real-time news and commentary for investors
Tuesday, Oct 16
2012, 1:58 PM
Supervalu (SVU +2.7%) breaks outs of its doldrums after Kroger paints a rosier picture for the...
Supervalu (SVU +2.7%) breaks outs of its doldrums after Kroger paints a rosier picture for the grocery store sector than what's been passed off as conventional wisdom lately. Despite fundamentals that may or may not look enticing, the dominant theme on the name is still whether or not a deal to sell parts or all of Supervalu's business is in the works. On that point, Cantor Fitzgerald analyst Ajay Jain unearths a key trading point: For CEO Wayne Sales to be able to cash in his performance shares, SVU needs to trade higher than $1.23. He's got a bit of room to play, but the clock could be ticking.