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Shares of Supervalu (SVU) race 9.5% higher in premarket trading to reach their highest level in...

  • Monday, October 22, 2012, 9:19 AM ET
    Shares of Supervalu (SVU) race 9.5% higher in premarket trading to reach their highest level in over a month. The drive upward has been buoyed by speculation on how much a bidder would pay in a buyout to take on the challenge of running the Albertsons, Cub Foods, Jewel-Osco, and Save-A-Lot food chains.
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This news story has 4 comments:

  •  
    Don't get caught holding the bag.
    22 Oct 2012, 09:25 AM Reply Like
  •  
    Super Value is a super investment ....Big time
    22 Oct 2012, 09:27 AM Reply Like
  •  
    I wish I would have bought at 1.89. So it goes.
    22 Oct 2012, 10:47 AM Reply Like
  •  
    SVU is a bunch of run-down grocery stores that lose money. I don't know who is interested in buying them. There are alot of them so it would be alot of work. It can't be that easy to get financing to run a business that continually loses money. And they compete with Walmart (the number 1 chain in America in size) and Kroger (the number 2 chain in America in size).
    Many people buy cheap stocks because they want a quick double. But you have to be ready to take your profits because at some point it is going to tank if they don't get an offer.
    22 Oct 2012, 08:28 PM Reply Like
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