Naming names: The picture on Supervalu (SVU +30.6%) comes into focus with Debtwire reporting...

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pittsburgh jamie Comments (10)
 
Thank you Cerberus for not making this a total loss for me!
22 Oct 2012, 04:37 PM Reply Like

BWare Comments (4)
 
Ditto, Jamie.

This has been so bad that it does keep me awake and my upset stomach is coming back. What kills me is that SUV is a real player in the food business and is worth a great deal overall. Perhaps this is what everyone refers to be when one says they are all in.
Tomorrow should be interesting.
22 Oct 2012, 06:18 PM Reply Like

jimpayne1 Comments (14)
 
Actually, today was very interesting, I wonder how much more upside you can expect from this right now. We'll be watching!
22 Oct 2012, 06:21 PM Reply Like

pittsburgh jamie Comments (10)
 
Yeah, it's weird to think that a company with $8 Billion in Revenue can drop from billions of market cap to 400 mil. Even if there sales keep slipping, and they end up with 5-7 billion in sales, they should be able to have cash flow and profits. Hopefully the new CEO can create positive earnings. Or find a buyer that would like entry into a Chicago, West Coast, or other area markets. I mistakenly bought this at $4.50 and bought more at $2. This possible bid saved my kiester in this stock, though I think the company is worth even a bit more than $3 per share.
23 Oct 2012, 12:12 PM Reply Like

Momintn Comments (1954)
 
EPS: -5.07

Why would anyone be holding this stock?
22 Oct 2012, 08:32 PM Reply Like

New Century Comments (129)
 
EBITDA, EV/EBITDA, etc...
22 Oct 2012, 11:38 PM Reply Like

alphaswitch Comments (2)
 
Be careful to pay attention to how much one-time non-cash items are contributing to GAAP earnings. Certain companies, such as T, might look worse if you don't parse out the non-recurring.

Had been my thesis on SVU for a while that GAAP earnings, which were largely driven by goodwill write-downs, were self-fulfilling in a way. The write-downs, driven by falling share price, lead to seemingly poor earnings, which then led to more falling share price, which then led to more write-downs, and so on. So the share price fell because, well, the share price fell?
23 Oct 2012, 02:46 AM Reply Like

pittsburgh jamie Comments (10)
 
Well if you bought at $1.80 or so you'd look pretty smart.
23 Oct 2012, 12:13 PM Reply Like