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Shares of Roundy's (RNDY -14.4%) after the grocery store chain reports slumping Q1 earnings...

Shares of Roundy's (RNDY -14.4%) after the grocery store chain reports slumping Q1 earnings which it (rather creatively) partially pins on the Green Bay Packers' early playoff exit. Moving forward, the company sees sales increasing 3%-5% - but forecasts same-store sales will decline by 0.5% to 1.5%.
Comments (3)
  • bsteinr
    , contributor
    Comment (1) | Send Message
     
    There's something fishy here - Less than 2 weeks before this announcement they were confirming their intent to issue quarterly dividends. The stock moved on this and other encouraging statements (such as the original IPO) also stating the intent to pay dividends this quarter. I've not listened to the transcripts of the investor meeting but there should be some investigation.
    13 May 2012, 02:22 AM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    And the div was pretty high if I remember correctly.

     

    No other grocers I know offer that kind of div.

     

    A grocer's margins are slim to none.

     

    Yeah, its definitely .... bizarre.
    15 May 2012, 05:04 PM Reply Like
  • bigazul
    , contributor
    Comments (1069) | Send Message
     
    Not touching it until it get some more miles.
    17 May 2012, 04:21 PM Reply Like
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