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Shares of Roundy's (RNDY) slip 22.5% in premarket trading after the grocery store chain misses...

Shares of Roundy's (RNDY) slip 22.5% in premarket trading after the grocery store chain misses earnings estimates by a penny in Q2 and lowers its forecast for the year. CEO Robert Mariano warns of an increasingly "price-conscious" consumer and pricing pressure in major markets.
Comments (1)
  • AZKID44
    , contributor
    Comments (67) | Send Message
     
    I see today's price decrease as a market over reaction! After reviewing their conference call and financial statements I increased my position in RNDY. With an almost 9% dividend rate and earnings and positive cash flow to cover the dividend ... they are paying me to wait for an economic turnaround.

     

    LONG RNDY
    11 Aug 2012, 10:21 AM Reply Like
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