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Supervalu (SVU +3%) adds to yesterday's gains as the company's disclosure that it has...

Supervalu (SVU +3%) adds to yesterday's gains as the company's disclosure that it has indications of interest brings in speculative buyers. Though P-E firms may be crunching the numbers on some kind of buyout, don't look for a sector rival to make a bid. The key point is that other grocery sellers - including Wal-Mart and discounting stores - are picking up the market share for free as Supervalu bleeds customer traffic.
Comments (8)
  • This has to be the worst stock of all time. They only have losses. I will never own it no matter how many hedgefunds talk it up.
    19 Oct 2012, 02:26 PM Reply Like
  • I heard a tire store in Canada was thinking of making a play for it but only if the CEO retires.
    19 Oct 2012, 02:44 PM Reply Like
  • Why would a tire store want to buy a grocery store that loses money?
    19 Oct 2012, 04:06 PM Reply Like
  • That might be interesting for Canadian Tire... Not sure how it would work.
    19 Oct 2012, 04:50 PM Reply Like
  • Wayne Sale is the new CEO of supervalue

     

    "Wayne Sales is the former Chief Executive Officer of Canadian Tire Corp. Ltd.. He held position from August 2000 to May 2006. Prior to this, he held the position of Executive VP, Canadian Tire Retail." Wikipedia

     

    Get it ?
    19 Oct 2012, 06:40 PM Reply Like
  • Get what? Every CEO has had a former job.
    20 Oct 2012, 11:38 AM Reply Like
  • Your hopeless.
    20 Oct 2012, 12:14 PM Reply Like
  • What I think is hedgefunds have repeatedly picked the stock, lost money, bought it again and again, and now are coming up with reasons why we need to buy it. It's snake oil. I have no interest in owning stocks of companies who lose money. There are too many cheap stocks of companies who actually have profits quarter after quarter.
    21 Oct 2012, 01:53 PM Reply Like
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