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pittsburgh jamie

pittsburgh jamie
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  • Naming names: The picture on Supervalu (SVU +30.6%) comes into focus with Debtwire reporting that Cerberus Capital Management wants to line up $4B-$5B in debt financing to take over the grocery store operator. [View news story]
    Thank you Cerberus for not making this a total loss for me!
    Oct 22 04:37 PM | 1 Like Like |Link to Comment
  • Supervalu: A Comeback You Don't Want To Miss [View article]
    Buy SVU stock, get a free unicorn, rainbow, and happy thoughts!

    I believe the company will hang on and survive and the stock may go back up, but it will be through some pain and suffering and possibly a couple years. SVU was screwed the moment they bought Albertson's and took on a titanic amount of debt. The bright spots of their independent customers and save-a--lot are not enough to make this a "must own" stock. It is a stock that may reward the stout hearted turnaround investor, but I wouldn't bet my life savings on it. Tread carefully!
    Jul 25 03:46 PM | 1 Like Like |Link to Comment
  • A hitch in Cerberus Capital's funding is stalling its pursuit of Supervalu (SVU -15.9%), Bloomberg has sources reporting. It comes down to the post-acquisition debt-revenue mix - and if Supervalu has to sell assets on its own, big tax payments lie ahead. [View news story]
    best thing that could happen is ceberus takes all the Albertson's away, and the Jewel/Osco and independent supply business would make money once again. No wonder Noodle retired, he saw this coming after the Albertson's debacle.
    Dec 3 01:25 PM | Likes Like |Link to Comment
  • A hitch in Cerberus Capital's funding is stalling its pursuit of Supervalu (SVU -15.9%), Bloomberg has sources reporting. It comes down to the post-acquisition debt-revenue mix - and if Supervalu has to sell assets on its own, big tax payments lie ahead. [View news story]
    I don't think there's any real chance of going out of business for the next decade for SVU. Too much in sales, and they are paying down the debt obligations. This ISN'T a Hostess situation where bankruptcy is imminent. More of a languishing industry that may slowly decline. I think jobs are generally safe at store levels though.
    Nov 30 12:03 PM | Likes Like |Link to Comment
  • Naming names: The picture on Supervalu (SVU +30.6%) comes into focus with Debtwire reporting that Cerberus Capital Management wants to line up $4B-$5B in debt financing to take over the grocery store operator. [View news story]
    Well if you bought at $1.80 or so you'd look pretty smart.
    Oct 23 12:13 PM | Likes Like |Link to Comment
  • Naming names: The picture on Supervalu (SVU +30.6%) comes into focus with Debtwire reporting that Cerberus Capital Management wants to line up $4B-$5B in debt financing to take over the grocery store operator. [View news story]
    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.
    Oct 23 12:12 PM | Likes Like |Link to Comment
  • 3 Reasons Wendy's Stock Offers A Cut Above Investment Opportunity [View article]
    I don't disagree with any facts or figures in this article but as a consumer I don't think Wendy's will hold up that well. Don't get me wrong, I like it and eat there once in a while, but I am tired of the LONG WAITS at this place. I've been to 3 different Wendy's locations in the last month and it was the same story each time- 10 or more people in line, only 1 register open. The Wendy's in my city closed a few years ago because of slow service and I see no changes in this area. Crappy customer service and long lines will show up on the bottom line eventually for this chain I believe!
    Sep 12 12:54 PM | Likes Like |Link to Comment
  • Supervalu (SVU) says it's successfully completed two debt financing transactions, totaling $2.5B. The debt is structured in a new five-year $1.65B asset-based revolving credit facility, secured by the Company’s inventory, credit card receivables and certain other assets, and a new six-year $850M term loan, secured by a portion of the Company’s real estate and equipment. [View news story]
    Just buying time. Sadly, that is all it is.
    Sep 5 03:02 PM | Likes Like |Link to Comment
  • Long Play Of The Day: Supervalu [View article]
    BeeCalk,

    In regards to the supervalu corporate stores, I generally agree with your comments. Interestingly enough, some of the independent stores they supply are quietly having pretty good growth of 5 percent or more. They have too much debt, but are ahead of schedule on repayment. I'm getting in around $5, getting the dividend at the end of the month and hoping for a short term pop.
    May 14 03:52 AM | Likes Like |Link to Comment
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