Kroger: Merger With Albertsons A Strong Catalyst
Summary
- The Kroger Co. raised its full-year expectations, expecting identical sales excluding fuel to grow 4% to 4.5% YoY.
- The Albertsons merger is very favorable for Kroger shareholders because of its price, synergy benefits, and geographic sales diversification.
- Even if the merger fails, Kroger remains an attractive stock that I like to see in my portfolio.
- The dividend per share has been growing steadily for years, averaging 13.5% per year over the past 10 years.
- Kroger's valuation has become favorable and its prospects remain excellent. The company is shareholder-friendly, The Kroger Co. stock is worth buying.
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