New to this stock...just investigating. Ran across the following (link about 6 months old).
"Supervalu's executive chairman, Jeffrey Noddle, who retired last June, received restricted stock worth $1.76 million, an award due to him because the objectives of his 2006 employment retention agreement had been met."
So this guy, whom apparently went along with a bone-headed merger....is getting 1.76Million of shareholder money....all because ''''the objectives...had been met"".
What kind of comp committee condones the destruction of shareholder value.... SVU apparently.
In large part due to the Albertsons acquisition and to a lesser part the 60 million plus shares short, you can purchase a potential triple bagger with a 5% yield. Opportunity knocks...shorts can cover now and save a lot or cover later and need to shop for Jeff Ramen Noodles at Save A Lot! It's Noddle by the way. If you are long SVU, it's Stockman and Dakota for dinner. Good luck to you all.
Cramer`s trade book the American Brands store chain was`nt making big enough bank so with his friends at goldman sucks he unloaded the American Brands store chain on Albertsons.That was the deal that created the real problems.Due diligence, not so much Albertsons ended up with alot of underperforming stores and debt to service to keep the doors open.The deal was`nt about Albertson`s future it was the deal makers making money.