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SUPERVALU Inc. Message Board

  • springer97me springer97me Jul 18, 2013 10:26 PM Flag

    This should trend higher for a while...

    stair step style.

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    • Looking at the charts from a couple years back, I'd say the 7.3-8.4 area is a battleground for the next month or so. Lets keep in mind this operation has dumped debt, returned to some level of profitability, has a top-notch CEO now and is just has capable of wringing cash out of its operations as any other player. Its hard to believe this stock was at $1.68. That was an absurd valuation.

      The true catalysts to share price growth are still out there-sales growth and resumption of the dividend. I believe the former will follow the latter. This is a company that now resembles the one that traded for $30/share a lot more closely than it did before the divestiture.

      I would bet we'll see $12-$13 before another 12 months passes. There are too many good things out there for this boring old grocer to not be able to take advantage. I really salute anyone who bought in the 1-2 range. I wish I had that kind of cajones! I imagine one day the dividend might be 1/3 of that amount every year!

 
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