With a PE of 12, a yield of 2% and with earnings projected to rise 10% in the next two quarters and 9% annually in the next five years, Kroger anywhere below 24 seems like a pretty good deal. Below 22, it's a downright steal.
I think we hade alot of Big Dogs evaluate the same thing the Volume was off the charts the last week even on the big DIP. I think this is a buy thru 22.89 even as high as 23.25. With the margin growth in late 2011 alot of Big Dogs either see restructuring a STOCK BUY BACK margin growth possilby all 3. Long adding was hoping to add again lower but maybe options is going to give me a HEADACH. 21-22 range
Absolutely disagree with you on your favorite BUY price. Waaaay to high at this point unless you care to go long, long and longer. $22 a good buy...no sir! Good luck on that one and it will take a lot of LUCK