Safeway is the next Supervalu Under $10 Walmart is crushing traditional grocery stores
the large short position knows how bad the economy really is.
All smoke and mirrors thinking a path of recovery
Look at all the vacant storefronts.
Look at all the people living paycheck to paycheck.
It's a scam!
SWY just loaded up on Debt for concluded stock buybacks, the death spiral will begin....
You sound desperate. Are you really short? If so, you are a pretty stoopid fellow. WMT competition grossly overstated. WMY has no urban presence, no food presence in small towns where SWY dominates on the west coast. Plenty of shoppers would never set foot in a WMT. On the other hand folks who short SWY might be WMT folks.
The large short position is getting their clocks cleaned. By your post you seem to one of them. People living paycheck to paycheck is not new, and it seems to me that I see more new business opening in the vacant store fronts. If I am right about you being a shorty, you are going to have to cover a big run, and soon will be living paycheck to paycheck.