SWY missed the earning forecast with a wide margin. The only good news is Management decided to close out the stores in Chicago in early 2014. It is not certain there are buyers willing to take a chance of this failing business over there in Chicago. I do not understand why the street is cheer about this.
Furthermore, SWY expects to sell the 72 stores cheap so there is tax loss credit of $450 millions. I don't understand why the tax players have to subsidy for their losses. However, they find all the ways not to pay tax when they make profits.