exvaxman: Just more writing on the wall for the future of Jewel. Cerberus is going to throw everything at Mariano's, to extend the longevity of the Jewel brand. The proplem is businesses leasing space inside the mothership (Jewel), see the vultures gathering on the horizon. R.I.P.
Friends in the Biz who left Mariano's for Jewel for some mega offers $$, are telling me Jewel is going to create salad bars in an attempt to copy Mariano's. I don't see this working out well for Jewel. Mariano's were built according to specs to accomodate their salad bars to give the consumer a great presentation, along with size. The cram it in somewhere style Jewel is trying to copy from Mariano's, won't be anywhere close to what Mariano's has.
FYI: There was a gap up from $8.49 to $8.69 on the next trading day after Roundys announced it had acquired 11 Dominick's stores from Safeway. All gaps eventually get filled. GL
Part Two: " Roundy's to suspend it's quarterly dividend to grow Mariano's". I suspect we will see some knee jerk pressure on the stock due to suspending the dividend. What the market must realize is that Mariano's is nearly doubling it's footprint in the Chicago market with acquistion of 11 Dominick's stores from Safeway. BUY the dips. Roundy's is all about Mariano's now, and their going to continue to show success on a much bigger stage, while at the same time lowering their debt .
Nice job Chairman Bob! Chicago, Mariano's has become the core busisness for Roundy's with the aquistion of 11 Dominick's stores from Safeway. Each store to date has a gross income of at least $52M a year. To myself I see Roundy's as a growth stock now, as the fundamentals have clearly changed.
Is the govenor of Illinois working with Kroger (KR) to work out a corporate tax incentive i.e. Catapillar, to fill the soon to be empty Dominick's stores?? That's a possibility I heard from an analyst who has covered Kroger for the past 11 years state on Chicago's radio station WBBM, News Radio 78.
The sound of squeeling shorts covering their position, is music to my ears. Tick, tock tick, tock................
groceryfan: Your right the corporate tax rate in Illinois is terrible. The govenor had to cut a deal with Catepillar to keep them from leaving the state. I think the emergence of Mariano's had a lot to do with the demise of Dominick's. Bob Mariano was the CEO of Dominick's and when Safeway took over Dominick's......Bob was out. We all know the rest of the saying: "Paybacks are a B****."
Dominick's is history. Kroger is doing a great job of updating their stores. I get to La Porte IN. often and that store get's more impressive every time I go in it, and La Porte is a comparatively small market. I think they could do well in Chicago.
He's not doing bad for an "Idiot" like you say. Icahn is a multi-billionaire. Maybe you should look in the mirror, before using the term "Idiot"