The Albertsons' acquisition was definitely the start of the slide downhill. And they need to get back to basics and running stores the right way. JMHO
Back in this morning at 29.70 this morning with a 30.56 exit point. Based on the market, I don't think I'm going to look for a big return yet.
Today's volume indicates something is going on...possibly an institutional investor selling. We haven't seen today's volume in a long time. JMHO GLTA
Sales up 12% in this quarter, net income up 29%. Cash and cash equivalents are 36 million with no debt. Sales increasing with a strong balance sheet. JMHO GLTA
Recent article indicated that the market for homes above the entry level ones is strong...good news for CAA. And the activity I'm seeing in Arizona is starting to look like the old boom days. Lots of homes being built.
Where do these trolls come from...and at this point it's all on paper and I'm still comfortable holding mine. JMHO GLTA
And take a look at the perishable departments in HyVee(bakery, produce and meat) vs Cub and you will also get a clue as to what the problem is. I worked for several years at Red Owl in the Twin Cities and they were never able to get out in front of the market as "the place to buy your perishables" and that was one of their downfalls.
Drove by a CAA(Ryland) development in Queen Creek, AZ yesterday. This area is experiencing a lot of growth and the Ryland development looks like it's really doing well.
Still love the fundamentals and the long term outlook. Back in today at 35.75. And we've got the spring selling season coming up to juice housing sales. JMHO GLTA