Visited two of the new Hy Vee stores in the Twin Cities this week and both were doing a lot of business. If Hy Vee continues to add stores here it will not be good for Cub and Super Valu.
Dipped back in again at 37.15 this morning. On a positive note, the weather is headed for 70 in AZ, after several days in the 50's. GLTA
Where do these trolls come from...and at this point it's all on paper and I'm still comfortable holding mine. JMHO GLTA
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
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.
Starts remain above 1 mil for October and have been above 1 mil for 7 straight months...for the first time since 2007. Gotta look at the positives.
Back in again at 39.48 and will look to reload again on any additional weakness today. Long and lovin CAA. At some point those 10mil short shares are going to have to start covering. Hopefully it's on the way back up. 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.
Still long with 4 positions, ready for the bounce back up. Have a great Christmas, Smoidalon.
I may be wrong, but I think Christmas has come a little early this year. Even holding till after the first of the year, the cycle always has moved back up. JMHO GLTA
Sold the 37.15 position from last week at 37.95 today. Little shorter margin, but all's good in one week. GLTA and Merry Christmas. Enjoy the holidays.
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
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.
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