Mon, May 28, 2012, 2:33 PM EDT - U.S. Markets closed for Memorial Day

Kroger may attract suitors, Bloomberg reports

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SymbolPriceChange
KR22.410.26

For potential suitors, grocery store chain Kroger (KR) is trading at an 86% discount to its projected sales this fiscal year, leaving it cheaper than 99% of companies in the S&P 500 Index, according to Bloomberg data. The company is now valued at 10.8 times estimated earnings, the lowest level for a U.S. food retailer greater than $2B, reports Bloomberg.

 

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