What Happened When Alex Kenjeev Paid His Student Loan in Cash
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
The shares of grocery store chain Safeway Inc. (SWY), first discussed here on February 20, 2009, at a price of $20.09, have pulled backed toward $20 after testing $24 last autumn, but I still like the shares at this juncture. Here's why:
Intense competition will pressure grocery prices, hurting Safeway's revenue, but the view from here argues the worst is over concerning store traffic in California, a major market for SWY.
Meanwhile, margins should increase slightly in 2011, aided by an improved product mix.
convenience store posts
FeedHas Safeway's Pullback Created an Opportunity?
Continue reading Has Safeway's Pullback Created an Opportunity?
Casey's General Stores Up Big After Q1 Results
Casey's General Stores (CASY), an operator in the convenience retail industry, is trading higher this afternoon after reporting earnings for the fiscal first quarter. I'd have to assume, however, that some of the bid is based on the idea of a takeover transaction eventually being completed, perhaps at a higher price. According to Briefing.com, earnings of 81 cents per share merely met expectations. And sales of $1.36 billion came in slightly light of the analyst call. One very positive element to the story can be found in the press release. The dividend that will be delivered in November represents a 35% increase over the previous payout.
Continue reading Casey's General Stores Up Big After Q1 Results
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
