Supervalu Could Be Poised For Rebound

Published on Mon, 03/21/2011 - 10:10
By FNNO Staff in General Interest, analysis, barrons, business, financial, market, news, stock, supervalu, svu, trading, Barron's Report
analysis, barrons, business, financial, market, news, stock, supervalu, svu, trading

Supervalu (NYSE:SVU) could be on the verge of a big turnaround, according to a Barron's financial newspaper report on Sunday.

Supervalu, the third largest U.S. supermarket chain, is trading at $8.36 per share, down over 80% from the summer of 2007 when the stock traded near $50 per share.

The company's new management team has struggled to keep same-store sales from falling, but the supermarket chain is generating positive cash flow, after selling off some units and cutting costs.

The paper also said investors are overlooking several existing strengths in Supervalu's portfolio of operations.

SUPERVALU is currently below its 200-day moving average (MA) of $9.99 and should find support at its 50-day MA of $7.90.

By FNNO Staff
fnnonline@gmail.com

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