August 19, 2009
SUPERVALU, Inc
Written By Vita Nelson
With annual sales exceeding $44 billion, SUPERVALU, Inc. (SVU 14.89 NYSE – yield 4.70%) is one of the nation’s largest food wholesalers and retailers, servicing over 5,000 stores in 48 states. It owns and operates 2,400 retail supermarkets, including Acme Markets, Albertson’s, Bristol Farms, bigg’s, Cub Foods, Farm Fresh, Hombacher’s, Jewel-Osco, Lucky, Save-A-Lot, Shaw’s Supermarkets, Shop ‘n Save, Shoppers Food & Pharmacy and Star Markets. Officers and directors own 2.6% and three funds own 18.5% of the 211.75 million shares outstanding. Buybacks of $70 million are slated. (Low fees).
Vita Nelson
The Moneypaper