Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Safeway (NYSE: SWY ) shares were taking their turn in the dunk today, falling as much as 19% after posting a disappointing quarter.
So what: The supermarket chain sacrificed profit during the quarter in order to hold on to customers, as competition from the likes of Wal-Mart�and Target�continues to rise. Adjusted earnings per share came in at $0.35, $0.01 below estimates, and revenue was off by about 1.5%. Same-store sales increased by 1.5%, which was due, in part, to a shift in the calendar.
Now what: Today's drop seemed to be less of a result of a terrible earnings report, and more of a slight miss coming after strong appreciation in the stock. Before today's drop, sales had nearly doubled since the summer, as the company has tried new strategies to increase sales and remain relevant in a changing industry, including personalized deals and lower prices. The momentum seemed to get ahead of itself, however, as profit growth would not seem to justify a share price of $30. For those who still have profits to take, now might be a good time.
Hot Supermarket Companies To Own In Right Now: Coopers Park Corporation(XCP.V)
Coopers Park Corporation engages in the acquisition, development, and marketing of three residential condominium properties in Vancouver, British Columbia. The company is based in Vancouver, Canada.
Hot Supermarket Companies To Own In Right Now: Weingarten Realty Investors(WRI)
Weingarten Realty Investors operates as a real estate investment trust (REIT). The company engages in the management, acquisition, and development of real estate. It operates in two segments, Shopping Center and Industrial. The Shopping Center segment engages in the acquisition, development, and management of real estate, primarily anchored neighborhood and community shopping centers located in Texas, California, Louisiana, Arizona, Nevada, Arkansas, New Mexico, Oklahoma, Tennessee, Kansas, Colorado, Missouri, Illinois, Florida, North Carolina, Mississippi, Georgia, Utah, Kentucky, and Maine. Its customer base includes supermarkets, discount retailers, drugstores, and other retailers. The Industrial segment engages in the acquisition, development, and management of bulk warehouses and office/service centers. Its properties are located in Texas, Nevada, Georgia, Florida, California, and Tennessee. As of June 30, 2005, Weingarten Realty Investors owned or operated under long -term leases, directly or through its interest in joint ventures or partnerships, a total of 350 developed properties and 3 properties that are in various stages of development. Its properties include 294 shopping centers and 59 industrial properties. Weingarten Realty Investors qualifies as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. The company was founded in 1948 and is based in Houston, Texas.
Top 5 Insurance Companies To Own In Right Now: RSC Holdings Inc.(RRR)
RSC Holdings Inc., together with its subsidiaries, engages in the rental of construction and industrial equipment primarily in the United States and Canada. It offers approximately 900 categories of equipment, including backhoes, forklifts, air compressors, scissor lifts, aerial work platform booms, and skid-steer loaders; and smaller items, such as pumps, generators, welders, and electric hand tools. The company also provides safety equipment, which comprise hard hats and goggles; consumables that include blades and gloves; tools comprising ladders and shovels; and other ancillary products. In addition, it sells new equipment; and used rental equipment, merchandise, and other related items. The company sells its products to industrial or non-construction related companies, and construction companies. As of December 31, 2011, it operated through a network of 440 rental locations in 43 states in the United States; and 3 Canadian provinces. The company is headquartered in Sc ottsdale, Arizona.
Hot Supermarket Companies To Own In Right Now: NetLogic Microsystems Inc.(NETL)
NetLogic Microsystems, Inc., a fabless semiconductor company, together with its subsidiaries, designs, develops, and sells processors and integrated circuits used in mobile wireless infrastructure, data center, enterprise, metro Ethernet, and edge and core infrastructure networks. Its product portfolio includes multi-core communications processors, knowledge-based processors, high-speed 10/40/100 gigabit Ethernet physical layer devices, network search engines, and ultra low-power embedded processors. These products are designed into various systems, such as switches, routers, wireless base stations, access aggregation, radio network controllers, security appliances, networked storage appliances, service gateways, and connected media devices offered by original equipment manufacturers. The company markets and sells its products through its direct sales force and distributors, as well as through independent sales representatives worldwide. NetLogic Microsystems, Inc. was fou nded in 1995 and is based in Santa Clara,, California.
Hot Supermarket Companies To Own In Right Now: China Kunda Tech Holdings Ltd (GU5.SI)
China Kunda Technology Holdings Limited, an investment holding company, engages in the provision of precision moulds, plastic injection parts, and in-mould decoration (IMD) products to the electronics, electrical, automobile, and specialized devices industries. It supplies a range of automobile moulds, including door panel, sunroofs, side mirrors, low pressure moulds, head lights, air intake manifolds, bumper structural components, grilles, and cam covers; and plastic and metal automobile components comprising wheel covers, cabin pillars, footwell brackets, quarter window assemblies, door frames, electric loom brackets, cowl covers, interior panels, wheel guards, center consoles, glove boxes, and duct assemblies. The company is also involved in the production, trading, and sale of stamped metal parts; and manufacture and sale of metal parts. It serves original equipment manufacturers, original design manufacturers, and owners of international brands in the People�s Republ ic of China, Asia, North America, Europe, and South Africa. The company was founded in 1998 and is headquartered in Mong Kok, Hong Kong.
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