Albertsons IPO (again)

[storewanderer]

What is ironic is the "owners" of Albertsons, heavy in other commercial real estate (which is going to tank, hard) and whatever else they have, it seems like the grocery business is in a really good position right now and will be a steady cash generating machine going forward. My guess is they are counting on the sales momentum continuing for the next 9 months to 1 year to help prop up the stock price, then they will have some extremely difficult comparables to run against and we will see what happens then.

They have, in my little NV market in 6 stores, radically improved pricing, but most of NorCal continues to run with quite outrageous pricing.

I do think they should benefit from Kroger's ongoing somewhat questionable and slipping operation. They sure do better on fresh department quality.

[klkla]

What is ironic is the "owners" of Albertsons, heavy in other commercial real estate (which is going to tank, hard)

FWIW they are heavy in supermarket anchored commercial real estate to be specific, which is probably the safest real estate right now in the commercial sector.

[storewanderer]

What is ironic is the "owners" of Albertsons, heavy in other commercial real estate (which is going to tank, hard)

FWIW they are heavy in supermarket anchored commercial real estate to be specific, which is probably the safest real estate right now in the commercial sector.

That is true, the neighborhood shopping centers are quite safe. Even with some/many small tenant spaces vacant, having the large grocery spaces ensure constant traffic flow into the centers to keep a good number of the tenant spaces going.