DTEJD1997 Posted May 2, 2020 Author Share Posted May 2, 2020 Hey all: Anybody else invest in SPTN? I got some shares just before the huge Covid-19 panic hit around $9.40/share. This was not the low, but reasonably close. I think it is a good chance that SPTN is getting close to being fairly valued. The next earnings report will be VERY interesting. Their sales are simply going to be incredible. What will be so interesting is if there costs did not rise faster than their sales. Some other retailers have had problems with extra wage costs and lost efficiency due to cleaning/restocking/other things. Anybody else looking at any of the other grocers? I think VLGEA is still interesting. Going to be interesting to see how the latest acquisition works out. Link to comment Share on other sites More sharing options...
DTEJD1997 Posted May 27, 2020 Author Share Posted May 27, 2020 OK: SPTN reports earnings today. Please see: https://finance.yahoo.com/news/spartannash-announces-first-quarter-fiscal-200500356.html Earnings were strong, coming in at an adjusted rate of $.67/share for the quarter. They massively paid down debt, about $90mm. Generated about $123mm from operating activities. Outlook for 2020 has been raised. This why I thought SPTN was a superior investment choice vs. VLGEA way back when. The stock price has gone up a little bit too. Link to comment Share on other sites More sharing options...
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