beerbaron Posted August 18, 2011 Author Share Posted August 18, 2011 WINN just printed 6.35. It's looking purty again. We've been buying...it does look "purty" again! Cheers! 9 months ago it was a good buy. Today it's an OK buy, there is so much great assets at a good price today that the turnaround story of WINN is not that compelling anymore. BeerBaron Link to comment Share on other sites More sharing options...
beerbaron Posted October 1, 2011 Author Share Posted October 1, 2011 5.92$ Friday, 200M in cash, FCF in 60-70M per year and decent numbers (400-500$/sq foot) are still happening in the complete remodels (ROI around 18%). Parsad I'm sorry you were right, it's getting priced as if they are bankrupt. It's great to be in and out of stocks like this, the research time is considerably lower :) BeerBaron Link to comment Share on other sites More sharing options...
Misk Posted October 4, 2011 Share Posted October 4, 2011 Has anyone looked at WINN on relative metrics after capitalizing their operating leases and adjusting Operating Income for lower SG&A as it relates to a decrease in rent expense? Link to comment Share on other sites More sharing options...
beerbaron Posted October 5, 2011 Author Share Posted October 5, 2011 Misk, can you be a little more precise? I'm pretty savy of this company and I can't understand your question. BeerBaron Link to comment Share on other sites More sharing options...
Misk Posted October 5, 2011 Share Posted October 5, 2011 Sure, I was simply referring to adjusting the balance sheet for the company's operating leases. After adding their operating leases back onto their balance sheet, the company doesn't appear as attractive on relative valuation metrics (EV/EBITDA specifically) relative to peers KR, SVU, and SWY. I agree that on an absolute basis, assuming mcx of $75mln for 2011, that the company appears attractive. Link to comment Share on other sites More sharing options...
PlanMaestro Posted October 7, 2011 Share Posted October 7, 2011 http://www2.tbo.com/news/business/2011/oct/06/2/winn-dixie-boldly-trying-to-change-perception-ar-262990/ Gonzalez acknowledges this is not the Winn-Dixie most people envision in their mind: A chain of dingy grocery stores, pushed by Publix and Walmart into bankruptcy. Changing that impression means breaking out the checkbook. One of Florida's relatively small grocery chains, Winn-Dixie is spending more than $100 million on renovating stores into "Transformational" models to rival a Whole Foods or Fresh Market in terms of style and polish. Plus, the company, now out of bankruptcy, is investing in new store technology and giving discount gas deals to frequent shoppers. Investors say that project represents the best hope Winn-Dixie has for surviving in a hypercompetitive Southeastern market. It's no idle question, either. Publix, Sweetbay and Walmart are all polishing their stores to more modern, luxurious style, and focusing more on higher-tier foods. Nearly every week, Winn-Dixie ranks as the most expensive store in the Tribune's Market Basket index of 30 common products, and Winn-Dixie stock has lost half its value since August to less than $6 per share. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted October 20, 2011 Share Posted October 20, 2011 http://online.wsj.com/article/SB10001424052970203752604576640923370662418.html?ru=yahoo&mod=yahoo_hs Link to comment Share on other sites More sharing options...
beerbaron Posted November 1, 2011 Author Share Posted November 1, 2011 The only thing in my portfolio that is up today! http://phx.corporate-ir.net/phoenix.zhtml?c=78738&p=irol-newsArticle&ID=1623881&highlight= BeerBaron Link to comment Share on other sites More sharing options...
claphands22 Posted November 13, 2011 Share Posted November 13, 2011 http://www.jaxdailyrecord.com/showstory.php?Story_id=534905 Looks like JEast got a mention. Link to comment Share on other sites More sharing options...
Junto Posted December 19, 2011 Share Posted December 19, 2011 To be bought for $9.50 cash, congrats guys http://www.marketwatch.com/story/bi-lo-and-winn-dixie-agree-to-merge-2011-12-19 Link to comment Share on other sites More sharing options...
Kraven Posted December 19, 2011 Share Posted December 19, 2011 They didn't even get TBV. Pitiful. So all that money into the new stores, etc down the drain as far as shareholders are concerned. Link to comment Share on other sites More sharing options...
beerbaron Posted December 19, 2011 Author Share Posted December 19, 2011 Sweet! This will more then Offset my losses in RIM >:( BeerBaron Link to comment Share on other sites More sharing options...
Parsad Posted December 19, 2011 Share Posted December 19, 2011 We should have bought more when it went down last week. I was hoping it would fall below $5! That's what happens when you keep waiting for an even fatter pitch sometimes. Cheers! Link to comment Share on other sites More sharing options...
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