RJ Towner
Editor's Choice
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A Cheap Stock in a Terrible Industry
By RJ Towner - January 9, 2013 | Tickers: RNDY, SVU, KR |
After going public in early 2012, we at Valuentum profiled Midwestern grocery chain Roundy’s (NYSE: RNDY). Earnings momentum has moved materially against the company, and as we predicted, the firm had to slash its enormous dividend payout. In a typical post-IPO period, management was optimistic about future prospects, and competition in the firm’s core Wisconsin market looked weak at best.
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