Added to YB: 2024-02-02
Pitch date: 2024-02-01
KR [bullish]
The Kroger Co.
+41.14%
current return
Author Info
No bio for this author
Company Info
The Kroger Co. operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses.
Market Cap
$43.8B
Pitch Price
$44.77
Price Target
59.98 (-5%)
Dividend
2.12%
EV/EBITDA
7.19
P/E
16.84
EV/Sales
0.44
Sector
Consumer Staples Distribution and Retail
Category
special_situation
With The Merger Between Albertsons And Kroger Almost Certain To Fail, I Smell A Discount
ACI -29% from KR's $34.10 deal price on high regulatory risk, but cheap at 6x forward P/E vs peers ~10x. KR+ACI committed to H1 '24 close w/ price cuts, worker benefits. ACI a buy: limited downside if deal fails, 40% upside if it closes.
Read full article (6 min)