Peter Arender, CFA Albertsons Inc ABS-N TOP PICK Dec 23, 2003

earnings have had a dip over the past year. Has given a P/E of around 12. Very cheap

Peter Arender, CFA

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$22.500

Stock price when the opinion was issued

food stores

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Model ranks it in the top 50 of the S&P 500. Feeling the pressure of competition from Wal-Mart and Costco as well that is having some labor problems. Should earn almost $2 a share next year.

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Peter Arender, CFA Albertsons Inc ABS-N TOP PICK Dec 23, 2003

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