Safeway Inc. (SWY-N) Stock Predictions - Stockchase
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Safeway Inc. (SWY-N)

ON STOCKCHASE SINCE Jan 2001

Acquired by Albertsons (January 2015)

food stores

Safeway Inc.

SWY-N

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Safeway Inc. (SWY-N) SAVE Dec, 31, 1969, 7:00 pm

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PAST TOP PICK
Safeway Inc.(SWY-N) 

July 11, 2014

(A Top Pick June 26/13. Up 68.68%.) Trading relatively cheap compared to its US peers, and extremely cheap on the Canadian side. Had an extremely robust Canadian business. Significant value was created by selling their Canadian division. Exited when it hit his $30 target.

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(A Top Pick June 26/13. Up 68.68%.) Trading relatively cheap compared to its US peers, and extremely cheap on the Canadian side. Had an extremely robust Canadian business. Significant value was created by selling their Canadian division. Exited when it hit his $30 target.

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Brian Huen

Managing P, Red Sky Capital Mana...

Price Price
$34.640
Owned Owned
No

PAST TOP PICK
Safeway Inc.(SWY-N) 

March 28, 2014

(A Top Pick March 22/13. Up 40.95%.) They are being acquired. Ahead of this acquisition, they are going to spin out the Black Hawk, which they own a majority of. Sold about a 3rd of her holdings and is going to wait to find out more about the Black Hawk situation.

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(A Top Pick March 22/13. Up 40.95%.) They are being acquired. Ahead of this acquisition, they are going to spin out the Black Hawk, which they own a majority of. Sold about a 3rd of her holdings and is going to wait to find out more about the Black Hawk situation.

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Veronika Hirsch

Chief Inve, Arrow Capital...

Price Price
$37.300
Owned Owned
Yes

DON'T BUY
Safeway Inc.(SWY-N) 

February 27, 2014

Trading at 30 times estimated earnings.  Talk of private equity getting involved.  Sector is not one of the leading ones.  Defensive ones have done better over the last few weeks.  This not the best place to be focused.  Estimates in general have been coming down for the stock. He would take the money and move on.

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Trading at 30 times estimated earnings.  Talk of private equity getting involved.  Sector is not one of the leading ones.  Defensive ones have done better over the last few weeks.  This not the best place to be focused.  Estimates in general have been coming down for the stock. He would take the money and move on.

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David Burrows

President , Barometer Capital Ma...

Price Price
$37.310
Owned Owned
Unknown

PARTIAL SELL
Safeway Inc.(SWY-N) 

November 29, 2013

If you own, he would be tempted to take trim a little. Did well with the sale of their Canadian operations. Valuations have moved somewhat higher. There is more competition in this space.

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If you own, he would be tempted to take trim a little. Did well with the sale of their Canadian operations. Valuations have moved somewhat higher. There is more competition in this space.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$34.970
Owned Owned
Unknown

COMMENT
Safeway Inc.(SWY-N) 

September 25, 2013

Not a bad company. Had a nice run. Stock is no longer cheap. It will be a market performer.

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Not a bad company. Had a nice run. Stock is no longer cheap. It will be a market performer.

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$31.920
Owned Owned
Unknown

SELL
Safeway Inc.(SWY-N) 

July 31, 2013

Supermarket industry in North America is tending to do a little bit better. This has not been one of the best run companies but has benefited recently by the sale of their Canadian division to Empire (EMP.A-T). He would use any strength in the stock to get out.

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Supermarket industry in North America is tending to do a little bit better. This has not been one of the best run companies but has benefited recently by the sale of their Canadian division to Empire (EMP.A-T). He would use any strength in the stock to get out.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$25.790
Owned Owned
No

COMMENT
Safeway Inc.(SWY-N) 

July 12, 2013

This has been an interesting story. Has been a little bit of a real estate play. Not his favourite name in the space.

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This has been an interesting story. Has been a little bit of a real estate play. Not his favourite name in the space.

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Stuart Hinshelw

US Equitie, BMO Nesbitt Burns...

Price Price
$24.550
Owned Owned
No

TOP PICK
Safeway Inc.(SWY-N) 

June 26, 2013

Just sold their Canadian business to Empire Co (Sobeys). This is the last, big, attractive consolidation play in the grocery space in Canada. Stock went from $23-$29 where he sold his holdings. Stock has now dropped back to $23 and he feels the market is missing the picture here. They are going to get $4 billion net after taxes and will spend $2 billion to pay back debt and another $2 billion to buy back stock. Yield of 3.4%. Has a target of $27-$30.

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Just sold their Canadian business to Empire Co (Sobeys). This is the last, big, attractive consolidation play in the grocery space in Canada. Stock went from $23-$29 where he sold his holdings. Stock has now dropped back to $23 and he feels the market is missing the picture here. They are going to get $4 billion net after taxes and will spend $2 billion to pay back debt and another $2 billion to buy back stock. Yield of 3.4%. Has a target of $27-$30.

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Brian Huen

Managing P, Red Sky Capital Mana...

Price Price
$23.560
Owned Owned
Yes

TOP PICK
Safeway Inc.(SWY-N) 

March 22, 2013

Has been under pressure. Had boring earnings and some operational issues and they were buying back stock and putting the debt on the balance sheet. Had a tremendous 4th quarter. Big turnaround. Took their financial card public, which will help clean up their balance sheet. Expects that in a year or 2 they will be buying back stock again. Dividend yield of 2.72%.

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Has been under pressure. Had boring earnings and some operational issues and they were buying back stock and putting the debt on the balance sheet. Had a tremendous 4th quarter. Big turnaround. Took their financial card public, which will help clean up their balance sheet. Expects that in a year or 2 they will be buying back stock again. Dividend yield of 2.72%.

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Veronika Hirsch

Chief Inve, Arrow Capital...

Price Price
$25.750
Owned Owned
Yes

DON'T BUY
Safeway Inc.(SWY-N) 

January 30, 2013

In a difficult space. Reality of the grocery business in North America is that there is more square footage growth than there is population growth, from the likes of Walmart (WMT-N), discounts and even Dollar stores. Very levered company with over $5 billion of debt and no top line growth presently. Earnings are not growing. About 4.5% dividend.

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In a difficult space. Reality of the grocery business in North America is that there is more square footage growth than there is population growth, from the likes of Walmart (WMT-N), discounts and even Dollar stores. Very levered company with over $5 billion of debt and no top line growth presently. Earnings are not growing. About 4.5% dividend.

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$19.160
Owned Owned
Unknown

DON'T BUY
Safeway Inc.(SWY-N) 

January 10, 2013

This is a food industry that has very, very small margins so it is tough to make money.

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This is a food industry that has very, very small margins so it is tough to make money.

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Gordon Reid

President, GoodReid Investment ...

Price Price
$17.560
Owned Owned
No

COMMENT
Safeway Inc.(SWY-N) 

January 7, 2013

CEO is retiring in May.  Doesn’t following this closely.  This is a very mature sector.  People hold this for a defensive name.  It is a competitive industry. She had L-T a year ago and then got out of it.  Would not go into this sector.

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CEO is retiring in May.  Doesn’t following this closely.  This is a very mature sector.  People hold this for a defensive name.  It is a competitive industry. She had L-T a year ago and then got out of it.  Would not go into this sector.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$17.640
Owned Owned
No

DON'T BUY
Safeway Inc.(SWY-N) 

October 1, 2012

Problem with US food retailers. Margin Squeeze. Has been a major value destruction in this stock so stay away from it.

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Problem with US food retailers. Margin Squeeze. Has been a major value destruction in this stock so stay away from it.

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Gavin Graham

Trustee, Pointbreak ETFs...

Price Price
$16.100
Owned Owned
Unknown

DON'T BUY
Safeway Inc.(SWY-N) 

September 11, 2012

Groceries is a tough, low margin business and has gotten tougher because of Wal-Mart. Has taken on $2 billion of debt to buy back a 3rd of their shares. Paying a dividend of 4.5%. Not crazy about a company in the low margin business that is having trouble delivering same-store sales growth, levering up the balance sheet. They are losing ground.

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Groceries is a tough, low margin business and has gotten tougher because of Wal-Mart. Has taken on $2 billion of debt to buy back a 3rd of their shares. Paying a dividend of 4.5%. Not crazy about a company in the low margin business that is having trouble delivering same-store sales growth, levering up the balance sheet. They are losing ground.

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$16.400
Owned Owned
No

COMMENT
Safeway Inc.(SWY-N) 

December 30, 2008

Grocery business is an area that does well in recessions and bear markets. People have to eat and start eating at home more. Prefers Kroger (KR-N), which is a much better operation. Also thinks the worst is over for Loblaws (L-T).
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Grocery business is an area that does well in recessions and bear markets. People have to eat and start eating at home more. Prefers Kroger (KR-N), which is a much better operation. Also thinks the worst is over for Loblaws (L-T).
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Norman Levine

Managing D, Portfolio Management...

Price Price
$23.320
Owned Owned
No

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