Been watching SWY fall ~15% the last week on slightly lower guidance for the year.
This is just nonsense. There's no reason why the stock should have dropped this much.
I'm very tempted to increase my bet at current levels as I think it's ripe for a bounce. Is it worthwhile though if I'm only going to hold it for a 10% bounce? The stock should be worth at least $25-30 (barring a strike by the union).
Crazy. A grocery store with a ~13% P / FCF. People should take that deal any day, but I'm seriously hesitant to double-down due to the macro backdrop.
Disclosure: I own SWY.
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