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alstry (< 20)

Back to Business...NEGATIVE



June 24, 2009 – Comments (9)

NEW YORK (MarketWatch) -- Supervalu Inc.said Wednesday that earnings for the first quarter would be substantially below "First Call consensus earnings for the quarter." Analysts polled by FactSet Research estimated, on average, earnings of 65 cents a share for the grocer. Chief Executive Craig Herkert stated, "Consumers have become more value focused and cautious in their spending which has pressured sales and margins greater than anticipated. We currently estimate our identical store sales will be approximately negative 3%."

Supervalu is a national grocer......groceries are the last spend a consumer cuts back.....sales tend to be more resillient due to the tens of billions in food stamps government hands out each year.

It is clear that the strain on the consumer is getting much more severe.  We are now seeing HealthCare and Government start to ramp up layoffs and paycuts. 

Prepare for lots of negative and downward revisions as the summer progresses.

9 Comments – Post Your Own

#1) On June 24, 2009 at 8:58 AM, dickseacup (< 20) wrote:

We have a Meijer's store near us. I went grocery shopping there with my wife a couple of weeks ago, which is something I rarely do. Just about every non-staple item was on sale. I think the "deals" I calculated were in the neighborhood of an 18% savings, if you decided you really had to have those three boxes of processed food-like crap. There were other enticements to buy non-staples, too, such as buying two packages of Oreos (or various other cookies) and you received a free gallon of milk.

I told my wife that the waving fields of yellow tags hanging from all the shelves, well, all of the shelves that weren't dairy, bread or meat, were a pretty good indicator to me that consumers are scaling back food purchases and focussing on "the necessities." 

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#2) On June 24, 2009 at 9:08 AM, alstry (< 20) wrote:


NEW YORK (MarketWatch) -- Monsanto Co. said Wednesday its third-quarter profit slipped 14% on fewer sales of Roundup herbicide as low-cost competition eroded its market share, leading to a reorganization of the company and the dismissal of about 900 employees.

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#3) On June 24, 2009 at 9:32 AM, millionby24 (< 20) wrote:


OP.. fail.

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#4) On June 24, 2009 at 9:46 AM, biotechmgr (< 20) wrote:

And taxes will rise. PA proposing .5% increase. I expect us to be taxed to death in the future to pay for all the idiots.

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#5) On June 24, 2009 at 9:47 AM, farmnut1985 (< 20) wrote:

Thats interesting alstry, for the fact it has been difficult to get generic Roundup the last few years and we actually had to switch back to Roundup.  Difference in price: Roundup:$40+/gal generic Roundup:$11-$15/gal.  For 1,000 acres, that is about $12,000 difference.  It is interesting that this is just now happening as generic roundup has been around for at least 8 years.  Where it hasn't been negative is in fertilizer.

A local company where I am currently living just laid off another 120 employees of its workforce this week that had already had 250 cut from it earlier this year, about a 27% decline in their workforce. 

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#6) On June 24, 2009 at 10:33 AM, jddubya (< 20) wrote:

Nothing to prepare for here.  If you hadn't been spending the last 10 years putting your financial and personal life in order (low debt, enough savings to weather a 6 month or longer job loss, etc - you know, all those things the 'experts' say you should do) then there is NOTHING you can do no matter what the markets (or for that matter, the world) does.  So I'm still puzzled as to what Alstry thinks Alstry can accomplish by posting a ton of blogs.  Blogs that can only raise fear by hammering into those that might read them the end of the world as we know it. 

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#7) On June 24, 2009 at 10:48 AM, millionby24 (< 20) wrote:

Alstrys agenda is just tryin to scare the public, its pretty obvious. Dudes a JOKE

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#8) On June 24, 2009 at 11:51 AM, alstry (< 20) wrote:

Alstry's agenda is to be the BEST, only the BEST, and nothing but the BEST......your score is a JOKE........

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#9) On June 24, 2009 at 12:48 PM, alstry (< 20) wrote:

What does this idiot know???....................;)

SAN FRANCISCO (MarketWatch) -- Berkshire Hathaway Chairman Warren Buffett told CNBC Wednesday that he has trouble seeing so-called green shoots of economic recovery in the U.S. The risk of a collapse in the financial system has past, but "we haven't got the economy moving again," he explained. When asked whether Ben Bernanke should be re-appointed as Federal Reserve Chairman, Buffett said "I don't see how you could do better." He also said the stock market is attractive versus other types of investments over a long-term period such as 10 years. Fixed-dollar investments will be eaten away by inflation over the long term, Buffett added. "We could see a lot of inflation," Buffett warned.

No Green shoots and a lot of inflation.......OUCH!!!!! 10 years is a good time frame in my opinion.

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