A holding company that owns certain real estate properties through its indirect wholly-owned subsidiary, Mayfair Realty, Inc.
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Shh...don't tell anyone about the Arden Group.
The company's main focus since 1951 is owning and operating a chain of high-end specialty grocery stores. However, these aren't your run-of-the-mill grocery stores. Nope, under the Gelson's brand (and one Mayfair store) the company has been delivering nothing less than super premium products and services to discerning customers living mainly in Southern California's super premium locations.
What's the attraction? Market beating under-the-radar growth, dividends, you name it. And now that Whole Foods has gobbled up Wild Oats, Gelson's (Arden) seems a prime candidate to take over that coveted #2 position as the only other premium full-service grocer worth mentioning in Southern California.
However, keep in mind, this is a small cap with a daily volume that is ridiculously low. I've seen daily volume as low as 100. So there isn't much room for stick-and-move with this one. And, like many growth candidates, it is prone to occasional wild swings north and south. But, thankfully, more often north than south.
Hi Monkey,
I see you are one of the few Hidden Gems Fools who also picked ARDNA. I put it on my CAPS list last February, have had a small position since 5/06 and have been watching for a dip below 120 to buy more. It has taken off like a rocket this past week - up over 30 points to close at 161 today. I saw the earnings and dividend reports issued last week, which looked OK, but hardly enough to account for a 30 point jump. Did I miss something? Do you have an idea as to what is going on here?
Well, gee wiz. I had no idea ARDNA was on the Fool's Hidden Gem radar. But I do love following the Hidden Gems news. Found it while looking for Whole Foods alternatives about a year ago and picked it up at under $120, too. Anyway, yeah, not really sure what the pop is all about. But, yes, it does seem unusual considering the just "OK" earnings. Someone on the Yahoo board is warning that a hedge fund is pushing the stock price around by "odd-lotting". Which means that (often) a hedge fund decides to manipulate the price of a low volume stock by buying a few shares (3 or 5 at a time) every few seconds. Apparently it's illegal, but it can move a stock like Arden up or down 15 points. However, while the price pop is a little unfounded, the financials are not out of whack at the current levels. The eps is up nicely and the p/e is only 21 . Which is a little high, but very much inline with the industry and much lower than Whole Foods at 33 p/e.
Dear Monkey,
Thanks for your prompt response. ARDNA was watchlisted by Hidden Gems (though never recommended, as far as I know). The odd-lotting may explain some of the price move.