Spartan Stores, Inc. (NASDAQ:SPTN)
The Company is a regional grocery distributor and grocery retailer, operating principally in Michigan, Ohio and Indiana.
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Excellent forward p/e in a company with really good fundamentals. A small cap bet. lets see!
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decent numbers, trying to rebuild the franchise, great price right now....
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Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing 7/27 picks (late getting them in this week).
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Solid company going through restructuring and still increasing profits. Spartan will spread to the entire Midwest within a few years.
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Spartan stores is a go for the long run.
Recently they have begun remodeling their stores here in northern michigan. The first prototype store has become very successful, aimed towards a higher income demo with SBUX inside and organic alternatives.
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ibd
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Spartan Stores is a safe stock. It is growing its business organically
and is growing through acquistions. It's retail stores have pharmacies and gas stations. It has a booming wholesale business.
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In hard times people will have to choose between luxury items and items that they will need to live on and as far as i know everyone will need to have groceries.
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I used to work for this company - Spartan is a retail and grocery distributor. When I started, the company's share price was $5.00. At one point in the past year, the price was up to $37.00. I think the company is currently undervalued and has many opportunties for growth. They recently rang the NASDAQ bell due to their achievements in the past five years.
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The share price has been caught in a huge downdraft since the middle of 2007 because of most supermarket stocks that Fears of a recessionary consumer,
rampant food cost inflation, a broader promotional program of Wal-Mart and Tesco.
Overall, Combined with its aggressive acquisition strategy,
growing private label programs, improving perishables and superior store execution Spartan might not be just the best-positioned regional grocer, but in many ways the most immune from the various forces that have driven its
stock downward.
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has yet too see all its potential and latest aquizitions take hold,..
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I work for a company that sells inspirational books to spartan. From all I can see spartan is a solid company that is growing like crazy. They are buying up stores in Michigan at an amazing rate and the spartan brand is very popular up here. (I live in northern Michigan.) They seem to have a quality brand that is still cheaper than name brand products. If they keep this up they will own the market up here.
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New management is in a aggressive growth mode. Limitation to sales is WalMart and Meijer Stores. West Michigan grocery margin is higher than the rest of the state.
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CEO sells stocks? What does he know that we do not? Especialy since the stock is doing well now. SELL!
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I do business with Spartan at the executive level. I have every confidence in the company.
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Good cash flow, makes sound business decisions
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Spartan next price target is $25. As on my analysis of 09/15: http://photos1.blogger.com/blogger/3791/1844/1600/sptn2.jpg
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