Village Super Market, Inc. (NASDAQ:VLGEA)
The Company operates a chain of 23 ShopRite supermarkets in New Jersey and eastern Pennsylvania. The Company is a member of Wakefern Food Corporation, the retailer-owned food cooperative in the United States.
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A very interesting grocery business. No analysts following the stock, a very strong balance sheet, improving margins, improving ROA and ROE, the business is producing a steadily increasing amount of cash flow, and the bank has been unnecessary to fuel growth. They make large stores, most in the 40,000 - 60,000 sq ft range. On top of that, they've got a very low P/E of 13.68, compared to the industry average of 18.65.
This is a business run by the Sumas family. The chairman and CEO has been with the company since 1955, the president since 1973, the CFO (who's the only non-Sumas on the board of directors) since 1987, the Executive VP's since 1969, 1980, and 1982. So, this is one heck of an experienced management team. The company itself has been around since 1933. They've started paying up a nice dividend recently as well.
They currently operate 23 stores, 16 of them in New Jersey, the rest in eastern PA.
This is a very stable company, has great and improving financials, a low P/E, an incredibly experienced management team and business, and it still hasn't been found by Wall Street. The company has a market cap of $225.58 million.
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Village Supermarkets is a well run New Jersey whole foods supermarket company. Its gone up 20% since I bought it less than a year ago.
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