Roundy's, Inc. (RNDY)

[Donotunderstand]

So with stories about investment firms saying Kroger will regret buying RNDY for 3.60

It trades at 3.61 ?

hhmm

I did sell half (or a bit more) at 3.59-3.60 and figures I would hold the other half - at leas

[Donotunderstand]

So with stories about investment firms saying Kroger will regret buying RNDY for 3.60

It trades at 3.61 ?

hhmm

I did sell half (or a bit more) at 3.59-3.60 and figures I would hold the other half - at least for a while

[Donotunderstand]

if this is a bad deal (and I do not know) - then a better bid will arrive - it is a free market and other chains can appraise the WI situation and the Mariano's potential

[smoking cohiba]

this is a bad deal for Roundy shareholders

[paulieman20]

Counter offer would be real nice! Debt or not... I feel that it's worth way more then that!

[Donotunderstand]

171 and absorption of a TON of debt

some debt was for new buildings and Marianos etc

but some debt was for losing years and getting out of crappy locations

If you prefer think of it as 800 million

Now will there be a counter offer - I hope so and as noted will hold half for such - maybe at 5 bucks? (total guess and hope - it is not likely)

[Donotunderstand]

Folks

about once every two months the stock ran up and the "news" was a potential take out

I wanted this but two dollars higher

but - I made a bunch and a half today and that is cool

as noted sold half - will hold half for a competing bid

(as Kroger buy Marianos will close off Chicago IMO)

[paulieman20]

Longs? Ha! My average is $5.50 I had this for 2 years!.... This deal sucks... There better be another bid! 171 million for the company is insane...

[AXE_EVERYTHING]

haha, me either but ILL take it !!!! :)

[ofspring]

Merger ???? Shit never saw that coming bravo to longs here...

[Donotunderstand]

With when I first started - this is about even

I likely will sell half and see if anyone steps in to bid - as the Mariano's locations and approach should win big time if there is some capital behind it

(and like Korger - if there is another chain that can come in to WI with their scale -- ....)

Maybe a 10% chance of any sort of bidding war - and maybe a $5 cap to the PPS (as any buyer is buying a ton of debt) - but why not sell half before this deal may go south and hold the other half for a while

[paulieman20]

Kroger buying for 3.60 a share.

[bullrider2]

Nice morning pop on news.

[Donotunderstand]

November 11 is Earnings news date per nasdaq if I read it right

[chilar4567]

a day or so ago there was a downgrade on RNDY debt> or credit rating, I don't recall which. Personally, I'm long with Nov & Dec call options sold. Not much premium left so just have to wait out the time left.

[Donotunderstand]

ystdy after hours ?

and this AM

same buyer?

smart?

dumb?

[Donotunderstand]

news?

rumors?


one buyer (price not that high- easy to accumulate a bunch)

?

[fuzzy]

No news I can find either,,,,,hmmmmmmmmmmmm

[Donotunderstand]

So with what appears to be some volume - RNDY moves up in the last 45 minutes?

one buyer?

news I do not see?

[fuzzy]

Looking for a pick-up in volume......

[AXE_EVERYTHING]

really liking chart formation today...hopefully we close strong here and perhaps see a potential $3 break at some point tomorrow or next week.....

[AXE_EVERYTHING]

now 50ma is at 2.64, we still holding tough here

[AXE_EVERYTHING]

2.76 is 50ma, we may see that soon here, i like how she is holding tough on a down market day....

[ofspring]

A little info on HyVee and what there going to try to do in the cities here... Good thing Roundys pull out of the cities. Cubs are going to have hell of time with this stiff competition soon.... One down the road from me opening up soon...

Hy-Vee has aggressive growth plan for Twin Cities market


http://m.startribune.com/business/316143931.html

[ofspring]

I think roundys needs to come back to Minnesota and check out the monopoly in St. Cloud 2 cubs closed there need some competition before HyVee comes to town...

[chilar4567]

went to bank yesterday. Bidding below close again today. Love this puppy.

[chilar4567]

at open picked up 3K @ 2.05.

[chilar4567]

Have buy orders resting below current pps to accumulate on a scale down. I like this potential very much.

[ofspring]

Yeah the markets took a beating today hopefully tomorrow for a good start next week up...

[AXE_EVERYTHING]

i spoke too soon earlier, she held pretty good for a while, but the overall market got many people today ! :)

[AXE_EVERYTHING]

yup, oil goes down and food prices go down very soon after oil goes down.....

[ofspring]

Another day pounding in the markets due to cheap oil imo.. But I really think the grocery will do well because its cheap... Trucking it cheap customers always look for good deals when customers feel good they spend more... good for grocery. .

[AXE_EVERYTHING]

yes man!!! i like it a lot! :) pounding those shortys down!!! think this fall season is going to blast to new recent highs and fill that gap in the 4's...hope so !!!

Bob Mariano is a man on a mission....been in this game for years and years....Dominicks didnt listen to him and here he is leading a movement in the midwest.....gonna get real, real soon I feel !!!!

[ofspring]

3 days straight up RNDY...

[AXE_EVERYTHING]

YES - DOW is GETTING CRUSHED - but RNDY up 3percent - LETS DO THIS!!!!!

[ofspring]

Grocery is bouncing back .. Looks good here imo..

[chilar4567]

Sales increasing, losses decreasing this looks very playable. Will be in the game. GLTA

[ofspring]

Yep i think your right on the money...

[AXE_EVERYTHING]

gaps needs to be filled and we have a nice gap to be filled here

as you can see at $3.84, we need to stretch back up that way and fill that entire gap....the high end of that gap is 4.50....

between now and the end of the year, if we continue these strong quarters of beating targets, my feeling is we can do it!!! hope so !

[Donotunderstand]

yes not a chartist but gaps are not friends 99% of the time

[AXE_EVERYTHING]

there it is, we took out the 2.53 and we also took out the High of the Day which was breaking through that 2.58 - which we hit the 2.59....

and now she pulls back a little....

next area to break is the 2.60 now....

[AXE_EVERYTHING]

next resistance is right here at 2.53....if we break it, then we need to take out that Hight of Day test at 2.58....

if she works her way back to the 2.80.....this could see $3 break soon, perhaps by Monday or Tuesday....

i like how the market reacted to the news, I also like how we gave some back yesterday....and now I am liking this gradual move up where it gapped before.....

looking nice so far....

[Donotunderstand]

not a chartist

but when there is volume

this stock tends to move in five cent steps

I do not have the B and A --- is it a four-six cent spread?

thanks

[AXE_EVERYTHING]

there we go, shot up 6 cents right after that 2.48 break.....

this is great !!!!

[AXE_EVERYTHING]

they stacking it right now on 2.48

i think its a big shorter trying to hold it down because it is a big stack

if it breaks through, we can see possible squeeze perhaps....

[ofspring]

Resistance maybe tough there iam still new here I will scan the chart a few hrs...

[ofspring]

My bad just scanned that moment of time. ..

[AXE_EVERYTHING]

the ask is getting stacked hard, not sure if it is fake or not...we break through this 2.48/2.49/2.50...i think we have a solid chance for $3......

[Donotunderstand]

Double in net sales?

What ? Where ?

[AXE_EVERYTHING]

its good that we closed above that 2.40 level though...i would have liked for us to stay above it, but at least it closed above it...