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GAPTQ = GAJTQ (according to Scottrade)
So what, is this one gone? or trading is just halted?
It emerged out of bankruptcy as a private company so the shares are discontinued :( Everyones money is gone.
GAPTQ: Plan of Bankruptcy effective. Shares have been cancelled. Deletion time: 9:47:57 **
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/14/2012&mkt_ctg=NON-OTCBB
So now their a private company, is this stock toast? guess we find out in the morning
Great Atlantic & Pacific Tea Co. (GAPTQ) --the grocery chain better known as A&P--emerged from Chapter 11 as a privately held company, ending a more than one-year stint in bankruptcy court.
Had some covering 2 days ago perhaps more to come imo.
$GAPTQ ~ Buy-ins ~ Naked Short List! In Charts and links! for March. 7th 2012 - Daily and Weekly views.
Chart results for you to ponder with me.. Certain charts may be reposted while on the Buy-ins website, Click next or previous at the top of the page to see my others.
~ Barchart: http://barchart.com/quotes/stocks/GAPTQ?
~ OTC Markets: http://www.otcmarkets.com/stock/GAPTQ/company-info
~ Google Finance: http://www.google.com/finance?q=GAPTQ
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GAPTQ#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GAPTQ+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GAPTQ
Finviz: http://finviz.com/quote.ashx?t=GAPTQ
~ BusyStock: http://busystock.com/i.php?s=GAPTQ&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=GAPTQ&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=GAPTQ
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=GAPTQ
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=GAPTQ
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=GAPTQ
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GAPTQ
~ MarketWatch: http://www.marketwatch.com/investing/stock/GAPTQ/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=GAPTQ
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ&size=l&frequency=60&color=g
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Twitter: @MACDgyver ---> GAPTQ <---
$GAPTQ ~ Buy-ins ~ Naked Short List! In Charts and links! for Feb. 14th 2012 - Daily and Weekly views.
Chart results for you to ponder with me.. Certain charts may be reposted while on the Buy-ins website, Click next or previous at the top of the page to see my others.
~ Barchart: http://barchart.com/quotes/stocks/GAPTQ?
~ OTC Markets: http://www.otcmarkets.com/stock/GAPTQ/company-info
~ Google Finance: http://www.google.com/finance?q=GAPTQ
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GAPTQ#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GAPTQ+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GAPTQ
Finviz: http://finviz.com/quote.ashx?t=GAPTQ
~ BusyStock: http://busystock.com/i.php?s=GAPTQ&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=GAPTQ&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=GAPTQ
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=GAPTQ
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=GAPTQ
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=GAPTQ
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GAPTQ
~ MarketWatch: http://www.marketwatch.com/investing/stock/GAPTQ/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=GAPTQ
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=GAPTQ&size=l&frequency=60&color=g
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=GAPTQ&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Twitter: @MACDgyver ---> GAPTQ <---
Not today. Not ever.
Unsecured creditors are only getting pennies on the dollar.
Are shareholders in the money? just found this case and need more info. TIA
Notice of Continuation of Confirmation Hearing (2/13/12)
The hearings will continue on 2/16/12 at 2:00.
Source: KCC [Docket 3399]
No, I'm not watching it. I've forgotten all about it. I see it's done quite well since the first of the year. GAPTQ
TJ...you still watching ths one? Been watching her move ever since she got her tier upgrade about a month ago. Volume continues to expand and she's trending in the right direction. Thinking it sould be a good couple weeks here.
GAPTQ
Notice of Adjournment of Confirmation Hearing (2/09/12)
It was originally scheduled to continue on 2/09/12 at 2:00.
http://www.kccllc.net/documents/1024549/1024549120209000000000001.pdf
A&P Confirmation Hearing Begins As Company Sorts Objections (2/06/12)
WHITE PLAINS, N.Y. -(Dow Jones)- Great Atlantic & Pacific Tea Co. (GAPTQ) on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others.
Judge Robert D. Drain of the U.S. Bankruptcy Court in White Plains, N.Y., shot down an argument from a pension fund that represents employees of A&P-owned Super Fresh Food Markets Inc. and that thinks its claim of at least $73 million should be treated better.
Drain told lawyers for the pension fund that he couldn't approve their request to allow the bankruptcy to be confirmed without dealing with the claim, citing the risk that a group led by supermarket mogul Ron Burkle's Yucaipa Cos. could walk away from the $490 million debt and equity financing that forms the backbone of A&P's bankruptcy exit.
"I have unrebutted testimony that the debtor will likely face liquidation" if the investment commitment falls apart, Drain said, emphasizing the risk that holding up the case could trigger a clause that allows the Burkle group to walk away.
Testifying earlier Monday, Lazard Ltd. (LAZ) managing director Stephen Goldstein said that his time working with A&P has led him to believe that without the Burkle money, "clearly there would be no prospects for organization."
Dina Gielchinski, a lawyer for a creditor called Riverside Claims LLC that thinks some elements of the plan treat it unfairly, grilled Goldstein about whether in his experience at Lazard a company is better off being subject to a bidding war or, in the alternative, "collusion." Drain at that point cut off Gielchinski, whose group argues against a piece of the plan that "substantively consolidates" the case, in other words paying unrelated creditors from one pool of money.
The hearing is scheduled to continue Tuesday after a Monday filled with the settling of several objections.
One of those parties, Grocery Haulers Inc., agreed to change their vote on A&P's plan to "yes" after previously voting it down. Still, several objections remain, including ones from investment firms, unions and others.
If approved by Drain, A&P's plan will repay secured lenders in full, with about $40 million left over for the unsecured creditors. Ownership interests in A&P would be canceled, and shareholders wouldn't receive any payment under the plan.
The plan also maintains 34 new collective-bargaining agreements A&P struck with the United Food and Commercial Workers International Union and about a dozen of its local unions late last year. A&P said the "myriad changes" to wages, benefits and working conditions in the agreements help it slash costs and position it to emerge from bankruptcy "as a leaner, more cost-competitive grocer."
Since it filed for bankruptcy protection Dec. 12, 2010, the Montvale, N.J., company has shed some stores and also cut by 5,000 its work force, which stood at around 40,000 the day it filed. The company has also renegotiated those union contracts and reworked leases at some of the stores it plans to keep open.
Drain last month approved a $750 million exit financing package for A&P from J.P. Morgan Chase and Credit Suisse.
Aside from A&P and Super Fresh, A&P operates Waldbaum's, Food Emporium and Pathmark stores. The company started in 1859 with one store on the corner of Vesey and Church streets in Lower Manhattan.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
Copyright © 2012 Dow Jones Newswires
Confirmation Hearing begins 2/06/12 at 10:00.
It is currently scheduled to continue on 2/07/12.
Amazingly enough there are those who continue to trade this in the face of certain cancellation. Are they brave...are they foolish...or are they foolishly brave??
Under the current plan put forth by the debtor you have to ask yourself one question and that would be - How on earth does my equity stake survive when Senior Unsecured debt holders are getting back six cents on the dollar?
DEBTORS’ DISCLOSURE STATEMENT FOR THE DEBTORS’ JOINT PLAN OF REORGANIZATION PURSUANT TO CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE
Document 2867
13. Class M — Interests in A&P
a. Classification: Class M consists of all Interests in A&P.
b. Treatment: Holders of Allowed Class M Interests shall not receive any distributions on account of such Allowed Class M Interests. On the Effective Date, all Class M Interests shall be canceled and extinguished.
c. Voting: Class M is Impaired, and holders of Allowed Class M Interests are deemed to have rejected the Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore, holders of Allowed Class M Interests are not entitled to vote to accept or reject the Plan.
http://www.kccllc.net/documents/1024549/1024549111114000000000011.pdf
GAPTQ Today's and Friday's trading gives a whole new meaning to the expression, "the bottom is falling out." Jeez!!
Any chance this turns into a bounce play?
exlud, although it's not technically/officially over for the commons this latest plan set forth by the unsecured creditors will seal the fate of common shares. i.e ...they're toast.
The agreement with these investors will enable A&P to complete the restructuring of its balance sheet and emerge from Chapter 11 as a private entity in early 2012. The investment will form the basis of A&P’s plan of reorganization, which the Company anticipates filing prior to November 14.
http://ih.advfn.com/p.php?pid=nmona&article=49801460
It would seem from the trading Friday that commons will probably receive nothing here, much like Eddie Bauer. Has anyone seen anything that explicitly states what the fate of the commons will be here or is this all speculation at this point?
GAPTQ Receives $490 Million Commitment to Sponsor Plan (11/03/11)
Agreement with The Yucaipa Companies, Mount Kellett and Investment Funds Managed by Goldman Sachs Asset Management Positions A&P to Exit Chapter 11 as a Private Company in Early 2012
MONTVALE, N.J.--(BUSINESS WIRE)--The Great Atlantic & Pacific Tea Company, Inc. (A&P) today announced it has entered into an agreement to receive $490 million of debt and equity financing from private investors comprised of The Yucaipa Companies LLC, Mount Kellett Capital Management LP and investment funds managed by Goldman Sachs Asset Management, L.P. The agreement is subject to approval of the U.S. Bankruptcy Court for the Southern District of New York.
The agreement with these investors will enable A&P to complete the restructuring of its balance sheet and emerge from Chapter 11 as a private entity in early 2012. The investment will form the basis of A&P’s plan of reorganization, which the Company anticipates filing prior to November 14.
“This investment commitment is a very important step in A&P’s financial and operational turnaround,” said A&P’s President and Chief Executive Officer Sam Martin. “It positions us for a bright future with solid financial backing from sophisticated investors who know our company and industry well, and who also share our vision for A&P’s future.”
Mr. Martin continued: “We have been working diligently over the last year to execute a successful turnaround at A&P by enhancing the value and in-store experience we provide to our customers and by successfully driving substantial efficiencies across our operations and supply chain to reduce our cost structure. Going forward, these investors are committed to supporting further operational and service improvements. With this fresh capital investment and the Court’s approval of our plan of reorganization, we anticipate emerging from Chapter 11 early next year in a much stronger competitive and financial position.”
Following the closing of the transaction and the Company’s emergence from Chapter 11, A&P’s current Board of Directors will be dissolved, and a new Board of Directors will be appointed in accordance with the terms of the plan of reorganization.
During the Company’s exit process, A&P intends to continue to operate its stores normally with the excellent products and service customers expect.
A&P and its subsidiaries filed voluntary Chapter 11 petitions on December 12, 2010.
About A&P
Founded in 1859, A&P is one of the nation's first supermarket chains. The Company operates 336 stores in seven states under the following trade names: A&P, Waldbaum's, Pathmark, Best Cellars, The Food Emporium, Super Foodmart, Superfresh and Food Basics.
Contacts
A&P Press:
Marcy Connor, 201-571-4453
apmedia@aptea.com
http://www.businesswire.com/news/home/20111103007207/en/AP-Receives-490-Million-Commitment-Sponsor-Plan
Musical chairs time. see who still has a position when it stops trading. glta
Going private? Huh?
gaptq looking to go private ,WOW,
This is starting to see some action here near resistance. This could come to life and run hard.
http://onlycharts.com/2011/10/18/gaptq-starting-to-test-key-resistance/
Wake up people! Heavy volume and positive price action today, closed above the 50 MA. Could be a Q runner coming up.
http://onlycharts.com/
"The truth is true, the real true is the truth"....I believe
Thankfully I was able to get rid of the ones I had @ 1.10
GLTA. better options elsewhere.
Did you get all the shares you needed?
Tengelmann expects to exit A&P in bankruptcy process
http://newsandinsight.thomsonreuters.com/Bankruptcy/News/2011/07_-_July/Tengelmann_expects_to_exit_A_P_in_bankruptcy_process/
Tengelmann, which owns about 38 percent of A&P, said last year it expected the company to be combined with another retailer in the long term.
It has now fully written off the value of its stake in A&P.
glta
All unions related to A & P could be on strike soon. Does not look good for the employees or the company.
Let's see if the bankruptsy judge ignores the constitution and goes against the employees to have a right to collectively bargain.
Since almost every position is union it would be hard to fathom how they can remain open without employees.
The judge should have kept his morales intact and stuck to his guns and held back those executive bonuses until deals were worked out with the union employees.
Glta better options elsewhere.
New Live Better Baby Club Program Offers Instant Discounts to Shoppers at All A&P, Pathmark, Superfresh, Waldbaum’s and The Food Emporium Stores
| 3:59 PM | |
MONTVALE, N.J.--(BUSINESS WIRE)--The Great Atlantic & Pacific Tea Company, Inc. (A&P, OTC: GAPTQ) today announced the launch of a new program to help customers save on their baby-related purchases. Members of the Live Better Baby Club will receive an automatic 10 percent discount on baby products every time they shop at A&P, Pathmark, Superfresh, Waldbaum’s and The Food Emporium stores. To become a member, all customers have to do is enroll online at www.livebetterbaby.net, sign up i
Attachment: ViewMedia (2.0 KB)
Related News: Similar Content http://feeds.businesswire.com/click.phdo?i=fe3300cb510fe805aadfe9d04411a9b1#rssowlmlink
A&P/PATHMARK UPDATE: Niccollai Discusses Key Areas of Union/Company Term Sheet Review
http://www.ufcw464a.org/node/906
"Niccollai stated that everyone should be cognizant of the fact that the Bankruptcy Court has the authority, under Section 1113, to throw out the Union Contract under certain conditions, in the event that efforts to reach agreement fail. "
Starting to look like the Bankruptcy judge got his asking price.
That could be a good or bad thing that it did not get filled.
If they keep the shares then good for you. If not then the shares are virtual toilet paper.
GLTA Go $HNSS $STTN $RXII GAPTQ?
Awesome. Looking forward to it. By the way, I had an buy order yesterday on the Ask and it never got filled.
I could be mistaken but I think today will be the last trading day before we find out about the future of the shares.
Monday market is closed and Tuesday they have the creditors meeting.
Rub those lottery tickets for good luck. If they stick around could have some quick value. If not then write-off city.
Everything posted here is imo.
GLTA
I received a couple letters from them. Last one was an announcement to creditors and May 31. I think everyone will know if the future of the common stock has one. all imo of course. glta
go hnss sttn gaptq?
how many of you got a letter from GAPTQ about registering to vote.
FILING DETAIL
Great Atlantic & Pacific Tea Co Inc [GAJTQ]
files SEC Form 8-K 5/10/2011 1:53:07 PM
This filing alert is based on your alert:
Great Atlantic & Pacific Tea Co Inc : All Form Types
It's a long one.
I agree it should be interesting.
June they will be annoucing the next round of store closings.
August is when the book officially closes on this bankruptsy. That will give then a few months to try and sell these stores that they recently announced they were trying to sell.
I wonder if these shares will still be around after August.
Everything here is my opinion.
Glta better options out there for trade. Imo
Gonna get real interesting here, add this gem to your portfolio!!!!
Superfresh stores in Md. to be sold
April 13, 2011
By Daily Record Staff
The parent company of Superfresh said Wednesday it wants to sell nearly all of its stores in Maryland as part of its plan to emerge from bankruptcy.
The Great Atlantic & Pacific Tea Company Inc. said in a release that it is seeking court approval of bidding procedures to market and sell 25 Superfresh stores, including 22 in Maryland, two in Delaware and one in the District of Columbia. The company said it expected to complete the sales by mid-June.
“As part of our ongoing review of our store footprint, we determined that these 25 Superfresh locations are outside A&P’s core market,” A&P President and CEO Sam Martin said in the release. “While the decision to put these non-core stores up for sale will unfortunately impact some of our customers, partners, communities and associates, this is a necessary step in our efforts to restore the company to long-term financial health.”
The company said its stores on the Eastern Shore would not be put up for sale.
http://thedailyrecord.com/2011/04/13/superfresh-stores-in-md-to-be-sold/
Isn't this due for a run? Bollinger bands are practically touching.
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The Great Atlantic & Pacific Tea Co. Inc.
2 Paragon Drive
Montvale, NJ 07645
Phone: 201-573-9700
Fax: 201-930-4079
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