Albertsons Companies, Inc. (ACI)

[LegitStockFly]

Albertsons Companies is set to rocket upwards on earnings scheduled for 10-20-2020

ACI is a BUY. Here's why, ACI trades at a discount to virtually every company in the grocery business.

1. Same store sales have increased for 10 straight quarters (meaning they were gaining market share even BEFORE Covid)

2. Many people cite debt as a concern, yet fail to mention that under the new CEO (2018) debt has been cut by BILLIONS (with a 'B). It also helps that federal interest rates are at/near 0% and $ACI just restructured some of their remaining long term debt to take advantage of it.

3. The popular PEG ratio used to measure a companies growth vs their earnings multiple currently sits at 0.40. To put that into perspective, a PEG ratio of 1.0 indicates that the price of the stock accurately reflects it's growth rate. 0.5 is considered VERY undervalued.

5. Digital sales for $ACI jumped 274% during the pandemic. ($KR for comparison only jumped 92%)

6. Top executives bought up shares is mid-August around $14.74. Insiders don't buy stock to LOSE money.

7. The current entry price for ACI is $14.26 and this stock could easily jump to $22 on earnings October 20,2020.

Get Jim Cramers take on ACI here ACI Earnings Incoming