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Sunday, October 18, 2020 11:47:06 AM
Not only have they done extremely well as their Q1 earnings prove they were recently awarded Grocery retailer of the year by Supermarket News on July 09 and again on October 16 by Store Brand Magazine.
In addition to their recent awards Albertsons bought an entire group of stores from a bankrupt east coast chain, and then declared a dividend. All within a week. Albertsons said its "strong and consistent levels of free cash flow" allows it to pay out the dividend. Albertsons 2020 has been adding consistent growth and investor value at a record breaking pace.
For those that haven't already done their Due Diligence on Albertsons Companies, they have increased same-store sales for 10 straight quarters. Yes, even before covid-19. If anything, they have only benefited from the national safety protocols that were put in place along with non-essential business closures, as they were seen as an essential business. Even work from home implementation by thousands of businesses has donated quite heavily to Albertsons Companies bottom line, and as of today it appears they will continue to do so well into 2021.
Forbes has recently stated that Coronavirus has permanently disrupted grocery retail, but in a positive way. The United States Census Bureau just released their Advanced Monthly Sales for Retail and Food Services report report which shows and verifies sales just continue to rise. FOR RELEASE AT 8:30 AM EDT, FRIDAY, OCTOBER 16, 2020
Not only are grocery store chains preparing for a 2nd wave of pandemic shopping now, but according to new data from Lendingtree American consumers’ average weekly grocery spending has increased by 17% since pre-pandemic times, up from $163 to $190.
Some Grocers report they're starting to see round two of panic shopping reported October 16.
“As of now what we are seeing is the start of the second wave of panic,” said Chris Mentzer, the director of operations for Rastelli Market Fresh in New Jersey. “Our customers keep telling me how they are looking for any type of freezer to purchase so they can start stocking up their homes now. Their main concern is meat." He explained that customers are mainly looking to buy and freeze beef and poultry — ground beef, steaks, roasts and all varieties of chicken.
"They're also starting to buy a lot of frozen meals and frozen pizzas," said Mentzer. "We are seeing anything that can be microwaved quickly or easily made in the oven for kids, fly off the shelves, as people are preparing for schools and colleges to be closed this winter — along with a run on dried goods and paper goods, as well.” Grocers are all too familiar with the increased sales of the upcoming holiday seasons, but when coupled with panic pandemic buying the demand on Grocers to keep adequate supply will be immense.
ACI seems to be prepared to benefit and prosper from the insane demands well into 2021. Remember, Albertsons 2020 is not the same company as they were in 2015 or even 2018. Under their new CEO debt has been reduced by Billions of dollars, that's with a (B), and by restructuring their long term debts while federal interest was at /near zero percent they have become a much leaner, and even more efficient company.
The current PEG ratio that is very popular and most referred to when measuring a company's growth tells a story of huge potential for ACI 2020 investors. With a PEG at 0.40 it's clear that the unnoticed stock is extremely undervalued. For perspective sake, if a company's PEG ratio is 1.0 that would indicate that the price of the stock accurately reflects its growth. So a PEG of 0.50 would indicate an extreme undervalue on share price. Yet, as stated above, ACI has a PEG of 0.40. It's well known that ACI shares are hugely discounted and it's even been reported that Albertsons is called an undervalued sleeper by BofA.
Couple all the recent positive catalysts with the fact that Albertsons Companies has seen sales rise over 20% in Q1 and a 275% jump in digital sales since Covid-19 and one can only assume that their earnings report scheduled for October 20, 2020 will be positive. Many investors have either completely overlooked ACI in their chase for the next EV stock to pop or have not done any due diligence on Albertsons Companies of 2020. However, Attentive Investors and Insiders seem to be certain that the path upwards for ACI is coming fast and the potential for $20 plus share price is not only obvious but long overdue.
Reports are indicating that there were more than several insider trading activities at ACI including Sankaran Vivek, who purchased 25,000 shares at the price of $14.74 back on Aug 14 two weeks after the Q1 results on July 27. He seems to be very confident in the fact that shares are still heavily undervalued and will move upwards to a fair value soon. Sankaran Vivek now owns 1,961,782 shares of Albertsons Companies Inc.
The consensus price target by 18 Analysts is $19.38. The high price target is $26.00. From today's entry price of $14.26 a share, this could be a very lucrative opportunity for the increasingly attentive investors that have done their homework on the Albertsons of 2020.
Recent ACI News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 09:30:04 PM
- Albertsons Companies Announces Common Stock Dividend • Business Wire • 07/11/2024 01:00:00 PM
- Microsoft and Apple Exit OpenAI Board, TSMC Exceeds Forecasts with Record Revenue, and Other Key Updates • IH Market News • 07/10/2024 10:42:17 AM
- Albertsons Companies to Release First Quarter Fiscal 2024 Earnings on July 23, 2024 • Business Wire • 07/09/2024 08:00:00 PM
- Grubhub Partners with Albertsons Companies for Nationwide Grocery Delivery • PR Newswire (US) • 06/25/2024 01:00:00 PM
- Albertsons Media Collective Launches Collective TV - Powered by First-Party Data, Closed-Loop Measurement, Shoppable Ads and Premium Inventory • Business Wire • 06/13/2024 01:00:00 PM
- Leading Nonprofits Join Albertsons Companies Foundation in a First-of-Its-Kind Initiative to Tackle Summer Hunger Among Children in the U.S. • Business Wire • 06/12/2024 01:00:00 PM
- Albertsons Media Collective Partners with Rokt to Extend Its Retail Media Ecosystem, Adds Non-Endemic Ads Across Its Portfolio of Brands • PR Newswire (US) • 06/07/2024 02:30:00 PM
- Albertsons Companies Foundation Celebrates a Decade of Fighting Hunger and $297 Million Raised with Nourishing Neighbors Program • Business Wire • 06/06/2024 03:50:00 PM
- Albertsons Companies and Uber Partner Together to Deliver Surplus Food to Neighbors in Need • Business Wire • 06/04/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 12:06:56 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 12:06:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 12:04:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:54:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:52:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:50:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:48:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:47:03 PM
- Albertsons Companies Wins ‘People’s Voice’ Webby Award for Best Shopping and Retail App • Business Wire • 04/30/2024 02:29:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Updated and Expanded Divestiture Plan • PR Newswire (US) • 04/22/2024 12:30:00 PM
- Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results • Business Wire • 04/22/2024 12:30:00 PM
- U.S. Index Futures Surge While Wall Street Eyes Rebound on Earnings Focus, Oil Prices Slip • IH Market News • 04/22/2024 12:09:47 PM
- Albertsons Companies Announces Common Stock Dividend • Business Wire • 04/11/2024 01:00:00 PM
- Albertsons Companies Unveils Simplified “for U” Loyalty Program Enhancing Member Experience to Provide Even Greater Value • Business Wire • 04/03/2024 05:00:00 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM