same here, Mariano's is a great set of stores and my feeling is that eventually RNDY's will be 100percent Mariano's....
the stores they sold were the ones that they were wanting to get off the books....not sure they are fully committed to selling the remaining of them so quickly in that there is still pretty good revs coming from them....
this has been beat down by the fact that they used much assets and loans to open the many Mariano's....
these last 2 quarterlys, it seems that Mariano's is finally starting to pay off and turn it around....
this last bit of news was a little surprise where they added 3.5million more shares in an offering...which is why it came down to these levels is what I am thinking.....
now we are in way oversold territory, at this moment, I am dollar cost averaging and taking advantage of these low prices...everytime I walk into Mariano's and shake my head in disbelief that the stock is only trading in the 3's...to me this is absolute crazy to be in the 3's with such a quality operation.....
im feeling it simply needs more time to prove what it can do....
good luck!
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