Replies to post #356 on Kroger (KR)

[mick]

Kroger Co (KR)
32.08 ? -0.18 (-0.56%)
Volume: 11,010,168 @06/15/20 7:10:55 PM EDT
Bid Ask Day's Range
- - 31.52 - 32.66
KR Detailed Quote

[Nebuchadnezzar]

KR consensus EPS of $2.74 for full year gives KR a PE of 11.5 at $31.50

even low end of $2.30 x 11.5 is $26.45

Kroger is obviously trading at a low PE multiple and way below historical average of S&P 500.

$2.30 x 15 is $34.50
x 16 is $36.80
x 18 is $41.40

$2.74 x 15 is $41.10
x 16 is $43.84
x 18 is $49.32

.64 dividend on roughly 780,000,000 shares

they should keep the dividend wear it is until they buy back another 50-100 million shares

imo, I think KR is a $50 stock in not too distant future

[Nebuchadnezzar]

Just accumulate under $32.

If the market pushes KR back under $30, load up!! I'll be putting another$25000-$35000 into KR over the next few months.

It will act as a great hedge against the coming correction