KR shorts WILL BURN IN PURGATORY KR shorts WILL BURN IN PURGATORY
KR ... Long-Term Sentiment: Strong Buy
REFERENCE...
https://biz.yahoo.com/prnews/050621/cltu005.html?.v=10
>>> - Kroger repurchased 9.5 million shares of stock at an average price of
$16.06 for a total investment of $153 million. There is approximately
$208 million remaining under the $500 million stock buyback announced
last September. Since January 2000, Kroger has invested $2.9 billion
to repurchase 150.3 million shares -- equivalent to approximately 17%
of the Company. Kroger continues to buy back stock.
- Total debt was $7.5 billion, a reduction of $508.7 million from a year
ago. <<<
$153 million spent on the REPURCHASE PROGRAM in 1Q2005 / 732.5 million outstanding KR shares = $0.2089 or $0.21 per KR share potential to the bottom line if KR shares were being traded at fair value. At fair value the REPURCHASE PROGRAM will be suspended.
Total KR debt reduced by $508.7 million from the year ago period / 732.5 million outstanding KR shares = $0.6945 or $0.69 per KR share potential to the bottom line if and when KR decides to borrow as much as they pay down during the fiscal year.
Kroger hasn't even attempted to cook the books yet. Fair value is $75.00
KR ... Strong Buy ... Fair value is $75.00
My opinions only.
bc4u