Albertsons IPO Looks Good

Albertsons Companies Inc. (NYSE: ACI), one of the largest grocer, is going public this week, offering 66 million secondary shares at an expected price of $18-$20, valuing the company around $9 billion and an enterprise value of $19.0 billion. We believe this is a good price for what is shaping up to be a great company. You have the right to be cautious Now taking a look at a grocery store business when things that are working in the stock market are – bankrupt car rentals, airlines near bankruptcy, SPAC’s…

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