Cramer's Grocery Chains
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Date updated:04-23-2007
Cramer has always liked attending conferences because there was a chance he would stumble inot a good story about a good company he didn't know beforehand.
A few weeks ago he went to the Bank of America conference to speak and stumbled into the Supervalu presentation. He hadn't looked at it for years and came away liking it.
"We tend not to think there's that much growth in this sleepy industry. That's wrong."
-
SVU
Supervalu Inc - $14.26
- -0.28%
- $14.31
"I know that stock was up a lot going into the quarter, but you have at least another year's worth of similar growth off of Wal-Mart's fall and Albertsons rebirth."
-
KR
Kroger Co - $22.70
- -0.83%
- $23.01
" I know Kroger hit a 52-week-high yesterday, but that's not done going up."
-
SWY
Safeway Stores In - $22.47
- -1.23%
- $22.77
Safeway is "not finished going up either".
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