A Three-Pronged Thesis for Safeway
Anyone who listened to Ben Bernanke’s testimony this morning got an extremely frank rundown on the state of the U.S. consumer. Some tidbits from his testimony:
“Real economic activity in the second quarter appears to have been remarkably resilient; however in the third quarter economic activity appears to have decelerated broadly”
“Real PCE fell in June and [...]
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Safeway impresses with huge cash flow. TheAlphaNinja.com readers unsurprised. (SWY)
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(SWY) Safeway’s Earnings Guidance Disappoints
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