Epiphany Investing

Searching Out the Optimal Portfolio of “Revelation” Stocks

Safeway Announces 2009 Guidance; Free Cash Flow to Grow (SWY)

Grocery store operator Safeway (SWY) is holding analyst meetings today, and in conjunction have put out fiscal 2009 guidance of $2.34 - $2.44 EPS, versus Reuters estimates for $2.37.
Capex will be heading lower by $400 million to $1.2 billion in 2009, and thanks to prior cost-cutting efforts, free cash flow should nearly double to $1 [...]

Safeway Brings Some Sanity Back to Expectations (SWY)

Safeway (SWY) breaks the consumer ice by essentially hitting targets of $.47 EPS and $10.2B sales (versus consensus of $.45 and $10.1B). Revenues were up 4% year-over-year, about the same as net earnings. My earlier thesis for the grocer highlights why I think this is a stock to overweight in this environment, not underweight as [...]

Safeway Down Big on Curious Volumes (SWY)

I have been a big fan of Safeway (NYSE: SWY) in the grocer space, and was surprised to see shares down 7% this morning on apparently no news. An AP wire just hit announcing a downgrade from Morgan, who puts the new price target at $22 along with an “Underweight” rating. Options activity was heavy, [...]