It was a hairy deal. It had four different moving parts, so you can imagine the concern. I think 26 became less attractive given the extra risks.
More Quotes from David Dietze:
Current management failed to come up with a winning strategy to fend off the competition at the low end with Wal-Mart and at the high end. There is no strategy other than cutting costs.David Dietze
When the average investor wants to know how the market is doing, they're asking how the Dow is doing.
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People were looking for a quick 26 and to go home, and now there is that uncertainty. Will they be able to find a new set of players
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This is not what Larry Johnston envisioned when he took on the job, but amid relentless competition there was just a very long path to profitability.
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This deal would really vault Supervalu into the big time. It will significantly increase the scale of Supervalu.
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