Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So What: The grocery company reported a hairy quarterly net loss and plunging sales last week, and also lowered its earnings guidance for 2011. This company's much-needed turnaround is going nowhere fast, and there's no news today to give investors a more bullish outlook.
Now What: Investors should steer clear of SUPERVALU. It competes with scores of formidable rivals including Safeway
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