SUPERVALU (SVU) is a stock long looked upon with pessimism. So far, the grocery chain is down 70% for the year, though this week, the stock came up 16% on the news that a private equity firm may buy a couple of its largest chains before the year's end. Is this the sign of a company on the mend? In this video, Motley Fool analyst John Reeves tells us why the company's huge amount of debt, among other things, means he isn't changing his view on this company one bit.
SUPERVALU has long been a stock where the bears outnumber the bulls, but does its 16% upswing this week fundamentally change that story?
John Reeves has no positions in the stocks mentioned above. The Motley Fool owns shares of Supervalu. Motley Fool newsletter services recommend Supervalu. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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