Why SUPERVALU Shares Skyrocketed Today
Oct 22nd 2012 9:30PM
Updated Oct 22nd 2012 9:44PM
Today, Fool.com analysts Isaac Pino and Blake Bos review the huge news surrounding the surge in SUPERVALU's shares.
Isaac and Blake attribute the pop to news that Cerberus is looking at SUPERVALU as a leveraged buyout target. The favorable rumors, coupled with the huge short-interest here, makes for a quintessential short squeeze.
While this may have finally been the good news that SUPERVALU shareholders were waiting for, Blake suggests they take the money and run. Hanging on to shares at this point is still a dicey proposition and far from a guaranteed success.
Instead, we recommend strong performers like the 3 Companies Ready to Rule Retail. One of them is even a grocer, but its future is far brighter than SUPERVALU's. You can uncover these top picks is free today -- just click here to read more.
The article Why SUPERVALU Shares Skyrocketed Today originally appeared on Fool.com.Blake Bos and Isaac Pino have no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com and SUPERVALU. Motley Fool newsletter services recommend Amazon.com, SUPERVALU, and Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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