Every sector has its laggards, and SWY has emerged as one of the industry duds of late.
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Other competitors in the services sector include: Safeway (SWY), Winn-Dixie Stores (WINN), and Ingles Markets, Incorporated (IMKTA).
Safeway ( SWY) has been consistently delivering positives earnings surprises as it continues to grow its margins and the market share.
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Compared to rivals like Kroger ( KR) and Whole Foods ( WFMI), Safeway ( SWY) shares have been getting disrespected by investors.
In the 1990s, Day helped revive Safeway (nyse: SWY - news - people ) while chief financial officer of the company.
"We're going to sell Viansa at Safeway (nyse: SWY - news - people ), " Sebastiani says Shapiro told him. (Shapiro denies making the remark).
While many of these stocks have already begun to elicit their own measure of attention from the market, other grocery stocks, such as Safeway (NYSE: SWY), are still in search of suitors.
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He notes that the stock continues to trade at a discount to its peers, such as Kroger (KR) and Safeway (SWY) based on p-e ratios and price-to-EBITDA (earnings before interest, taxes, depreciation and amortization) multiples.
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Drugstore chains and supermarkets have underperformed, but Kroger (30, KR), Safeway (52, SWY) and Rite Aid Corp. (25, RAD) are probe positions, meaning you buy a little and then add more if GDP growth slows to a trendline of around 2.5%.
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