Bradlees Inc
Article Abstract:
Bradlees Inc purchased one million shares of its stock and gave its former parent Stop and Shop Cos the whole $133 million proceeds from its 11 million initial public offering last Jul 1, 1992. Analyst Jeffrey Edelman noted that many of Bradlees' stores are poorly maintained despite their satisfactory locations. The weak speculations on the firm are also due to Wal-Mart's eventual presence in the Northeastern market. The stock is still less than its initial offering price despite Standard and Poor's relatively good rating.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Kroger Co
Article Abstract:
Kroger Co registered badly after an Aug 18 disclosure that it would just break even for the third quarter of 1992 because of stiff competition and labor problems. Analysts had also anticipated a drop in earnings. Kroger ranked third among the largest companies involved in largest insider purchases. VP David Dillon increased his shares of 13 3/4% by 13,417 shares. Another subsidiary officer Lorrence T. Kellar bought 5,000 shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Great Atlantic & Pacific Tea Company, Inc
Article Abstract:
Great Atlantic and Pacific Tea Company Inc reported a stock price of $3.25 for the Feb 7, 1992 trading week. The stock price estimate of the company for the fiscal year beginning Mar 1, 1992 has been placed between $2.50-$3, an amount much greater than the $1.75-$1.80 estimate for the fiscal year ending Feb 29, 1992. The supermarket chain has been showing signs of recovery since prices plummeted in 1987.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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