Safeway Has Survived The Recession

Filed under: Safeway Inc (SWY), Stocks to Buy

Grocer Safeway Inc's (SWY) stock has meandered since the February 20, 2009 buy call at a price of $20.90, but I'm reiterating my rating. Here's why:

The view from here argues that the thesis that food margins sector-wide will decrease is flawed.: Grocers will continue to see more consumers shift to 'generic' labels, but overall margins should stabilize as demand rebounds as the major lay-off period in the U.S. job market subsides in 2010.

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Safeway Has Survived The Recession originally appeared on BloggingStocks on Fri, 08 Jan 2010 17:30:00 EST. Please see our terms for use of feeds.

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