Author Topic: WINN - Winn-Dixie  (Read 10739 times)

twacowfca

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Re: WINN - Winn-Dixie
« Reply #20 on: May 18, 2011, 07:30:54 PM »
Closed at $8.88 today!  We are completely out now.  Cheers!

That's definitely a WINN!   ;)


beerbaron

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Re: WINN - Winn-Dixie
« Reply #21 on: May 19, 2011, 09:50:36 AM »
Sold all my position in WINN today at around 9.00$ . The market is getting ahead of itself.

Regards
BeerBaron

Kraven

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Re: WINN - Winn-Dixie
« Reply #22 on: May 19, 2011, 10:29:42 AM »
I might be reading a different report than others, but thought that their quarterly results were just ok.  Definitely a big improvement over the same quarter last year, but nothing fantastic.  Cash pile up due in part to slowing their capex down.  Of course, all the remodels and such are the "key" (according to them) of their resurgence.  I think I agree that the market has gotten ahead of itself here on this one.  I agree with Sanjeev's earlier posts to the effect that they essentially need to decide who they are.  If they are going to try and make a go of it, put the money in, don't slow down.  Otherwise, go into run off and return the cash for as long as they can.  Trying to half ass it isn't going to work on this one.
Buy cheap and something good might happen.

claphands22

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Re: WINN - Winn-Dixie
« Reply #23 on: August 18, 2011, 10:20:10 AM »
WINN just printed 6.35.  It's looking purty again.
« Last Edit: August 18, 2011, 10:27:04 AM by claphands22 »

Parsad

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Re: WINN - Winn-Dixie
« Reply #24 on: August 18, 2011, 10:45:14 AM »
WINN just printed 6.35.  It's looking purty again.

We've been buying...it does look "purty" again!  Cheers!
No man is a failure who has friends!

beerbaron

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Re: WINN - Winn-Dixie
« Reply #25 on: August 18, 2011, 03:19:10 PM »
WINN just printed 6.35.  It's looking purty again.

We've been buying...it does look "purty" again!  Cheers!

9 months ago it was a good buy. Today it's an OK buy, there is so much great assets at a good price today that the turnaround story of WINN is not that compelling anymore.

BeerBaron

beerbaron

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Re: WINN - Winn-Dixie
« Reply #26 on: October 01, 2011, 09:12:41 AM »
5.92$ Friday, 200M in cash, FCF in 60-70M per year and decent numbers (400-500$/sq foot) are still happening in the complete remodels (ROI around 18%).

Parsad I'm sorry you were right, it's getting priced as if they are bankrupt. It's great to be in and out of stocks like this, the research time is considerably lower :)

BeerBaron

Misk

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Re: WINN - Winn-Dixie
« Reply #27 on: October 04, 2011, 08:03:40 AM »
Has anyone looked at WINN on relative metrics after capitalizing their operating leases and adjusting Operating Income for lower SG&A as it relates to a decrease in rent expense?

beerbaron

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Re: WINN - Winn-Dixie
« Reply #28 on: October 04, 2011, 06:21:10 PM »
Misk, can you be a little more precise? I'm pretty savy of this company and I can't understand your question.

BeerBaron

Misk

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Re: WINN - Winn-Dixie
« Reply #29 on: October 05, 2011, 06:59:44 AM »
Sure, I was simply referring to adjusting the balance sheet for the company's operating leases.  After adding their operating leases back onto their balance sheet, the company doesn't appear as attractive on relative valuation metrics (EV/EBITDA specifically) relative to peers KR, SVU, and SWY.   I agree that on an absolute basis, assuming mcx of $75mln for 2011, that the company appears attractive.