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JP Morgan Analyst Weighs In On Likelihood On Safeway LBO (JPM,SWY)
[April 13, 2012]

JP Morgan Analyst Weighs In On Likelihood On Safeway LBO (JPM,SWY)

Apr 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- 4-13-12-JP Morgan (NYSE:JPM) analyst weighed in on the likelihood of a Safeway (NYSE:SWY) leveraged buyout saying the company's pension and recently added debt make it less likely.

The stock has pared opening gains after Ken Goldman's comments circulated.

Safeway's recent moves may indicate a higher likelihood of Reverses Morris Trust (RHT) than a LBO, but wasn't certain RHT was even likely.

Earlier, Safeway was trading almost 5% higher. The company has a market cap of $5.74 billion.

JP Morgan had previously thought the company could be considering corporate action such as an LBO or RMT.

Safeway Inc. operates a retail food and drug chain in the U.S. and Canada. The Company also has a network of distribution, manufacturing, and food processing facilities. Safeway's retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region, British Columbia, Alberta and Manitoba/Saskatchewan.

SmarTrend currently has Safeway in a Downtrend. Since 2008, SmarTrend subscribers trading Safeway using our alerts outperformed the stock by 153%. We are monitoring these developments and will alert subscribers to any change in trend.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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