Saturday, March 9, 2013

Safeway (SWY) Stay the Course

Safeway Inc. (SWY) is a fairly stable stock, but while investors have enjoyed a jump in the value of the shares since their fourth quarter 2012 earnings report, there doesn't seem to be any massive changes on the horizon. This is something the shareholders of SWY seem to want (at least, those of whom have owned shares before February). A conference call with investors dropped the price ever so slightly, but the news that Safeway would not be investing their assets in a Canadian REIT was met with a strong positive reaction. The message was clear: stay the course, Safeway.