Gabelli Maintains Hold on Supervalu

Gabelli is out with its report today on Supervalu SVU, maintaining Hold. In its report, Gabelli writes, "Hold. SVU shares trade at 4.3x and 5.3x our fiscal 2013P (2/13) EPS and EBITDA of $1.45 and $1.8 billion, respectively. We are encouraged by sequential improvement in ID sales and traffic, but remain cautious considering SVU's high debt levels, fragile consumer and rising food inflation." At the time of posting, shares of SVU were trading pre-market at $7.94, up 2.98% from Wednesday's close.
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