Above Picture has been modified from the Original Picture to make it look more interesting in my Blog and to better suit the title for this post.
Today I am recommending a buy on Supervalu Inc (SVU) for a 20% profit. Even though I am recommending a buy on SVU, but I didn't recommend to buy now. As I believe SVU will tumble a little more before we should plan our entry.
Therefore timing the perfect entry is very important in order to make good money for this stock.
The recent sudden furious dropped in SVU stock price is mainly due to the goodwill and intangible asset impairment charges which resulted on expected loss of $2.58 to $2.48. Well, my opinion is this goodwill and intangible asset impairment charges is not a big deal for me as SVU is still profitable and also maintaining a good healthy dividend payout.
Disclosure: I did not hold any stock in SVU but may plan my entry in the next couple of days when the price is right.