NEWALB 7.45 08/01/29

Albertsons Companies Inc

Credit, Consumer, Event Driven/Special Sit


Publicly traded companies mentioned herein: Albertsons Companies Inc (Private Company w/ Public Debt), Amazon.com Inc (AMZN), The Kroger Co (KR), Rite Aid Corporation (RAD), SUPERVALU Inc (SVU), Walmart Inc (WMT)

Highlights

Albertsons has been struggling to maintain its relevance in an increasingly competitive grocery market for some time. Walmart and Amazon have grown at the expense of numerous players, including many of Albertsons’ banners (e.g., Shaw’s, ACME, and Safeway). An inability, or unwillingness to invest in its stores has led to underperformance, and now the company is looking to reverse merge with Rite Aid in a bid to come public again. The deal has been met with resistance from Rite Aid shareholders, and overall, the presenter is bearish on the outlook for Albertsons. He is short the NEWALB 7.45s because NEWALB’s own OpCos (substantially all of NEWALB’s assets) directly guarantee the ALBLLC notes, not the NEWALB notes.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.