4 Consumer Stock Stories Not To Be Overlooked
Kroger Co. (NYSE:KR): Current price $28.47
The supermarket chain now has a shelf registration of $2.5 billion following a recent upsize of $1.8 billion. Further, the company’s most recent 10-Q, indicates a coming refinancing $1.5 billion of debt maturing this year and next. All this implies to dealReporter that Kroger just might be looking at Harris Teeter Supermarkets (HTSI), which the Wall Street Journal on Tuesday confirmed is conducting a strategic review and has recruited JPMorgan to aid in exploring its options.