Buying ACI @ $16.20
2% position
ACI, Albertsons, IPO'd today. It priced below the range of $18-20 at $16.00. I like the grocery sector and Albertsons is a pretty cheap, well-positioned way to play. IPOs are usually set up to do well out of the gate - and a grocer coming back public AND pricing below the range all combines to make a solid company, in my estimation.
2% position
ACI, Albertsons, IPO'd today. It priced below the range of $18-20 at $16.00. I like the grocery sector and Albertsons is a pretty cheap, well-positioned way to play. IPOs are usually set up to do well out of the gate - and a grocer coming back public AND pricing below the range all combines to make a solid company, in my estimation.
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