Safeway’s Very Cheap, But Analyst Warns Investors Away

Unless your name is Whole Foods (WFM), it has been an absolutely brutal few years for supermarket operators. The combination of penny-pinching consumers, increased competition from the likes of Wal-Mart (WMT) and Target (TGT), and higher commodity prices (for much of the time) has forced companies to cut prices or see sales slip away. Safeway [...]