ACI Is Significantly Undervalued - InvestingChannel

ACI Is Significantly Undervalued

Leading grocer Albertson’s (ACI) this morning reported a solid finish to its year ended February 25, 2023. For the full year, ID Sales increased 6.9% and ACI earned $3.37/share. The pending merger with Kroger (KR) may be hanging over the shares, but the stock is too cheap. At a current $21, ACI is trading for only 6x trailing EPS. (ACI did not provide FY23 guidance). While the stock has languished for at least a year, I’m willing to hold on until the value is realized. I think the stock is worth at least $30.

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