The Kroger Co. (NYSE:KR)- Short Call at News Buzzer: Tribune Media Company (NYSE:TRCO)

The Kroger Co. (NYSE:KR) [Trend Analysis] climbed reacts as active mover, shares a gain 0.04% to traded at $35.51 and the percentage gap between open changing to regular change was -0.25%. Kroger Co. declared that it had enough ups and downs during 2016 to make the most experienced Beast rider at Kings Island feel queasy. Climbing high: ClickList expansion. Plunging down: Its stock. Rising again: Its Roundy’s acquisition.

Another tumble: Food price deflation and its dwindling same-store sales growth. When you’re the nation’s biggest operator of traditional supermarkets as Cincinnati-based Kroger Co. (NYSE: KR) is, you have to expect some peaks and valleys. But it seemed like a particularly wild ride, especially after three years in which things seemed to do nothing but point up for Kroger. The firm’s current ratio calculated as 0.70 for the most recent quarter. The firm past twelve months price to sales ratio was 0.29 and price to cash ratio remained 89.07. As far as the returns are concern, the return on equity was recorded as 30.50% and return on investment was 13.40% while its return on asset stayed at 5.80%. The firm has total debt to equity ratio measured as 2.09.

Tribune Media Company (NYSE:TRCO) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.01% to close at $35.46 with the total traded volume of 21401 shares. Tribune Media Company (TRCO) reported it has agreed to sell substantially all of its Digital and Data business operations, comprised of Gracenote video, music and sports, to the Nielsen Company (NLSN) for $560 million in cash. Tribune expects to receive approximately $500 million in after-tax proceeds from the transaction, the majority of which will be used to repay existing debt.

The company also reported its intention to declare and pay a special dividend of approximately $500 million during the first quarter of 2017 to stockholders and warrant holders. Peter Liguori, Tribune Media’s president and CEO, said: “From a strategic standpoint, we are pleased to be streamlining our company so that we can focus even more intently on seizing future opportunities for our local television and entertainment business.

Further, our intention to pay a special dividend, continue our share repurchase program and repay debt reflects our long-standing commitment to returning capital to shareholders while maintaining a balanced approach to our overall capital structure.” Its price to sales ratio ended at 1.51. TRCO attains analyst recommendation of 2.60 with week performance of 6.07%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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