Tag: sweet

This Dirt-Cheap Grocery Stock Just Got a Sweet Deal on Its Own Shares

Investors might not be very familiar with the stock of Albertson’s (NYSE:ACI). Although the grocery store chain is 81 years young, it only recently became a public company after its initial public offering in June. But for defensive investors looking for pandemic-proof stocks, grocery stores in general and Albertsons in particular may be worth a look.

Its stock is cheaper than rival Kroger (NYSE:KR), but like Kroger, Albertson’s is also posting blockbuster sales and profits during the pandemic. Yet shares trade about 15% below its June IPO price of $16, which was below the $18 to $20 range the company had hoped for.

Albertson’s was also given a gift recently, as it was able to buy back a significant amount of shares below its already-discounted price.

A shopper in a mask inspects a product in a grocery store.

Grocery stores have posted bumper results amid the pandemic. Image source: Getty Images.

A forced sale is music to shareholders’ ears

On

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Sweet Designs Chocolatier owner marks 25 years as business grows during Covid times (photos, video)

LAKEWOOD, Ohio – For many folks, coronavirus posed challenges, closed businesses, changed lives.



a close up of a keyboard: Ines Rehner's Sweet Designs Chocolatier has changed its business model, but the Lakewood shop is doing well. And the challenges of coronavirus aren't phasing the owner, who learned about hardship growing up in what is now Croatia.


© Marc Bona, cleveland.com/cleveland.com/TNS
Ines Rehner’s Sweet Designs Chocolatier has changed its business model, but the Lakewood shop is doing well. And the challenges of coronavirus aren’t phasing the owner, who learned about hardship growing up in what is now Croatia.

Ines Rehner took it in stride.

Rehner’s Sweet Designs Chocolatier has flipped its business model upside down. She has shifted from 90% walk-in and 10% shipping business to the other way around. She works with companies and customers to offer unique packages highlighting messages and logos.



a man cooking in a kitchen preparing food: Sweet Designs Chocolatier workers create the chocolates on the premises.


© Marc Bona, cleveland.com/cleveland.com/TNS
Sweet Designs Chocolatier workers create the chocolates on the premises.

She attributes her ability to survive and succeed on a foundation built on hardship, coupled with continuing determination and creativity. Those traits have served her well: Rehner is marking 25 years in business.

She emigrated to

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