Neil Stern Quotes on Value (2 Quotes)

An attractive aspect of this for them is that Albertson's owned a lot of the land under their stores. But there could be multiple reasons for buying these stores, including generating cash flow, the value of the real estate or to spin them off to another buyer.

Albertson's owns the ground under about 60 percent of their stores, including a fair amount in California. With Northern California real estate so difficult to come by, that has its own value.