I think this is scare politics. The business community had no problem with this.
As the liner companies stopped being American, the people interested in terminal operations became international players.
Albertson's fundamental outlook is poor. The company has a long road ahead of it as a going concern. We believe the board may look to replace management.
Albertson's is by far the weakest operator of the big three (supermarket chains) and is losing share in many of its markets.
The company appears to have a long road ahead of it as a going concern.