SpartanNash (SPTN) an Extremely Undervalued Company and Perfect Long Term Income Investment By. Tyler R. Martin

Having spent the last three and a half years in the US Army, SpartanNash (SPTN) trucks delivering goods to various military commissaries was no uncommon sight for me. Having just left the Army, I realize that I miss many things, not least of which is the affordable, convenient and rather diverse assortment of goods easily found in a military commissary. If you’ve never been to a military commissary then I’ll explain, a military commissary is a type of fantastic grocery store, a truly wonderful establishment for any hungry soldier with a little bit of cash in his pocket, and this is all thanks to long term contracts with SpartanNash (SPTN). •Distributeur of food, retail and tobacco products to various military posts and grocery/retail establishments in all 50 states •Down 50% over the last 12 months and currently less than a dollar above 52 week low •price/book .60 — price/cash flow 3.3 •6.60 dividend yield •15% dividend growth last five years SpartanNash (SPTN) has had a rough year with poor earnings and some internal revamping, however, its deterioration in price is not proportional to its struggles. SpartanNash (SPTN) is poised for an exceptional few years ahead. They have a solid niche, long term safe contracts with the federal government, an incredible distribution network and a sought after product line. Additionally, the currently inflated, solid and growing dividend will supplement your income for the possibly long wait until the stock price aculizes to its true value. It is my assessment that SpartanNash (SPTN) is a 25 dollar company. I currently do not own SpartanNash (SPTN), however I will update when I eventually purchase this company

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