Ingles Markets: Hurricane Helene Won't Make Things Easy [Seeking Alpha]
Ingles Markets, Incorporated - Class A (IMKTA)
US:NASDAQ Investor Relations:
ingles-markets.com/corporate/investor-relations
Company Research
Source: Seeking Alpha
Play 7min Summary Ingles Markets faces significant operational challenges due to hurricane Helene, impacting its distribution center and several stores. The company is self-insured for casualty losses, meaning it will bear the repair costs, but it has $355M in cash reserves to manage the situation. I maintain a hold rating due to current uncertainties for the repair of damages, added to the lack of a near-term growth plan. Tom Werner Investment Thesis In my previous coverage I commented that although the supermarket chain Ingles Markets ( NASDAQ: IMKTA ) looked cheap, there didn't seem to be a real growth plan coming in the near-term. Added to this is the news of the recent This article was written by Fernanda Galvez Jalil Follower s Follow My name is María Fernanda and I am currently studying an MBA. My inspiration investors are Warren Buffett, Peter Lynch and Terry Smith, so I look for quality companies at a reasonable valuation. I believe that, in the l
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News
- Ingles Markets, Incorporated (NASDAQ: IMKTA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ingles Markets, Incorporated (IMKTA): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Calculating The Intrinsic Value Of Ingles Markets, Incorporated (NASDAQ:IMKT.A) [Yahoo! Finance]Yahoo! Finance
- Ingles Markets, Incorporated Reports Second Update on the Impact of Hurricane HeleneBusiness Wire
- Ingles Markets, Incorporated Reports Update on the Impact of Hurricane Helene [Yahoo! Finance]Yahoo! Finance
IMKTA
Sec Filings
- 11/29/24 - Form NT
- 10/29/24 - Form 8-K
- 10/3/24 - Form 8-K
- IMKTA's page on the SEC website