Why $ACI Went Down

Turnaround Essay

Albertsons recently came out with a report which made their stock go up while I had predicted it going down. The main reason behind this was the fact that they were able to beat the estimates while also decreasing their expenses. Based on much bigger companies such as Walmart missing estimates, I thought Albertsons was going to be the same, however, it was the opposite. Albertsons also has a very good history of never missing any estimates. From now on, I will try to stay away from shorting companies that have never missed any estimates in the past