BOSTON ( TheStreet) -- The S&P 500 Index is up more than 5% this year, but not all of its members have fared as well. The benchmark's 10 biggest losers include struggling commodities companies, an unloved chipmaker and also-ran retailers.
They've been deserted by investors, but as the saying goes, one man's trash is another man's treasure. Several of these laggards are extremely cheap compared to their earnings expectations. There may be some 2011 winners in this list.
10. SuperValu (SVU), which has lost 29% this year, operates the Acme and Shaw's supermarket chains. Like other middle-of-the-road grocery stores, Supervalu is struggling to compete on price with discount giant Wal-Mart (WMT), but lacks the cachet of upscale Whole Foods (WFMI).
Supervalu swung to a quarterly loss of $1.5 billion, or $6.94 a share, from a year-earlier profit of $74 million, or 35 cents, because of one-time charges. Its adjusted profit of 28 cents missed analysts' target by 1 cent. Same-store sales dropped 5.9%. Food sales fell 10%.Outlook: SuperValu has problems ranging from labor disputes to heavy competition. Still, the company is likely to remain viable for the foreseeable future. SuperValu has $203 million of cash and $7.1 billion of debt. The company cut its debt by 13% during the past year. No analysts rate SuperValu "buy," but its stock is trading for 5.8 times its projected earnings, making it 60% cheaper than those of other grocery chains.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV