Losers News: Safeway Inc. (SWY), Exide Technologies (XIDE), CRA International, Inc. (CRAI)

…all of its alternatives including, but not limited to, commencement of a Chapter 11 case or other restructuring proceeding,” the company said in the statement. The Mexico City-based operator didn’t provide a timeframe for the options under study.

Whiting USA Shareholders Are Going To Lose Half Their Money – Again (Seeking Alpha)
I thought I’d revisit a popular short target, Whiting USA Trust (NYSE:WHX), which still remains significantly overvalued. With royalty trusts falling out of favor, it would seem that some of these have maybe fallen too far. WHX, specifically has been the subject of a few negative articles on Seeking Alpha and is down sharply over the last 9 months or so. It would be logical to think that there may be some value here since the stock was trading $18 in July, and now is around $8. Not the case, as it turns out. WHX still remains massively overvalued and has a fair value closer to $3.50.

Albany says Safeway has pulled the plug on Solano Avenue project (Contra Costa Times)
Safeway Inc. (NYSE:SWY)’s planned rebuilding of its Solano Avenue store has been canceled. According to Community Development Director Jeff Bond, the decision actually was made some time ago. “That’s something Safeway determined some months ago, that the cost of the project as they had originally designed it was a bit too high,” Bond said. The project was supposed to replace the current store at 1500 Solano Ave. with a new, larger store and other businesses. The proposal was several years in the making, with residents taking part in “brainstorming sessions” as well as commenting on the plans.

Exide Technologies Downgraded by Maxim Group to Hold (XIDE) (The Utah People’s Post)
Exide Technologies (NASDAQ:XIDE) was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of Exide Technologies in a research note to investors on Friday, April 5th. They now have a $6.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.85.