Friday, March 6, 2015

Sprouts Farmers Market: Last Dip To Buy?


Summary

  • Apollo Global Management files to sell remaining Sprouts shares.
  • The investor management has regularly sold shares since the IPO.
  • Sprouts isn't a cheap stock, but this recent dip is likely the best opportunity to buy the stock now.
For investors interested in the long-term story at Sprouts Farmers Market (NASDAQ:SFM), the after market news on March 4 was a long-awaited event. The stock of the organic grocer was repeatedly hit over the last couple of years after leading shareholder Apollo Global Management (NYSE:APO) dumped pre-IPO shares. At the time of the IPO, the investment manager had made it known that it planned to unload shares in theory placing a lid on the stock.

Read the full article at Seeking Alpha.


Disclaimer: No position mentioned. Please review the disclosure page for more details. 




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