It's much harder for them to all win at the same time. They all kind of grew together and the market has slowed a little bit.

We think investors should be buying Kroger all day long. Kroger has undeniable top-line momentum that reflects growing share in a mature industry.

Lifestyle remodels have clearly provided a short-term boost for Safeway shares. But we firmly believe that pricing is a much more relevant structural issue in the grocery industry. Safeway must permanently lower its pricing.

It's a smart move for Supervalu, and a good move for Albertson's.

In the third quarter, we started to settle for 3-point shots, and it turned around the pace of the game. The physicality of the game just didn't go our way.

They're asking for a $79 million increase with no restraints on how they're going to spend it.