no pre....Winn-Dixie(WIN) -50% !!!!!

[atento]

ai Jesus..........

isto é pior que um Tsunami.....

o FIG foge senao vais levar banhada....

[ICEMAN]

Associated Press
Winn-Dixie Files Bankruptcy Reorganization
Tuesday February 22, 7:00 am ET 
Supermarket Giant Winn-Dixie Files for Bankruptcy Reorganization After Reporting Increased Losses


JACKSONVILLE, Fla. (AP) -- Supermarket giant Winn-Dixie Stores Inc. said Tuesday it has filed for bankruptcy reorganization, less than two weeks after reporting decreased revenues and increased losses from a year ago.

Winn-Dixie and 23 of its U.S. subsidiaries filed for Chapter 11 reorganization late Monday in U.S. Bankruptcy Court for the Southern District of New York, a company news release said.

The Jacksonville-based company also announced Tuesday that it has secured an $800 million credit facility from Wachovia Bank N.A. to help pay for its reorganization, the release said. The credit facility, subject to court approval, replaces the company's previous $600 million credit line.

The company plans to use the reorganization to improve its operations and financial performance, but also to reduce its expenses and decide how to use its assets to make its stores more productive, the release said.

"This includes achieving significant cost reductions, improving the merchandising and customer service in all locations and generating a sense of excitement in the stores," said Peter Lynch, president and chief executive officer.

The company said 920 Winn-Dixie stores in eight southeastern states and the Bahamas are open.

But Winn-Dixie said it will seek court approval to terminate the leases of two warehouses and about 150 stores that were closed previously, for an annual cash savings of approximately $60 million. It also plans to sell all of its remaining manufacturing operations to reduce expenses, the release said.

For the first six months of this fiscal year, Winn-Dixie reported sales of $5.41 billion on a net loss of $552.8 million or $3.93 per share, compared with sales of $5.65 billion on a net loss of $78.3 million or 56 cents per share, for the same period in 2004.

Winn-Dixie Stores Inc. ranks 162 on the Fortune 500 list.