May 8, 1999 |
There are deep discounts available these days at Smart & Final Inc.--for the company's stock. As the chain of warehouse-style grocery stores struggles to turn itself around, Smart & Final's shares so far aren't recovering from a disastrous slide in mid-1998, when they plunged 60% to less than $10 as problems mounted. And since October, the stock has treaded water. It closed Friday at $11.81 a share, up 19 cents for the day, in New York Stock Exchange composite trading.