WALL STREET POUNDS SUPERVALU STOCK AFTER DISCLOSURE

MINNEAPOLIS -- Supervalu here learned the hard way last week how unforgiving Wall Street has become in the wake of the recent series of corporate scandals.The company's stock fell nearly 22% after it disclosed that it would take a charge of $19 million to $21 million because a controller admitted to deliberately misstating the value of the cost of goods sold in Supervalu's 120-unit pharmacy division

MINNEAPOLIS -- Supervalu here learned the hard way last week how unforgiving Wall Street has become in the wake of the recent series of corporate scandals.

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