2011《财富》美国500强10大烂股

第4名：大西洋与太平洋茶叶公司

    交易代码: GAPTQ

    年初至今股票表现: -76%

    市值: 270万美元

    财富500强排名: 278

    经过在破产法庭中漫长的重组，大西洋与太平洋茶叶公司（Great Atlantic & Pacific Tea Company）有望在明年年初将结束破产保护状态，成为一家私人持股公司。

    该公司在美国东北地区经营多家杂货连锁店，包括A&P、Pathmark和The Food Emporium。但这家有152年历史的杂货店公司在与沃尔玛（Wal-Mart）等大型综合超市的竞争中举步维艰。

    今年以来，A&P的股价已经下跌77%，最近报收于0.05美元左右。

    深陷债务泥沼的大西洋与太平洋茶叶公司去年底申请破产，推出了改革计划。公司关闭了一些门店，与供应商重议合约，并在与工会员工的协商中得到了相当程度的让步。

    11月份，大西洋与太平洋茶叶公司宣布已获得4.90亿美元融资，投资者包括亿万富翁罗恩•伯克勒经营的私募股权公司和高盛管理的几支基金。

    大西洋与太平洋茶叶公司表示，这一融资协议将能使公司在几个月内结束破产保护状态，成为一家私人持股公司。

Great Atlantic & Pacific Tea Co.

    Ticker: GAPTQ

    YTD stock performance: -76%

    Market cap: $2.7 million

    Fortune 500 rank: 278

    After a protracted restructuring in bankruptcy court, the Great Atlantic & Pacific Tea Company expects to emerge as a privately held company early next year.

    The company operates several grocery store chains across the Northeast, including A&P, Pathmark and The Food Emporium. But the 152-year-old grocer has struggled to compete with big-box rivals such as Wal-Mart.

    A&P's stock is down 77% this year and trades for about 5 cents a share.

    In debt up to its eyeballs, A&P filed for bankruptcy late last year and launched a turnaround program. It closed stores, renegotiated contracts with suppliers and extracted significant concessions from unionized workers.

    In November, A&P announced that it had received $490 million from a group of investors including the private equity firm run by billionaire investor Ron Burkle and funds managed by Goldman Sachs.

    A&P said the financing agreement would enable it to exit Chapter 11 as a private company within months.