Profit Warning in the New Year?

This stock is only going one way,your talking cobblers about profit warnings etc,to be short at this level is madddddness.

2003 Share tips, This Is Money 30 December 2002

Safeway may be pick of the bunch - Alex Brummer

SO far Britain has managed to avoid the worst of the worldwide downturn, thanks to buoyant consumer confidence. In 2003 I fear that may change and it will be the public sector which holds up the economy.
Despite any downdraft in consumption I am sticking with the retail sector for my 2003 pick. Last year I chose Boots, figuring that colds, flu and our obsession with the body beautiful would remain intact.
The shares held their own and beat the market. I expect Boots to beat analysts' expectations over Christmas.
My selection for 2003 is the currently unfashionable Safeway (200p). The last year was one of transition under Argentine boss Carlos Criado-Perez, now under pressure.
But at their present lowly rating Safeway shares offer a tasty dividend yield of 5% and sell at a price earnings ratio of eight, against 19 for rival Morrisons. This makes Safeway a tasty morsel for a predator like Asda/Wal-Mart or for a private equity buyout. Either way, the shares offer upside.