As is so often the case, the passage of time lends clarity to what previously seemed mysterious. What's coming into focus now is a reason the beleaguered A&P opted to sell its chief moneymaking asset, the Canadian division. As was mentioned in this space nearly a year ago, it's unusual that a company would sell its best asset. Typically, a company turns around by selling underperforming assets to support beefing up its most profitable properties. Nevertheless, last July A&P exited ...

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