PLEASANTON, Calif. — Safeway said the beating its stock experienced Wednesday — the same day it announced what one analyst called "decent" second-quarter results — could be due to the short-sightenedness of Wall Street. "It’s always difficult to predict the market reaction," saidSteve Burd, chairman and chief executive officer. "But I think when somebody else [in the industry] struggles, people say, ‘I guess everybody is ...

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