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Empire Company (A) Stock Symbol: EMP.A-T

Notes:Maritimes

Last Price Recorded: $19.6200 on 2017-03-27

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Date Signal Expert Opinion Price
2017-03-17 COMMENT Michael Sprung

They took on a horrendously big acquisition at the wrong time. No one could have foreseen the downturn that would take place in Alberta, which compounded the problem. This can happen when companies pay aggressively for acquisitions. It is going to take them some time to work through. If you have a really, really long time horizon, this can correct. Prefers some of their competitors.


Price:
$18.570
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-02-15 DON'T BUY Brian Madden

Groceries is a difficult business. They spectacularly botched the acquisition of Safeway Canada in 2013, paying $5.5-$6 billion. Since announcing the acquisition, EPS has dropped from about $1.75 to about $.65-$.70. The debt has been downgraded, and the stock has fallen off a cliff. Just brought in a new CEO. His concern is that the new CEO is unproven in grocery retailing. The company has a lot to wrap its arms around in terms of untangling the mess.


Price:
$16.910
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-02-09 DON'T BUY Jim McGovern

Most of the chatter on this is the Sobey’s position. It’s an OK business, but when you look at its competitors, both Metro and Loblaw’s, it is sort of a 3rd tier. An extremely cheap stock. The grocery market is a tough one and he would put Holds on all these names. They are really going to rely on food inflation, and he is positive on that side, but the competition is going to be very, very intense.


Price:
$16.810
Subject:
GLOBAL EQUITIES & MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2017-01-11 DON'T BUY Brian Madden

He doesn’t like falling knives. This one has been a train wreck. They bought Safeway Canada stores about 2-3 years ago, and bungled it spectacularly. They overpaid and over promised. This was at a time when the grocer consumer was becoming more and more price sensitive. Grocery stores have very high operating leverage. As much is their sales are falling, their earnings are falling off a cliff. A big massive beast and is not going to turn around on a dime.


Price:
$15.580
Subject:
CANADIAN & FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2016-12-20 COMMENT Barry Schwartz

The road ahead is uncertain. This is a disaster to say the least. We don’t know what is going to happen, but thinks that the issues are fixable. They are trying to transform their business into a low-cost provider of food. Sales aren’t that bad, and that will continue until Alberta turns around.


Price:
$15.280
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-15 DON'T BUY David Driscoll

This company’s big problem is their acquisition of Safeway. They thought they would get the diversification outside of Ontario and the Maritimes, but just don’t understand that the Western supermarket business is a lot different. They dropped the ball and are paying the price for it. Stock was down 17% today. Feels this is more of a tax loss situation right now.


Price:
$15.520
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-12-09 BUY Greg Newman

He doesn’t cover this closely. This is Sobey’s, which is going through some operational concerns. He is pretty confident in management and that they are going to get through that. You want to buy a good quality name when it has kind of fallen on itself. This is a good time to be picking away at this, particularly during the tax loss selling season.


Price:
$18.510
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-11-10 COMMENT Ryan Bushell

(Market Call Minute.) He would like to own these businesses if they maybe yielded 4%-5%, because they are relatively mature. Very low yields, so just not enough to get him interested for his clients.


Price:
$17.870
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
No
2016-11-03 COMMENT Barry Schwartz

(Market Call Minute.) If you are willing to bet on a turnaround, this has massive opportunity to the upside, if they get it right.


Price:
$18.710
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2016-10-26 DON'T BUY Cole Kachur

The space went on a pretty good run over the previous 6 months, so over the last month or so it has really come down a lot. Part of that is competition. Food deflation is a real thing where prices and margins are coming down. He would prefer either Loblaw’s (L-T) or Metro (MRU-T), but these could come down a little.


Price:
$19.190
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-10-12 SELL John Zechner

(Market Call Minute) It is a value trap.  Management is not delivering.


Price:
$19.640
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-09-15 DON'T BUY Daniel Lloyd

He is bearish on the grocery space in Canada, but he thinks most of the damage has already been done to this one.  It is more reasonably valued than its peers.


Price:
$19.980
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
No
2016-09-06 HOLD Alex Ruus

(Market Call Minute.) Being punished because of the Safeway acquisition.


Price:
$21.650
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-08-29 WEAK BUY Brian Acker, CA

It has had its struggles with the Safeway acquisition.  His model price is $25.50, a 20% upside.  It should hold here at EBV+2.  All his Canadian picks he is not crazy about.


Price:
$21.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2016-08-23 SELL Zachary Curry

This is going to have the issues of taking over Safeway, which hasn’t been going smoothly. The exit of the CEO is indicative of that. These things just don’t happen in 6 months or a year, and all of a sudden get turned around. It could take a long time to settle out.


Price:
$21.910
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 128 entries
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