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Compiling comments that experts make about stocks while on public TV.

2017-01-11

Opinion for Empire Company (A) (EMP.A-T)

Signal Price Bias Subject Owned
DON'T BUY $15.580 UNKNOWN CANADIAN & FIXED INCOME No

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.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council

1 Comment

utiac

January 19th 2017 at 9:43am

Agreed. And I doubt Medline is going to help much. The board at Canadian Tire voted to replace Medline as CEO a short while ago in favour letting his predecessor having another stint. He might be "damaged goods."


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