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

2017-07-13

Opinion for Loblaw Companies Ltd (L-T)

Signal Price Bias Subject Owned
TOP PICK $71.370 UNKNOWN NORTH AMERICAN/GLOBAL Yes

Trading at about 15X earnings. They have rationalized Shoppers quite well. Also, have spent a lot of money on technology. They throw off about $1 billion of free cash flow each year, and a lot of it has been spent on technology and improving stores. There has been a lot of food deflation, and they’ve been able to offset that with better technology. Dividend yield of 1.5%. (Analysts’ price target is $83.50.)

Paul Harris, CFA
Portfolio Manager and Partner, Avenue Investment Management

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