Canadian Tire Corporation Ltd (CTC.TO)

He owns little retail, because it's very difficult for these companies to have a moat. Walmart and Costco are exceptions, but their valuations are very high. It's very tough to find a moat and low PE in retail. CTC has done a great job making their operations more efficient, so he likes it. Also, it's not expensive, but prefers ATD, which is more durable. He considers CTC a discretionary stock, which will be impacted by the oil shock and inflation..

Owns ATD instead. They just announced a strategic loyalty rewards with Tim Horton's, a big step. They beat estimates last earnings. Have a growing loyalty ecosystem, but is concerned with big ticket items and the effect of tariffs. Sees 6% upside.

Traditional bricks and mortar business that will face competition from eCommerce. Undifferentiated shopping experience that is not enjoyable. Discretionary product offering makes it difficult to retain customers. Would not recommend investing at this time. Housing slowdown in Canada will also be hard on the business. 

The stock is 'bouncy' certainly. We think it is a decent company but we did not like the decline in sales in the last quarter, especially in a period where inflation is still present. Yes, some of its weakness was clearly related to the weather. But at 22X earnings, we think the valuation could be adjusted to reflect the current lack of growth. Thus, we would fairly reluctant to start an aggressive buy program on the stock today. 
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Why own this now? There's so much online competition and inflation is hurting the Canadian consumer. They bought back a lot of shares in 2023, but didn't work for their shares. Needs to see lower inflation and better employment numbers first.

Many retailers are coming off a rough quarter, but CTC is a seasonally sensitive stock. Last winter saw weak demand for winter items like snowblowers (due to a mild winter), and that's impacted CTC shares. Assuming regular seasonal weather in spring and summer, business should pick up. Hold if you already own and don't sell. He doesn't see long-term weakness.

Does not own shares. Retail business tough. Current valuation starting to enter attractive area. Competition amongst retail very hard to earn profits on (high capital investments). Consumers not coming back to brand - yet, would wait to buy. 

Does not own shares, and would not recommend buying. Not a strong business model. Footprint limited to Canada with low growth. 

Retail is a difficult business to operate in. Capital intensive business with lots of inventory. If recession occurs, will be hard on business. Better options for investors out there. 

Historically a great Canadian retail business. However, business not performing as well due to eCommerce etc. Unsure on future of business. Better names for retail companies like Aritzia. 

Retail does well in November and maybe into December. He wants the stock to show some strength though. If so, CTC should do well.

It is reflecting the lower demand of the Canadian consumer and has pretty much penetrated the Canadian market.

Long period of low dividend yield. Current share price a good price to buy at. Likes automotive aspect of business. Improving business prospects. 

Online shopping taking major toll on business.
Not as many visitors in the past.
Business not competing well with Amazon.
Rewards program not very good.
Not a good time to invest in business.