Jean Coutu Group (PJC) (A) (PJC.A.TO)
Financials 
Technical Analysis 0
HOLD
DON'T BUY
Thought it would have grown a little bit faster after they had sold off some unsuccessful businesses. Has been kind of sitting around $15. He is kind of getting a little bit bored with this.
Jason DonvilleOwned
department stores
PAST TOP PICK
(A Top Pick Nov 15/11. Up 16.22%.) Sold his holdings in August for gain of over 30% from his original cost price. Felt that for the time being consumer staples were not going to do as well but since then some of them are starting to look interesting. If you own, continue to Hold. $14.50 would be an ideal entry point.
department stores
TOP PICK
Drugstore chain, primarily in Québec and New Brunswick. Had some issues where they had bought some Rite Aid stores and are getting this sorted out. Expect the cash they get from selling these will be used for a domestic acquisition. Managing the balance sheet well. Very undervalued.
Jason DonvilleOwned
department stores
TOP PICK
Very good return on equity. Very good valuation. Very undervalued.
Jason DonvilleOwned
department stores
SELL
It never hurts to take profits when you have them. IN the drug retail trade, Alberta is going to review their drug reimbursement as did Ontario in the past. But this one has things going well, same store sales going up. They have retrenched from the bad experience in the US and done better. Multiples are not that huge. If you are really long term focused, they will do ok, but after this run he would be tempted to take profits.
department stores
DON'T BUY
Has gone a long way to straightening out some of the difficulties they were having in the US. Still own a little bit of Rite Aid but have been fixing in terms of monetizing in order to reduce their exposure. All the alien drug companies have been faced with provinces’ handling of generic drugs. Last quarter was a little bit weak. Same-store sales were okay but margins on some of the sundry items were not as high as he would have liked. This is reflective of the competitive environment out there. He would prefer Shoppers (SC-T).
department stores
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Prefers Shoppers (SC-T) but both companies have the same problem. The government is squeezing them on the prescription side. Both are in the same business and the same kind of model.