Jean Coutu Group (PJC) (A) (PJC.A.TO) Buy,…

Jean Coutu Group (PJC) (A) (PJC.A.TO)

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TOP PICK

Just recently broke out of a little high, but before that had a nice long upward trend. Really good space. Recent numbers beat. Improved on margins.

HOLD

Their Prodoc (?) division is doing fairly well. Have always been a good, well run company in Quebec. Big mistake was going to the US. Still have a significant holding in Rite Aid.

DON'T BUY

Suffering from same problems as Shoppers., which he prefers because it has a little more growth possibility.

BUY

History of raising dividends. He likes it. Will come out with earnings in next 3 days. They have a wild card of Rite Aid. They reported an increase in same store sales for first time in 18 quarters. If Rite Aid recovers, this stock could have a tremendous upside.

BUY

Could get hit hard when Ontario generic drug rules start, as Quebec requires drug firms to have lowest generic costs in Canada. Own a chunk of Rite Aid (RAD-N) that continues to lose mega millions. Written this investment off but if Rite Aid should manage to start recovering, it would give a real kick to this one.

DON'T BUY

Ontario government has put a cloud over this whole sector. A sleeper in their company was a generic drug company so as a result of Ontario changes, there could be some difficulties in this as well.

DON'T BUY

(Market Call Minute.) Likes retailers. Would stay away from the drugstores. Apparel companies look much better.

DON'T BUY

Have problems with Rite Aid in the US. Had difficulty in taking the franchise beyond the Quebec borders.

DON'T BUY

Strong Canadian franchise but the US Rite Aid is still not performing very well and created a lot of write-offs so the book value has been diminished quite a bit. Multiple is on a par with Shoppers but Shoppers has much more substantial operations and successfully diversifying. Not to take it on the cheap.

BUY

One of the premier drugstore chains in Canada. They went into the US, which cost them dearly. Lately there has been talk of them writing this off. Canadian operations are doing very well.

TOP PICK

Pharmacies in both Canada and the US. Recent earnings better than expectation. Took out Feb high today. Pretty good opportunities for double-digit growth in 2010/2011.

BUY

(Market Call Minute.) Healthcare so would be resistant to recession/depression. Has issues, but overall it is pretty good.

DON'T BUY

Not doing well. Losses are really caused by their US Rite Aid (RAD-N) holdings. Have also lost Market share in Quebec to Shoppers (SC-T).

DON'T BUY

Their problems are not in Canada but in the US. Canadian operations continue to do well. Until there are signs that things are stabilizing at Rite Aid, it probably won't do that well.

PAST TOP PICK

(A Top Pick Dec 6/06. No change.) Picked this as a defensive holding. MACD shows a bit of a positive divergence setting up, so you could be okay.

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Jean Coutu Group (PJC) (A) (PJC.A.TO)