Shoppers Drug Mart Corp (SC.TO) Buy, Sell or…

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Daily Stock Opinions and Ratings

Shoppers Drug Mart Corp (SC.TO)

0.00

-0.00 (0.00%)

55 watching

BUY

(Market Call Minute) Very cheap here.

PAST TOP PICK

(A Top Pick Feb 11/09. Up 3% excluding dividends.) Performance has been disappointing over the last year. Company has continued to perform. Possible changes to the Ontario drug benefit are an overhanging cloud. Trading at 14X earnings.

DON'T BUY

No need to own this now. Earnings will likely be fine based upon retail trends he has seen recently. However there is a lack of clarity in regards to the squabble they are having with the Ontario government. Until that is resolved, the stock will go nowhere.

DON'T BUY

Really a consumer staple stock. Think investors will be moving to higher beta area such as technology, materials, resources etc.

HOLD

Stock hasn't moved because of pending Ontario legislation on dispensing fees. Would rather own something else than waiting for an announcement.

PAST TOP PICK

(A Top Pick Jan 26/09. Down 3.63%.) Think there will be a pop on this one.

BUY

Primary worry is drug policy reform in Alberta, Ontario and BC, which would reduce the margins for all drugstores. Thinks there are offsets to this. Front store merchandise sales can only get better. Well managed.

PAST TOP PICK

(A Top Pick March 2/09. Up 13.58%.) 5.19% bond due 2014. No longer owns as he changed firms but still likes.

WEAK BUY

Solid company, core holding. Not going to be vigorous stock. Solid defensive. Prefers Dollarama.

DON'T BUY

Doesn't think it ever met its downside target. He has a Sell-out on the stock. Has been rising recently but is up against resistance.

BUY

(Market Call Minute.) It is so cheap that it has to go higher. A bargain.

TOP PICK

Essentially flat for the year because of concerns about the Ontario government's possible legislation on pharmaceuticals. 20% below where it would normally be. Very cheap.

PAST TOP PICK

(A Top Pick Jan 27/09. Up 9.62%.) January/12 @ 4.8%. Still likes.

HOLD

(Market Call Minute.) Hold for now but coming up soon as a Buy.

COMMENT

Had long-term concerns about some US drug chains coming into Canada. Extremely well run. Excellent penetration in the pharmaceutical area. Have cosmetics. Excellent locations and stay open late. Concerns about pressure from the Ontario government on the prescription side. If you want growth, consider selling.

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Shoppers Drug Mart Corp (SC.TO)