Sobeys

Trading at around 10/11 X forward earnings. Had some disappointments in the last two quarters. The market is in a “ show me” mode. Good management. Will have to demonstrate for a couple of quarters.

Prefers Loblaw's. Having some trouble getting growth.

Valuation is very cheap. Last two quarters, they had some disappointments. Trading around 10/11 X forward earnings. Have to start showing some growth.

Earnings disappointed the street and the quarter having the blackout hasn’t even been reported yet. Have been losing some market share.

Will take a hit on inventory loss because of hydro failure. Expects more tough quarters.

Dropped because they didn’t meet expectations. May have been oversold.

Expects management will continue to deliver.A decent investment.

(Was a top pick on June 18/03.No change.)Picked because it was a laggard, but is still lagging.Very cheap.A good safe place to be.

In the long-term, a strong management group.Has done very well.Not a bad story, but not a sector they're investing in right now.

(Was the top pick.April 9, 2003.No change.)While the rest of the market has gone up Sobeys has dropped.A good buying opportunity.P/E of 12.

Looks reasonably priced. Concerned as to whether it can maintain the profit growth. Strong balance sheet.

Doesn't have the glamour or size of Loblaws, so there is a discount. A solid company. Good asset, but not moving much.

Cheap and has decent upside potential. A good defensive play.

Well run. Prefers Metro. Good price. Solid company. Half the multiple of Loblaws. Some growth.

Great company. Stable. Slow growing.