Liquor Stores N. A. | StockChase
93
Liquor Stores N. A. (LIQ-T)

Last Price Recorded: $9.9500 on 2017-11-23

ON STOCKCHASE SINCE Oct 2004

merchandising/lodging

Liquor Stores N. A.


Signal Opinion Expert
     

2017-10-05

PAST TOP PICK
Liquor Stores N. A. (LIQ-T)

(A Top Pick Sept 9/16. Down 3.09%.) This was a kind of bet on a recovery in Alberta, because that is where most of their stores are. Has added more, because in the interim, they had a proxy battle and brought in new management and new directors. Pays a dividend of about 4%. At some point he thinks oil is going to recover. Also, what if they get a mandate in Alberta to sell marijuana like they did in Ontario. There could be some interesting upside here. Still a Buy.

merchandising/lodging
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $9.860
Owned: Yes

2017-08-29

COMMENT
Liquor Stores N. A. (LIQ-T)

This is a pretty good steady business. It has a dominant position in Alberta and a very nice business in British Columbia. The recent quarter showed they had some struggles in their smaller US business. The new management and board are doing the right things. They are trying to improve inventory turns, putting money into revamping their very large store base in Alberta. All of those changes should lead to a leaner cost structure, and improve margins in their Canadian store base. Thinks there is potentially a $14-$15 share price over the next couple of years.

merchandising/lodging
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $8.970
Owned: Yes

2017-08-21

PAST TOP PICK
Liquor Stores N. A. (LIQ-T)

(Top Pick Sep 9/16, Down 13.38%)  Alberta is not picking up any faster than anyone thought and then there was a proxy battle and the old management is selling off their stock.  They could get rid of their US assets and concentrate on Alberta. 

merchandising/lodging
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $8.850
Owned: Yes

2017-07-24

DON'T BUY
Liquor Stores N. A. (LIQ-T)

It is not in its hay day right now.  That was in 2010.  Every year their return on capital keeps getting worse. 

merchandising/lodging
Matt Kacur

President, FSA Financial Science and Art

Price: $10.390
Owned: Unknown

2017-06-21

PAST TOP PICK
Liquor Stores N. A. (LIQ-T)

(A Top Pick March 30/16. Up 38%.) This benefited from the recovery last year in oil prices. He is less interested now because there are some operational issues they are working through.

merchandising/lodging
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $10.000
Owned: Yes

2017-05-29

PAST TOP PICK
Liquor Stores N. A. (LIQ-T)

(A Top Pick April 11/16. Up 34%.) Liquor retailing is a pretty good business. Performance over the last 4-5 years has been substandard, and feels the current management team has mismanaged the business in some ways. Also, there has been an escalation in costs which has led to higher operating expenses as a percentage of sales. There are a lot of things with the business that can be done to improve it.

merchandising/lodging
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $10.810
Owned: Unknown

2017-03-31

PAST TOP PICK
Liquor Stores N. A. (LIQ-T)

(Top Pick Mar 30/16, Up 26%) It was challenged this time last year.  It was taking it on the chin. It has turned a corner, but still has some negative same store sales out West.  They need to see a turning point there to get the stock above $10.  As time goes on it will happen.

merchandising/lodging
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $9.550
Owned: Yes

2017-01-03

SELL
Liquor Stores N. A. (LIQ-T)

This looks pretty range bound and currently at a level where he would be a seller. There is a good support line somewhere around $8, and it has currently been stuck in a range for about 6-7 months. Volumes have been dwindling.

merchandising/lodging
Elliot Fishman

Director, US & International Equity Trading Portfolio Adviso

Price: $10.420
Owned: Unknown

2016-12-12

WATCH
Liquor Stores N. A. (LIQ-T)

They have a lot of Cap-x to renovate stores and sure enough they had to cut the dividend.  Same store sales are struggling.  There is competition.  They are trying to launch their own brands, but that is tough.  You want to watch same store sales and how much they have to reinvest in the business to stay competitive.

merchandising/lodging
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $11.020
Owned: Unknown

2016-09-22

DON'T BUY
Liquor Stores N. A. (LIQ-T)

He thinks it should be avoided.  They cut their dividend.  They have a lot of Cap-X ahead of them.  He does not like the business model. 

merchandising/lodging
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $10.810
Owned: Unknown

2016-09-09

TOP PICK
Liquor Stores N. A. (LIQ-T)

Most of their stores are in Alberta. They cut their dividend earlier this year which provided relief for the balance sheet. It freed up capital to improve their stores. Have diversified away from Alberta and only have about two thirds Western Canada. They have stuff in Kentucky, Alaska and BC. New CEO is growth oriented. Dividend yield of 3.41%.

merchandising/lodging
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $10.560
Owned: Yes

2016-08-18

HOLD
Liquor Stores N. A. (LIQ-T)

He looked at it and the volume just wasn’t there.  It came down last year from $19.  3.75% dividend yield.  We are not going to see any resistance until $11, another 10%.  If it gets there you may want to take some off the table.  It will be impacted by any kind of correction we have.

merchandising/lodging
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $9.610
Owned: No

2016-08-17

COMMENT
Liquor Stores N. A. (LIQ-T)

He still likes this. A very steady business. It has been penalized because they happen to have a lot of their corporate stores located in Alberta, so people have worried about declines in same-store sales. However, the business has been very resilient and very steady. The more interesting thing over the longer-term is whether they are going to be able to successfully execute on the expansion strategy in the US. They have started and have some stores in Kentucky, Connecticut and New Jersey. If successful, that could lead to a much more significant upside to the stock over time. Valuation is reasonable, and it generates quite a bit of free cash flow. Pays a decent dividend.

merchandising/lodging
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $9.590
Owned: Yes

2016-06-01

HOLD
Liquor Stores N. A. (LIQ-T)

This is worth what it is worth. Doesn’t look like a trading vehicle, but something that if you really like the name you would have it. Be careful at this point.

merchandising/lodging
Elliot Fishman

Director, US & International Equity Trading Portfolio Adviso

Price: $8.690
Owned: Unknown

2016-04-11

TOP PICK
Liquor Stores N. A. (LIQ-T)

The space has been quite beat up because of Alberta exposure.  The dividend was cut but it is still 4.5%.  It is the largest publicly traded liquor company in North America.  They are expanding through acquisition in the US.  They have been growing private label, which has higher margin.  It is a reasonably stable business in good times and in bad.  The stock has been overly penalized.

merchandising/lodging
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $8.440
Owned: Yes

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