Alcanna

CLIQ-T

Analysis and Opinions about CLIQ-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 17, 2016

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.

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Alcanna (CLIQ-T)
August 17, 2016

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.

HOLD
HOLD
June 1, 2016

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.

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Alcanna (CLIQ-T)
June 1, 2016

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.

TOP PICK
TOP PICK
April 11, 2016

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.

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Alcanna (CLIQ-T)
April 11, 2016

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.

DON'T BUY
DON'T BUY
April 1, 2016

Very tied to the Alberta economy, so it is under a lot of pressure. Wouldn’t go in at this time. He also has some balance sheet concerns.

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Alcanna (CLIQ-T)
April 1, 2016

Very tied to the Alberta economy, so it is under a lot of pressure. Wouldn’t go in at this time. He also has some balance sheet concerns.

TOP PICK
TOP PICK
March 30, 2016

He didn’t own this until they cut the dividend. The stock is relatively cheap, and you don’t have to worry about another dividend cut, because the payout ratio is 50%. Management has undertaken a strategic plan to bump up sales and improve margins. Dividend yield of 4.7%.

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Alcanna (CLIQ-T)
March 30, 2016

He didn’t own this until they cut the dividend. The stock is relatively cheap, and you don’t have to worry about another dividend cut, because the payout ratio is 50%. Management has undertaken a strategic plan to bump up sales and improve margins. Dividend yield of 4.7%.

DON'T BUY
DON'T BUY
March 28, 2016

This is now at speculative levels. They have disappointed investors with missteps and operational issues. He would stay away from companies that have cut their dividend.

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Alcanna (CLIQ-T)
March 28, 2016

This is now at speculative levels. They have disappointed investors with missteps and operational issues. He would stay away from companies that have cut their dividend.

SELL
SELL
March 3, 2016

Can’t believe they have not cut their dividend yet. At 12%, the market is trying to tell them that it is time to improve their financial flexibility, and at least decrease the dividend. This is really concentrated in Alberta, and when the stores are in areas where people are not there are any longer, revenues are going to start declining. Have always had a bit of a high payout ratio on dividends. They are trying to diverse into the US market, but eventually something has to give. Not a huge fan of this.

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Alcanna (CLIQ-T)
March 3, 2016

Can’t believe they have not cut their dividend yet. At 12%, the market is trying to tell them that it is time to improve their financial flexibility, and at least decrease the dividend. This is really concentrated in Alberta, and when the stores are in areas where people are not there are any longer, revenues are going to start declining. Have always had a bit of a high payout ratio on dividends. They are trying to diverse into the US market, but eventually something has to give. Not a huge fan of this.

DON'T BUY
DON'T BUY
January 15, 2016

He used to cover this company and was very disappointed in the same store sales growth, so he dropped coverage. Since then it has taken a big hit. The competitive situation has changed in the US. There are more states that are selling liquor other than them. Has also changed in Alberta. Also when oil workers are not buying liquor, you have a bit of a business problem. Feels the dividend is very much at risk.

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Alcanna (CLIQ-T)
January 15, 2016

He used to cover this company and was very disappointed in the same store sales growth, so he dropped coverage. Since then it has taken a big hit. The competitive situation has changed in the US. There are more states that are selling liquor other than them. Has also changed in Alberta. Also when oil workers are not buying liquor, you have a bit of a business problem. Feels the dividend is very much at risk.

SELL
SELL
November 19, 2015

(Market Call Minute.) If the Alberta oil workers don’t drink and the company is losing sales because of that, that says it all.

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Alcanna (CLIQ-T)
November 19, 2015

(Market Call Minute.) If the Alberta oil workers don’t drink and the company is losing sales because of that, that says it all.

DON'T BUY
DON'T BUY
November 13, 2015

Has a very large exposure in Alberta and Western Canada. What happened in the energy sector really hit same store sales quite dramatically. Had some problems where they had to appoint 4 VPs to oversee them. They say they will maintain the dividend, but right now they are not earning it or covering it, and have been borrowing to pay it.

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Alcanna (CLIQ-T)
November 13, 2015

Has a very large exposure in Alberta and Western Canada. What happened in the energy sector really hit same store sales quite dramatically. Had some problems where they had to appoint 4 VPs to oversee them. They say they will maintain the dividend, but right now they are not earning it or covering it, and have been borrowing to pay it.

COMMENT
COMMENT
November 11, 2015

They have done a very good job of executing their 7-point plan, which was getting the business back on track for same-store sales growth. Unfortunately for them, oil prices started to collapse. They had a very poor quarter, a lot worse than expectations. At this level, the dividend is probably going to get cut, and if it does, the stock is going to stay down here. On any kind of a bounce in the near term, he would consider exiting. Yield of almost 12%.

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Alcanna (CLIQ-T)
November 11, 2015

They have done a very good job of executing their 7-point plan, which was getting the business back on track for same-store sales growth. Unfortunately for them, oil prices started to collapse. They had a very poor quarter, a lot worse than expectations. At this level, the dividend is probably going to get cut, and if it does, the stock is going to stay down here. On any kind of a bounce in the near term, he would consider exiting. Yield of almost 12%.

COMMENT
COMMENT
October 8, 2015

He used to own it. At least half of their revenues come from Alberta. Sales are bound to go down there. It always had a very high payout ratio. He does not know if they might have plans to get into Ontario. 9.5% dividend yield.

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Alcanna (CLIQ-T)
October 8, 2015

He used to own it. At least half of their revenues come from Alberta. Sales are bound to go down there. It always had a very high payout ratio. He does not know if they might have plans to get into Ontario. 9.5% dividend yield.

COMMENT
COMMENT
August 26, 2015

Looked at this a year ago, but thought it was expensive and the dividend was propping up the valuation of the company. Liked their strategy of developing their own brands and selling them in the liquor stores. Dividend yield of 9%.

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Alcanna (CLIQ-T)
August 26, 2015

Looked at this a year ago, but thought it was expensive and the dividend was propping up the valuation of the company. Liked their strategy of developing their own brands and selling them in the liquor stores. Dividend yield of 9%.

DON'T BUY
DON'T BUY
January 26, 2015

They are at risk because of exposure to Alberta. Look at this hard in the late summer and fall when we see what the damage is to the economy. They did pretty well because of their dividend yield.

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Alcanna (CLIQ-T)
January 26, 2015

They are at risk because of exposure to Alberta. Look at this hard in the late summer and fall when we see what the damage is to the economy. They did pretty well because of their dividend yield.

HOLD
HOLD
January 14, 2015

Has been watching this. Has had a good run in the last little while. Thinks a lot of investors are waking up to what they have been doing and the turnaround they are having. The management team that came in is trying to expand their business and grow it after it has been stagnant for a while. This could probably go higher and could have increased dividends as well.

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Alcanna (CLIQ-T)
January 14, 2015

Has been watching this. Has had a good run in the last little while. Thinks a lot of investors are waking up to what they have been doing and the turnaround they are having. The management team that came in is trying to expand their business and grow it after it has been stagnant for a while. This could probably go higher and could have increased dividends as well.

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