Empire Company (A)

EMP.A-T

TSE:EMP.A

34.85
0.48 (1.36%)
Empire Company Limited is a Canadian conglomerate engaged mostly in food retail and corporate investments. The company is headquartered in Stellarton, Nova Scotia. Empire Company also owns the Sobeys supermarket chain.
More at Wikipedia

Analysis and Opinions about EMP.A-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 13, 2019
Loblaw vs. Empire vs. Metro Owns none. It's a toss-up. Metro is the best. Loblaw has had fits and starts. Empire is the dark horse, bouncing back from operational problems. One is as good as the others. Metro is good for the very long-term. But Empire for the shorter-term.
Loblaw vs. Empire vs. Metro Owns none. It's a toss-up. Metro is the best. Loblaw has had fits and starts. Empire is the dark horse, bouncing back from operational problems. One is as good as the others. Metro is good for the very long-term. But Empire for the shorter-term.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$34.290
Owned
No
TOP PICK
TOP PICK
October 21, 2019
Sobeys is their largest brand. They have 350 retail gas stations as well as grocery stores. Earnings are expected to grow 43% next year. (Analysts’ price target is $39.33)
Sobeys is their largest brand. They have 350 retail gas stations as well as grocery stores. Earnings are expected to grow 43% next year. (Analysts’ price target is $39.33)
Robert McWhirter
President, Selective Asset Management
Price
$35.020
Owned
Yes
COMMENT
COMMENT
October 9, 2019
Metro vs. Empire She owns Loblaw instead. The sector is defensive, so it's done well this year. She likes Shoppers Drug Mart, hence Loblaw, for its cross-selling via their Optimum rewards card. She prefers Metro of the two here, but thinks Loblaw is better.
Metro vs. Empire She owns Loblaw instead. The sector is defensive, so it's done well this year. She likes Shoppers Drug Mart, hence Loblaw, for its cross-selling via their Optimum rewards card. She prefers Metro of the two here, but thinks Loblaw is better.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$36.080
Owned
No
PAST TOP PICK
PAST TOP PICK
August 1, 2019
(A Top Pick Jul 24/18, Up 37%) The company has a new distribution centre that is helping the bottom line. They continue to hold it. He sees 15% growth in free cash flow. A good opportunity going forward.
(A Top Pick Jul 24/18, Up 37%) The company has a new distribution centre that is helping the bottom line. They continue to hold it. He sees 15% growth in free cash flow. A good opportunity going forward.
Robert McWhirter
President, Selective Asset Management
Price
$35.860
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 12, 2019
(A Top Pick Jul 24/18, Up 15%) They are doing well in a tight competitive space and a candidate for purchase again. He does not own it today.
(A Top Pick Jul 24/18, Up 15%) They are doing well in a tight competitive space and a candidate for purchase again. He does not own it today.
Robert McWhirter
President, Selective Asset Management
Price
$30.370
Owned
No
COMMENT
COMMENT
March 7, 2019
They expanded into western Canada and didn't do well, though earnings projections for this year and next promise increases. They're converting some stores to Freshco, a good move. This is a growth stock in a safe industry. Wishes the dividend were higher. It's a tough industry to be in. If you're worried about Alberta, then avoid this. EMP is making the right moves, though.
They expanded into western Canada and didn't do well, though earnings projections for this year and next promise increases. They're converting some stores to Freshco, a good move. This is a growth stock in a safe industry. Wishes the dividend were higher. It's a tough industry to be in. If you're worried about Alberta, then avoid this. EMP is making the right moves, though.
David Cockfield
Managing Director, Northland Wealth Management
Price
$29.710
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
December 3, 2018
He was very impressed by what they are doing when he met with them last week. They bought Farm Boy recently. They are looking carefully at their online strategy. They ran into problems with Safeway but have now turned around same store sales with it. The easy turnaround has been done and from here it will be a little more difficult. He might buy it on temporary weakness.
He was very impressed by what they are doing when he met with them last week. They bought Farm Boy recently. They are looking carefully at their online strategy. They ran into problems with Safeway but have now turned around same store sales with it. The easy turnaround has been done and from here it will be a little more difficult. He might buy it on temporary weakness.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$25.540
Owned
Unknown
DON'T BUY
DON'T BUY
September 20, 2018

He doesn’t like the grocery business. There is no room for error. Well run companies, but not an area that he wants to put client’s money in. Not a growth story. (Analysts’ price target is $28.82)

Empire Company (A) (EMP.A-T)
September 20, 2018

He doesn’t like the grocery business. There is no room for error. Well run companies, but not an area that he wants to put client’s money in. Not a growth story. (Analysts’ price target is $28.82)

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$23.250
Owned
No
TOP PICK
TOP PICK
July 24, 2018

This is the parent of Sobeys. They are shaving costs. Earnings have been growing phenomenally even though sales are almost flat. They offer a 1.7% dividend and have a 6.1% free cash flow yield with strong projected earnings growth. (Analysts’ price target is $29.18)

This is the parent of Sobeys. They are shaving costs. Earnings have been growing phenomenally even though sales are almost flat. They offer a 1.7% dividend and have a 6.1% free cash flow yield with strong projected earnings growth. (Analysts’ price target is $29.18)

Robert McWhirter
President, Selective Asset Management
Price
$26.470
Owned
Yes
COMMENT
COMMENT
July 20, 2018

They own Loblaw Cos Ltd (L-T) because they think it has better dynamics. They are going through a rationalization process like the one that Loblaw Cos Ltd (L-T) went through. The Safeway acquisition wasn’t so well executed. Tough business.

They own Loblaw Cos Ltd (L-T) because they think it has better dynamics. They are going through a rationalization process like the one that Loblaw Cos Ltd (L-T) went through. The Safeway acquisition wasn’t so well executed. Tough business.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$26.610
Owned
No
DON'T BUY
DON'T BUY
July 19, 2018

He has owned it in the past. They had a good run and a year ago put in a plan to cut costs from their business. They have razor thin margins. It is a very competitive business. He does not like to buy these kinds of businesses. EMP-T also has CCR.UN-T REIT but you are in an industry that is so highly competitive with AMZN-Q and so on that it is hard to own it at this price.

He has owned it in the past. They had a good run and a year ago put in a plan to cut costs from their business. They have razor thin margins. It is a very competitive business. He does not like to buy these kinds of businesses. EMP-T also has CCR.UN-T REIT but you are in an industry that is so highly competitive with AMZN-Q and so on that it is hard to own it at this price.

Tim Regan
Managing Director, Kingwest & Company
Price
$26.610
Owned
No
DON'T BUY
DON'T BUY
July 6, 2018

Numbers are vastly improved. He tries to stay away from retail, especially food retail. Now in a period where tariffs are being tossed around. Has had a nice recovery, but leery of buying now. Good company, well managed, but can’t get enthused.

Numbers are vastly improved. He tries to stay away from retail, especially food retail. Now in a period where tariffs are being tossed around. Has had a nice recovery, but leery of buying now. Good company, well managed, but can’t get enthused.

David Cockfield
Managing Director, Northland Wealth Management
Price
$26.500
Owned
No
PAST TOP PICK
PAST TOP PICK
June 5, 2018

(Past Top Pick on January 26, 2018, Down 0.4%) He believes this will do well. Since last September, it's seen an up channel. He continues to prefer this over the other Canadian grocers. Good management with a program to expand revenue in the next three years. He doesn't fear a challenge from online grocery shopping--he wants to feel tomatoes before he buys them.

(Past Top Pick on January 26, 2018, Down 0.4%) He believes this will do well. Since last September, it's seen an up channel. He continues to prefer this over the other Canadian grocers. Good management with a program to expand revenue in the next three years. He doesn't fear a challenge from online grocery shopping--he wants to feel tomatoes before he buys them.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$24.800
Owned
Yes
DON'T BUY
DON'T BUY
June 4, 2018

He has a price target of $30 on this and the fair market value is only about $32. Despite the turnaround in this company it has not created a tremendous amount of value. It has a strong technical resistance point about two times book value.

He has a price target of $30 on this and the fair market value is only about $32. Despite the turnaround in this company it has not created a tremendous amount of value. It has a strong technical resistance point about two times book value.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$24.800
Owned
Unknown
TOP PICK
TOP PICK
March 19, 2018

This company owns Sobeys’, who acquired Safeway. They have turned things around and “Project Sunrise” is working to centralize things. Same-store traffic and margins are improving. They are doing very well in a very competitive sector. The stock now has momentum. Yield 1.7%. (Analysts’ price target is $28.28 )

This company owns Sobeys’, who acquired Safeway. They have turned things around and “Project Sunrise” is working to centralize things. Same-store traffic and margins are improving. They are doing very well in a very competitive sector. The stock now has momentum. Yield 1.7%. (Analysts’ price target is $28.28 )

William Chin
Portfolio manager, Caldwell Investment Management
Price
$24.900
Owned
Yes
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