Empire Company (A)
EMP.A-T
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About Empire Company (A) (EMP.A-T)
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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)
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)
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)
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.
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.
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.
(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.
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.
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 )
A turnaround story. Groceries is a tough business. Sobey's has new management and more centralized control, along with cost cutting. (Analysts' price target is $28.)
A turnaround story. Groceries is a tough business. Sobey's has new management and more centralized control, along with cost cutting. (Analysts' price target is $28.)
A year ago they went through a restructuring and then a big acquisition in Safeway. They were left with a banner that had few discount brands in Western Canada, then tinkered with their loyalty program and that upset consumers. Last quarter the results were not liked. He used to have it but now prefers WN-T or L-T.
A year ago they went through a restructuring and then a big acquisition in Safeway. They were left with a banner that had few discount brands in Western Canada, then tinkered with their loyalty program and that upset consumers. Last quarter the results were not liked. He used to have it but now prefers WN-T or L-T.
This has been acting quite well recently, and doesn't know if this is a bottom or a top. It’s a good company. They made a mess of their acquisition in Alberta and have a plan to fix things. The multiple is extremely high. There’s been a lot of anticipation that this turnaround is going to happen more quickly than he thinks is possible. Looking into 2018 the stock looks fully priced. He isn’t a fan of the grocery business. Wait to see how well they do in turning things around in Alberta.
This has been acting quite well recently, and doesn't know if this is a bottom or a top. It’s a good company. They made a mess of their acquisition in Alberta and have a plan to fix things. The multiple is extremely high. There’s been a lot of anticipation that this turnaround is going to happen more quickly than he thinks is possible. Looking into 2018 the stock looks fully priced. He isn’t a fan of the grocery business. Wait to see how well they do in turning things around in Alberta.
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