Empire Company (A)

EMP.A-T

TSE:EMP.A

31.57
0.09 (0.29%)
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.
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Analysis and Opinions about EMP.A-T

Signal
Opinion
Expert
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 )

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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 )

TOP PICK
TOP PICK
January 26, 2018

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.)

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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.)

DON'T BUY
DON'T BUY
December 14, 2017

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.

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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.

WAIT
WAIT
December 14, 2017

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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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.

DON'T BUY
DON'T BUY
December 8, 2017

This has rebounded quite nicely off the low, and are showing signs that the turnaround is working. Whether to buy it today is a very tricky decision. He doesn’t think you can understate the impact of the on-line threat. They are dealing with razor thin margins, so what happens when they start shipping out their groceries at $10 a box. He would stay away from the whole group.

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This has rebounded quite nicely off the low, and are showing signs that the turnaround is working. Whether to buy it today is a very tricky decision. He doesn’t think you can understate the impact of the on-line threat. They are dealing with razor thin margins, so what happens when they start shipping out their groceries at $10 a box. He would stay away from the whole group.

COMMENT
COMMENT
November 24, 2017

It seems as though the turnaround story is taking hold. The Canadian grocery space is a tough place to be. Pricing is competitive. They have issues with Amazon (AMZN-Q) digging deeper and deeper into the grocery space. Minimum wages are going up across the board. On a relative basis, this looks as good as any.

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It seems as though the turnaround story is taking hold. The Canadian grocery space is a tough place to be. Pricing is competitive. They have issues with Amazon (AMZN-Q) digging deeper and deeper into the grocery space. Minimum wages are going up across the board. On a relative basis, this looks as good as any.

TOP PICK
TOP PICK
November 13, 2017

This is a turnaround in the food business. The acquisition was bad and they did not understand what they were getting. They brought in new management with a new way of looking at it. (Analysts’ target: $27.50).

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This is a turnaround in the food business. The acquisition was bad and they did not understand what they were getting. They brought in new management with a new way of looking at it. (Analysts’ target: $27.50).

COMMENT
COMMENT
September 27, 2017

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. This company has had its challenges but under the new CEO, it is showing that it is starting to come back. If you are a turnaround person, even though it has had a big run already, it is starting to outperform off a very bad low, and has the most turnaround potential.

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Empire Company (A) (EMP.A-T)
September 27, 2017

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. This company has had its challenges but under the new CEO, it is showing that it is starting to come back. If you are a turnaround person, even though it has had a big run already, it is starting to outperform off a very bad low, and has the most turnaround potential.

WAIT
WAIT
July 26, 2017

This has come up with a plan which encouraged the market, but he feels the market has gotten a little ahead of itself. He hasn’t quite seen how the plan is going to impact them and work on a long-term basis. He would tend to be on the sidelines for a while.

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This has come up with a plan which encouraged the market, but he feels the market has gotten a little ahead of itself. He hasn’t quite seen how the plan is going to impact them and work on a long-term basis. He would tend to be on the sidelines for a while.

COMMENT
COMMENT
July 4, 2017

Sell because of the Amazon-Whole Foods deal? There are only 11 or 13 Whole Foods stores in Canada. Empire has its own problems in fixing Safeway in Western Canada. When Amazon announced the deal, Canadian stocks dropped 3%-5%. It will take a few years for Amazon to roll out their US stores. If he were forced to own one food store in Canada, it would be Loblaw’s (L-T).

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Sell because of the Amazon-Whole Foods deal? There are only 11 or 13 Whole Foods stores in Canada. Empire has its own problems in fixing Safeway in Western Canada. When Amazon announced the deal, Canadian stocks dropped 3%-5%. It will take a few years for Amazon to roll out their US stores. If he were forced to own one food store in Canada, it would be Loblaw’s (L-T).

COMMENT
COMMENT
June 13, 2017

Had owned this for a long time, but is frightened at what is going to happen with the grocery space. There are a couple of European grocery chains that have come into the US, that have phenomenal low prices and terrific stores. It is only a matter of time until they come to Canada. When you walk through Sobey’s stores, they are not up to snuff.

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Had owned this for a long time, but is frightened at what is going to happen with the grocery space. There are a couple of European grocery chains that have come into the US, that have phenomenal low prices and terrific stores. It is only a matter of time until they come to Canada. When you walk through Sobey’s stores, they are not up to snuff.

WAIT
WAIT
May 18, 2017

This company has had a tough time. They had a “drop the ball” situation in Alberta. They now have a three-year plan and are going to spend $500 million to bring their stores up. However, it is early yet. He would sit on the sidelines for a while, to see how it works out.

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This company has had a tough time. They had a “drop the ball” situation in Alberta. They now have a three-year plan and are going to spend $500 million to bring their stores up. However, it is early yet. He would sit on the sidelines for a while, to see how it works out.

DON'T BUY
DON'T BUY
April 28, 2017

They made a huge purchase of Safeway at just the wrong time, just before the Western economy fell apart. This isn’t the 1st time they have stumbled, in one way or another. They will eventually pull out of this, but they are behind the 8 ball right now. He prefers Loblaws (L-T), which is the dominant player in Canada. It also has the biggest reach into the discount outlets.

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They made a huge purchase of Safeway at just the wrong time, just before the Western economy fell apart. This isn’t the 1st time they have stumbled, in one way or another. They will eventually pull out of this, but they are behind the 8 ball right now. He prefers Loblaws (L-T), which is the dominant player in Canada. It also has the biggest reach into the discount outlets.

PAST TOP PICK
PAST TOP PICK
April 10, 2017

(Top Pick Mar 18/16, Down 6%) He thought the bad news was in the stock, but then they wrote off the other half of the costs. They have a new CEO now. It will get turned around eventually.

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(Top Pick Mar 18/16, Down 6%) He thought the bad news was in the stock, but then they wrote off the other half of the costs. They have a new CEO now. It will get turned around eventually.

COMMENT
COMMENT
March 17, 2017

They took on a horrendously big acquisition at the wrong time. No one could have foreseen the downturn that would take place in Alberta, which compounded the problem. This can happen when companies pay aggressively for acquisitions. It is going to take them some time to work through. If you have a really, really long time horizon, this can correct. Prefers some of their competitors.

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They took on a horrendously big acquisition at the wrong time. No one could have foreseen the downturn that would take place in Alberta, which compounded the problem. This can happen when companies pay aggressively for acquisitions. It is going to take them some time to work through. If you have a really, really long time horizon, this can correct. Prefers some of their competitors.

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