Loblaw Companies Ltd | StockChase
577
Loblaw Companies Ltd (L-T)

Last Price Recorded: $68.2200 on 2017-12-13

ON STOCKCHASE SINCE Nov 2000

food stores
577
Loblaw Companies Ltd (L-T)

Last Price Recorded: $68.2200 on 2017-12-13

ON STOCKCHASE SINCE Nov 2000

food stores

Loblaw Companies Ltd


Signal Opinion Expert
COMMENT
Loblaw Companies Ltd(L-T) 

December 11, 2017

If he were going to buy a grocer, it would be Kroger (KR-N). It’s much cheaper, the largest chain in the US, a big discount, and probably growing just as fast. Amazon (AMZN-Q) is hurting both of them.

food stores

If he were going to buy a grocer, it would be Kroger (KR-N). It’s much cheaper, the largest chain in the US, a big discount, and probably growing just as fast. Amazon (AMZN-Q) is hurting both of them.

food stores
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$68.300
Owned Owned
Unknown

PAST TOP PICK
Loblaw Companies Ltd(L-T) 

November 29, 2017

(A Top Pick Nov 23/16. 0%.) A lot of concerns that surround this company are reflected in the valuation. They are in line with where it has been historically. Has a lot of operational room to offset some of the headwinds.

food stores

(A Top Pick Nov 23/16. 0%.) A lot of concerns that surround this company are reflected in the valuation. They are in line with where it has been historically. Has a lot of operational room to offset some of the headwinds.

food stores
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$68.180
Owned Owned
Yes

DON'T BUY
Loblaw Companies Ltd(L-T) 

November 27, 2017

WN-T vs. L-T Long Term.  Neither is growing dramatically.  They are quite interrelated.  They are so similar that if there is a capital gain, then don’t move from one to the other.  He would rather have L-T because they have more disclosure.  He is not that comfortable being in the grocery space anyway.

food stores

WN-T vs. L-T Long Term.  Neither is growing dramatically.  They are quite interrelated.  They are so similar that if there is a capital gain, then don’t move from one to the other.  He would rather have L-T because they have more disclosure.  He is not that comfortable being in the grocery space anyway.

food stores
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report...

PricePrice
$68.210
Owned Owned
No

DON'T BUY
Loblaw Companies Ltd(L-T) 

November 27, 2017

The grocery business is not a high profit margin business. There is a lot of competition. Grocers are going to have to spend a lot of money improving and getting delivery to the home, because that is where Amazon is heading. Costco is taking a lot of business, and there are more coming to Canada. There is also Walmart which people love. This is a great defensive name if there is a recession coming, but we are in a pretty good economy, and would not be his best idea at the moment.

food stores

The grocery business is not a high profit margin business. There is a lot of competition. Grocers are going to have to spend a lot of money improving and getting delivery to the home, because that is where Amazon is heading. Costco is taking a lot of business, and there are more coming to Canada. There is also Walmart which people love. This is a great defensive name if there is a recession coming, but we are in a pretty good economy, and would not be his best idea at the moment.

food stores
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$68.210
Owned Owned
Unknown

DON'T BUY
Loblaw Companies Ltd(L-T) 

November 3, 2017

Q2 earnings were up 10%. Trading below its five-year average by about 2 multiple points. Food inflation is up for the 2nd month in a row after a year of deflation. Minimum wage escalation is bad for them. Have to do a lot of heavy lifting here for their EPS to grow at 7%, and to keep their margins up at around 8.5%. He would not be a buyer.

food stores

Q2 earnings were up 10%. Trading below its five-year average by about 2 multiple points. Food inflation is up for the 2nd month in a row after a year of deflation. Minimum wage escalation is bad for them. Have to do a lot of heavy lifting here for their EPS to grow at 7%, and to keep their margins up at around 8.5%. He would not be a buyer.

food stores
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$67.040
Owned Owned
No

DON'T BUY
Loblaw Companies Ltd(L-T) 

November 2, 2017

They have probably exhausted the benefit of the Shoppers acquisition although there is a little they can do with groceries on the pharmacy side.  There is intense competition in grocery not counting AMZN-Q.  It is not the same in Canada because of geographic dispersal.  He does not think growth is appealing in this sector and so is not into it.

food stores

They have probably exhausted the benefit of the Shoppers acquisition although there is a little they can do with groceries on the pharmacy side.  There is intense competition in grocery not counting AMZN-Q.  It is not the same in Canada because of geographic dispersal.  He does not think growth is appealing in this sector and so is not into it.

food stores
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$67.390
Owned Owned
No

COMMENT
Loblaw Companies Ltd(L-T) 

October 12, 2017

There is an impact for a stronger Cdn$ being able to purchase from the US, however, most grocers have currency hedging arrangements to offset currency fluctuations. The amount of purchases from US are much lower than you would imagine. It could be as low as 10% or lower. The stock is trading at about 10X Enterprise Value over EBITDA, which is in line with historical norms. Pays a 1.5% dividend yield. There are mounting costs as well as mounting competition. Food deflation hasn’t really helped. Minimum wage hikes are estimated to be about $90 million in additional costs per year. Healthcare reform is lowering drug generic drug prices, therefore pushing down margins. Too many headwinds face this company.

food stores

There is an impact for a stronger Cdn$ being able to purchase from the US, however, most grocers have currency hedging arrangements to offset currency fluctuations. The amount of purchases from US are much lower than you would imagine. It could be as low as 10% or lower. The stock is trading at about 10X Enterprise Value over EBITDA, which is in line with historical norms. Pays a 1.5% dividend yield. There are mounting costs as well as mounting competition. Food deflation hasn’t really helped. Minimum wage hikes are estimated to be about $90 million in additional costs per year. Healthcare reform is lowering drug generic drug prices, therefore pushing down margins. Too many headwinds face this company.

food stores
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$68.720
Owned Owned
Unknown

DON'T BUY
Loblaw Companies Ltd(L-T) 

September 28, 2017

With wage inflation, this one is going to be tough. To make 7% EPS compounded annual growth over the next couple of years, they are going to need to be very aggressive with their cost reductions. He would stay away for a little while.

food stores

With wage inflation, this one is going to be tough. To make 7% EPS compounded annual growth over the next couple of years, they are going to need to be very aggressive with their cost reductions. He would stay away for a little while.

food stores
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$67.640
Owned Owned
Unknown

COMMENT
Loblaw Companies Ltd(L-T) 

September 27, 2017

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? This has proven to be the best run grocer in Canada.

food stores

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? This has proven to be the best run grocer in Canada.

food stores
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$67.130
Owned Owned
Unknown

COMMENT
Loblaw Companies Ltd(L-T) 

September 13, 2017

The dominant one in grocery chains in Canada. The grocery industry lately has seen food deflation. Some are facing higher labour costs if minimum wage initiatives go forward, which will be fairly significant to a company like this. He prefers to own this through George Weston (WN-T), which gives you the bakery business as an added diversification. In groceries, this company would be his 1st choice.

food stores

The dominant one in grocery chains in Canada. The grocery industry lately has seen food deflation. Some are facing higher labour costs if minimum wage initiatives go forward, which will be fairly significant to a company like this. He prefers to own this through George Weston (WN-T), which gives you the bakery business as an added diversification. In groceries, this company would be his 1st choice.

food stores
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$65.010
Owned Owned
No

PAST TOP PICK
Loblaw Companies Ltd(L-T) 

August 24, 2017

(Top Pick Apr 15/16, Down 2.26%)  If anyone can get through AMZN-Q, L-T can.  They have very deep pockets.  Their balance sheet looks good.  They are moving silently into health through Shoppers.  Sometimes there are health clubs within their stores.  This may make them okay.

food stores

(Top Pick Apr 15/16, Down 2.26%)  If anyone can get through AMZN-Q, L-T can.  They have very deep pockets.  Their balance sheet looks good.  They are moving silently into health through Shoppers.  Sometimes there are health clubs within their stores.  This may make them okay.

food stores
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$67.020
Owned Owned
Yes

DON'T BUY
Loblaw Companies Ltd(L-T) 

August 24, 2017

He does not have a lot of exposure to the consumer staples space.  Prices should start dropping at Whole Foods next week after AMZN-Q acquired them.  The PE is 15 times forward earnings.  It is not cheap.  There is increased competition from WMT-N and COST-Q.  AMZN-Q is now also in the picture.  Minimum wage hikes in Ontario will be a challenge also.

food stores

He does not have a lot of exposure to the consumer staples space.  Prices should start dropping at Whole Foods next week after AMZN-Q acquired them.  The PE is 15 times forward earnings.  It is not cheap.  There is increased competition from WMT-N and COST-Q.  AMZN-Q is now also in the picture.  Minimum wage hikes in Ontario will be a challenge also.

food stores
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$67.020
Owned Owned
No

BUY
Loblaw Companies Ltd(L-T) 

August 23, 2017

It has come off again. It was getting overvalued.  It has its challenges: AMZN-Q and WMT-N as well as drug pricing for Shoppers with Quebec moving that way.  Overall it is a good company and the two loyalty programs coming together should be positive. It should do well.

food stores

It has come off again. It was getting overvalued.  It has its challenges: AMZN-Q and WMT-N as well as drug pricing for Shoppers with Quebec moving that way.  Overall it is a good company and the two loyalty programs coming together should be positive. It should do well.

food stores
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$67.920
Owned Owned
Yes

WAIT
Loblaw Companies Ltd(L-T) 

August 11, 2017

He is always neutral on this. A good place to be after the stock has corrected, and thinks it can correct some more. He can’t see any reason why this would take off. It’s a tough business, but they are well-established.

food stores

He is always neutral on this. A good place to be after the stock has corrected, and thinks it can correct some more. He can’t see any reason why this would take off. It’s a tough business, but they are well-established.

food stores
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$67.980
Owned Owned
Unknown

TOP PICK
Loblaw Companies Ltd(L-T) 

August 9, 2017

The largest grocery chain in Canada and also owns Shoppers Drug Stores, which is working out incredibly well for them. They’ve put a lot of capital expenditure into the IT business, meaning you can order a lot of stuff online. There has been a lot of deflation on the grocery side, and the IT business will help offset that. Dividend yield of 1.5%. (Analysts’ price target is $80.)

food stores

The largest grocery chain in Canada and also owns Shoppers Drug Stores, which is working out incredibly well for them. They’ve put a lot of capital expenditure into the IT business, meaning you can order a lot of stuff online. There has been a lot of deflation on the grocery side, and the IT business will help offset that. Dividend yield of 1.5%. (Analysts’ price target is $80.)

food stores
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$68.020
Owned Owned
Yes

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