606

Loblaw Companies Ltd (L-T)

ON STOCKCHASE SINCE Nov 2000

food stores

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Loblaw Companies Ltd
L-T

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Signal	Opinion	Expert
DON'T BUY	Loblaw Companies Ltd(L-T) January 23, 2019 It's been sideways since 2015. Trades at under 11x enterprise value over EBITDA in line with 10-year averages. They've done vs. TSX since mid-October. Investors have shifted from cyclical into consumer staples like L-T. There's a lot of competition ahead with cost challenges while minimum wage moves higher. 60% of their goods are from the US whose currency is strengething. Prefers ATD. food stores 0 0 0 0 0 0 comments	It's been sideways since 2015. Trades at under 11x enterprise value over EBITDA in line with 10-year averages. They've done vs. TSX since mid-October. Investors have shifted from cyclical into consumer staples like L-T. There's a lot of competition ahead with cost challenges while minimum wage moves higher. 60% of their goods are from the US whose currency is strengething. Prefers ATD. food stores 0 0 0 0 0 0 comments Stan Wong Director &, Private Wealth Manag... Price $63.440 Owned Unknown

DON'T BUY	Loblaw Companies Ltd(L-T) January 7, 2019 Has been out of grocery for a couple of years. Low margins. Most people go to Costco. There are so many pressures like e-commerce, competition, inflation. Have to get so many things right, and so little wiggle room. He's not a fan of buying back stock, companies need to buckle down and innovate. Great assets, but he's not interested at all. food stores 0 0 0 0 0 0 comments	Has been out of grocery for a couple of years. Low margins. Most people go to Costco. There are so many pressures like e-commerce, competition, inflation. Have to get so many things right, and so little wiggle room. He's not a fan of buying back stock, companies need to buckle down and innovate. Great assets, but he's not interested at all. food stores 0 0 0 0 0 0 comments Barry Schwartz CIO & Port, Baskin Wealth Manage... Price $61.370 Owned No
WATCH	Loblaw Companies Ltd(L-T) January 4, 2019 He is trying to figure out how the George Weston REIT is working out alongside this asset. Loblaw's is very stable, and he is investigating it. Not quite ready to pull the trigger yet. Yield is less than 2%. food stores 0 0 0 0 0 0 comments	He is trying to figure out how the George Weston REIT is working out alongside this asset. Loblaw's is very stable, and he is investigating it. Not quite ready to pull the trigger yet. Yield is less than 2%. food stores 0 0 0 0 0 0 comments Tim Regan Managing D, Kingwest & Company... Price $60.800 Owned No
DON'T BUY	Loblaw Companies Ltd(L-T) December 31, 2018 He fears that the grocery sector will get disrupted. Not optimistic. Loblaw has spent so much on beautifying their stores, but failed to earn a sales increase from consumers. Meanwhile, people are buying food online with the Amazon-Whole Foods deal. food stores 0 0 0 0 0 0 comments	He fears that the grocery sector will get disrupted. Not optimistic. Loblaw has spent so much on beautifying their stores, but failed to earn a sales increase from consumers. Meanwhile, people are buying food online with the Amazon-Whole Foods deal. food stores 0 0 0 0 0 0 comments Chris Stuchberr Portfolio , Wellington-Altus Pri... Price $61.110 Owned No
BUY	Loblaw Companies Ltd(L-T) December 4, 2018 Threatened by online shopping? He likes it, because it dominates grocers in Canada with good real estate. It's a little vulnerable to online shopping, but grocers like Loblaw won't be affected much. Also, Loblaw has click-and-collect e-shopping where a customer orders groceries online then picks them up. He expects double-digit earnings growth after Loblaw absorbs minimum wage hikes and provincial drug reform and inflation from transportation costs. He'd buy it here. food stores 0 0 0 0 0 0 comments	Threatened by online shopping? He likes it, because it dominates grocers in Canada with good real estate. It's a little vulnerable to online shopping, but grocers like Loblaw won't be affected much. Also, Loblaw has click-and-collect e-shopping where a customer orders groceries online then picks them up. He expects double-digit earnings growth after Loblaw absorbs minimum wage hikes and provincial drug reform and inflation from transportation costs. He'd buy it here. food stores 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $61.250 Owned Yes
COMMENT	Loblaw Companies Ltd(L-T) November 19, 2018 Choice REIT and relationship with Loblaw A year ago, Loblaw spun their real estate into a REIT, because real estate assets garners higher valuations than grocery stores to allow investors to buy the grocery side alone or the real estate that underlines the grocery stores. Canadian Tire did the same thing. He owns no grocers; there's too much competition. food stores 0 0 0 0 0 0 comments	Choice REIT and relationship with Loblaw A year ago, Loblaw spun their real estate into a REIT, because real estate assets garners higher valuations than grocery stores to allow investors to buy the grocery side alone or the real estate that underlines the grocery stores. Canadian Tire did the same thing. He owns no grocers; there's too much competition. food stores 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $58.790 Owned No
DON'T BUY	Loblaw Companies Ltd(L-T) November 6, 2018 Recommended it a few years, because he thought the Shoppers Drug Mart deal would be a catalyst. But he sold his shares last year. It's hard to turn around a big company, and this has been turning for a while. They haven't found the magic formula yet and the stock has been flat. food stores 0 0 1 0 0 0 comments	Recommended it a few years, because he thought the Shoppers Drug Mart deal would be a catalyst. But he sold his shares last year. It's hard to turn around a big company, and this has been turning for a while. They haven't found the magic formula yet and the stock has been flat. food stores 0 0 1 0 0 0 comments Rick Stuchberry Portfolio , Wellington-Altus Pri... Price $55.310 Owned No
COMMENT	Loblaw Companies Ltd(L-T) November 5, 2018 Loblaw last week booted out its REIT and the stock went down, but not as much as some may think. It has strong upside potential, but has long gone sideways. Eventually, the market will get tired of this sideways movement and let it fall. The company is well-run. food stores 0 0 0 0 0 0 comments	Loblaw last week booted out its REIT and the stock went down, but not as much as some may think. It has strong upside potential, but has long gone sideways. Eventually, the market will get tired of this sideways movement and let it fall. The company is well-run. food stores 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $54.590 Owned Unknown
DON'T BUY	Loblaw Companies Ltd(L-T) November 2, 2018 His model is $61.59. A year from now this stock may be trading at the same level. food stores 0 0 0 0 0 0 comments	His model is $61.59. A year from now this stock may be trading at the same level. food stores 0 0 0 0 0 0 comments Brian Acker, CA Chief Exec, Acker Finley Inc.... Price $52.100 Owned No
BUY	Loblaw Companies Ltd(L-T) October 25, 2018 They will get involved in online shopping. There is heavy competition in this space and heavy price discounting. Loblaw is probably the best in this sector. Is a well run company. Groceries are a stable and somewhat defensive. food stores 0 0 0 0 0 0 comments	They will get involved in online shopping. There is heavy competition in this space and heavy price discounting. Loblaw is probably the best in this sector. Is a well run company. Groceries are a stable and somewhat defensive. food stores 0 0 0 0 0 0 comments Cole Kachur Senior Wea, ScotiaWealth Managem... Price $64.960 Owned Yes
DON'T BUY	Loblaw Companies Ltd(L-T) October 11, 2018 MRU-T vs. L-T. He has owned both in the last three years. Earnings were down 3% for MRU-T even though sales were up. L-T is facing the same problems. There are overall challenges in the whole group. food stores 0 0 0 0 0 0 comments	MRU-T vs. L-T. He has owned both in the last three years. Earnings were down 3% for MRU-T even though sales were up. L-T is facing the same problems. There are overall challenges in the whole group. food stores 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $62.670 Owned Unknown
DON'T BUY	Loblaw Companies Ltd(L-T) October 5, 2018 Avoid this sector. Competitive, paper-thin margins. Other sectors pay better dividends and have less volatility. Not enough of a dividend to justify holding through the sideways motion. food stores 0 0 0 0 0 0 comments	Avoid this sector. Competitive, paper-thin margins. Other sectors pay better dividends and have less volatility. Not enough of a dividend to justify holding through the sideways motion. food stores 0 0 0 0 0 0 comments David Cockfield Managing D, Northland Wealth Man... Price $63.670 Owned No
TOP PICK	Loblaw Companies Ltd(L-T) August 1, 2018 This is a recent addition to their portfolio. Loblaw runs some dominant banners in both grocery retailing and pharmacy. Have accelerated their organic growth with the purchase of Shoppers Drugmart. They have gained market share and shown margin improvement. We like what they are doing operationally and financially. Stock is trading at 14X earnings. The value of growth and consistency in this name is exceptional. (Analysts’ price target is $76.92) food stores 0 0 0 0 0 0 comments	This is a recent addition to their portfolio. Loblaw runs some dominant banners in both grocery retailing and pharmacy. Have accelerated their organic growth with the purchase of Shoppers Drugmart. They have gained market share and shown margin improvement. We like what they are doing operationally and financially. Stock is trading at 14X earnings. The value of growth and consistency in this name is exceptional. (Analysts’ price target is $76.92) food stores 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $67.930 Owned Yes
DON'T BUY	Loblaw Companies Ltd(L-T) July 10, 2018 Will Shoppers Drug Mart be the top distributor of medical marijuana? He doesn't know. But the problem here with Loblaw is competition from Amazon and small indie grocers. That's why this stock has been sideways. food stores 0 0 0 0 0 0 comments	Will Shoppers Drug Mart be the top distributor of medical marijuana? He doesn't know. But the problem here with Loblaw is competition from Amazon and small indie grocers. That's why this stock has been sideways. food stores 0 0 0 0 0 0 comments Barry Schwartz CIO & Port, Baskin Wealth Manage... Price $67.310 Owned Unknown
DON'T BUY	Loblaw Companies Ltd(L-T) July 4, 2018 Long-term it looks tough for them, with serious competition from Walmart and Costco. Loblaw is trying to cut costs and enhance its digital operations. Same-store sales are sluggish, though Shoppers is doing better. More headwinds: generic drug pricing, minimum wage rises and the US exchange rate. food stores 0 0 0 0 0 0 comments	Long-term it looks tough for them, with serious competition from Walmart and Costco. Loblaw is trying to cut costs and enhance its digital operations. Same-store sales are sluggish, though Shoppers is doing better. More headwinds: generic drug pricing, minimum wage rises and the US exchange rate. food stores 0 0 0 0 0 0 comments Stan Wong Director &, Private Wealth Manag... Price $67.100 Owned No

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