You want defensive stocks right now. Big thing is Jean Coutu, and integration will create earnings and cash flow growth. More difficult issue is how to expand that brand beyond Quebec, and this is already priced into the stock. A defensive name, and you can do quite well. Yield is 1.7%.
He would prefer it over L-T and EMP-T. It has been the better performer over the last 10 years. Their long term strategy has been to buy back 3-5% of their stock, pay a 2% dividend, and increase their net income 5-10% per year making about a 10-17% return. As a grocery stock it has never become quite compelling enough but in hindsight it would have been a good investment. Once they get too large they just have less growth opportunities. This one is more nimble. It's valuation is on the higher end of the range so wait for a pull back.
He would prefer it over L-T and EMP-T. It has been the better performer over the last 10 years. Their long term strategy has been to buy back 3-5% of their stock, pay a 2% dividend, and increase their net income 5-10% per year making about a 10-17% return. As a grocery stock it has never become quite compelling enough but in hindsight it would have been a good investment. Once they get too large they just have less growth opportunities. This one is more nimble. It's valuation is on the higher end of the range so wait for a pull back.
The big grocers have done well. Surprising, because competition is coming from Amazon and even Shoppers Drug Mart with automation. Grocers are a low-margin business. Grocery stocks have run up, so take some profits.
The big grocers have done well. Surprising, because competition is coming from Amazon and even Shoppers Drug Mart with automation. Grocers are a low-margin business. Grocery stocks have run up, so take some profits.
Being in defensive stocks (consumer staples) is a good place now; can weather a recession. Grocers are investing heavily in home delivery considering Amazon, and spinning out real estate units. It's good to see competition in this space, for consumers. MRU has been doing a good job, gaining a little market share. He owns Weston instead.
Being in defensive stocks (consumer staples) is a good place now; can weather a recession. Grocers are investing heavily in home delivery considering Amazon, and spinning out real estate units. It's good to see competition in this space, for consumers. MRU has been doing a good job, gaining a little market share. He owns Weston instead.
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.
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.
If we have a tough year next year, this is a defensive name. They bought Jean Coutu and it is the best management in the retail space. (Analysts’ price target is $45.00)
If we have a tough year next year, this is a defensive name. They bought Jean Coutu and it is the best management in the retail space. (Analysts’ price target is $45.00)
From 2016 to early-2017, their chart had an uptrend. Since then, it's been sideways. Either buy at the bottom of this range and trade the range, or wait for a breakout. It has been underperforming the TSX, too.
From 2016 to early-2017, their chart had an uptrend. Since then, it's been sideways. Either buy at the bottom of this range and trade the range, or wait for a breakout. It has been underperforming the TSX, too.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Metro Inc (A) is a Canadian stock, trading under the symbol MRU-T on the Toronto Stock Exchange (MRU-CT). It is usually referred to as TSX:MRU or MRU-T
In the last year, 7 stock analysts published opinions about MRU-T. 5 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Metro Inc (A).
Metro Inc (A) was recommended as a Top Pick by Paul Harris, CFA on 2020-03-12. Read the latest stock experts ratings for Metro Inc (A).
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
7 stock analysts on Stockchase covered Metro Inc (A) In the last year. It is a trending stock that is worth watching.
On 2020-06-05, Metro Inc (A) (MRU-T) stock closed at a price of $56.15.
You want defensive stocks right now. Big thing is Jean Coutu, and integration will create earnings and cash flow growth. More difficult issue is how to expand that brand beyond Quebec, and this is already priced into the stock. A defensive name, and you can do quite well. Yield is 1.7%.