Managing Director at Coleford Investment Management
Member since: Mar '01 · 1856 Opinions
Weston is the parent of Loblaw’s. She prefers the pure plays and L-T is the pure play. They are unlocking the value in their real estate and that is giving a kick to the stock. She is concerned about what Target will do to the landscape and to L-T. She thinks it is a fairly safe company although not going to provide a great return. She would not be opposed to taking a little profit here. We do know Target will be launching this year with aggressive pricing strategies.
Markets. The TSX is 15% below its all time high. Thinks there are some good signs in terms of economic growth and the US is in a better position than a year ago. Europe continues along a path and the longer that happens the less chance of a Lehman-style event. TSX performance is below the US the most in 40 years. It depends on commodities. Outlook for oil is decent based on Chinese growth. The oil price spreads are so large that we don’t get the benefit. Thinks the situation will resolve.