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Premium contentHowever, Petco has beaten its last four earnings (the next is on August 17), earnings have risen 12% in the past year, insiders have bought more shares, and it trades at a reasonable 22.22x. In mid-June, Petco announced it will open stores to serve pets and farm animals in rural American communities, where 14% of the U.S. population lives and totalling a $7 billion addressable market. Interesting. Let's see how this plan fares.
Premium contentMetro has two buys, five holds and a $74.29 price target that's 7.5% higher than the current price. Its 4.63% profit margin beats Weston's 4.11% and Empire's 2.69%, though Metro's gross margin lafs those peers. Again, you won't get rich buying Metro shares, but you can park your money here and see a safe, though modest return during all this volatility.
Premium contentRight before Canada Day last week. Air Canada announced it will cancel over 15% of its flights this summer. On July 4, it was reported that Air Canada ranked no. 1 in delays on the July 2-3 weekend as two-thirds of all its flights (717 in total) landed late. One assumes that the reason is the same that's plaguing many airlines around the world: lack of staff. However, on July 4, BNN reported that Air Canada staffing levels are at 97% of pre-pandemic levels. Blame has to be pointed at the Liberal government which still mandates the ArriveCAN app to help screen for Covid, even though Ottawa removed random Covid testing in June to ease airport congestion.
