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Empire Company (A) (EMP.A-T) opinion on 2017-01-11

Last Price Recorded: 25.0500 on 2018-01-17

ON STOCKCHASE SINCE Dec 2000

food stores
food stores
DON'T BUY

Brian Madden
Empire Company (A) was $15.580 at time of opinion
Owned : No

He doesn’t like falling knives. This one has been a train wreck. They bought Safeway Canada stores about 2-3 years ago, and bungled it spectacularly. They overpaid and over promised. This was at a time when the grocer consumer was becoming more and more price sensitive. Grocery stores have very high operating leverage. As much is their sales are falling, their earnings are falling off a cliff. A big massive beast and is not going to turn around on a dime.

UNKNOWN

All opinions for EMP.A-T (140)

25 BUY
3 BUY on WEAKNESS
29 COMMENT
25 DON'T BUY
4 HOLD
16 PAST TOP PICK
2 SELL
17 TOP PICK
1 VAGUE
9 WAIT
6 WATCH
3 WEAK BUY
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All opinions for EMP.A-T (140)

25 BUY
3 BUY on WEAKNESS
29 COMMENT
25 DON'T BUY
4 HOLD
16 PAST TOP PICK
2 SELL
17 TOP PICK
1 VAGUE
9 WAIT
6 WATCH
3 WEAK BUY
View All

More experts covering EMP.A-T

SAVE
Add EMP.A-T to Watch List

Last 60 Days Opinions

DON'T BUY
1 month ago
WAIT
1 month ago
DON'T BUY
1 month ago
COMMENT
1 month ago
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1 Comment

utiac

January 19th 2017 at 6:43am

Agreed. And I doubt Medline is going to help much. The board at Canadian Tire voted to replace Medline as CEO a short while ago in favour letting his predecessor having another stint. He might be "damaged goods."


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