tag:blogger.com,1999:blog-9031526429482744032.post674612849503787159..comments2024-03-27T08:05:06.228-07:00Comments on Don't fuck with Donville: Metro (MRU.TO) buys Jean Coutu (PJC-A.TO). NOT SO GOOD MY DROOGIES. Penetratorhttp://www.blogger.com/profile/01670644029306203741noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-9031526429482744032.post-87860893712059738492017-10-04T08:17:31.142-07:002017-10-04T08:17:31.142-07:00Oui!... did the BNN thing mid September and then t...Oui!... did the BNN thing mid September and then to Paris and Crete for 10 year wedding anniv. There's rumour of a Quebec/Montreal trip for me in the new year... now that we're owned by Industrial Alliance. You have a few more months to dig a hole and hide.vicariohttps://www.blogger.com/profile/15801909913461380146noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-25026441518253051952017-10-02T16:52:03.882-07:002017-10-02T16:52:03.882-07:00You're still alive?You're still alive?Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-32308179593400717552017-10-02T10:12:57.967-07:002017-10-02T10:12:57.967-07:00ATD.b remains one of our top positions. I'm a...ATD.b remains one of our top positions. I'm actually considering trimming DOL to buy ATD such that they are both equal weights again. Was away for a few weeks but back now. I will say that our high ROE ponies appear to be catching a bid here. We had a good month in September after getting pummeled in June/July. Good luck to us.vicariohttps://www.blogger.com/profile/15801909913461380146noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-74796776743689340562017-10-02T04:40:50.487-07:002017-10-02T04:40:50.487-07:00Thanks Angelo. I will research about the company. ...Thanks Angelo. I will research about the company. What a spectacular return! Financial fundamentals looked amazing but as always the markets drove the share price really high... sigh... I will keep it on my watch list for now.BSRhttps://www.blogger.com/profile/01057008502945341889noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-46585639555360317582017-10-02T04:34:29.692-07:002017-10-02T04:34:29.692-07:00I agree with you. It is already cheap but I think ...I agree with you. It is already cheap but I think the markets would punish them more. I have already a half position so I am not in hurry as if it drops further, I can build a full position at cheaper price. If it recovers then I can just be happy with holding it. Great company.BSRhttps://www.blogger.com/profile/01057008502945341889noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-86988055637675869292017-10-01T13:34:56.943-07:002017-10-01T13:34:56.943-07:00J'ai lu l'article ce matin. On peut voir d...J'ai lu l'article ce matin. On peut voir du positif dans la transaction mais on ne peut pas voir QUE du positif. Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-51691206253899195832017-10-01T09:48:59.049-07:002017-10-01T09:48:59.049-07:00Très d'accord.
Un article intéressant à lire ...Très d'accord.<br /><br />Un article intéressant à lire par notre moralisateur préféré Philippe Leblanc sur le site lesaffaires.com en date d'aujourd'hui sur la transaction metro/jean-coutu...Fredhttps://www.blogger.com/profile/10572810011234456780noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-90418284079267324762017-10-01T06:24:56.850-07:002017-10-01T06:24:56.850-07:00You shouldn't wait too much. ATD is already no...You shouldn't wait too much. ATD is already not that expensive.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-81980931465143169662017-10-01T06:23:27.063-07:002017-10-01T06:23:27.063-07:00Je crois aussi que c'est une excellente compag...Je crois aussi que c'est une excellente compagnie. S'ils étaient plus agressifs, ils seraient dans le top québécois.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-88148127865965999262017-09-29T10:50:46.107-07:002017-09-29T10:50:46.107-07:00FIZZ / National Beverage is 75% owned by the CEO. ...FIZZ / National Beverage is 75% owned by the CEO. (52 week change of 183%). I bought shares around $50 in January, added aggressively in February, sold half my position at $80 shortly after that, and just added a tiny bit more at $124 today. Forward p/e is now 37. People will think I'm crazy. LOL. I like cash rich, debt free growth companies with a Return on Equity of around 50%. Angelo Dallashttps://www.blogger.com/profile/15684479515068422912noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-71787557922326396042017-09-29T04:47:25.093-07:002017-09-29T04:47:25.093-07:00If Metro sells ATD to fund the acquisition which i...If Metro sells ATD to fund the acquisition which is very likely, I will be all over ATD. I am hoping for a huge drop on ATD so that I can build my position.<br /><br />Angelo, can you share the company that is owned by 75% by the CEO?BSRhttps://www.blogger.com/profile/01057008502945341889noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-4598970419421304722017-09-28T17:49:54.872-07:002017-09-28T17:49:54.872-07:00What makes sense for Eric La Fleche (CEO of Metro)...What makes sense for Eric La Fleche (CEO of Metro) may not make sense for the shareholders. Eric can get more money now that he will have so many more employees and a bigger company to run. On the other hand, Jean Coutu's family was very happy to accept a mere 6% above the current stock price. I suspect Metro shareholders are getting screwed. I like companies where the upper management owns a big percentage of the company. It's a funny thing but my best performing stock by far this year is 75% owned by the CEO. He keeps the company debt free and is not looking to grow just to be bigger. When CEOs who own huge amounts of the company make buyout offers they are rather stingy (they often pay under 10 times earnings). Angelo Dallashttps://www.blogger.com/profile/15684479515068422912noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-15284338547269210982017-09-28T05:07:33.198-07:002017-09-28T05:07:33.198-07:00I'm a pharmacist in Quebec and I often work in...I'm a pharmacist in Quebec and I often work in a Jean-Coutu pharmacy as a replacing pharmacist. What I can tell you is that, from the inside, I find Jean-Coutu to be always one step ahead of the competition in Quebec. They are more efficient, more technology-driven and do not depend on Mckesson as a supplier as much as the competition. In an investing point of view, though, I wouldn't pay 23 times the earnings either...<br /><br />Fred Fredhttps://www.blogger.com/profile/10572810011234456780noreply@blogger.com