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Empire Company Limited (EMP-A.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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As of 12:45PM EDT. Market open.
113 reactions on $EMP-A.TO conversation
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Raised price to 48.67. Lets go.
These guys ever gona pay a decent dividend?
all time high deserves one post!!!
Empire is growing in multiple fronts and gaining market shares - On line Volia , Farm boys, efficiency gains from modern distribution center. focused value chain optimization, etc. I trust the Sobey family as their name is on the line. Looking back the history of continuous increase in good and bad years for many many years. I continue to add to my over weighted position, as the trend is secular.
Empire gains another foothold in Toronto with the purchasing of a majority stake in Longo's!
Has a solid financial report that beats analysts predictions, drops by 5.5%
sales and earnings are going higher quarterly and yearly.
Dividends at 1.6% is low but well invested for expansion.
Grocers can't compete with banks on the dividends.
Margins and profit will creep up with inflation.
Price target set at 44$ .
E-commerce sales growth of 315% is a testimony of excellent execution. The Sobey's family's shareholders friendly track record will continue to flourish. The share buyback annouced is indicative that the share price is still under valued and a best use of capital, with anticipated continuous growth. I hope that it will be the disruptive force and platform to sell anything under the sun, and not limited to grocery but a platform and nerve centers servicing customers leveraging the advance new generation customer fulfillment center with AI, Autonomous fleet delivery, B2C platform, B2B platform for international business.
This week we have essentially rounded the bend on the panic buying fiasco from last year. Don't expect to see results like these going forward.
This is not me being bearish, just realistic.
Still a solid company that will have varying forms of success with some secular trend changes occurring, however the results won't be nearly as great as they have been in the next year.
Yahoo Finance Insights
EMP-A.TO reached an all time high at 44.89
If you are interested in a plant base company check NSP Naturally Splendid, exclusively distributes Naterra brand products inCND/US only .04 cents pennies now, dollars later
15% increase of dividend shows strong execution and results
I've always loved Sobeys. The bakery and produce is so good. I don't know where I see the growth coming from, but great company.
A huge concern I have for this stock so that online delivery is $15. This is a huge concern because many people wants groceries delivered and the pandemic has changed habits. Now I am like why would I go to store when I can just have instacart. It is very important sobeys and Safeway are on instacart. I have loblqws and Walmart. I am seriously considering this stock but the online delivery is a huge concern for me.
Solid financial, love the Ricardo acquisition, Boring stock but a good long term hold 🤟
Maybe this is y it tanked (read below). Although with new lock downs emp will do good. I do think grocery is boring in general and people lose interest quick.
The announcement came as Empire reported a profit of $161.4 million or 60 cents per share for the quarter ended Oct. 31, missing analysts’ expectations..
So the stock has been consistently underperforming compared to other grocers for the past week and the only news i could find that could cause the dip is some TD analyst saying earnings could be missed. Are people scared that much of sept 9th earnings?
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EMP-A.TO is down 4.98% to 36.29
undervalued is understatement for this stock...
Up 132% in 5 years baby.
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