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Loblaw Companies Limited (L.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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316 reactions on $L.TO conversation
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Just bought in! A little late, but I have a 50+ year investing horizon in front of me so not concerned. What a great company.
Couldnt be happier…my avg is 63 …. Close to a 50% gain in 8 months.
What a great recent trend… and this stock HAS NEVER split?!! Not even Once?!. I’m very impressed with the chart. If it were put to music the score 🎶 would reach musical notes higher & higher 🎼
$100 by the end of month!!
It will go beyond $100next year?
Target Up National Bank Financial Outperform CAD 92
Does the US ticker follow the activity of the CAD ticker at all times? I have some USD I'd like to invest, but no CAD. The volume on the USD ticker is pitiful to say the least, I'm not sure if that matters...
Awwww, E deleted his posts because he was confronted by the harsh reality of this stock.
Invest heavily, will be a nice surprise with Q4 results. Will be well over 110$.
Enjoy your dividends that are literally taken from the pay cheques of employees and consumers.
Oh boy! Glad the elections are over. Canada has once again proved its political stability.
The resilience of Canada's economy has been confirmed by today's jobs report, once again.
Fantastic safe play over here.
Wisdom of Crowds
I like latest news of dental acquisition….like that they are building health care, financial services and grocery linked with best loyalty PC Optimum. Pfizer, Loblaws, FedEx, Apple are my biggest holdings…..very confident in each of them based on brand and system strength. Good luck longs.
Wisdom of Crowds
Loblaws is the leader in grocery which is a good inflation play, plus hidden inside is a health care and finically services disruptor plus the leader in loyalty/CRM/big data in Canada all for a low PE. Long term hold for me along with Pfizer, FDX, Apple and TD. Good luck longs.
Listening to the 2020 Q4 Shareholders call here are three items I picked up on.
1. CEO mentions they kept costs of groceries low and unchanged due to the pandemic. They will most likely start to hike up prices due to vaccine rollout/recovery and inflation with all the fed spending. This will affect the bottom line for sure.
2. CEO mentions spending a "significant amount of free cashflow for share repurchases". This will pump up the EPS in a big way.
3.CAPEX to make their retail segment safe is essentially done. So it will not affect the bottom line as drastically as it did in 2020.
Also the CEO predicts EPS growth for 2021 in the low double-digits. That's massive for a company like Loblaw. All great things.
My understanding of key highlights from the Q4 / 2020 year end reporting. These are just my opinions and interpretations, not any recommendations or verified facts (so do your research and make your own decisions):
In 2020, they paid out $180 million in increases COVID compensation, plus a $25 million bonus to store and DC employees! (I’m so thankful for the dedication and hard work of the front line staff to keep us fed and looked after!). COVID related costs were high for 2020 - totalling $445 million for the year. Yet financial results were strong. Good price/sales ratio, good price/cashflow ratio, decent P/E ratio, management is conservative in estimates, is realistic, and accomplished what they set out to do.
Q4 Net earnings per share increase of 25.7% over 2019 ($0.88 vs $0.70).
Adjusted EPS in 2020 was $4.26 vs. $4.12 in 2019. 2020 was a longer year - 53 weeks instead of the typical 52 weeks. However, even on the same 52 week results, EPS was $4.17 for 2020 (vs $4.12 for 2019). This is significant, considering the additional costs that were incurred through the year. As a retail small-businesses-owner myself, I know the great challenges and costs COVID presented.
In 2020, they repurchased, for cancellation, 13.3 million common shares at a cost of $888 million.
From the call - I was typing really fast, so verify against the transcript.:
Has the systems in place to administer 1 million vaccines per week once supplies are available. Ontario & Quebec are currently off the table, but those provinces may open in the future and it is anticipated that this is not a short-life-cycle vaccination program.
PC Optimum named one top 10 Canadian brands based on engagement.
Discount retail is growing (vs. conventional shopping). This means promotions are driving traffic more, rather than consumers make one, large, weekly trip).
Expect COVID costs to reduce and shopping to normalize as vaccine rollouts continue. Expect growth in beauty shopping as shopping trends normalize. Will continue share buyback program.
PC Card payment rates are strong and have higher confidence in repayments going forward - that losses won’t be as high as expected. And significant savings are being pursued through technology (automation in systems, price tags, self checkout). However, a significant increase in automated order picking is not expected in 2021.
They won’t give a figure, but are striving for low double-digit EPS growth (10-15%) in 2021 through cost reductions, share buybacks, continued trajectory of normalized shopping trends, use of loyalty data. However, there is uncertainty due to COVID.
Huge increase in e-commerce in 2020, but doesn’t expect to see that same rate of growth in 2021. However, e-commerce will continue to grow and be a significant part of future trends. They will work on increasing online cart sizes through suggested complimentary products.
Launched PC Health App in September 2020 to be a first, one-stop location for healthcare & pharmacy. Has been positive and expect growth in this area.
Expecting good things tomorrow, although they retracted guidance I’m positive groceries will see huge boom.
Seriously, why is this stock sinking. I bought around $66 an THAT was a 6 month low, I thought I was buying on a low, and now it's at 62 and has not even recovered up to $66 in months.
Wisdom of Crowds
Very strong earnings....surprised this has been selling off last few months:
- 4th quarter revenue +7.1%
- e-commerce up 160% (full year 178%)
- Net Earnings +22%
- $350m of shares were bought back....more to come
- absorbed $450M of covid expenses
- Linited forward visibility due to covid but they did say they expect forward EPS would grow “low double digits”. (I will take that!!)
Looking forward to hearing more about their vision for connected heat care (massive opp) and how they leverage PC optimum and PC financial going forward....
Wisdom of Crowds
Loblaws amongst most shorted stock on TSX - it’s been a smart strategy, until suddenly it isn’t! They have to cover some time - 19% of market cap will need to buy to cover. #shortsqueeze
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