Globe says Dollarama a "top pick" at RBC The Globe and Mail reports in its Thursday edition that shares in United States dollar stores were on a tear until the second half of last year, when the trend of slowing sales growth started to become entrenched. The Globe's Darcy Keith writes in the Eye On Equities column that since then, shares in most of the buck-for-a-product retailers in the U.S. have been sliding. RBC Dominion Securities downgraded two of the largest such U.S. retailers, Dollar General and Family Dollar Stores, to "sector perform" from "outperform." RBC analyst Scot Ciccarelli says, "While discounts to their historical valuations may help reduce the potential for further downside in these stocks, we believe it will be difficult for them to generate much upside in the first half 2013, given recent trends and the incremental challenges we see for 2013." Mr. Ciccarelli does not cover Canada's Dollarama, which fared better on the stock market last year. However, RBC did put Dollarama ($57.60) on the list of its 30 top stock picks for 2013. On Dec. 21, 2012, Industrial Alliance Securities analyst Neil Linsdell urged investors to buy Dollarama. He hiked Dollarama to "strong buy" from "buy." It was then worth $58.12.
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