TSX:RON.PR.B - Post by User
Post by
Georgia_Straighton Oct 09, 2006 12:56pm
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Post# 11479597
Calgary Sun
Calgary SunA relative faxed a copy of an article in the Calgary paper re: Lowes/Rona. According to the article the BB stores need a service population base of 125,000/store. Where Lowes are planning their store launches will bring the BB service area populations down to the 45-50,000 per store.
It also discusses the benefit of a Rona takeover for experience in managing independent retail outlets. Lowes is strictly company owned stores in the U.S. A take over seems the logical way for them to proceed. While I'd prefer to see Rona remain a Canadian owned store, I'm going to continue accumulating more in anticipation of a significant rise in price.