RE: RE: fairy talesButernuts - I agree - Philgreen is living in some sort of a fantasy land and is months if not a year out of date.
Both the Bank of Canada and the government - based on actual statistics - have announced the recession officially over.
August retail figures for consumer confidence came in unexpectedly strong.
Thinly traded shares such as PZA are easily distorted by a handfull of extra sellers.
There is nothing in PZA's recently released Q2 numbers to suggest that they are in any kind of difficilty - if anything quite the opposite with healthy cash back up.
Basically PZA is a cash cow delivering a steady stream of profit only marginally reduced by the worst recession in decades.
With the current upturn in the economy with better times just around the corner PZA is an excellent stock to park some cash.
So far I have yet to see anything to support Philgreens position. He talks in generalities - with few facts - and those facts he does provide are manifestly incorrect. Eg - he thinks we are in recession.