TSX:LIQ.DB.B - Post by User
Comment by
Goldbuggy1on Jan 19, 2016 8:14pm
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Post# 24474651
RE:All about Alberta exposure? (70% Nov 9, 2015)
RE:All about Alberta exposure? (70% Nov 9, 2015) VerusSemperSors wrote: That is the impression left by the Globe article of that date "Why Liquor Stores shares have plunged more than 19% in two days". Is there anything else weighing LIQ down other than their heavy Alberta exposure? SP seems strangely low - so what am I missing? -GLTA
I think the majority of Shareholders are in the Hold Position right now and not adding to it until the Q4 Report in March. I also think that the Stock Markets as a whole, Oil Prices, and the Canadian Currency are also all in negative territory. So not really a good time to buy anything. What I do know for sure is that this 70% Alberta Exposure is misleading information. This only takes into account the number of stores in Alberta as a percentage of total stores, and not on earnings or profit. With these larger Format Stores in the USA, and now including 2 in New Jersey, I highly doubt the Alberta Exposure is even more than 50% right now on total sales.