LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:Ridiculous!

[OilMoneyAB]

Goldbuggy1 wrote:
The more I look into this Q3 Report the more ridiculous this share price looks to me now. We had 35 stores in BC, 22 stores in Alaska, 15 stores in Kentucky, and 177 stores in Alberta. For a total of 249 stores. From the 177 Alberta Stores only Fort McMurray with 7 stores, and Grande Prairie with 9 stores reported slower same store sales. So a total of 16 stores. Edmonton with 81 stores, and Calgary with 44 stores both posted an Same Stores Sales increase. The remaining 36 stores in Alberta did not report one way or the other, but if sales were higher than expected, or lower, I think they would have been mentioned. So I count them neutral. Both BC and the USA reported Same Store Sales increases. So what you have is 16 stores out of 249 Stores which reported slower Same Store Sales. Or 16 / 249 = 6.5% of there total stores. But on this news and perhaps growing fear about the Alberta Economy this stock price has dropped 245%. Even after the purchase on the New Jersey Stores and the building of 2 more stores in the N.E., and a declared Dividend Payment for November, December, and January, which nobody thought they would make. All I can say is that this current stock price has sure got me fooled. I am looking forward to coming news and especially the year end report which should come out about the first week in March. It can't be worst than what Investors tend to think it will be.

 

I just want to echo the Alberta Market a little bit. I know this is a really small sample and probably does not mean much. But today I sat on a bench outside A liquor Depot for about 20 minutes in Lethbridge Alberta a city of 90 2 hours south of Calgary. A Saturday Afternoon and the shopping Plaza has a fairly steady pace of traffic in and out . I was satisifed with the volume of people stopping to grab liqour and was even more impressed with the varied demographic. We had your Typical 20 somthing Males, middle aged man, all the way up to a couple of Grandama's, a good mix of males and females. The males that were purchasing beer all of them came out with non "cheap stuff" No keystone or Brewhouse as you might expect, but 12 and 24 packs of Bud, that sort of thing. Everyone who enetered came out with a purchase except for 1 person. I don't know take it for what it's worth, sure same store sales might be down a bit but the AB economy is not colapsed and we have a lot of stores outside of Fort Mac and GP who's economys are much more diversified.