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Empire Company Ltd T.EMP.A

Alternate Symbol(s):  EMLAF

Empire Company Limited is a Canadian company, which is engaged in the business of food retailing, through wholly owned subsidiary Sobeys Inc. (Sobeys), and related real estate. The Company's segments include Food retailing, and Investments and other operations. Sobeys owns, affiliates or franchises more than 1,600 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's and Lawtons Drugs, operates grocery e-commerce under the banners Voila, Voila par IGA and ThriftyFoods.com, and operates and/or supplies more than 350 retail fuel locations. Investments and other operations segment consists of investments in Crombie REIT, real estate partnerships and various other corporate operations. Crombie REIT is focused on owning, operating and developing a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores and mixed-use developments primarily in Canada's urban and suburban markets.


TSX:EMP.A - Post by User

Bullboard Posts
Comment by mo1975on Jul 26, 2017 8:52pm
114 Views
Post# 26514190

RE:RE:RE:RE:RE:There

RE:RE:RE:RE:RE:There yes i know the upside will be limited until they have rid themselves of the safeway problems... remember they paid 4 b  but they also wrote down over 2 b of that in the last two years...... the problem they face in the alberta/border/saskatchewan was the fact that in order to get employees 10 years ago in the oil boom they had to pay cashiers over 25 dollars an hour.....now that the oil crunch has happened these type of high wages is really hitting the margin... hopefully Medline will find a way to manage this over the next 3 years.... once that is done you will have more upside with empire than with loblaws or metro... in the meantime i think they will still be able to pay their dividends
Bullboard Posts