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Colabor Group Inc T.GCL

Alternate Symbol(s):  COLFF

Colabor Group Inc. is a Canada-based distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets (HRI) in Quebec and in the Atlantic provinces, as well as the retail market. The Company offers specialty food products such as meat, fish and seafood, as well as food and related products through its Broadline activities. Its product categories include frozen food products, dry goods, dairy products, fruits, vegetables, meat, fish, seafood, poultry, disposable items, sanitation products and maintenance products. Its Norref products offer over 1,500 products sold fresh, frozen or live, including regional, exotic and eco-friendly fish, all varieties of seafood and processed products. Its Lauzon products include lamb, beef, delicatessen, turkey, game, fish, pork, poultry, veal, cheese, frozen food and portion. It also sells products under private brand, Menu. It distributes around 10,000 food and related products to 15,000 points of sale.


TSX:GCL - Post by User

Bullboard Posts
Comment by Pat123on Feb 03, 2018 10:57am
150 Views
Post# 27496294

RE:RE:RE:Debt is dropping toward the 80 crucial level

RE:RE:RE:Debt is dropping toward the 80 crucial levelMy guess will be around $1.

The company has about $125M in debt + $100M for the outstanding shares = $225M.

Yes, it's only about 15% of sales but the margins are so small and the business volume is decreasing.

Current major holders will agree to get taking over at that price since they are still making money. They bought the re capitalisation at 0.67 in Fall 2016

Finally at $1, it's a 40% premium to what the market is valuing its shares as of today

It's unfortunate, in Jan 2017 we were expecting much more. But as of today, I'll accept the $1

I hope I'm wrong. 

Good luck


Bullboard Posts