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Colabor Group Inc T.GCL

Alternate Symbol(s):  COLFF

Consumer Defensive Food Distribution
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

Colabor Group Inc
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Comment by Pat123on Feb 23, 2018 12:54am
259 Views
Post# 27607233

RE:RE:RE:Update on profits

RE:RE:RE:Update on profits As of today, I don't think that we could talk about turnaround anymore. We are more in a stop the bleeding mode. For a second year they mentionned that profitability will only improve at the end of the year. Another bad sign. With this kind of company combined to an over evaluated stock market that is just starting to correct, things could get ugly very quickly. There is no reason to buy now. Wait for some positive signs.  Fall 2018.

Briscoe bought 2M in 2017 to bring is total to 10.4M share that represent exactly 10% of the outstanding share. Strategic. He reached the critical 10% level. I'll be very happy to see more share buying by him but I doubt that will happen. A takeover could be in the cards over.

Good luck 


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