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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 DanielDarden123on Apr 05, 2020 5:01pm
276 Views
Post# 30881146

RE:RE:New to Colabor Group Discussion

RE:RE:New to Colabor Group DiscussionI have looked at GCL recently to assess its’ viability going forward and also find it intriguing. With the wholesale division providing much better margins (8% vs 1%) than distribution, the sale of Summit (not closed) should be beneficial normally. How Sysco adapts to the New World is unknowable. Other uncertainties are: 1) has Recipe paid for the inventory as per the agreement; 2) does the Summit deal close; 3) will margins compress on the wholesale side because of the loss of hospitality and restaurants; 4) Q1 Financials could be messy.

On the certainty side, working capital stood at $58 M at Dec 31/19 and should improve if Summit closes ($10M). In addition, the new inventory should be designed for Quebec consumers only more easily.
Bullboard Posts