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 Sep 10, 2020 12:46am

244 Views

Post# 31531675

RE:RE:RE:RE:Briscoe Buying Big!

Unfortunately, with poor governance, lost of investor credibility and sudden top management leaving years after years from pressure from Briscoe, the stock is condemned to a 0.50-0.60 range if it's going private in the short term. It will be a steal if Briscoe is taken the company for $120M (stock and debt).

It's sad to see how bad the company stock price has been manipulated downward since the arrival of Briscoe. He has opposite objective versus the other shareholders. For him, lower sp is better.

Regarding Q3 numbers, sales should be ok but earnings really so-so. Another opportunity for Briscoe to pick up share at a discounted price!

Good luck

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