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Colabor Group Inc COLFF


Primary Symbol: T.GCL

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

Comment by Co2Harveston Nov 11, 2021 7:25am
173 Views
Post# 34113763

RE:RE:ROBERT BRISCOE : CASE SHOULD BE REFERRED TO AUTHORITIES

RE:RE:ROBERT BRISCOE : CASE SHOULD BE REFERRED TO AUTHORITIESYeah I can't help but think that there might be a simpler - and arguably more painful - market-based explanation. Briscoe sold at $1 in May, and at 85 cents in November. Maybe he just needed some cash? I still think we are heading into a painful period for restaurants who will be forced to raise prices to cover their rising food and staff costs (I read somewhere recently that dishwashers are getting offered $25/hr in BC!). We could have a sustained period where fast food joints do better than restaurants even more than than usual because the general public simply doesn't have the cash to pay 50% more for their steak dinner, or they simply don't want to. Same for groceries. I'd be lying if I said I hadn't changed some of my spending habits lately given the cost of beef etc. The perception may be that Colabor primarily serves restaurants but is that true? No. They serve institutions who need food regardless of the price. So that is good. They serve hotels.. well travel is starting to come back but not sure how long it will take to be "normal". I'm not sure how many fast food joints Colabor serves but I think I remember them shedding some unprofitable contacts with some big names in the last few years. That was the right thing to do in my view but the big questions in my mind as a shareholder is actually for all of Colabor's clients: "how's business?", "What's your outlook for the next year or two.. do you think you'll be growing?" and "Will you be ok without government assistance?". I'm still holding because I think Colabor has done an amazing job over the last few years. I have no idea if Briscoe helped or hindered, all I can do is look at their results. GLTA
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