BMTC Group Inc T.GBT

Consumer Cyclical

BMTC Group Inc. is a Canada-based company. The Company, through its subsidiary Le Corbusier-Concorde S.E.C. and its Tanguay division, manages and operates a retail network of furniture, household appliances and electronic products, in Quebec. The Company operates through two segments: Retail and Real Estate. Its Retail segment manages and operates, under Tanguay banner, a retail network of furniture, household appliances and electronic products, in Quebec. The Company operates retail outlets in approximately 25 locations across Quebec. The Company's Real estate segment holds a portfolio of properties in Quebec with the intention of proceeding with the development or generating rental income. The Company owns most of its stores and distribution centers. The Company intends to proceed with the real estate development of several rental residential towers on its property located at 125 boul. Desjardins Est in Sainte-Therese. This real estate project is in the exploratory phase.

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BMTC Group Inc > Decent q

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Post by undervalueon Dec 14, 2022 10:16pm

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Post# 35172316

Decent q

The company continues to perform well in a slowing market. 42 cents for the q.
The co. is selling a distribution site for 66 million, $2 per share, a 50 million pre tax profit.
I have not drilled into the Lavel development values.
The real estate values are clearly understated.
Book well over $12.
Cash and investments are $7 per share.
The div is 3%.

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The investment impact of the U.S. 25% tariff on Canadian imports