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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

Comment by DanielDardenon Jul 28, 2024 6:19pm
148 Views
Post# 36151907

RE:Upbeat Conference Call

RE:Upbeat Conference Call
DanielDarden wrote: Understandable as sales and margins improve simultaneously. It’s normally difficult to accomplish both in the food business but management continues to deliver impressively. With the forthcoming expansion into western Quebec further improvements should follow next year. The CEO indicated that  they are working on contracts for the 1st. semester of ‘24 and should be reflected then from the new facility. 

Despite the carnage in the market, this has held up really well. Buyers are likely sensing the optimism and sellers are diminishing. More coverage by analysts should be forthcoming and could be a huge catalyst.

Enthusiasm remains despite a flat Q2. Coverage by Desjardin should create more exposure and hence, wider interest. Debt is reduced more and margins are expanding. Restaurants don’t do well when the economy slows so no surprise there. Patience will b required short term but the potential returns far outweigh the risks so will be adding on weakness.
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