Dollarama Inc T.DOL

G&M Stars and Dogs

[retiredcf]

No surprise here. GLTA

Dollarama Inc. (STAR)

$114.55+11.36 (11.01%) Past five days

Reasons you never invested in Dollarama: 1) “The shares are way too expensive. I’ll wait for a pullback”; 2) “There’s already a Dollarama in every neighbourhood. They have no more room to expand”; 3) “They keep raising prices. People won’t tolerate that forever.” Well, you only missed out on a total return of about 700 per cent over the past 10 years. No biggie. This week, Dollarama’s shares were defying skeptics again after the retailer reported same-store sales growth of 8.7 per cent from a year earlier in the quarter ended Jan. 28 as shoppers battered by inflation and high interest rates continued to flock to its discount stores for everyday items. With the stock at a record high, only an idiot would jump in now.

[torontoexchange]

The company bought over 250 million worth of stock at average $92/share. Mainly acting as market maker to absorb anyone selling their shares in the open market.  Canadian stocks are very illiquid, hardly anyone sells or buys.  The company is the market maker of this stock because no market maker would buy the stock at this price. The cash level of this company is same and not improving

[torontoexchange]

The shares are manipulated by the company, over 3 years it bought back over $600 million of shareholders cash to buy back stock mainly so insiders can cashout on options and investors can cashout at inflated prices. it's a very thinly traded stock and most of the buying is cross trades at the close   share buy backs $250,866,000     2020 $156,827,000   &

[torontoexchange]

it's a thinly traded stock like most stocks in the exchange. the way it trades, the market maker puts big bid on 105 and 115 as a floor. as the float in the open market is very small. i doubt the market maker will allow the stock to go below $100 since it has put over $700 million in supporting the stock price but only increased by 15% annual returns. since 2022 the stock was $80 over 2 years