Post by
sbbb2x2 on Feb 25, 2021 6:46am
earnings out
Overall, I would say results are solid. The increase in retail (using thew 12 weeks) is significant, however will have to have competitive data from Sobeys to see about share.
Looking ahead, 2022, with (hopefully) no Covid expenses, should be a great year.
They did significant share buyback, however would have liked to see a little bump in the divi.
Overall, expect an uptick in the sp. (I have certainly been wrong before.....)
SBBB
Comment by
oldinvestor64 on Feb 25, 2021 7:45am
Just a bit off the expectation, but the guidance is positive. The stock has been oversold , a rebound shoud emerge
Comment by
Chris_toronto on Feb 26, 2021 6:28pm
Scotia 12-month price target is $72. 15.5 times F2021 EPS. My question, why in the world is it being valued at 15.5 times EPS when the market is so flodded with liquidity? Isn't normal valuation when liquidity is more scarce 18 X for grocers? And Loblaw is more than just an average food retailer with some of canada's top brand names, retail locations, etc.