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Bullboard - Stock Discussion Forum LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

TSX:LIQ.DB.B - Post Discussion

LIQUOR STORES NA LTD 4.70 PCT DEBS > booze market is changing across Canada
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Post by kijiji on Nov 18, 2015 11:57am

booze market is changing across Canada

will LIQ be involved in this?

The government wants to privatize more than half of the 75 liquor stores it owns.

Under the plan announced Wednesday morning, 40 stores will be sold to private operators, but it won't happen until after the next election.

If the Saskatchewan Party is re-elected, the sales will proceed.

The plan also calls for a dozen new private stores in what the government calls "underserved communities" — including Regina and Saskatoon.

The province says it will continue to bring in the same amount of money from booze by selling it wholesale to all of the stores.

The change announced by Liquor and Gaming Authority Minister Don McMorris is the biggest shakeup yet to the province's liquor retailing system.

In addition to the 75 government-owned liquor stores, there are also private rural franchises, off-sale outlets at hotels, and a small number of private stores in Regina and Saskatoon.

The government has been looking at more private liquor sales for more than a year.

Everything from the status quo to Alberta-style privatization of government-owned stores was on the table. The option outlined Wednesday is somewhere between the two extremes.

Comment by StompinTom on Nov 18, 2015 1:48pm
Not with its current debt load. If they are diversifying, it is to the US.
Comment by pjn0987654321 on Nov 19, 2015 10:12am
You were right.  Press release from Marketwire Liquor Stores Expands Into New Jersey, Connecticut, and Massachusetts.
Comment by StompinTom on Nov 19, 2015 10:41am
Actually Looks like a good acquisition. I would like to check out how they are funding this; I suspect Q4 must be going well and I didn't think Q3 was that bad, considering the economic headwinds and their capex/sap investments.
Comment by biggerr on Nov 19, 2015 4:34pm
why the huge drop from the morning high? Hopefully it resumes the upward motion tomorrow
Comment by kijiji on Nov 19, 2015 6:20pm
looks like a good spot to jump in.   I thought with the news it would have stayed above 9 bucks
Comment by Lenard49 on Nov 18, 2015 10:06pm
Liquor Stores NA have no outlets in Saskechewan
Comment by Al42 on Nov 19, 2015 8:33am
Press release from Marketwire Liquor Stores Expands Into New Jersey, Connecticut, and Massachusetts via Acquisition and Development Thursday, November 19, 2015   Liquor Stores Expands Into New Jersey, Connecticut, and Massachusetts via Acquisition and Development 08:12 EST Thursday, November 19, 2015 EDMONTON, ALBERTA--(Marketwired - Nov. 19, 2015) - Liquor Stores N.A. Ltd ...more  
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