Post by
d_trump on Dec 11, 2015 5:26pm
USD should give LIQ a nice lift in Q4
While only about 15% of their stores are in the US, those stores are bigger format and account for about 1/3 of their total sales. Also both the convertible debentures and bank line are $CAD, which is good, otherwise the benefit of US sales would be offset by US debt.
So US Q4 same store sales growth should be huge (including the currency) since last year the dollar was around 88 cents. Not sure about the effect on margins since I imagine a lot of their purchases are in USD. But overall, the low CAD should be beneficial.
Comment by
ILUVDIVIDENDS on Dec 12, 2015 3:02pm
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Comment by
Ticker28 on Dec 13, 2015 12:41am
actually 26 percent of total sales come from US market. See 2015 investor presentation this will increase now with New Jersey aqiusition to about 30 percent plus Ticker