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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

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Post by BSdetector2016 on Jun 07, 2017 9:11am

RE:Info

I have also been a shareholder for many years and share your pain. Curiously, I have yet to receive a call from either side. Declining margins may be the function of trying to move a lot of product at low mark-up. It may be, as PointNorth has indicated, poor inventory management. I am mad enough to vote for the alternate slate of candidates but understand that there are unknowns with PointNorth. You could withhold your vote but in this case it almost becomes an automatic vote for PointNorth. My concern is that if the current board gets back in they will shrug off the close-call, and get back to doing nothing about share price.
Comment by jimmytps on Jun 07, 2017 10:11am
In Alberta the rules only allow for up to one or two thousand cases to be allocated, all cases go through the goverment. So this means for their private label stuff they have to buy it all when it gets in to keep it private as possible (costco does this too). The liquor companies(Diageo, Molson,etc..) also do sales a few times a year, generally discounting between 8% and 20%. This means that if ...more  
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