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| Comment | 59.230 | Bruce Campbell | Dividend is only 0.9% and would like to see this raised to 3%-4%. Trades at a pretty big discount to asset value and there would probably be a higher stock price with a higher dividend. | 2012-01-03 | |
| Comment | 57.730 | Gavin Graham | Recently acquired Shell gas stations in Atlantic Canada, which is a good fit. Compared to Loblaws (L-T), this has been a big success story. | 2011-12-28 | |
| BUY on WEAKNESS | 56.000 | Don Vialoux | Has been going higher in a market that is going lower. Resistance at around $60. Has a longer-term upward trend. Strength, relative to the TSE is positive. Have been indications of stability recently where the market has been going down. All positive technical indicators. Try to buy at the 200 day moving average of $54. Looking at $62 in 12 months. | 2011-10-07 | |
| TOP PICK | 53.290 | David Baskin | Sobeys grocers, Crombie REIT, Empire cinemas, etc. Grocery stores have been in a price war. Loblaws (L-T) reported better margins, so expect this will too. If you count all the pieces of this company, they add up to much more than the stock price, probably $70-$75 a share. | 2011-05-05 | |
| BUY | 53.600 | David Baskin | Empire cinema chain, Sobeys, etc. Well run company and probably trades at a significant discount to its value. Rising grocery prices a good for the industry because they slip in increases in their margins. | 2011-03-22 | |
| BUY | 52.600 | Barry Schwartz | Excellent entry point. Bought more today. We are going to see higher food inflation, which is good news for investors. Worth $80 a share compared with piers’ multiples. Every year they raise the dividend and have yet to announce it this year. | 2011-03-01 | |
| BUY | 52.920 | David Baskin | Sobey’s grocery stores is their big holding as well as Crombie REIT (CRR.UN-T) and the Empire Movie chain. This has fallen back with all the grocery stocks because of concerns of competition and low margins. Net Asset Value of probably $75 or $80. With inflation he sees grocery stores having better margins. | 2011-02-08 | |
| TOP PICK | 52.610 | Barry Schwartz | Food inflation is increasing, which will be very profitable for earnings. You get about $10 a share in real estate and other assets such as Crombie Real Estate (CRR.UN-T) and movie theatres. Feels Net Asset Value is about $80 a share. | 2011-01-26 | |
| WEAK BUY | 55.700 | Jim Huang | A name you can rely on for the long term. He prefers WN. | 2010-12-30 | |
| PAST TOP PICK | 55.750 | David Baskin | (A Top Pick Dec 15/09. Up 24%.) Good holdings. Smart ownership. | 2010-12-22 | |
| PAST TOP PICK | 55.750 | Barry Schwartz | (Top Pick Sep 29/09, Up 29%) Still undervalued. Owner of Sobeys. Best performing grocery store in Canada. | 2010-10-05 | |
| PAST TOP PICK | 53.950 | Barry Schwartz | (Top Pick Sep 29/09, Up 29%) Expects really good earnings. Little food deflation did not stop good results. Dividend is up. Thinks it is the best performing grocery story. | 2010-08-10 | |
| PAST TOP PICK | 52.600 | David Baskin | (Top Pick Jun 18/09, Up 14%) 3 main assets. Sobeys, Cromby and movie theaters. The companies are worth $80 a share if values individually. Nice dividend (increased) and solid earnings. | 2010-07-06 | |
| PAST TOP PICK | 52.650 | Barry Schwartz | (A Top Pick Sept 29/09. Up 19.38%.) A lot of value in this company. High Cdn$ has created deflation in grocery stores so he expects weaker earnings this year. Expect it will turn around and there will be food inflation again. Not a lot of competition. Trades at a deep discount to Loblaws (L-T). | 2010-04-20 | |
| VAGUE | 52.650 | Douglas Kee | Food stocks have done fairly well in this environment because they are defensive. They own a lot of real estate and that is why they have done so well. You need inflation for food retailers to do really well. | 2010-04-20 | |
| BUY | 51.710 | Barry Schwartz | Took Sobey’s private in 2007 and that component is worth $75. Have done a spectacular job of turning the stores around. Gaining good market share. | 2010-03-24 | |
| PAST TOP PICK | 49.290 | Barry Schwartz | (Top Pick Sep 29/09, Up 13%) Quality company. Management should look at spinning out Sobeys. Lots more upside on this stock. Valuation is cheap. Good record of raising dividends every year. | 2010-02-22 | |
| TOP PICK | 45.750 | David Baskin | Has Sobey stores, Empire Theatres and part of Crombie REIT (CRR.UN-T). Suffers from a holding company discount. An analysis said that the Sobeys alone is worth $65. | 2009-12-15 | |
| PAST TOP PICK | 44.500 | Barry Schwartz | (Top Pick Sep 29’09 Up 2.4%) Sobeys parent. Still likes it. Cleaned up their balance sheet. Stock is still down. They are the best performing food retailer in Canada yet trades at a 30% discount. | 2009-12-02 | |
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| BUY | 45.040 | David Baskin | As with many conglomerates, the value of the assets is much higher than the value of the stocks. The value will come out over time. 1.6% dividend. | 2009-11-19 | |
| PAST TOP PICK | 43.280 | Barry Schwartz | (A Top Pick Sept 29/09. Down 0.18 %.) Cheap. Still Buy. | 2009-11-10 | |
| BUY | 43.210 | David Baskin | A core retail in that it will continue to grow in spite of the economy. Well managed. Has a record of increased dividends. Good, solid core holding. | 2009-10-27 | |
| TOP PICK | 43.670 | Barry Schwartz | Holding company with main asset being Sobey’s, the best performing food retailer in Canada. Stock has not done well this year. Trading at 10X earnings versus its peers at 14X-15X. Raised its dividend regularly over the last 25 years. If the market doesn't recognize the value, Sobey’s family may spin out Sobey’s again. It's worth $75 a share and is only trading at $40. | 2009-09-29 | |
| Comment | 40.850 | Bruce Campbell | Thought they had overpaid when they had bought Sobey’s Food Stores. Stock has been weak since but is getting into a range where he would look at it again. | 2009-08-10 | |
| TOP PICK | 41.320 | David Baskin | Have 3 legs. 1) Sobey stores, 2) Empire Theatres and 3) Crombie REIT (CRR.UN-T) which it controls. Very well run company. Paid a dividend every quarter since 1982. Did a share offering and has not recovered since. | 2009-07-27 | |
| TOP PICK | 47.000 | David Baskin | Grocery stores. Took advantage of Loblaws (L-T) difficulties to increase Ontario market share. A lot of the plazas and malls where their anchored tenants, Sobeys, are located are owned by Empire or through their captive Crombie REIT. | 2009-06-18 | |
| BUY | 48.740 | Michael Smedley | This company is fine. One of the few select companies in the staples area in Canada. Good and solid. | 2008-12-31 | |
| Comment | 43.890 | Michael Smedley | (Market Called Minute.) By if you are very conservative. Very blue chip family company. | 2008-08-01 | |
| DON'T BUY | 37.900 | Colin Stewart | There is a general concern in the grocery store industry in Canada. A lot of fundamental pressures including Wal-Mart and Costco getting into groceries. | 2008-02-27 | |
| HOLD | 42.020 | Michael Smedley | Regards it as one of those very old, rich family organizations. Probably worth holding on. Fully priced. | 2007-12-12 | |
| DON'T BUY | 42.140 | Bruce Campbell | Fundamentals are fine. Doesn't like the valuation of it. It's fully priced. | 2007-06-05 | |
| BUY | 44.000 | Michael Sprung | Real estate and Sobey’s grocery stores. Sobey’s has been gaining market share. Not sure that the east coast real estate has been doing as well. | 2006-12-08 | |
| PAST TOP PICK | 41.500 | David Baskin | Up 17%. Spinning their real estate into a REIT. Sobey stores have performed well. Stocks are a liitle expensive at this price. Be selective when buying. | 2006-02-28 | |
| TOP PICK | 35.610 | David Baskin | Owns the Sobey’s chain of grocery stores as well as a lot of real estate in Atlantic Canada. Trades at a discount to the value of its assets. A Conservative pick. | 2005-12-19 | |
| DON'T BUY | 22.250 | Mark Jackson, CFA | Price looks attractive, but would rather own the leader, Loblaws. | 2003-04-14 | |
| BUY | 24.290 | Michael Sprung | A good stock to earn long term. | 2002-12-09 | |
| BUY | 25.000 | David Baskin | Pretty good price. | 2002-10-31 | |
| BUY | 26.100 | Bruce Campbell | Its the parent of Sobeys and likes Sobeys, but prefers buying Sobeys direct. | 2002-10-28 | |
| BUY | 57.000 | Bruce Campbell | Sobey's is good value, but prefers owing Sobey's direct. | 2002-07-29 | |
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| DON'T BUY | 59.500 | Brian Acker, CA | Likes, but too expensive. | 2002-04-12 | |
| DON'T BUY | 31.000 | Ray Steele | Had their run. Not keen on this sector | 2000-12-13 |
