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| TOP PICK | 62.400 | Michael Sprung | There have been some improvements in the bakery operations. Seeing more earnings coming in from the Loblaws sector. | 2008-11-18 | |
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| Comment | 59.500 | Peter Brieger | Looking at this through the common shares, but more particularly through the C or D preferreds, which are selling around $16.25 while the call price is $26. Doesn't expect this will occur anytime soon. Could give a good capital gains. | 2008-11-12 | |
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| DON'T BUY | 61.600 | Robert Floyd | Very defensive play and that is why a lot of people are interested in it. In a normal environment, food is a great place to be when the market is having troubles but in this case, it is not acting as well as it probably should. Competition is growing. | 2008-10-30 | |
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| BUY | 54.990 | Michael Sprung | One of few stocks that has been up recently | 2008-10-16 | |
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| TOP PICK | 54.450 | David Burrows | Strong Cash flow, low economic sensitivity, showing signs of improving. Little economic risk, start with partial position. Stop $46. | 2008-10-15 | |
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| HOLD | 46.890 | Robert Floyd | (Market Call Minute.) In a long basing phase along with Loblaw's (L-T). Loblaw's have had their distribution problems and he would like to see this issue resolved. | 2008-08-21 | |
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| PAST TOP SHORT | 44.090 | Jeff Parent | (A Top Short Feb 20/08. Gain of 7.7%.) Would probably be covering this one right now. Wouldn’t invest in this one way or another. | 2008-07-30 | |
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| BUY | 48.500 | Michael Sprung | A major large cap stock that has had total capitulation. Improvements in the bakery operation were wiped out by the appreciation of the Cdn$ as well as getting hit by the problems at Loblaws (L-T). Also hit by inflationary problems of the inputs going in. Selling at reasonable valuation level for a long-term investor. | 2008-04-30 | |
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| PAST TOP PICK | 49.560 | Michael Sprung | (A Top Pick Mar 16/07. Down 32%.) The capitulation followed the capitulation of Loblaws (L-T), of which they owned 70%. Loblaws has almost $30 of value in real estate in the stock. Cdn$ had a negative effect. Think this area will be more stable. The stock is worth a lot more than what it is today. | 2008-04-15 | |
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| PAST TOP PICK | 44.480 | Michael Sprung | (A Top Pick Feb 20/07. Down 37% including dividends.) The thesis at that time was that the US bakery operations were turning around. Any improvement was wiped out by the advancement in the Cdn$. Those operations are still in better shape than what they where, but it is all about Loblaws (L-T). He is considering averaging down. | 2008-03-05 | |
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| TOP SHORT | 47.900 | Jeff Parent | Been trading this one back and forth. Just covered a position and may be entering a new position soon. Broke through some fairly solid support. Feels Loblaws (L-T) is driving it down. Potential for going down to $40 is strong. | 2008-02-20 | |
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| DON'T BUY | 48.370 | David Baskin | (Market Call Minute.) Loblaws (L-T), which drives this stock, still has a lot of problems to work out. | 2008-02-19 | |
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| BUY | 49.700 | Norman Levine | 2 main parts to it, 1) holdings in Loblaws (L-T) and 2) bakery divisions throughout North America. Feels Loblaws is the dominant price in the stock, which has been hit a lot because Loblaws shares have come down a lot. (See comments under Loblaws (L-T). | 2008-02-11 | |
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| TOP PICK | 55.260 | Michael Sprung | (A Top Pick Jan 29/07. Down 29.4%.) Got hit with a double whammy last year. Just when they were turning the US bakery operations around last year, they had to fight the Cdn$. Could be cash flowing $11/$12 a share over the next couple of years. Also has some very attractive preferreds. | 2008-01-08 | |
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| DON'T BUY | 53.250 | Paul Gardner, CFA | Got hurt because it came out with lower earnings, based mostly on Loblaws, which is having terrific troubles with its margins, restructuring. Could go lower. 2.7% dividend. | 2007-11-21 | |
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| BUY | 65.780 | Michael Sprung | Likes this because 70% of it is really Loblaws (L-T). The market is underestimating the value of Loblaws, let alone their real estate. | 2007-11-06 | |
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| PARTIAL BUY | 75.600 | Rob Callander | Like a lot of other stocks, it has had a correction, but on top of that Loblaws (L-T) and some of their issues have affected it. He feels that Loblaws will work through their problems. This stock gives you a little bit of diversification. Buy this in stages. | 2007-08-14 | |
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| BUY | 80.050 | Michael Sprung | Potential and franchise value of Loblaws (L-T) is being underestimated, particularly given the large asset value that lies within the company. You also have a play on the US bakery side as well. | 2007-07-13 | |
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| Comment | 78.070 | David Baskin | Loblaws (L-T) vs George Weston (WN-T). If Loblaws doesn't turnaround, you have other parts to cushion the blow. This would be the safer pick, but it will not do well if Loblaws does badly. | 2007-06-19 | |
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| BUY | 78.070 | John O'Connell, CFA | Have really struggled because of their Loblaws exposure. They will get it right eventually. | 2007-06-19 | |
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| DON'T BUY | 74.970 | Brian Acker, CA | Has always been expensive to him. His model price is $58.47 a negative differential of 22%. Loblaws (L-T) writing off goodwill is a good thing for his calculations. | 2007-05-24 | |
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| TOP PICK | 72.210 | Michael Sprung | New management has come in to Loblaws and cleaning out everything. They will look pretty tight and lean when they're done. If their earnings bounce back to the norm of $5, it looks extremely cheap. | 2007-03-16 | |
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| TOP PICK | 73.800 | Michael Sprung | Recently replacing management with some top-quality changes. Making a very concerted effort on the supply chain management in Loblaws (L-T). | 2007-02-20 | |
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| PAST TOP PICK | 71.820 | Jonathen Wellum, B. Comm, B. Sc | (A Top Pick Mar 8/06. Down 18.9%.) Was too optimistic on Loblaw’s (L-T) turnaround. | 2007-02-09 | |
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| TOP PICK | 78.070 | Michael Sprung | Has recovered from around $70 to the $78 level. Market not giving credit for the underlying strength that Loblaws (L-T) has, which has taken steps to write off a great deal of inventory and worked very hard on their supply chain. Weston’s bakery business in the US has shown some signs of improvement. | 2007-01-29 | |
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| TOP PICK | 76.290 | Michael Sprung | Likes companies that are in a business that are going to relatively stable. Their Loblaws (L-T) holdings are taking a lot of action to get rid of excess inventory and put better tracking systems in place. Bringing in new management for this. Bakery business in the US is turning around. | 2007-01-05 | |
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| DON'T BUY | 73.700 | Paul Harris, CFA | One of the issues with this is that you have to feel comfortable where Loblaws (L-T) is as it is a very big chunk of their mix. Not a fan of Loblaws. It’s in a difficult situation. | 2006-12-12 | |
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| BUY | 70.260 | Michael Sprung | Despite the fact that Loblaws (L-T) is the major component, Loblaws has changed management and upgrading their distribution channels. Have started buying this one. | 2006-11-14 | |
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| DON'T BUY | 69.850 | David Baskin | Will pretty much track Loblaws (L-T). He likes the preferred shares, which he feels are pretty solid. Doesn't own the common. | 2006-10-23 | |
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| DON'T BUY | 71.840 | Peter Brieger | They have to get their act together at Loblaws (L-T). Too early yet. | 2006-10-16 | |
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| DON'T BUY | 71.900 | Robert Floyd | This is a question on how Loblaws will do. Wait a quarter or so to see how numbers are going to shake out. Senior executive changes were a little disturbing. Still has Wal-Mart competition to worry about. | 2006-10-13 | |
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| PAST TOP PICK | 70.070 | Jonathen Wellum, B. Comm, B. Sc | (A Top Pick Mar 8/06. Down 20%.) This has basically being driven by Loblaws (L-T). He is weathering through the food orientation to discount. | 2006-10-10 | |
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| VAGUE | 72.820 | Paul Harris, CFA | George Weston.
Competitors have caught up to them, very competitive area. | 2006-09-26 | |
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| TOP PICK | 78.230 | Michael Sprung | Buying a little less on return of equity, but paying a fair amount less for it. You have the food side through Loblaws (L-T), but you also have the bakery side. | 2006-09-19 | |
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| DON'T BUY | 78.450 | Ian Nakamoto | This is a defensive play and the market seems to be gravitating towards defensive stocks. Feels there are better ways to play it until earnings get turned. | 2006-09-11 | |
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| DON'T BUY | 75.370 | Laura Wallace | Principal asset is Loblaws (L-T) which has been struggling. Loblaw is doing the right thing on a long-term basis but execution has been very disappointing. | 2006-08-21 | |
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| WATCH | 73.090 | Peter Brieger | Has fallen off because of Loblaws (L-T). Cheap at 13 X earnings and is becoming so cheap, that it will be a great buy at some point. | 2006-08-14 | |
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| DON'T BUY | 73.090 | Laura Wallace | The key thing for them is its principal asset, Loblaws (L-T) which is currently way down. Their other operations are their bakeries that have high input costs. Of the 2, would prefer the purer play of Loblaws but wouldn’t buy either at this point. | 2006-08-14 | |
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| DON'T BUY | 73.000 | Bruce Campbell | Not a good chart. Owns 71% of Loblaws (L-T) whose chart is similar. The bakery side has turned around somewhat but is still not robust. Wait for the first decent “up quarter”. | 2006-08-10 | |
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| BUY on WEAKNESS | 81.490 | Peter Brieger | Would buy it below $80. On his radar screen. | 2006-07-18 | |
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| PAST TOP PICK | 85.550 | Gavin Graham | (A Top Pick Jan 31/06. Up 6%.) A cheap way to own Loblaws. There has been no change in its fundamentals. | 2006-05-03 | |
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| TOP PICK | 88.600 | Jonathen Wellum, B. Comm, B. Sc | He has owned George Weston for quite some time. They believe that this company is making structural changes to really position their business for the long term and to truly compete with Walmart and any one else that wants to come into the country. Giving investors a unique opportunity to buy Weston and Loblaws. Great long term conservative well run companies. Prefers to buy below $85.00 | 2006-03-08 | |
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| TOP PICK | 86.700 | Bob Stodgell | May have overstepped the program too quickly and are trying to fix it. The advantage is Loblaws , which is their core holding. Great positioning in market place and they have the stores. Walmart is a threat. But they are pretty experienced and they are going to rectify their mistakes. He bought in the low 80's. | 2006-03-02 | |
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| VAGUE | 88.110 | David Burrows | Food and Beverage stocks tend to be underperforming in the market. Risks are low though. | 2006-02-27 | |
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| VAGUE | 83.750 | Bill Carrigan | Watch the trends. Right now it is a down trend. Uncertain of the stock action. | 2006-02-14 | |
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| TOP PICK | 82.690 | Gavin Graham | The holding company for Loblaws (L-T) plus it has excellent businesses of its own. Excellent management. Their bakery business is turning around. Good price. | 2006-01-31 | |
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| DON'T BUY | 87.160 | Laura Wallace | Loblaws (L-T) is its principal asset. Loblaws and this one have been terrible investments this year. If you are a positive on Loblaws, owning their stock is the better way to play this. | 2005-12-22 | |
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| Comment | 84.360 | David Taylor, MBA, CFA | Looking at this one right now. The significant portion of this company is Loblaws (L-T) which is down quite a ways. The bakery side is trading at about 8 X cash flow, which normally would be 10 X cash flow. | 2005-12-20 | |
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| WAIT | 82.450 | Peter Brieger | At $70/75 it might be an interesting speculation. A first class company. Good for a 5-year hold, but not right now. | 2005-12-15 | |
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| SELL | 87.370 | Peter Gibson | The profitability for Loblaw’s (L-T) and Weston’s (WN-T) is deteriorating pretty quickly. Sees declining margins. | 2005-12-09 | |
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| TOP PICK | 106.710 | Bill MacLachlan | When they saw their bakery operations begin to turn around as well as a bankruptcy of a major competitor in the US, it made sense to have some exposure. | 2005-03-24 | |
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| BUY | 108.000 | George Loughery | Bakery assets are attractive because they are coming through a wee bit of a cycle because of the Atkins diet phase and the sell of in the last couple of years. | 2005-03-15 | |
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| BUY | 109.610 | Gavin Graham | A wonderful stock. You can buy it when it's cheap against Loblaws and vice versa. | 2005-02-07 | |
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| VAGUE | 109.610 | Larry Berman CFA, CMT, CTA | Investors are getting defensive. They are buying things like Weston's and Loblaws which tells you a little bit about the market environment. | 2005-02-07 | |
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| BUY | 111.660 | Mark Jackson, CFA | With this, you are buying a proxy on Loblaws which is hitting new 52 wek highs. Trading at 17 X earnings which is not too bad. The bakery business has been hurt by the Atkins diet craze. Just got a 5% pricing increase from Wal Mart. | 2005-02-01 | |
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| TOP PICK | 106.000 | Bill MacLachlan | 70% of its valuation is due to its holding of Loblaws. A bankruptcy of a major US bakery will be good for them. Loblaws is extremely well positioned. Should be able to withstand the onslaught of Wal Mart. PE ratio is reasonable. | 2004-12-17 | |
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| BUY | 104.100 | Norman Levine | Had good numbers. Feels the low carb is a fad. Would consider at this price. | 2004-11-23 | |
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| DON'T BUY | 97.250 | Martin Hubbes, CFA | Recently sold their holdings. An excellent company, but saw the dynamics of the baking business changing. Buyers of bread like Walmart are consolidating. | 2004-11-05 | |
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| VAGUE | 89.010 | Norman Levine | Loblaws is doing OK, but the bakery side is suffering. People moving away from carbs may already be built into the stock. | 2004-09-08 | |
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| PAST TOP PICK | 86.990 | Michael Sprung | (Past top pick June 21/04. Down 5.6%.) Hoping that the Atkin's diet craze will fade and the US bakery will pick up. A very good way to get exposure to Loblaws. Book value of $37. | 2004-08-17 | |
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| DON'T BUY | 88.000 | Brian Acker, CA | Q: Is a good way to play Loblaws is to buy Westons? A: Loblaws is fairly priced right on their model price. Weston's model price is $20 lower than the present stock price. Earnings on both companies are coming down. | 2004-08-11 | |
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| DON'T BUY | 93.100 | David Driscoll | Valuation of $58-$70 so the stock is too high at this price. Not very liquid and tends to be institutionally owned. | 2004-07-15 | |
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| BUY on WEAKNESS | 92.510 | James Cole, BA, CFA | Tremendously well run. Stock price has been dropping, but still not in his value range. | 2004-06-30 | |
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| BUY | 92.020 | Jonathen Wellum, B. Comm, B. Sc | Has been hit with the low carb diet craze, but this has brought the price down so that it is quite inexpensive. Well-run and very profitable. | 2004-06-25 | |
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| TOP PICK | 92.200 | Michael Sprung | A better value way to play Loblaws. Bakery situation in the US has pulled them back. Expect this will turn around. Good price. | 2004-06-21 | |
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| TOP PICK | 89.950 | Bob Stodgell | Had a big drop because of the Atkins diet but, their core business is Loblaws. Expect it will go sideways for a while. Has been under a lot of pressure so, at a good price. | 2004-05-13 | |
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| BUY | 92.260 | Michael Sprung | Has been under a little pressure because Loblaws has been off as well as the bakeries in the US been hit by the Atkins diet. At a good price now. | 2004-05-05 | |
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| BUY | 90.900 | David Baskin | A terrific holding company. Consumer staples that are good in almost any economic times. Reasonable price. | 2004-04-27 | |
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| DON'T BUY | 96.310 | Norman Levine | On the bakery side, you have the worries of people cutting back on carbohydrates. | 2004-03-12 | |
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| TOP PICK | 95.100 | Michael Sprung | A very inexpensive way to play Loblaws. Very levered to any sort of a recovery in the bakery business particularly. | 2004-03-04 | |
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| BUY on WEAKNESS | 97.400 | Ted Macklin | The weaker US dollar has hurt them and have had a difficult time in their food retail in the US. Whenever the macro environment changes for them, they will be in a very strong position. | 2004-02-26 | |
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| WEAK BUY | 97.000 | Laura Wallace | The major portion of this stock is Loblaws. The low carb phenomena has hurt the bakery side of the business. Would prefer Loblaws. | 2004-02-25 | |
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| BUY | 96.500 | Gavin Graham | A boring stock, but that's good. Own a big chunk of Loblaws. Suffering from the bakery wars in the US. A well-run company. | 2004-02-24 | |
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| DON'T BUY | 100.750 | Brian Acker, CA | Model price of $77 and thinks their Loblaws holdings is fairly valued. Good-quality stock. | 2004-01-30 | |
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| TOP PICK | 100.800 | Bob Stodgell | One of the few profitable bakers. Likes their Loblaws asset. Very good really retailers. A good long-term hold. | 2004-01-15 | |
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| HOLD | 96.990 | Norman Levine | One of the best run large companies in the country. Likes the outlook for the US bakery side of the business, but a little concerned about competition coming for Loblaws. Good for a long term hold. | 2003-12-04 | |
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| DON'T BUY | 96.900 | David Burrows | A well-run business to and invested some businesses that were not providing much growth. Under performing the market. | 2003-12-03 | |
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| BUY | 97.650 | Michael Smedley | Extremely high quality. The bakery side is struggling a little bit at the moment. Should be a core holding. Solid, but not exciting. | 2003-12-02 | |
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| PAST TOP PICK | 102.750 | Michael Sprung | (Top pick Sept 11/03. Down 3.8%.) Used it as a way of getting into Loblaws. Their bakery side of the business in the US has been disappointing, but thinks it is only a cyclical phenomenon. | 2003-11-11 | |
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| TOP PICK | 100.540 | Richard Stone | (Top pick Sept 10/03. Down 3.3%.) The most cost effective way to get to Loblaws. Expects the margin squeeze on the US bakery will stop. | 2003-10-29 | |
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| TOP PICK | 100.070 | Michael Sprung | A good way of getting exposure to Loblaws. You also get the upside of the bakery business in the US. Good price. Should earn $6 this year and $7dollars next year. Has an ROE of 18% plus. 1.2% dividend. | 2003-09-25 | |
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| PAST TOP PICK | 102.650 | Ted Macklin | (A top pick May 9/03. Up 3.5%.) Still likes. This was a play on Loblaw's and the US bakery business. | 2003-09-23 | |
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| DON'T BUY | 103.880 | Laura Wallace | Principal asset is Loblaw's and growth for them is very good. Looks a little expensive. | 2003-09-19 | |
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| TOP PICK | 105.990 | Michael Sprung | Likes their Loblaws asset and their bakery business. Relatively cheap. Can see 30% upside. | 2003-09-11 | |
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| TOP PICK | 105.380 | Richard Stone | (Was a top pick June 3/03. %) A good way to play Loblaws and have their bakery division as well. Good dividend. | 2003-09-10 | |
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| WEAK BUY | 106.000 | Ray Steele | Very stable business.As the stock market picks up, investors are looking for a little more excitement.Returns are likely to be higher elsewhere. | 2003-08-20 | |
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| BUY | 103.000 | Bob Stodgell | A more comfortable way of owning Loblaw shares. | 2003-07-15 | |
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| TOP PICK | 103.500 | Richard Stone | Likes their Canada Bread, Loblaws holdings. Good dividend. | 2003-06-20 | |
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| TOP PICK | 105.250 | Richard Stone | (Was a top pick on Apr 21/03. Up 16%.) Canada Bread partnership is good. Growth in US will fall into play. Loblaws is a great asset. | 2003-06-03 | |
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| BUY | 101.100 | John Zechner | Loblaws portion continues to do great. US food supply area has had some pricing pressures. Turning around. Pretty good growth story. | 2003-05-16 | |
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| TOP PICK | 98.400 | Ted Macklin | Strong management team and strong balance sheet. Expanding their operations in the US. | 2003-05-09 | |
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| HOLD | 91.000 | Peter Brieger | A superior performance of dividend growth. You get Loblaws cheaper this way. Could be an interesting global type stock. | 2003-04-23 | |
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| TOP PICK | 91.000 | Richard Stone | (Was a top pick on Jan 30. No change.)Excellantly run business. Good price and nice dividend. | 2003-04-21 | |
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| HOLD | 91.450 | Peter Brieger | Expects a growth in food stocks. Cheap. | 2003-04-10 | |
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| BUY | 95.250 | Brian Acker, CA | Good value. | 2003-04-07 | |
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| BUY | 94.050 | Mike Weir | A great long term hold. | 2003-02-10 | |
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| TOP PICK | 90.500 | Richard Stone | Have good holdings. Attractive price. | 2003-01-30 | |
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| WEAK BUY | 92.900 | Laura Wallace | Would prefer to own their subsiduary, Loblaws. Defense money could be moving out when interest rates go up. | 2003-01-22 | |
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| HOLD | 92.560 | Pierre Bernard | Should be a part of every portfolio. | 2003-01-20 | |
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| DON'T BUY | 93.180 | David Burrows | Not performing well. Money moving out of defensive stocks. | 2003-01-13 | |
Experts that have talked about George Weston Ltd.
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