| PAST TOP PICK | 24.610 | John O'Connell, CFA | (A Top Pick July 31/07. Down 32.9%.) Grocery store chain. Well regarded management team. Has been partly tarred by Loblaws (L-T) problems. Trades at 10X earnings. Still likes. | 2008-07-31 | |
| Comment | 24.350 | Norman Levine | Like all the Canadian grocery stores it has Wal-Mart to contend with. To compete, they’ve had to reduce their prices and their margins. Losing market share. | 2008-06-24 | |
| PAST TOP PICK | 21.210 | John O'Connell, CFA | (A Top Pick Mar 30/07. Down 42%.) Great company and really well run. Reported decent earnings. Dominion store acquisition is integrating very well in central Canada. People are worried about the Wal-Mart (WMT-N) and Loblaw (L-T) experience, but you can't compare the 2 as they have the least amount of exposure. Very reasonable multiples and a great long-term hold. Still a Buy. | 2008-03-03 | |
| BUY | 39.080 | Norman Levine | The best supermarket operator in Canada. Doesn't have much competition from Loblaw’s (L-T) in Quebec. Acquired the Dominion stores in Ontario. | 2007-05-01 | |
| TOP PICK | 36.500 | John O'Connell, CFA | Nice defensive name. Well-managed. Recently acquired Dominion Stores, which has been integrated well. Trades at a low multiple at around 14 X earnings. Strong balance sheet. | 2007-03-30 | |
| WEAK BUY | 35.200 | Peter Gibson | Looks pretty good. Meets all the characteristics that he is looking for in a stock with one exception. When profit growth is not supported by margin and asset turnover improvement, he's not sure the reason. | 2006-11-03 | |
| TOP PICK | 31.100 | Martin Hubbes, CFA | Earnings growth has been 12/13% over the last 5 years. P/E of 13 X forward earnings. Well-managed. | 2006-09-01 | |
| WEAK BUY | 31.150 | Veronika Hirsch | Defensive play. The kind of market where a lot of institutions are leaving cyclicals and going into defensive stocks. Numbers were good. Not cheap, but not expensive. Doesn't see many good expectations out of the stock. | 2006-08-29 | |
| BUY | 30.660 | Norman Levine | If you want to be in the supermarket business in Canada this or Sobeys (SBY-T) would be the ones, not Loblaws (L-T). A good investment. | 2006-08-22 | |
| PAST TOP PICK | 29.390 | Veronika Hirsch | (A Top Pick Jan 28/05. Down 9%.) Owns this as a Pairs Trade with Loblaws on the short side. Won on the Loblaws side, but not on this one. Still likes it. The recent acquisition of A&P Canadian will provide growth. A Hold for 2/3 years. | 2006-02-16 | |
| DON'T BUY | 33.890 | David Baskin | The grocery business is a low margin business. Got a little ahead of itself. | 2005-11-08 | |
| BUY | 33.300 | Ian Nakamoto | An excellent company that is often overlooked because of Loblaws (L-T), Sobeys, etc. Recent acquisition gets them into the Ontario market. It may take a few quarters to fully integrate it. | 2005-11-02 | |
| TOP PICK | 30.990 | Ron Meisels | Had a big base building between 2002 and 2004. In late 2004 it started to move above the $22 level which was a breakout, making it attractive to institutions. Then ran to $28, had a pause and with the latest news it has broken into new all time high territory. | 2005-07-29 | |
| TOP PICK | 31.010 | Veronika Hirsch | (A Top Pick Jan 28/05. Up 26%.) Won the biddding on the A&P assets. | 2005-07-27 | |
| PAST TOP PICK | 27.400 | Ron Meisels | (A Top Pick Feb 1/05. Up 7.5%.) Going higher because a lot of people are running to safety into consumer oriented stocks/staples. | 2005-04-11 | |
| TOP PICK | 27.200 | Gavin Graham | Pricing pressure in Quebec from Loblaws and Costgo has diminished. Had positive growth in margins and earnings for the first time in 6 quarters. They also own $400 million in Alimentation Couche-Tard ATD.MV.A-T which has been on fire recently. 1.5% dividend. | 2005-03-22 | |
| HOLD | 27.200 | George Loughery | Speculation that this and Sobey's (SBY-T) might be involved with the purchase of A&P Canada. | 2005-03-15 | |
| HOLD | 26.150 | John Zechner | Doing a decent restructuring. Had a lot of pressure when Loblaws moved into the province, but the business seems to be stabilizing. Last couple of quarters have looked a lot better. Long term investment. | 2005-02-14 | |
| VAGUE | 26.500 | Norman Levine | Has had a so-so history, but things seem to be getting better. There are rumors that A&P will be selling their Canadian division, which includes A&P and Dominion stores. Sobeys could be a buyer and then sell their IGA stores to Metro which would be good for them. | 2005-02-09 | |
| DON'T BUY | 25.640 | Jonathen Wellum, B. Comm, B. Sc | Has a lot of competition. Some speculation that A&P might be taken out of the market place resulting in further consolidation which would be the reason to own it. Prefers Loblaws and its parent George Weston. Wal Mart will put further price pressure on it. | 2005-02-04 | |
| TOP PICK | 25.440 | Ron Meisels | Had a big breakout from a trading range in late '04. Also institutions are going into the consumers staples stocks. | 2005-02-01 | |
| TOP PICK | 24.860 | Veronika Hirsch | Everyone's so negative on the market, but thinks this stock will do really well even in a negative environment. Cheap. Trades at 12 X next year's earnings. Owns Alimentation Couche-Tard which is doing really well which gives it $3 of extra value which is not reflected in the price. | 2005-01-28 | |
| HOLD | 24.090 | Kyle McKay | Has been a very good performer over the last couple of quarters. Somewhat pricey for the line of business that it is in. Because there has not been much food inflation, it leaves the stock somewhat susceptible over the near term. A defense stock. | 2005-01-24 | |
| BUY | 24.250 | Laura Wallace | Latest earnings report was very positive and showed some margin improvement. Stock is doing well on expectation that the price war Loblaws has been waging is waning a little. A good defensive stock. Likely to see some food inflation, so top line will grow faster than has been happening over the last couple of years. | 2004-12-23 | |
| DON'T BUY | 18.190 | John Zechner | Loblaws has created a problem for them ever since they bought Provo. A price war is on. | 2004-05-06 | |
| SELL | 20.700 | David Baskin | A wonderfully managed company and have had about 50 consecutive quarters of increased earnings but it has been dead money. Could be hurt easily by large competition moving in. | 2003-12-09 | |
| BUY | 19.980 | Richard Stone | Constantly have good earnings, but no voting control by shareholders. A 3rd level player in the sector. A defensive holding. Good dividend growth. | 2003-09-10 | |
| WEAK BUY | 19.440 | David Driscoll | Interesting, but haven't made the decision as to whether to buy or not.Some issues regarding management.Some pretty large stock bonus payments made.Deep discounting is another red flag. | 2003-08-08 | |
| BUY on WEAKNESS | 19.020 | Peter Arender, CFA | One of the more expensive grocer companies.A good buy on any weakness.Growing earnings very nicely. | 2003-08-05 | |
| BUY | 19.890 | David Baskin | Well run. Prefers over Loblaws or Sobeys. Good price. Solid company. Half the multiple of Loblaws. | 2003-07-08 | |
| BUY | 19.800 | Laura Wallace | Has done a really good job. Has a pristine balance sheet. | 2003-05-21 | |
| BUY | 17.630 | David Baskin | Trading at a low multiple. Has increased their dividend. | 2003-03-19 | |
| TOP PICK | 18.350 | David Baskin | Have had increased earnings for 46 consecutive quarters. Have increased their dividend. | 2003-02-06 | |
| BUY | 18.350 | Pierre Bernard | Have had great results. In a good sector. | 2003-01-20 | |
| HOLD | 17.500 | Michael Smedley | | 2002-10-25 | |
| TOP PICK | 17.150 | Vincent Delisle | A good hedge but also has good "earnings per share" growth. | 2002-10-17 | |
| TOP PICK | 16.100 | Martin Hubbes, CFA | A defensive play. Strong management. Moderate growth. | 2002-10-09 | |
| BUY | 18.400 | Jack Cook | A good business to be in now. | 2002-08-12 | |
| BUY | 17.450 | Laura Wallace | Very good company. Will be debt free by September. Money that moved in for defensive purposes is now leaving, so shares are dropping in price. | 2002-08-02 | |
| PAST TOP PICK | 19.270 | David Baskin | (Was a top pick on Apr 12. Down 13%) Still likes. | 2002-07-03 | |
| DON'T BUY | 21.390 | Michael Sprung | Cheaper than Loblaws, but a little ahead of fundamentals. (Money has moved into the stock for safety.) | 2002-05-27 | |
| BUY | 21.450 | Laura Wallace | Cheaper than Loblaws. ROE of 25%. | 2002-05-22 | |
| BUY | 21.000 | David Baskin | Prefers over Loblaws. A much better multiple. Well managed. | 2002-05-21 | |
| BUY | 19.700 | Michael Smedley | Has dropped a bit. | 2002-04-29 | |
| BUY | 19.800 | Laura Wallace | Have cut costs and increased market share. A good defensive stock. Strong balance sheet. | 2002-04-24 | |
| BUY | 19.600 | Ian Nakamoto | Down because of profit taking by investors. No debt. A good long term hold. | 2002-04-17 | |
| TOP PICK | 38.000 | David Baskin | Revenues keep growing. Good price. Prefers over Loblaws. | 2002-04-12 | |
| DON'T BUY | 20.750 | Laura Wallace | Has been a defensive play. Loblaws is so dominant that Metro will continue to face challenges in the market. | 2002-03-13 | |
| BUY | 20.750 | Richard Stone | Stock has been weak. Well run company. Good price. | 2002-02-28 | |
| BUY | 37.310 | Michael Sprung | Good "return on equity" at 20%. Not widely followed, so has stayed down in price. | 2002-01-17 | |
| DON'T BUY | 35.010 | John Zechner | A very defensive stock, so expects money to move out. | 2002-01-04 | |
| DON'T BUY | 35.450 | David Burrows | Defensive stock. Could have a drop when money leaves for growth stocks. | 2001-12-10 | |
| PAST TOP PICK | 36.600 | Ian Nakamoto | (Was a top pick on Jun 5 up 42%)Now fully valued. | 2001-11-21 | |
| BUY | 36.850 | Michael Sprung | Coming into their growth period. Should do well. | 2001-11-19 | |
| BUY | 32.000 | Steven Wippersteg | Have gone up, but still a good price. | 2001-09-21 | |
| BUY | 34.750 | Ian Nakamoto | Past TOP pick. Still likes. Good defensive stock. | 2001-09-18 | |
| BUY | 34.690 | Martin Hubbes, CFA | Prefers over Sobeys as well as the more expensive Loblaws. | 2001-08-24 | |
| BUY | 33.600 | Michael Smedley | Could be a takeover target. Willbe good. | 2001-08-17 | |
| TOP PICK | 27.750 | Ian Nakamoto | Immune from economic downturn. Undervalued compared to Loblaws. Good balance sheet. | 2001-06-19 | |
| TOP PICK | 26.300 | Ian Nakamoto | Good growth and earnings. | 2001-06-05 | |
Experts that have talked about Metro Inc (A)
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