Empire Company Limited (EMP.A) - Page 3
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Thread: Empire Company Limited (EMP.A)

  1. #21
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    Quote Originally Posted by doctrine View Post
    Broke down below $22, new 52 week low. Many consumer staples names have had a bad start to Q2.
    Hmm I was initially going to pick up some HLF but maybe I'll reconsider depending on how low EMP.A goes. I do think the valuation for HLF is more attractive although I like the business of EMP.A better.


  2. #22
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    Yeah, it still actually performed considerably better than MRU

  3. #23
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    Epic $1B loss in the quarter for Empire, and more than $2B all told in the last year. That is a big loss on a $5-7B company.

    http://www.stockhouse.com/news/press...l-year-results

    Heads should roll. They say losses are 'deepening', and not just out west. I don't think I'd jump in here, alhtough earlier I said it might be a buy below $20, I wouldn't really buy until the business has at least stabilized.

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  5. #24
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    1 year return of -34% vs WN/L @ 11%/9% and MRU at 34%.

    Wow. Looks like MRU is about double the EV of EMP, despite having half the revenue. Wonder if EMP becomes a takeover target.

  6. #25
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    As a whole the grocery business is not particularly attractive. It's brutally competitive and consumers change tastes quickly. Sobey's uses a fresh, higher quality/service, higher price model/strategy which withered badly when the economy in Western Canada weakened. Budget grocery shopping is back in style and that leaves Sobey's/Safeway out of step.

  7. #26
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    Not sure I agree. The big three grocery retailers all have diversified formats with discount and high service banners (for Sobeys it is Freshco and Price Chopper). I suspect the majority of Sobey's problems are in terms of execution and strategy.

  8. #27
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    it trades $19 per share now. Lat time it traded 19 bucks in 2012 (!!!!!). What a drastic drop!

  9. #28
    Senior Member dubmac's Avatar
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  10. #29
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    Jul 2016
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    empire

    Anyone buying? I'm tempted

  11. #30
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    Jul 2016
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    Down down down , what gives? Tempted to add some more


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