Shoppers Drug Mart Corp. (SHDMF.PK)

All Comments on SHDMF.PK

  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:24 AM
    My Website
    General Discussion on SHDMF.PK
    Is this a buy or a sell? Reply
  • commenter
    engineeringe
    ddie
    Feb 10 10:51 PM
    UBS Analyst: Look for Opportunity in Canadian Consumer Stocks [view article]
    Yes, but the Canadian housing bubble deflation is lagging that in the U.S. by no more than a year. Still a better near-term consumer outlook than in the U.S., but these stocks are still expensive.
    I like Timmy Ho's since coffee and doughnuts are recession-proof and high-volume, high-value treats should steal a lot of slack from overextended Starbucks junkies (all it would take is for Tim's to introduce a couple "premium" coffee options during a recession to finish off the more marginal of the SBUX franchises).
    Shopper's is (in my opinion) overextended on its massive expansion of stores (there are three large Shoppers stores ON THE SAME STREET OVER AN EIGHT-BLOCK STRETCH in my small city). The Canadian category-killer drugstore market is supersaturated and Shoppers has set itself up to eat its own young by expanding so quickly.
    Rogers ... maybe ... but TELUS will come hard with a competing GSM product very soon. Luckily, cable is still set up in secure local fiefdoms, so ... maybe.
    All things being equal, I prefer to invest in Asian consumers at this point. Asians are still saving some of their money and their markets are nowhere near saturated. That points to producers of consumer goods with strong Asian markets, not providers of consumer services to North American markets of debt-drunk paupers.     Reply

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