Company is very solid. We highlighted it back in 2019 on the Bull List as it continues to be a retailer that bucks the trend. Many have always feared the company would lose foot traffic due to e-commerce but it's also making very nice advances in the e-commerce sector.
It's got a very nice portfolio of brands and it's fueling strong growth. Some strong moves by management have also eliminated a lot of supply chain issues. If you're looking for blue-chip retail exposure, hard to argue with Canadian Tire. And at 10 times earnings and 13.5x cash flow, it's not really that expensive here either. It's not a company that's going to blow you away with sky-high growth. But in these market conditions, reliability is key and it's providing that.