Why are they in different sections in the screeners?

0
0

L is listed under Consumer Discretionary
EMP.A is under Industrials
MRU is under Consumer Staples

Also, are they overpriced now due to COVID? Future growth in share prices?

Marked as spam
Asked on December 7, 2020 7:36 am
0 views
0
Private answer

Thanks for the prompt response, Mat.

As for Loblaws, it owns the biggest pharmacy chain in the country (Shoppers). Any thoughts?
Out of the three - L MRU and EMP.A I can't decide which one to buy and hold for the long term. Please Advise. Thank you.

Marked as spam
Posted by Kourosh Fallahzadeh
Answered on December 7, 2020 8:01 am
0
Private answer

Hi Chris,

EMP should definitely be in the Consumer Staples section - will have a look.

As for overpriced, Metro is trading at a premium to peers but it always has. It is also trading at a light premium to historical averages, so I'd say it is close to being fairly valued at the moment. The company is expected to grow at a mid-single digit rate, so I'd expect slow and steady growth out of Metro.

On the flip side, Empire is trading at a slight discount to peers and it is also trading at a discount to historical averages. At a forward PE of only 14.86, it looks to be more of a value play. This is especially true when compare against future growth estimates. The company is expected to grow at at high-single digit rate, which is one of the better growth rates in the grocery industry.

Mat

Marked as spam
Posted by Mathieu Litalien
Answered on December 7, 2020 7:49 am