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Costco Wholesale Corporation (COST $967.68)
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Loblaw Companies Limited (L $220.32)
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Dollarama Inc. (DOL $188.56)
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Metro Inc. (MRU $104.03)
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Empire Company Limited Non-Voting Class A Shares (EMP.A $55.55)
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iShares S&P/TSX Capped Consumer Staples Index ETF (XST $58.57)
Q: Hi Peter and the 5i Team,
John Heinzl on June 20 rated EMP.A as a “star” in his Stars and Dogs column in the Globe & Mail. We recently purchased a smallish amount in Empire EMP.A to round out our Consumer Defensive holdings which include COST, DOL, XST, and L.
As far as Metro MRU is concerned, it’s held in XST which also contains some of the other smaller firms in the sector.
Do you believe that the troubled takeover of Safeway by Empire several years ago is now a ‘thing of the past’, making Empire a reasonable investment, given its successful takeover of Farm Boy as well as its 51% share of Longos? Both Farm Boy and Longos are quite busy in our Oakville location.
Thanks as always for your insight. Happy Canada Day to all at 5i as well as my fellow 5i members!
John Heinzl on June 20 rated EMP.A as a “star” in his Stars and Dogs column in the Globe & Mail. We recently purchased a smallish amount in Empire EMP.A to round out our Consumer Defensive holdings which include COST, DOL, XST, and L.
As far as Metro MRU is concerned, it’s held in XST which also contains some of the other smaller firms in the sector.
Do you believe that the troubled takeover of Safeway by Empire several years ago is now a ‘thing of the past’, making Empire a reasonable investment, given its successful takeover of Farm Boy as well as its 51% share of Longos? Both Farm Boy and Longos are quite busy in our Oakville location.
Thanks as always for your insight. Happy Canada Day to all at 5i as well as my fellow 5i members!
Q: Hi Peter and team,
Portfolio Analytics indicates a need to increase our Consumer Defensive sector holdings. Across our combined accounts for this sector, we also hold COST and DOL, as well as two ETFs (ZLB with 19% representation, and XST with 71.5% representation in this sector.)
I am considering adding roughly equal amounts of L and JWEL to achieve the goal, and realize that L is much larger than JWEL, as well as being more defensive. But I do note that JWEL appears to have greater momentum presently and has a higher dividend as well.
PA classifies our portfolio as ‘Risk Managed Growth’, and L and JWEL would go into an 82-year-old’s RRIF.
Would you endorse such a plan? I’d also change the 50/50 allocation if you suggest this.
As always, thanks for your assistance.
Portfolio Analytics indicates a need to increase our Consumer Defensive sector holdings. Across our combined accounts for this sector, we also hold COST and DOL, as well as two ETFs (ZLB with 19% representation, and XST with 71.5% representation in this sector.)
I am considering adding roughly equal amounts of L and JWEL to achieve the goal, and realize that L is much larger than JWEL, as well as being more defensive. But I do note that JWEL appears to have greater momentum presently and has a higher dividend as well.
PA classifies our portfolio as ‘Risk Managed Growth’, and L and JWEL would go into an 82-year-old’s RRIF.
Would you endorse such a plan? I’d also change the 50/50 allocation if you suggest this.
As always, thanks for your assistance.
Q: Is there a clear case for preferring L to WN? L is more liquid while WN does slightly better on P/E and RoE; does liquidity win, here?