Q: Good morning,
Can I get your opinion on Loblaw after the split. I was looking at buying for my RIFF.
Thanks
Carl
Can I get your opinion on Loblaw after the split. I was looking at buying for my RIFF.
Thanks
Carl
5i Research Answer:
We continue to like L for safety and stable growth. We might not expect 30% gains every year (as in the past 12 months), but the dividend has room to grow, cash flow is solid and lower interest rates can help valuations. We would be very comfortable owning it.