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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Good Afternoon Peter and Team,
Immediately when I heard that Loblaws had bid for Shoppers I purchased Jean Coutu (PJC.A- TSX). It is not a cheap stock and I probably overpaid but it does generate considerable free cash flow and may have about $500 million of cash on the balance sheet after selling their entire stake in Rite Aid. Do you think that Metro might have interest in purchasing PJC.A and, if so, do you think they could convince the Coutu family to sell ???
Thank you, DL
Read Answer Asked by Dennis on July 23, 2013