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>Loblaws' stock price going up implies that their profits are better, Loblaw's PE ratio is 24, a bit high I'd say. Implying not good enough profits. Looking a
by incomingpain 2y ago
>Loblaws' stock price going up implies that their profits are better,
Loblaw's PE ratio is 24, a bit high I'd say. Implying not good enough profits.
Looking at gross profit across the last 4 quarters. No significant change.
So you make some assumptions and guesses here which aren't correct, then went on with analysis anyway.
>I think the fact that Canadians are upset with Loblaws is pretty well documented at this point.
This is perhaps/maybe true amongst the NDP and virtually nobody else. Liberals have voted against the NDP on this matter several times now.
This "pretty well documented" probably needs a better source when public data denies this.
- naasking 2y ago> This is perhaps/maybe true amongst the NDP and virtually nobody else. I have no idea where you're getting your information, but you seem out of touch. The widespread mockery they received for their "generous price freeze" on no name items was virtually unanimous.
- incomingpain 2y ago>I have no idea where you're getting your information, but you seem out of touch. You cede your position on the stock details and only respond to a small mostly unrelated sentence. I collected my information from the Toronto stock exchange. >The widespread mockery they received for their "generous price freeze" on no name items was virtually unanimous. This is another thing which I never saw. Not very widespread obviously. Especially given investor sentiment toward loblaws. So the Liberals taking a ton of heat over causing high inflation, amended the competition act, in september, to temporarily force grocery stores to freeze pricing. https://openparliament.ca/bills/44-1/C-56/ https://openparliament.ca/bills/44-1/C-56/ There was no specific against loblaws factor here, but it wasn't loblaws doing this out of the kindness of their heart. It's interesting how out of touch you seem to be. I've provided sourcing along the way here.
- adamomada 2y agoAnd again... are you getting all your info from the subreddit by chance?
- incomingpain 2y agoThey are quite obviously living in a NDP echo chamber somewhere. It's very interesting how much damage these echo chambers are doing to democracy. How has the governments not essentially banned all this censorship?
- adamomada 2y agoSomething very interesting: I live in southern Ontario and when I randomly opened up reddit.com in a private Firefox window the night before last (testing a low ram VM, needed some heavy js site) the top of the homepage was a sticky post from that subreddit. For hours. It didn’t even have that many votes or comments but it was stuck at post #1 somehow