The Successful Investor, in the November, 2016, issue, says buy Loblaw Companies Ltd., recently $66. The Investor said buy 27 times from March, 1995, to April, 2016, at prices ranging from $11 to $73 (the stock split 3 for 1 in May, 1996). Assuming a $1,000 investment for each of the 27 buys, the $27,000 investment is now worth $50,028. Loblaw has agreed to pay $170-million for the Kelowna-based QHR Corp., which makes software that allows doctors and other medical professions to manage EMRs (electronic medical records). The deal should benefit Loblaw's Shoppers Drug Mart subsidiary as its pharmacies switch from paper records to EMRs. To put the purchase price in perspective, Loblaw earned $412-million, or $1.01 a share, in the second quarter of 2016. The takeover is expected to close by Oct. 31. (Note: Loblaw closed its takeover of QHR on Oct. 13, after the Investor's recommendation was published.)
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