The Globe and Mail reports in its Thursday, Nov. 17, edition that within consumer names, gambling
and bedding stocks have held up well. The Globe's Jennifer Dowty writes that
Great Canadian Gaming reported a solid quarter,
sending the share price soaring
12 per cent. Adjusted earnings
per share came in at 45 cents,
well above the consensus estimate
of 36 cents. Furthermore,
the stock has potential catalysts
in 2017 as the company has submitted
bids on several Ontario
Lottery and Gaming Corporation
Gaming Bundles.
Another consumer stock was
anything but a sleeper. On Nov.
1, Sleep Country Canada Holdings reported another quarter of
strong results with same-store
sales climbing 7.7 per cent compared
with the same period last
year, the 13th consecutive quarter
of positive same-store sales
growth. The share price rallied 4
per cent the next trading day.
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