17:24:12 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2015-03-05 C$ 239.50
Market Cap C$ 819,896,157
Recent Sedar Documents

Successful Inv says buy Canadian Tire

2015-03-05 21:21 ET - In the News

The Successful Investor, in its March, 2015, issue, says buy Canadian Tire Corp. Ltd., recently $118. The Investor said buy 22 times from September, 1999, to August, 2014, at prices ranging from $16 to $103. Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth $61,242. The retailer intends to spend $575-million a year from 2015 to 2017 on adding and upgrading stores and expanding its on-line businesses. It expects the program to increase its earnings by 8 per cent to 10 per cent annually over the next three years. In addition, Canadian Tire has updated its loyalty program with a mobile app, which allows customers to collect e-Canadian Tire money and use it for future purchases. In 2014, the company sold 20 per cent of its credit card business to Bank of Nova Scotia for $479-million. It has an option to sell an additional 29 per cent to the bank over the next 10 years. Canadian Tire's earnings will likely improve from a projected $7.70 a share in 2014 to $8.10 a share in 2015; the stock trades at a reasonable 14.6 times the 2015 estimate. The company now pays a 52.5-cent quarterly dividend; the annual rate of $2.10 a share is a 1.8-per-cent yield. Buy.

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