The Investment Reporter, in its May 13, 2016, issue, says hold the Jean Coutu Group (PJC) Inc., recently $19.06. The Reporter said buy 27 times from Nov. 17, 1995, to Feb. 12, 2016, at prices ranging from $8.92 to $35.40 (the stock split 2 for 1 on Sept. 27, 2000, and on Sept. 23, 2002). Assuming a $1,000 investment for each of the 27 buys, the $27,000 position is now worth $55,559. Jean Coutu is a drugstore chain headquartered in Quebec. In fiscal 2016, it earned $214-million, or $1.14 a share, compared with earnings of $219-million, or $1.16 a share, in fiscal 2015. The company performed better than its earnings suggest: The 1.7-per-cent decrease in earnings is due to a one-time tax provision of $4.7-million. In fiscal 2016, the company also spent $40.7-million buying back 2,170,790 of its Class A shares. Jean Coutu has raised its dividend by 9.1 per cent to 48 cents a share. This yields 2.5 per cent. With cash and temporary investments over $100-million, as well as no debt, the company can afford to keep raising its dividend. In fiscal 2017, it is expected to earn $1.14 a share. Based on this estimate, the shares trade at a very high price-to-earnings ratio of 16.7 times. Hold for now.