The Successful Investor, in the January, 2021, issue, says buy Loblaw Companies Ltd., recently $66. The Investor previously said buy 34 times from March, 1995, to May, 2020, at prices ranging from $11 to $75 (the stock split 3 for 1 in May, 1996). Assuming a $1,000 investment for each of the 34 buys, the $34,000 position is now worth $56,496. Loblaw owns thousands of supermarkets and pharmacies across Canada. It recently launched a new mobile phone app, PC Health, in Atlantic Canada, Ontario, British Columbia and Alberta. The app allows users to consult with a registered nurse or dietician via live chat. Ideally, the app will help Loblaw attract more customers to its pharmacies and other health-related services, says the Investor. Loblaw remains a buy.
© 2024 Canjex Publishing Ltd. All rights reserved.