09:10:22 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Metro Inc
Symbol MRU
Shares Issued 248,525,486
Recent Sedar Documents

Successful Inv says buy Metro

2021-01-22 21:08 ET - In the News

The Successful Investor, in the January, 2021, issue, says buy Metro Inc., recently $60. The Investor previously said buy 22 times from December, 2007, to June, 2020, at prices ranging from $25 to $92 (the stock split 3 for 1 in February, 2015). Prior to that, sister publication Stock Pickers Digest said buy 16 times from September, 1998, to April, 2007, at prices ranging from $18 to $37.17 (the stock split 2 for 1 in February, 2002). A $1,000 investment for each of the 38 buys is now worth a pleasing $233,820. Metro runs 950 grocery stores and 650 drugstores in Quebec, Ontario and New Brunswick. Due to COVID-19, consumers are stocking up on essentials and eating more of their meals at home, much to Metro's benefit. The company is also seeing a steep increase in demand for on-line grocery shopping and home delivery services. To that end, Metro will build a dedicated facility in Montreal next summer to handle on-line orders, and also plans to double the number of stores offering on-line pickup by the end of fiscal 2021. The Investor says these moves should boost both profits and dividends. Metro now trades at a reasonable 17.2 times its likely fiscal 2021 earnings of $3.48 a share, and its dividend yield is 1.5 per cent. Buy.

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