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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Marc Fortier who wrote (16639)	3/17/2003 1:26:02 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78615

Marc Fortier, I'll pass on Metro. I am still feeling too much pain from owning USA-based grocery chains. ... And I'm trying to stop myself from buying even more as p/e's of the majors drop to the 7-8 level. Same 'ole story for them...Wal-Mart. finance.yahoo.com

To: Marc Fortier who wrote (16639)	3/19/2003 9:15:19 PM
From: Demetre Deliyanakis	Read Replies (1) \| Respond to of 78615

Metro is a Quebec based grocery distributor. They are looking to expand into the rest of Canada. I think they are trying to bid on the A& P chain which may be up for sale. In Ontario, Loblaws has the biggest market share , followed by Sobeys. Walmart is bringing Sam's clubs to Ontario which will pick up some sales from Costco. Metro had some internal problems with the dealers and the President. I think Sobey's SBY.TO is a better value pick. Loblaws (L.TO) is a high quality stock. However, the increased competition from Walmart will begin to affect them. Demetre