Canadian Tire update September 5, 2016

Canadian Tire is updated and rated Buy at $136.72. Its Q2 earnings report was yet another quarter of strong growth. In a strange development, despite recent very strong results, they ousted their CEO after only 18 months in the top job (he had been promoted from within) to bring back the prior CEO who wanted more emphasis on e-commerce. This shows the danger for any CEO when the former CEO remains on the Board.