August 9, 2012 Comments

Canadian Tire came through with good earnings and the stock was up 4.8% today. The actual Canadian Tire stores had about flat sales versus last year but the former Forzani Group stores did well, Marks also did well and financial services did very well. The market is probably going to continue to be somewhat cautious due to worries about Target coming in and Lowe’s. Certainly the company looks like quite good value. I do worry somewhat though that it appears to have a somewhat higher cost structure than some competitors. Possibly its convenient locations offset that sufficiently. I will delve into the earnings to study the details over the next few days.