Dollarama is updated and rated Sell at $61.81
I highly respect this as a business but simply find the share price to be too high for all the reasons indicated in the report. As a business it is an amazing success story. And it may continue to do well as a stock. But I have to go with what the numbers tell and that is that it is too rich, a Sell.
On Friday markets recovered somewhat from the gloom of Thursday. Our stock picks did well.
Most notably, Visa was up 4.6% to $125. As I have often said in regard to this stock and a few others. it’s hard to keep a good unregulated-as-to-price monopoly down. And I have explained in the report why I consider Visa to have monopolistic features. And most of its prices are largely unregulated.