July 18, 2014 13:30 Comments

I (very) rarely ever call and speak to company executives. I prefer the results to speak for themselves I prefer not to become friendly with management as that can make me less objective. Also executives will almost invariably paint a rosy picture.

Today, I did speak to the Liquor Stores N.A. CFO today by phone. I was concerned that emails to the company had not been answered. In fact, that was my mistake I had the wrong email address. (But I should have gotten bounce backs but did not) The CFO was quite upbeat about the future but did say it is going to take a while for recent and planned investments to show up in profits. He was also forthcoming about the challenges being faced from competitors. This company believes its expansion opportunity is in the U.S. I confirmed that the CEO does live in the U.S. which I find not at at all ideal. It may make sense longer term when they expand in the U.S.

I am not sure if their future is bright or not. I will likely hang onto my shares but am not planning to buy any more despite the lower price.

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