Markets are closed today for the holiday.
On Friday, the S&P 500 was down 0.5% while Toronto was up 0.2%.
Shopify (always volatile) bounced down 3.0% and lululemon was down 2.0%.
One of the worst performers that I have followed for quite a long time is Andrew Peller. Last week there was news that much or even virtually all of the Okanagan wine vines have been killed by a bitter winter cold spell in January. If so it’s more bad news for Andrew Peller as they have substantial assets there in terms of both vineyards and also wineries.
Andrew Peller made no mention of this in its February 12 earnings release. It’s perhaps par for the course for this management not to mention the bad news. It’s hard to imagine that they were not negatively impacted.