BMTC GROUP $12.85 (Toronto symbol GBT.A; TSINetwork Rating: Extra Risk) (514-648-5757; No website; Shares outstanding: 37.9 million; Market cap: $483.8 million; Dividend yield: 1.9%) has 38 outlets and is one of Quebec’s biggest retailers of furniture, electronics and appliances. It mainly sells these items through its two affiliates: Brault & Martineau and Ameublements Tanguay.
The company has announced the end of its labour dispute with employees at its Montreal distribution centre. The two parties have agreed to a new contract.
That deal ends the lockout of workers imposed by BMTC on February 28, 2016. All normal activities of the distribution centre have resumed.
BMTC is still a hold.