LOBLAW CO. $34.12 - Toronto symbol L

LOBLAW CO. $34.12 (Toronto symbol L; Shares outstanding: 281.4 million; Market cap: $9.6 billion; TSINetwork Rating: Above Average; Dividend yield: 2.5%; www.loblaw.ca) continues to invest in new computers as part of a far-reaching plan to improve its efficiency and avoid product shortages in its stores.

In the three months ended June 16, 2012, the company spent $20 million on these initiatives. That’s the main reason why its earnings fell 19.3% in the quarter, to $159 million, or $0.57 a share, from $197 million, or $0.70 a share, a year earlier.

Sales rose 1.3%, to $7.4 billion from $7.3 billion. Overall sales at its supermarkets rose 1.1%, while same-store sales rose 0.2%. Revenue from its financial-services division, which mainly issues credit cards, rose 14.9%.

Loblaw is a buy.

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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