LOBLAW COMPANIES $62.24 - Toronto symbol L

LOBLAW COMPANIES $62.24 (Toronto symbol L; Shares outstanding: 412.8 million; Market cap: $25.9 billion; TSINetwork Rating: Above Average; Dividend yield: 1.6%; www.loblaw.ca) continues to benefit from sales of other products beyond food. For example, in 2006 it launched its popular Joe Fresh line of clothing, shoes and accessories. In 2009, Loblaw launched the Joe Fresh Beauty cosmetics line.

Joe Mimran, who co-founded the Club Monaco chain and helped launch the Alfred Sung brand, created the Joe Fresh line.

Loblaw sells these goods in over 330 of its supermarkets and through 17 stand-alone stores in the U.S. and Canada. It plans to open 140 more Joe Fresh stores outside of North America in the next four years.

Loblaw is a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.