Updating Metro Inc.

METRO INC. $42 (Toronto symbol MRU; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding 227.7 million; Market cap: $9.6 billion; Dividend yield: 1.5%; Dividend Sustainability Rating: Highest; www.metro.ca) operates 590 grocery stores and 250 drugstores in Quebec and Ontario.

The company last raised its quarterly dividend… Read More

Top grocers have a head start on Amazon

Shares of Loblaw and Metro—and many other grocers— fell on news that online retailer Amazon.com Inc. (Nasdaq symbol AMZN and a recommendation of Stock Pickers Digest) will buy organic grocery chain Whole Foods (New York symbol WFM). It will pay $13.7 billion U.S.
Investors fear that… Read More

Blue Chip Stocks: Metro shores up sales

Blue Chip Stocks: Metro shores up sales

Same-store sales for this leading grocer increased in the latest quarter, even as it moved to convert some of its locations to discount outlets.
METRO INC. (Toronto symbol MRU; www.metro.ca) operates 600 grocery stores and 250 drugstores, in Quebec and Ontario.
The stock has declined 15% since… Read More