The Successful Investor Hotline – Friday, September 23, 2011

Article Excerpt

CANADIAN TIRE CORP., $56.03, Toronto symbol CTC.A, closed its e-commerce site in 2009, because this site was never as profitable as the company’s retail stores. However, the trend toward online shopping continues to grow, so this week the company launched a new web site that mainly sells tires. Orders will be shipped to a nearby Canadian Tire store, where a mechanic can install them. Canadian Tire is one of the few retailers that sells tires over the Internet. That should give this new site an advantage. As well, customers will probably buy more goods at the company’s stores while they wait for their tires to be installed. Canadian Tire is a buy. Canadian Tire was recently covered in the June 2011 issue of The Successful Investor. Click here to access it. Canadian Tire was recently covered in The Successful Investor Hotline for August 12, 2011. Click here to access it. LOBLAW COMPANIES LTD., $37.06, Toronto symbol L, continues to expand its private-label business…

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