Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, November 21, 2014

Article Excerpt

BMTC GROUP, $16.00, symbol GBT.A on Toronto, is one of Quebec’s largest retailers of furniture, electronic goods and household appliances, with 36 stores. In March 2012, BMTC introduced a new banner, Economax, which offers lower-priced products. The company rebranded four outlets that had been Brault & Martineau liquidation centres. In 2013, BMTC opened four more EconoMax stores. It added another, in Joliette, in March 2014, and an additional one, in LaSalle, on October 24, 2014. BMTC is now considering purchasing land in Drummondville for a new store that would open in late 2015. In the three months ended September 30, 2014, BMTC’s sales rose 1.5%, to $190.2 million from $187.3 million a year earlier. The company earned $0.40 a share, up 17.6% from $0.34. Even with the improved results, BMTC’s outlook is uncertain in a tough retail climate. Its new focus on its discount Economax stores could also squeeze its profit margins. BMTC Group is still a hold. BMTC Group was recently covered in the October…