Updating your Aggressive stocks: Leon’s Furniture, Metro Inc. & Linamar Corp.

Article Excerpt

LEON’S FURNITURE LTD. $25 (www.leons.ca) is a buy. The retailer has 304 stores that sell furniture and home appliances. Leon’s has now completed its plan to buy back $200 million of its common shares (10.4% of the total outstanding) through a Dutch auction process. Fewer shares outstanding lifts earnings per share and gives remaining shareholders a greater stake in the company. Leon’s outlook also remains bright, particularly as the shift to remote work and learning due to the new Omicron variant of COVID-19 will likely spur more demand for desks and home office furniture. Leon’s is a buy. METRO INC. $67 (www.metro.ca) is a buy. The company operates 950 grocery stores and 650 drugstores (mainly under the Jean Coutu banner) in Quebec, Ontario and New Brunswick. The stock held up well despite new lockdowns because of the Omicron variant. In fact, it hit a new all-time high of $68.34 on December 17, 2021. The closure of restaurants to in-store dining will also cause more people to eat their…