Topic: How To Invest

Stock Pickers Digest Hotline – Friday, June 14, 2019

Article Excerpt

BMTC GROUP INC., $13.06, symbol GBT on Toronto, has 36 outlets and is one of Quebec’s biggest retailers of furniture, electronics and appliances. The company mainly sells these items through two chains: Brault & Martineau and Ameublements Tanguay. BMTC has changed its fiscal year end to January 31 from December 31. That brings it in line with most other retailers. December 31 is typically too close to the heaviest selling season. That means retailers may have a more difficult time producing annual financial statements and counting inventories because they’re focused on the sales floor. BMTC’s sales for the fourth quarter, ended April 30, 2019, fell 7.7%, to $149.7 million from $162.2 million a year earlier. The company lost $3.5 million, or $0.10 a share, compared to a profit of $4.8 million, or $0.13. BMTC’s loss in the latest quarter was mostly due to the lower sales. The year-ago quarter included a one-time gain of $4.5 million, or $0.13 a share, on the sale…

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