Former parent has better prospects

On August 3, 2021, the old L Brands holding company (old New York symbol LB) split into two separate firms: Victoria’s Secret and Bath & Body Works. Investors received one new share of Victoria’s Secret for every three shares of L Brands they held. L.. Read More

This retailer remains vulnerable

VICTORIA’S SECRET & CO. $17 is a hold. The company (New York symbol VSCO; Consumer sector; Shares outstanding: 77.3 million; Market cap: $1.3 billion; No dividend paid; Takeover Target Rating: Medium; www.victoriassecretandco.com) took its current form in August 2021 when the old L Brands (New York symbol LB) became… Read More

Sobeys Inc. $38 – Toronto symbol SBY

Sobeys Inc. $38 – Toronto symbol SBY

Sobeys has undergone significant changes since this article was published in 2006, including its delisting by owner Empire Company LTD. See below for that June 2016 update, following an Oct. 2019 update on Empire.
2019:

Empire Company Ltd., $30.50, symbol EMP.A on Toronto (Shares outstanding: 269.1… Read More

Q: I have just received an announcement of a mini-tender for Loblaw stock by TRC Capital. It gives Loblaw shareholders the following options: Option 1: To receive $111.11 for each share of Loblaw; and Option 2: Not Participate (Default Option). I have 2,100 shares of Loblaw at the present time. Please advise which option I should take. Thank you for your kind attention.

A: Loblaw Companies Ltd., $119.50, symbol L on Toronto (Shares outstanding: 316.9 million; Market cap: $37.6 billion; www.loblaw.ca)is a recommendation of our flagship publication, The Successful Investor. It is now the subject of a “mini-tender” offer from TRC Capital Investment Corporation.

Mini-tenders typically bid for shares… Read More

Bath & Body settles with activist

BATH & BODY WORKS INC. $34 is a spinoff buy. The retailer of personal care and beauty products (New York symbol BBWI; Consumer sector; Shares outstanding: 228.4 million; Market cap: $7.8 billion; Dividend yield: 2.4%; Takeover Target Rating: Medium; www.bbwinc.com) was formerly called L Brands (old New York… Read More

We prefer the former parent right now

On August 3, 2021, L Brands (old New York symbol LB) became two separate firms: Victoria’s Secret and Bath & Body Works. Investors received one new share of Victoria’s Secret for every three shares of L Brands they held. L Brands then changed its name… Read More