Q: Pat, what do you think of Empire Company? Thank you.

A: Empire Company Ltd., $40.37, symbol EMP.A on Toronto (Shares outstanding: 238.5 million; Market cap: $9.7 billion; www.empireco.ca), is primarily a food retailer and also invests in real estate.

The company operates through two segments: Food retailing, and Investments and other operations.

Empire’s Food retailing segment does… 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

Acquisitions usually increase your risk

Empire, the holding company that owns the Sobeys grocery chain, hopes that its purchase of Ontario supermarket chain Longo’s will help it compete with rivals Loblaw and Metro, as well as U.S. giants Walmart and Costco.
We feel the company will apply the lessons it learned… Read More

Spinoffs & Takeovers Hotline – Friday, April 9, 2021

RESIDEO TECHNOLOGIES INC., $28.06, symbol REZI on New York, makes heating, ventilation and air-conditioning equipment. It also distributes fire protection and building security products.

Honeywell International Inc. (symbol HON on New York) spun off Resideo in October 2018. Honeywell shareholders received one share of Resideo for… Read More