Installation service should boost sales

Article Excerpt

CANADIAN TIRE CORP. $58 (Toronto symbol CTC.A; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 81.4 million; Market cap: $4.7 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.canadiantire.ca) will now install some of the household equipment it sells, such as garage-door openers, hot water tanks and central vacuum systems. Previously, customers had to install these items themselves, or hire professionals to do it for them. The company can now offer installation as a package deal with these products. That should attract more customers, and help it compete with retailers who already provide this service. Canadian Tire is a buy. buy…