Shoppers Drug Mart - SC
“Provides pharmacy products and services through retail drug stores across Canada. The company licenses its drug stores to pharmacists or associates who operate a retail drug store at a specific location in Canada using the company's trademarks, Shoppers Drug Mart”
Dividend Yield: 1.2%
ROE: 16.53%
PE: 26X
Estimated 2007 PE: 24X
Estimated 2008 PE: 21X
THESIS: the thesis behind this company is the same as WAG and CVS: older people take more drugs and fill more prescriptions. SC should also benefit from seniors buying more beauty items in an effort to keep looking young as well as more impulse items simply because they’ll be in the store more. SC is also now has cosmetic consultants that are placed right by the entrance of many of their stores to target older women who want to stay looking good. I think SC is a great company but would not be a buyer at these valuations.
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8 comments:
Your buying opportunity on Walgreens may have arrived this morning...
I tend to agree. There are so little large and mid cap health related stocks on the TSX that all the money gets pushed to a few select stocks and they tend to be over-bought.
as evidence with what happened to WAG. If SC ever misses earnings signicantly....look out...
My internet connection is so slow on vacation that it’s hard for me to get the whole story but this is exactly why I’ve been hesitant to buy WAG and other great companies such as SC, TOC and ATD.B & MMM (before their big drops). These companies are priced to perfection and as a result just get slaughtered if they don't meet expectations.
MG
I’ve been able to download a bit of the news but I think you might be right...probably a good time to buy. When I get back to the internet on Tues I’m going to take a real hard look at it.
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