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11-07-2023, 01:20 PM
(This post was last modified: 11-07-2023, 01:21 PM by danbrotherston.)
I mean, sure, but most people are more swayed by the potential of hundreds of thousands of dollars.
My guess is that there were other reasons they couldn't sell.
Either way, we'll be in town then, I might check them out, if I'm willing to find my way over to the boardwalk without a car.
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Given it's a retirement sale, they presumably feel comfortable in their financial situation.
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Always hated their Boardwalk location, but it was probably close to the demographic of people who have the money to spend there. Also probably they felt some competition from MEC Kitchener (which has a far better location).
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New competition recently opened just a few doors down, as the Boardwalk now has an LL Bean outlet.
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They don't compete in every category, yes, but there's decent overlap.
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11-08-2023, 04:22 PM
(This post was last modified: 11-08-2023, 04:28 PM by ac3r.)
I passed Stanley Park Mall earlier and am surprised at how fast the Canadian Tire is going up. I'd bet it'll be open before summer 2024. Still unsure what store it is intended to replace - if any. It's so close to the one on Fairway, but if they were closing that old ghetto one on Victoria that would make sense. But perhaps they just wanted to expand and aren't planning on closing any? I think they're still doing pretty good. The stock price crashed down from its March and August highs of 180~ a share and is sitting around 140~ now but the overall their revenue is still great and 12 out of 13 financial analysts on the Yahoo Finance website are giving the stock 10 Buy ratings, 2 Strong Buy ratings and 1 ranks it Hold. They're still one of the best companies in Canada which is great to see.