KeyStone’s Your Stock Our Take is MTY Food Group Inc. (MTY:TSX), our Star is Aritzia Inc. (ATZ:TSX) & our Dog is SNC-Lavalin Group Inc. (SNC:TSX).
This week in our Your Stock, Our Take segment we look at MTY Food Group Inc. (MTY:TSX), a Canadian-based franchisor operating in the quick service food industry in both the U.S. and Canadian markets – one of the largest in this segment and a true Canadian success story that really flies under the radar. This week, the company reported remarkable strong earnings growth in its third quarter which handily beat street estimates – the stock has jumped 40% since May – a listener asks if we still like the stock. Our Star of the week is Aritzia Inc. (ATZ:TSX), a vertically integrated, innovative design house of fashion brands, which boasts over 90 stores and a solid online presence and, most importantly happens to be a favourite shopping spot for a prominent member of my household. The stock posted a nice gain this week, in what was generally a poor week for North American markets – one of the worst in recent memory. Finally, our Dog of the week is SNC-Lavalin Group Inc. (SNC:TSX), the embattled global engineering and construction company saw its stock drop 13% mid-week after it was reported – that federal prosecutors would not agree to negotiate a deal in regards to alleged illegal dealings with public officials in Libya between 2001 and 2011. The market hates uncertainty and the speculation of a trial is weighing on the stock. Is it a Dog or an opportunity?
Sign up for the Stock Talk Podcast
Be the first to find out the latest Keystone Financial news, special reports, receive our Stock Talk Podcast, DIY Seminar event info, and Your Stock Our Take videos directly to your inbox for free.
Be the first to find out the latest Keystone Financial news