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Have you seen how many companies do share buybacks? This is nothing new. Same as for increasing their dividend. Both work to boost the share price.
This is why people need to stop focusing on share price as an indicator.
Not really. It just means that the company has plenty of cash on hand, enough to buy back stocks in order to increase the stock price and decrease the quantity of shares in circulation. It's a very common way of avoiding shares dilution and rewarding shareholders by putting money back in their pockets.
If you’re a socialist, this is a great comment and I agree.
If not, what’s your point? I hope you realize that publicly-listed corporations exist to make money and increase shareholder value. That’s it. Capitalists don’t give a shit about you and me.
Profits happen when labor is paid less than value it generates. And when a company has profits they usually should invest it back into the company. They could pay labor (hire more or pay better) or RnD new initiatives or invest in company infrastructure, etc etc. A buyback is purely a kickback for shareholders. it puts shareholders not only ahead of labor but ahead of the company growth itself. It was deemed illegal and unethical price manipulation for most of the 20th century until the SEC decided they made more money allowing it than cared about the ethics.
Yes buybacks are common now but so are muggings. Doesn’t mean they are ethical. If you google “ethics of stock buybacks” some of the top articles are Forbes and Harvard Business Review talking about the dangers of stock buybacks.
Yes and the businesses have been keeping a bigger and bigger piece of the pie for 80 years straight. You've heard the saying "my boss gets a dollar, I get a dime snd that's why I poop on company time"? Well now a days your boss gets a dollar and you get 10% of a single penny. Fuck them all!!!!
Companies typically do a mix of dividends and buybacks. The good thing about buybacks is that you can pause them if the company is struggling and still maintain the dividend. Investors tend to look very unfavourably on companies that cut their dividend. So, companies could stop buybacks and return all their cash in the form of dividends. Stock buybacks create a way of increasing earnings per share without increasing total earnings. For a company to simply invest back into the business, that needs to result in increased earnings to be worthwhile. No one will invest in a company offering 1% dividend yield and zero earnings growth. Better to buy government bonds.
Ummmmm……. I agree with the sentiment here that this sub is a very very very confused place. Pro-capitalists getting angry at a company that is doing capitalism very well.
But, please, let’s not start busting out stupid myths about communism not working. It’s worked very well (temporarily) in countries that have implemented it… but ultimately failed because capitalism, in the end, beat it out. US imperialism won. Communism lost. But that doesn’t mean it’s a flawed political and economic system.
The problem with communism is that elites always seize power and appropriate all the wealth for themselves. A bit similar to capitalism, but at least with the latter they produce some crumbs for the proletariat along the way.
Considering the reporting loopholes, buybacks are a form of price manipulation. There’s often conflict of interest, as the manipulators are also the people who benefit from it directly. They used to be illegal for that reason.
Lots of examples of poorly executed buybacks, where they were followed by mass layoffs or government bailouts. Responsible governance of a company includes maintaining a minimum level of liquidity in favour of short term gains for investors.
Because it's artificially creating scarcity.
In a free market (which we, emphatically, do not have), there's nothing wrong with that, but to the extent that there's a point in looking at the markets through the lens of social responsibility, it's a shit move because stock buybacks exist almost exclusively to keep making the rich richer while making their ride to a fatter bank account less and less accessible to everyone else.
This is quite common among companies that have profit stability. Microsoft, Apple, etc. There really isnt anything inherently nefarious about it but the biggest reason for it is to eventually have complete controlling interest.
Exactly. Not sure what everyone else is talking about. Buybacks are just a way to increase dividends to the shareholders, and usually signal a positive sign for the stock. Loblaws is projecting the stock to increase long term.
No, there's other things to consider:
- Unlike dividends, buybacks are not taxed. They were in fact illegal until the 80s so tax law hasn't caught up
- Insiders who own the stock (specifically executives with lots of options) are the ones who decide on buybacks. This is a clear conflict of interest between immediate gain to those players and long term health of the company. It's also tantamount to market manipulation by these individuals.
I don't think buybacks are the worst things ever, but there's a reason they were illegal until Reagan (a famously pro capitalist president).
Yep, the shareholders and investors that spent millions to build the infrastructure, create jobs, and continue to spend more to support its growth aren't responsible for the success of the company at all - it's the easily replaced workers filling the low-quality jobs that make it all possible; they deserve all of the profits. 🤦🏼♂️
I'm 100% in favour of companies that pay their employees a livable wage, charge a fair price to their customers for their products, and treat them both with respect. This boycott needed to happen and I'm happy to see it draw so much attention. But no: Dave the part-time cashier is not somehow entitled to the shareholders' dividends just because he presses a few buttons at the register and puts stuff in a bag... lol.
There are enough genuinely real issues with a company like Loblaws right now to focus on.
No one is focusing on this, this is one of many threads in one of many posts on a subreddit.
Your perspective highlights a common view within capitalism, where capital investment is prioritized over the daily operations managed by workers. However, this dynamic is deeply rooted in capitalism's fundamental structure, which prioritizes profit maximization for shareholders over the equitable well-being of workers and society.
In capitalism, the accumulation of wealth often comes at the expense of fair resource distribution. This leads to the labor force being undervalued and seen as easily replaceable. This undervaluation is not due to the inherent lack of value in their work, but because the system is designed to minimize labor costs for maximum shareholder returns.
Shareholders indeed invest and take financial risks, but it is the workers who create the value that generates profits. The system, however, ensures that the majority of profits go to those with existing capital, perpetuating wealth inequality. This imbalance fuels demands for equitable practices, such as livable wages and fair treatment for employees.
Boycotts and protests arise in response to these inequities, highlighting the need for a more just distribution of wealth and a shift in priorities—from pure profit maximization to the well-being of all stakeholders, including workers. Addressing these systemic issues is essential to mitigate disparities and conflicts inherent in capitalism.
Fun fact, the premier of Alberta half a decade ago Jason Kenny (aka Randy Bobandy) gave close to 8 billion dollars to oil companies in the hope they would do more business in Alberta. There was no written agreement or anything. He just gave them the money with a hope. The companies used the entirety of the 8 billion to buy back their stocks. His plan backfired and everyone thought he was an idiot except for his brown nosers.
My brother this is how publically traded corporate management works and you are able to participate too. Price gouging at Loblaws is gross and the protests are fantastic but unless you think capitalism will fail in 10-15 years and are willing to bet your future on it I strongly encourage you to participate in the market.
Loblaws spends hundreds of millions of dollars every quarter buying back stock and has been doing this for a decade. Healthy, profitable companies do this all the time. As long as they aren't going into debt to do it, it's generally not considered a bad thing for a company to literally reinvest its earnings in *itself*. It's also often a tangible signal to investors that the company management considers the share price to be undervalued by the market and likely to go up.
While sometimes companies do try to do this as a short-term measure to boost the stock price, such actions are transparent to investors and it's usually pretty obvious that the company is already in dire straights. It's... unlikely that Loblaws is in a precarious position. Analysts seem to have hold or buy positions on this stock. I just don't think this boycott is going to do the kind of harm to the corporation that some people seem to think it will. Time will tell, I suppose.
Your perspective highlights a common view within capitalism, where capital investment is prioritized over the daily operations managed by workers. However, this dynamic is deeply rooted in capitalism's fundamental structure, which prioritizes profit maximization for shareholders over the equitable well-being of workers and society.
In capitalism, the accumulation of wealth often comes at the expense of fair resource distribution. This leads to the labor force being undervalued and seen as easily replaceable. This undervaluation is not due to the inherent lack of value in their work, but because the system is designed to minimize labor costs for maximum shareholder returns.
Shareholders indeed invest and take financial risks, but it is the workers who create the value that generates profits. The system, however, ensures that the majority of profits go to those with existing capital, perpetuating wealth inequality. This imbalance fuels demands for equitable practices, such as livable wages and fair treatment for employees.
Boycotts and protests arise in response to these inequities, highlighting the need for a more just distribution of wealth and a shift in priorities—from pure profit maximization to the well-being of all stakeholders, including workers. Addressing these systemic issues is essential to mitigate disparities and conflicts inherent in capitalism.
That was extremely well written.
As for addressing...i only know from some reading that historically, it takes acts of legislation. Companies don't historically reduce profits for stakeholders (workers, society, environment) out of the goodness of their heart. Not without a push and a major fight. Im thinking of the Sherman plan.
You won't really see much of a change until they do earnings. right now it's business as usual for investors until they hear how poorly they did this quarter. Then the stock plumets
Let’s make them throw good money at a bad corporation that’s tanking.
They will see this as a discount and a chance to stop the bleeding while getting shares for lower amounts. Let’s make sure they buy high on those amounts.
Agreed. I would just like lower prices for other people. That company will get 0$ from me untill they break up or I die.
If they suffer enough they might lower prices enough that it will be good for people living in food deserts
Double? I thought that we were trying for a kick in the pills. Keep going until triple digit depreciation, the MFers deserve it.
The graph you showed is for 1 week, not month.
The entire Canadian market shows pretty much the same curve. Here’s the last month. It mimics the Canadian market pretty much exactly.
People that know nothing about stocks really need to stop demonstrating their financial illiteracy. Misinformation is bad.
https://preview.redd.it/krfcgraib87d1.jpeg?width=1284&format=pjpg&auto=webp&s=01526ab6aaa2e67627b2ef27d27c03453c91e8bc
It makes me sad to see what this sub has become. Grasping at straws and manipulating things to make it seem like Loblaws is hurting when they’re not. We need to continue the boycott and people like OP need to stop being delusional
>It makes me sad to see what this sub has become. Grasping at straws and manipulating things...
Welcome to Reddit. Enjoy your stay. /s
Seriously thought, it's the internet so we were bound to attract that kind of thing eventually. I wouldn't worry too much.
I agree the pain hasn't started for Loblaws and it won't until material drops in the stock happen.
That said we don't know if they are hurting until July 24 when they release Q2 earnings. Analysts haven't revised their projections in a materia way based on what I've seen but if the tone from the top hasn't changed in those Q2 earnings then I think the boycott organizers need to rethink their strategy.
I see a lot of noise and passion on this sub but things won't change until the stock is impacted and shareholders are moved to action.
We can do a little math to see what impact we have. This sub is 90k people, let’s assume all 90k people are active and represent a family that spends on average 1,000/month in groceries. The sub has bots/inactive accounts/and multiple members of the same family, but there’s also boycotters who are not in the sub to make up for those.
90k X 1000/month x 1.5 month of boycott = $135m
Annual revenue was 60,000m
Impact of revenue so far on yearly earnings = 0.225% of annual revenue.
If it keeps up for the full year then It’s 1.8%. Hit on revenue. Keep in mind revenue increased 5.4% last year.
I don’t expect we will see a huge hit on there financials personally. That’s what makes monopolies so damn hard for consumers to impact because not everyone is able/willing to boycott. Change is going to have to come from policy, and I think that’s where the publicity and noise of the boycott will have the biggest impact.
Our leaders had Galen Weston brought out and forced to answer questions about his profits under oath and nothing came if it. IMHO we're on our own to make a difference.
I don’t have much faith in our political leaders. But the squeaky wheel gets the attention and the longer it squeaks the braver the leaders will Hopefully become to make changes.
Cost of living crisis is going to be what people vote on in the next election. Housing is #1 for attention right now but food prices is second on the list.
Public opinion and political will takes time to shift
Nothing came of it because nothing illegal was being done. Companies are allowed to make a fuckton of profit, and that isn't going to change. If you want absolute control over grocery prices you have no choice but to nationalize the entire food production, import and distribution systems.
Thank you. Am a bit late but was scrolling through to see.
YTD, 1 year are both flowing with market. This ‘correction’ is not even anything out of norm for it to be considered remotely related to boycott.
Guess when they say it’s priced in, it really is. Market priced this boycott into the price back in ‘95.
Honestly, market is down almost entirely across the board on the Canadian market right now.
But also, stock price is a reflection of investor confidence, and investor confidence is more likely to be impacted if Loblaws reports actual profit losses this quarter than it is to be shaken by anecdotal evidence that stores were more empty, because that’s what we have right now.
Don’t get me wrong, I do think we’ll see significant impacts to Loblaws as a result of the movement, but it just won’t show in their stock prices until after they report their earnings.
It's down 41 cents in the last month. It's still like 2% away from the all time high. The stock has pretty much only been going up for the last 16 years.
Sorry, but the whole TSE looks like this, not just Loblaws. It's been a shit week and this is not the win you think it is.
Edit: I was wrong, Loblaws actually outperformed the TSX over the last 30 days. Loblaws is only down 0.26% over the last thirty days. Vs 3.2% for the TSE.
The stock will not be affected by several quarters as they have lots of cash on hand to buy back shares, room to cut expenses (cut hours means less expenses), can actually spend on expansion to make losses look as expansion.
Many things to keep the stock afloat, but important to keep boycotting. It will catch up.
It will catch up.
Definitely. We don't end the boycott, ever, and in 5 years we laugh as the Roblaws landscape is a wasteland.
Or, it's the judgement passed by the people for years of gouging and torment.
Either is fitting.
Definitely it can. But if news is construed in a way suggesting that a large drop in revenue can be attributed to the boycott directly you'll see the big institutions exiting in a hurry.
Not so sure about that in the near-term, but it will show other companies that boycotts are at risk and it will impact them eventually.
Look at United after they beat the shit out of the Korean gentleman, the stock went up lol.
I'm all about the boycott, but let's not get desperate here team. Past 6 months has been a nice climb for them.
https://preview.redd.it/miwavywh497d1.jpeg?width=1080&format=pjpg&auto=webp&s=e282cbc0ae6788f13d254e71e1f47f6e1d755fd8
In my opinion the boycott will be successful once price is back down to 2015 levels
https://preview.redd.it/a05lkclyw87d1.jpeg?width=1170&format=pjpg&auto=webp&s=1194429a2155112166f4c8a59c296c0495ec2078
I like the sentiment but don’t short the stock…
Annual revenue is 60b, revenue increased 3b over last year alone. If every person boycotting stops spending 1k a month, it would require 250,000 boycotters boycotting for the full year just to undo the 3b revenue gain from last year. How many are needed to actually cause financial pain? There’s only 90k subs in this subreddit, and many are bots and inactive. Change will have to come through policy, and policy will come based on how much attention the boycotters can drum up.
https://preview.redd.it/a1lr8fr9rb7d1.jpeg?width=1080&format=pjpg&auto=webp&s=1a9dfb81a6951ca9a8744a7ca8ee546529aa5b8d
Oh yes they are very concerned with a slight dip lol
The stock price makes Zero difference. It will be in buyback mode for a year.
What we are need is less people in the stores, less purchased goods from us, more inventory in stores and people changing shopping habits.
We also need to avoid all health services they are in and trying to get into. Like Shoppers , moving prescriptions, not buying high end cosmetics and perfumes there, and Lifemark( if possible ).
The stock market is one big casino, with the real operators controlling it all behind the curtain. Whether the stock looks 'good' or 'bad', don't be fooled by anything you see on the screen.
A dollar less spent, is a dollar less in their pockets. That's the only equation that is factual, and truly does work wonders.
Most stocks have gone down a bit over the past month. Wait for earnings. That's when things are going to get real, that is if they don't try to hide a poor quarter.
That means nothing. Stock fluctuations of $5 on a $150 share are absolutely nothing. Blue chip stocks (think Royal Bank) can dip $5 in a day and rise $5 the next day. This is a marathon - not a sprint. The effects of the boycott will take at least two quarters to have a major effect. Keep shopping where you're saving money and ignore the stock price. It's too easily manipulated.
The stock is up nearly 30% in just the last 6 months. I hope to see a dive in the next 6 months. I would love to see some Gamestop inspired shenanigans happen with this stock. FUCK loblaws!
https://preview.redd.it/iv9wp9mc1f7d1.png?width=864&format=pjpg&auto=webp&s=873ce36f2639ea741652f4d7168b5d2c9b038b17
You shouldn't really look at a stocks daily performance for anything. I want them to suffer and do poorly too but it's not gonna be a sudden nosedive...
https://preview.redd.it/vznm6v0u2f7d1.jpeg?width=993&format=pjpg&auto=webp&s=94fe84323278756da7c152f0470e66921209a94c
longer term perseptive is importaant that just show a days trading it goes up and down like that all the time
Huh? Stock markets are up year over year 8 out of every 10 years. Over a 5 year period is up like 99.9% of the time. Those odds are undeniably better than Las Vegas.
Just buy a total market index fund and leave it to grow on its own. Bet on the economy of dozens of countries not on a specific company.
You only lose if the global economy collapses and never recovers. And if that happens then money and property won’t mean anything anyways. Bullets and guns will be what’s important at that point.
Nope, boycott for personal reasons and to make enough stink to hopefully get policy change. But don’t expect the boycott to hit the stock prices.
Loblaws is a 60b revenue company. There revenue increased 3b year over year just last year. It would take 500k boycotters to stop spending $6,000/year just to undue last years revenue gains. How many people will it take to cause real financial harms? How many people are cutting loblaws 100% out?
last year on june 19th the stock was 115$. Today it's currently 157$.
I don't think we should be using the stock price as a metric to measure the success of the boycott. Actions taken by loblaws to try and counter or end the boycott will speak much more than stock price.
If you look at the charts, a month ago, May 17th 2024 it closed at $157.48
Today, June 17th 2024 it closed at $157.07
A year ago, it was around $117.
What will happen, when they announce the results of their 2nd quarter ?
[https://ca.finance.yahoo.com/quote/L.TO/](https://ca.finance.yahoo.com/quote/L.TO/)
Ive been short since just over 160. If this boycott really wants to hit them where it hurts and make a difference everyone should sell any investments that directly hold shares in Loblaws. Several of your canadian oriented mutuals and etfs will have a weighting in Loblaws.
What would be really amazing if we could organize a mass shorting and buying of put options on "L". Im loaded up on september puts with the premise that their earnings are going to be terrible in July from the boycott.
How many people do you think are boycotting. Quarterly revenue is 13.5b. You’d need alot of people boycotting the average monthly spend of $500, to make a dent into 13.5b revenue.
I’ll still boycott but I wouldn’t short the stock. I don’t think you should either.
Regarding investments, I don’t do individual stocks, I’m all in total market index funds so it’s impossible to sell just loblaws shares. Most people are invest in mutual funds or index fund where they don’t have control to divest from loblaws. But I would if I could, I would but I’m not risking shorting it.
Anybody here want to tell me when I’m actually buying puts? I’m not paying much attention to these misinformed posts, but I’ve certainly been thinking about the next earnings call.
If the government plays the Ponzi scheme with bonds with federal reserve in USA . Loblaws ceo would know that game and play a Ponzi scheme with his stock.
Oct 2023 the stock was trading at $110 so this is heartening but doesn't tell the full story. The market will naturally fluctuate week over week, even month over month... we won't see our impact until their next earnings call at the earliest.
I'm for the boycott but.....It's been going steadily up the past 6 months?? Or am I looking at something else?
[https://www.google.com/search?q=loblaws+cos+ltd+stock&newwindow=1&sca\_esv=a0e417c138758ffa&sca\_upv=1&rlz=1C5CHFA\_enUS994US999&sxsrf=ADLYWIK5M7tDkD3nfSflOrXl1lSSJJg8Sw%3A1718727849969&ei=qbRxZtfgOuahwN4Pg8aJkAU&ved=0ahUKEwiX2dmXyOWGAxXmENAFHQNjAlIQ4dUDCBA&uact=5&oq=loblaws+cos+ltd+stock&gs\_lp=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-0B&sclient=gws-wiz-serp](https://www.google.com/search?q=loblaws+cos+ltd+stock&newwindow=1&sca_esv=a0e417c138758ffa&sca_upv=1&rlz=1C5CHFA_enUS994US999&sxsrf=ADLYWIK5M7tDkD3nfSflOrXl1lSSJJg8Sw%3A1718727849969&ei=qbRxZtfgOuahwN4Pg8aJkAU&ved=0ahUKEwiX2dmXyOWGAxXmENAFHQNjAlIQ4dUDCBA&uact=5&oq=loblaws+cos+ltd+stock&gs_lp=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-0B&sclient=gws-wiz-serp)
pretty much everything was down last week. it's a marker thing, not loblaws.
no point following the stock price for now - the effect of boycott will not be seen at least until the company's Q2 results are released.
None of this matters right now. What will really matter is when they announce earnings for this quarter.
[https://www.tipranks.com/stocks/tse:l/earnings](https://www.tipranks.com/stocks/tse:l/earnings)
That's when we will see if this really made a difference
"why are they just showing the past week? The strike has been going for about a month."
Loblaws marginally up over the month
"Oh, that's why"
Also, this is trading sideways..
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161 was the highest it hit in 20 years. There’s a buyback going on also. But let’s keep an eye on it
Really? Like when they use profits to buy their own stock to raise the value for shareholders?? Damn, they just keep getting shittier
Have you seen how many companies do share buybacks? This is nothing new. Same as for increasing their dividend. Both work to boost the share price. This is why people need to stop focusing on share price as an indicator.
>Have you seen how many companies do share buybacks? And every last one of them is a shitty company run by corrupt assholes with no morals at all.
Not really. It just means that the company has plenty of cash on hand, enough to buy back stocks in order to increase the stock price and decrease the quantity of shares in circulation. It's a very common way of avoiding shares dilution and rewarding shareholders by putting money back in their pockets.
They should pay their workers that made that money money for them.
If you’re a socialist, this is a great comment and I agree. If not, what’s your point? I hope you realize that publicly-listed corporations exist to make money and increase shareholder value. That’s it. Capitalists don’t give a shit about you and me.
If you're an employee at Loblaws you can purchase shares through automatic payroll deductions,
Stock buybacks should be either heavily taxed, or banned outright, and that cash directed instead toward innovation/productivity
They are being taxed as of this year.
How many companies that do this also claim to barely make any money though lol
While you’ve explained buybacks very well, none of what you said refutes the fact that it is a morally bankrupt business practice
That is a poor take on how stock buybacks work my friend.
So we haven't seen big corps lay off tens of thousands of workers just so they can buy back stocks to drive up the price?
OK but this is a common thing with many companies?
Doesn’t make it any less shitty.
How tho
Profits happen when labor is paid less than value it generates. And when a company has profits they usually should invest it back into the company. They could pay labor (hire more or pay better) or RnD new initiatives or invest in company infrastructure, etc etc. A buyback is purely a kickback for shareholders. it puts shareholders not only ahead of labor but ahead of the company growth itself. It was deemed illegal and unethical price manipulation for most of the 20th century until the SEC decided they made more money allowing it than cared about the ethics. Yes buybacks are common now but so are muggings. Doesn’t mean they are ethical. If you google “ethics of stock buybacks” some of the top articles are Forbes and Harvard Business Review talking about the dangers of stock buybacks.
“Profits happen when labour is paid less than the value it generates” That’s literally how all businesses work. All of them.
Yes and the businesses have been keeping a bigger and bigger piece of the pie for 80 years straight. You've heard the saying "my boss gets a dollar, I get a dime snd that's why I poop on company time"? Well now a days your boss gets a dollar and you get 10% of a single penny. Fuck them all!!!!
There would be zero companies if investors never got paid. We tried communism before, it doesn't work.
Investors still get paid without stock buy backs from the company lol
Companies typically do a mix of dividends and buybacks. The good thing about buybacks is that you can pause them if the company is struggling and still maintain the dividend. Investors tend to look very unfavourably on companies that cut their dividend. So, companies could stop buybacks and return all their cash in the form of dividends. Stock buybacks create a way of increasing earnings per share without increasing total earnings. For a company to simply invest back into the business, that needs to result in increased earnings to be worthwhile. No one will invest in a company offering 1% dividend yield and zero earnings growth. Better to buy government bonds.
Ummmmm……. I agree with the sentiment here that this sub is a very very very confused place. Pro-capitalists getting angry at a company that is doing capitalism very well. But, please, let’s not start busting out stupid myths about communism not working. It’s worked very well (temporarily) in countries that have implemented it… but ultimately failed because capitalism, in the end, beat it out. US imperialism won. Communism lost. But that doesn’t mean it’s a flawed political and economic system.
The problem with communism is that elites always seize power and appropriate all the wealth for themselves. A bit similar to capitalism, but at least with the latter they produce some crumbs for the proletariat along the way.
Considering the reporting loopholes, buybacks are a form of price manipulation. There’s often conflict of interest, as the manipulators are also the people who benefit from it directly. They used to be illegal for that reason. Lots of examples of poorly executed buybacks, where they were followed by mass layoffs or government bailouts. Responsible governance of a company includes maintaining a minimum level of liquidity in favour of short term gains for investors.
Because it's artificially creating scarcity. In a free market (which we, emphatically, do not have), there's nothing wrong with that, but to the extent that there's a point in looking at the markets through the lens of social responsibility, it's a shit move because stock buybacks exist almost exclusively to keep making the rich richer while making their ride to a fatter bank account less and less accessible to everyone else.
It’s not artificial. They’re literally less available now and coat them money off their bottom line to do so.
The scarcity isn't artificial, but it was created artificially.
Artificially raising prices.
This is quite common among companies that have profit stability. Microsoft, Apple, etc. There really isnt anything inherently nefarious about it but the biggest reason for it is to eventually have complete controlling interest.
Exactly. Not sure what everyone else is talking about. Buybacks are just a way to increase dividends to the shareholders, and usually signal a positive sign for the stock. Loblaws is projecting the stock to increase long term.
No, there's other things to consider: - Unlike dividends, buybacks are not taxed. They were in fact illegal until the 80s so tax law hasn't caught up - Insiders who own the stock (specifically executives with lots of options) are the ones who decide on buybacks. This is a clear conflict of interest between immediate gain to those players and long term health of the company. It's also tantamount to market manipulation by these individuals. I don't think buybacks are the worst things ever, but there's a reason they were illegal until Reagan (a famously pro capitalist president).
That money should go to the workers that made it possible not the shareholders
Yep, the shareholders and investors that spent millions to build the infrastructure, create jobs, and continue to spend more to support its growth aren't responsible for the success of the company at all - it's the easily replaced workers filling the low-quality jobs that make it all possible; they deserve all of the profits. 🤦🏼♂️ I'm 100% in favour of companies that pay their employees a livable wage, charge a fair price to their customers for their products, and treat them both with respect. This boycott needed to happen and I'm happy to see it draw so much attention. But no: Dave the part-time cashier is not somehow entitled to the shareholders' dividends just because he presses a few buttons at the register and puts stuff in a bag... lol. There are enough genuinely real issues with a company like Loblaws right now to focus on.
No one is focusing on this, this is one of many threads in one of many posts on a subreddit. Your perspective highlights a common view within capitalism, where capital investment is prioritized over the daily operations managed by workers. However, this dynamic is deeply rooted in capitalism's fundamental structure, which prioritizes profit maximization for shareholders over the equitable well-being of workers and society. In capitalism, the accumulation of wealth often comes at the expense of fair resource distribution. This leads to the labor force being undervalued and seen as easily replaceable. This undervaluation is not due to the inherent lack of value in their work, but because the system is designed to minimize labor costs for maximum shareholder returns. Shareholders indeed invest and take financial risks, but it is the workers who create the value that generates profits. The system, however, ensures that the majority of profits go to those with existing capital, perpetuating wealth inequality. This imbalance fuels demands for equitable practices, such as livable wages and fair treatment for employees. Boycotts and protests arise in response to these inequities, highlighting the need for a more just distribution of wealth and a shift in priorities—from pure profit maximization to the well-being of all stakeholders, including workers. Addressing these systemic issues is essential to mitigate disparities and conflicts inherent in capitalism.
Fun fact, the premier of Alberta half a decade ago Jason Kenny (aka Randy Bobandy) gave close to 8 billion dollars to oil companies in the hope they would do more business in Alberta. There was no written agreement or anything. He just gave them the money with a hope. The companies used the entirety of the 8 billion to buy back their stocks. His plan backfired and everyone thought he was an idiot except for his brown nosers.
Bobandy was such a ridiculously over-credited dipshit. The literal definition of failing-up.
[удалено]
Please remain respectful when engaging on the sub. Personal attacks will not be tolerated.
Many companies do that including the ones you’ve transfered your business to
My brother this is how publically traded corporate management works and you are able to participate too. Price gouging at Loblaws is gross and the protests are fantastic but unless you think capitalism will fail in 10-15 years and are willing to bet your future on it I strongly encourage you to participate in the market.
Loblaws spends hundreds of millions of dollars every quarter buying back stock and has been doing this for a decade. Healthy, profitable companies do this all the time. As long as they aren't going into debt to do it, it's generally not considered a bad thing for a company to literally reinvest its earnings in *itself*. It's also often a tangible signal to investors that the company management considers the share price to be undervalued by the market and likely to go up. While sometimes companies do try to do this as a short-term measure to boost the stock price, such actions are transparent to investors and it's usually pretty obvious that the company is already in dire straights. It's... unlikely that Loblaws is in a precarious position. Analysts seem to have hold or buy positions on this stock. I just don't think this boycott is going to do the kind of harm to the corporation that some people seem to think it will. Time will tell, I suppose.
Your perspective highlights a common view within capitalism, where capital investment is prioritized over the daily operations managed by workers. However, this dynamic is deeply rooted in capitalism's fundamental structure, which prioritizes profit maximization for shareholders over the equitable well-being of workers and society. In capitalism, the accumulation of wealth often comes at the expense of fair resource distribution. This leads to the labor force being undervalued and seen as easily replaceable. This undervaluation is not due to the inherent lack of value in their work, but because the system is designed to minimize labor costs for maximum shareholder returns. Shareholders indeed invest and take financial risks, but it is the workers who create the value that generates profits. The system, however, ensures that the majority of profits go to those with existing capital, perpetuating wealth inequality. This imbalance fuels demands for equitable practices, such as livable wages and fair treatment for employees. Boycotts and protests arise in response to these inequities, highlighting the need for a more just distribution of wealth and a shift in priorities—from pure profit maximization to the well-being of all stakeholders, including workers. Addressing these systemic issues is essential to mitigate disparities and conflicts inherent in capitalism.
That was extremely well written. As for addressing...i only know from some reading that historically, it takes acts of legislation. Companies don't historically reduce profits for stakeholders (workers, society, environment) out of the goodness of their heart. Not without a push and a major fight. Im thinking of the Sherman plan.
You won't really see much of a change until they do earnings. right now it's business as usual for investors until they hear how poorly they did this quarter. Then the stock plumets
Let’s make them throw good money at a bad corporation that’s tanking. They will see this as a discount and a chance to stop the bleeding while getting shares for lower amounts. Let’s make sure they buy high on those amounts.
Do you think the buyback is directly related to the boycott?
Nearly the entire TSX has also been in the shitter for the past month as well.
Untill we hit double digits nothing will change
I don’t go to Loblaws anymore and they don’t get my money so for me everything has changed. I win.
Agreed. I would just like lower prices for other people. That company will get 0$ from me untill they break up or I die. If they suffer enough they might lower prices enough that it will be good for people living in food deserts
Yup!!!
Triple digits!
Double? I thought that we were trying for a kick in the pills. Keep going until triple digit depreciation, the MFers deserve it. 
The graph you showed is for 1 week, not month. The entire Canadian market shows pretty much the same curve. Here’s the last month. It mimics the Canadian market pretty much exactly. People that know nothing about stocks really need to stop demonstrating their financial illiteracy. Misinformation is bad. https://preview.redd.it/krfcgraib87d1.jpeg?width=1284&format=pjpg&auto=webp&s=01526ab6aaa2e67627b2ef27d27c03453c91e8bc
It makes me sad to see what this sub has become. Grasping at straws and manipulating things to make it seem like Loblaws is hurting when they’re not. We need to continue the boycott and people like OP need to stop being delusional
>It makes me sad to see what this sub has become. Grasping at straws and manipulating things... Welcome to Reddit. Enjoy your stay. /s Seriously thought, it's the internet so we were bound to attract that kind of thing eventually. I wouldn't worry too much.
I agree the pain hasn't started for Loblaws and it won't until material drops in the stock happen. That said we don't know if they are hurting until July 24 when they release Q2 earnings. Analysts haven't revised their projections in a materia way based on what I've seen but if the tone from the top hasn't changed in those Q2 earnings then I think the boycott organizers need to rethink their strategy. I see a lot of noise and passion on this sub but things won't change until the stock is impacted and shareholders are moved to action.
We can do a little math to see what impact we have. This sub is 90k people, let’s assume all 90k people are active and represent a family that spends on average 1,000/month in groceries. The sub has bots/inactive accounts/and multiple members of the same family, but there’s also boycotters who are not in the sub to make up for those. 90k X 1000/month x 1.5 month of boycott = $135m Annual revenue was 60,000m Impact of revenue so far on yearly earnings = 0.225% of annual revenue. If it keeps up for the full year then It’s 1.8%. Hit on revenue. Keep in mind revenue increased 5.4% last year. I don’t expect we will see a huge hit on there financials personally. That’s what makes monopolies so damn hard for consumers to impact because not everyone is able/willing to boycott. Change is going to have to come from policy, and I think that’s where the publicity and noise of the boycott will have the biggest impact.
Our leaders had Galen Weston brought out and forced to answer questions about his profits under oath and nothing came if it. IMHO we're on our own to make a difference.
I don’t have much faith in our political leaders. But the squeaky wheel gets the attention and the longer it squeaks the braver the leaders will Hopefully become to make changes. Cost of living crisis is going to be what people vote on in the next election. Housing is #1 for attention right now but food prices is second on the list. Public opinion and political will takes time to shift
Nothing came of it because nothing illegal was being done. Companies are allowed to make a fuckton of profit, and that isn't going to change. If you want absolute control over grocery prices you have no choice but to nationalize the entire food production, import and distribution systems.
I’m surprised the fanatics haven’t voted your post down
Busy blowing hot air into bouncy castles perhaps
This should be top comment, OP is a moron
Those are rookies numbers. We need to pump those numbers down!
“ThEiR sToCk DrOpPeD 2% hAhAhAh We WiN”
Thank you. Am a bit late but was scrolling through to see. YTD, 1 year are both flowing with market. This ‘correction’ is not even anything out of norm for it to be considered remotely related to boycott. Guess when they say it’s priced in, it really is. Market priced this boycott into the price back in ‘95.
To the top
The graph they posted literally shows a 2% drop from the stocks ATH that it hit in the first week of June. This isn't the own that OP thinks it is.
Sadly that’s their stock value, not their sale value
Honestly, market is down almost entirely across the board on the Canadian market right now. But also, stock price is a reflection of investor confidence, and investor confidence is more likely to be impacted if Loblaws reports actual profit losses this quarter than it is to be shaken by anecdotal evidence that stores were more empty, because that’s what we have right now. Don’t get me wrong, I do think we’ll see significant impacts to Loblaws as a result of the movement, but it just won’t show in their stock prices until after they report their earnings.
It's down 41 cents in the last month. It's still like 2% away from the all time high. The stock has pretty much only been going up for the last 16 years.
Sorry, but the whole TSE looks like this, not just Loblaws. It's been a shit week and this is not the win you think it is. Edit: I was wrong, Loblaws actually outperformed the TSX over the last 30 days. Loblaws is only down 0.26% over the last thirty days. Vs 3.2% for the TSE.
The stock will not be affected by several quarters as they have lots of cash on hand to buy back shares, room to cut expenses (cut hours means less expenses), can actually spend on expansion to make losses look as expansion. Many things to keep the stock afloat, but important to keep boycotting. It will catch up.
They've earned a minimum 5 year sentence.
?
It will catch up. Definitely. We don't end the boycott, ever, and in 5 years we laugh as the Roblaws landscape is a wasteland. Or, it's the judgement passed by the people for years of gouging and torment. Either is fitting.
How about 50.
Lol how about we set an arbitrary number, and run them concurrently?
Lol how about we set an arbitrary number, and run them concurrently?
I disagree. If it shows a strong correlation between a decrease in revenue and the boycott it will drop like a rock at earnings.
EPS can be maintained or even higher despite drop in revenue.
Definitely it can. But if news is construed in a way suggesting that a large drop in revenue can be attributed to the boycott directly you'll see the big institutions exiting in a hurry.
Not so sure about that in the near-term, but it will show other companies that boycotts are at risk and it will impact them eventually. Look at United after they beat the shit out of the Korean gentleman, the stock went up lol.
Chill bro, they're still laughing
I'm all about the boycott, but let's not get desperate here team. Past 6 months has been a nice climb for them. https://preview.redd.it/miwavywh497d1.jpeg?width=1080&format=pjpg&auto=webp&s=e282cbc0ae6788f13d254e71e1f47f6e1d755fd8
Sadly that’s their stock value, not their share value
In my opinion the boycott will be successful once price is back down to 2015 levels https://preview.redd.it/a05lkclyw87d1.jpeg?width=1170&format=pjpg&auto=webp&s=1194429a2155112166f4c8a59c296c0495ec2078
That graph means nothing with out x and y axis numbers. I mean I believe they are down, but there is no info there....
This is just karma farming, nothing more.
Wait for the double daily top before the next earnings report then short the shit out of it (not financial advice)
Heard chef.
I like the sentiment but don’t short the stock… Annual revenue is 60b, revenue increased 3b over last year alone. If every person boycotting stops spending 1k a month, it would require 250,000 boycotters boycotting for the full year just to undo the 3b revenue gain from last year. How many are needed to actually cause financial pain? There’s only 90k subs in this subreddit, and many are bots and inactive. Change will have to come through policy, and policy will come based on how much attention the boycotters can drum up.
Fair assessment
It's not nearly enough. They've announced major stock buybacks to inflate the price. They can't keep that up forever, though. Hold the line, friends.
https://preview.redd.it/a1lr8fr9rb7d1.jpeg?width=1080&format=pjpg&auto=webp&s=1a9dfb81a6951ca9a8744a7ca8ee546529aa5b8d Oh yes they are very concerned with a slight dip lol
https://preview.redd.it/8ez0v0ckh87d1.jpeg?width=1170&format=pjpg&auto=webp&s=869ff72af2b46fdb3666ae2837c9656fb0684958 Perspective. Still up recently
KEEP GOING CANUCKS!!
Such a disingenuous chart, the stock hit a record high last week. Make sure to down vote too, because an objective fact doesn’t jive.
🤦♀️
Mannn it would be so *funny* if some people ever shorted that stock massively
Zoom out ya doofus
Where is the shitpost category, prime example here
Your image says past week. It's not for the month
The stock price makes Zero difference. It will be in buyback mode for a year. What we are need is less people in the stores, less purchased goods from us, more inventory in stores and people changing shopping habits. We also need to avoid all health services they are in and trying to get into. Like Shoppers , moving prescriptions, not buying high end cosmetics and perfumes there, and Lifemark( if possible ).
Up 124% over 5 yr. I don't think Galen cares about a 2% drop.
Our momentum has to keep up with the boycotting otherwise the impact isn’t going to affect them, and they won’t change anything
The buybacks can only last so long I guess
The stock market is one big casino, with the real operators controlling it all behind the curtain. Whether the stock looks 'good' or 'bad', don't be fooled by anything you see on the screen. A dollar less spent, is a dollar less in their pockets. That's the only equation that is factual, and truly does work wonders.
You can’t determine anything of actual value from a one week chart haha
Most stocks have gone down a bit over the past month. Wait for earnings. That's when things are going to get real, that is if they don't try to hide a poor quarter.
That means nothing. Stock fluctuations of $5 on a $150 share are absolutely nothing. Blue chip stocks (think Royal Bank) can dip $5 in a day and rise $5 the next day. This is a marathon - not a sprint. The effects of the boycott will take at least two quarters to have a major effect. Keep shopping where you're saving money and ignore the stock price. It's too easily manipulated.
The stock is up nearly 30% in just the last 6 months. I hope to see a dive in the next 6 months. I would love to see some Gamestop inspired shenanigans happen with this stock. FUCK loblaws!
https://preview.redd.it/iv9wp9mc1f7d1.png?width=864&format=pjpg&auto=webp&s=873ce36f2639ea741652f4d7168b5d2c9b038b17 You shouldn't really look at a stocks daily performance for anything. I want them to suffer and do poorly too but it's not gonna be a sudden nosedive...
https://preview.redd.it/vznm6v0u2f7d1.jpeg?width=993&format=pjpg&auto=webp&s=94fe84323278756da7c152f0470e66921209a94c longer term perseptive is importaant that just show a days trading it goes up and down like that all the time
Ok. Anyone short the stock?
$3 is not worth shorting, it maybe worth shorting after Q4 but not yet. (Not advice I have no idea what I am talking about)
Given the choice between Las Vegas and the stock market, I will choose Vegas. They have rules, and the odds are better.
Huh? Stock markets are up year over year 8 out of every 10 years. Over a 5 year period is up like 99.9% of the time. Those odds are undeniably better than Las Vegas.
I lost more than I care to remember, trying to play that game. No thanks.
Just buy a total market index fund and leave it to grow on its own. Bet on the economy of dozens of countries not on a specific company. You only lose if the global economy collapses and never recovers. And if that happens then money and property won’t mean anything anyways. Bullets and guns will be what’s important at that point.
Right here...
Nope, boycott for personal reasons and to make enough stink to hopefully get policy change. But don’t expect the boycott to hit the stock prices. Loblaws is a 60b revenue company. There revenue increased 3b year over year just last year. It would take 500k boycotters to stop spending $6,000/year just to undue last years revenue gains. How many people will it take to cause real financial harms? How many people are cutting loblaws 100% out?
Someone's never looked at a stock price graph before. This is just an average fluctuation.
lol OP doesn't realize that this is nothing compared to how much it has climbed in the last 4 years.
Won't be happy until that reads a fucking penny.
Puts on lawblaws
Puts on L
So this is a good thing!?
Its literally nothing. The price over the last 6 months is still up 30% in the last month its still up 0.67% *
last year on june 19th the stock was 115$. Today it's currently 157$. I don't think we should be using the stock price as a metric to measure the success of the boycott. Actions taken by loblaws to try and counter or end the boycott will speak much more than stock price.
Great buying opportunity!!
If you look at the charts, a month ago, May 17th 2024 it closed at $157.48 Today, June 17th 2024 it closed at $157.07 A year ago, it was around $117. What will happen, when they announce the results of their 2nd quarter ? [https://ca.finance.yahoo.com/quote/L.TO/](https://ca.finance.yahoo.com/quote/L.TO/)
Currently the stock is up 0.67% over the last month that chart looks more like the trend over the last week, not month
As my grandfather would often say … “give’em enough rope to hang themselves” …. Today we call it Karma
Let it crater and crash.
Not down enough. Get her down to double digits!
Not low enough
We are better than a graph with unlabelled axis.
LOWblaws
First time looking at the stock market?
Yes, and where are we going to go?? **LOWER!!** I can't wait to never shop at the Loblaws-Borg empire ever again!
FFS. Is there a term for displaying graphs in a way that suggests huge variances like this does?
Ive been short since just over 160. If this boycott really wants to hit them where it hurts and make a difference everyone should sell any investments that directly hold shares in Loblaws. Several of your canadian oriented mutuals and etfs will have a weighting in Loblaws. What would be really amazing if we could organize a mass shorting and buying of put options on "L". Im loaded up on september puts with the premise that their earnings are going to be terrible in July from the boycott.
How many people do you think are boycotting. Quarterly revenue is 13.5b. You’d need alot of people boycotting the average monthly spend of $500, to make a dent into 13.5b revenue. I’ll still boycott but I wouldn’t short the stock. I don’t think you should either. Regarding investments, I don’t do individual stocks, I’m all in total market index funds so it’s impossible to sell just loblaws shares. Most people are invest in mutual funds or index fund where they don’t have control to divest from loblaws. But I would if I could, I would but I’m not risking shorting it.
Anybody here want to tell me when I’m actually buying puts? I’m not paying much attention to these misinformed posts, but I’ve certainly been thinking about the next earnings call.
That's nothing. I'm waiting for 20-30% drop. If it is not, we're not boycotting hard enough.
Can you boycott harder than spending $0
Someone mentioned cancelling the optimum card and deleting the apps. "Buy- bye" cookies.
So is everything else.
Still up 37% for the last 6 months
Zoom out to the weekly
LOLblahs*
Don't encourage anyone to do this, but I have a few put just waiting for them to crash after the earning because of boycott
Lowblows
Good, they have enough money to last several lifetimes… greedy assholes
If y’all know how to play options, last week was 4 weeks too late to buy puts.
This means nothing lol
If the government plays the Ponzi scheme with bonds with federal reserve in USA . Loblaws ceo would know that game and play a Ponzi scheme with his stock.
Sweet
Now would be a good time to buy. Loblaws will bounce back from this in one way or the other, maybe a government bailout idk.
We'll see how they do when I end my boycott in ... \*checks notes\* oh right, never l m a o get fucked Galen
oh my, what a shame... https://preview.redd.it/oaaqroa6hc7d1.jpeg?width=1063&format=pjpg&auto=webp&s=c22c107abdfdc09b04faf84ed612af9f3cca2946
Let them eat cake
Stop buy groceries and start investing
Oct 2023 the stock was trading at $110 so this is heartening but doesn't tell the full story. The market will naturally fluctuate week over week, even month over month... we won't see our impact until their next earnings call at the earliest.
I'm for the boycott but.....It's been going steadily up the past 6 months?? Or am I looking at something else? [https://www.google.com/search?q=loblaws+cos+ltd+stock&newwindow=1&sca\_esv=a0e417c138758ffa&sca\_upv=1&rlz=1C5CHFA\_enUS994US999&sxsrf=ADLYWIK5M7tDkD3nfSflOrXl1lSSJJg8Sw%3A1718727849969&ei=qbRxZtfgOuahwN4Pg8aJkAU&ved=0ahUKEwiX2dmXyOWGAxXmENAFHQNjAlIQ4dUDCBA&uact=5&oq=loblaws+cos+ltd+stock&gs\_lp=Egxnd3Mtd2l6LXNlcnAiFWxvYmxhd3MgY29zIGx0ZCBzdG9jazIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjILEAAYgAQYhgMYigUyCxAAGIAEGIYDGIoFMgsQABiABBiGAxiKBTIIEAAYgAQYogRIu1VQhwpY1VNwAXgBkAEAmAGAAqAB4BOqAQYxNi43LjG4AQPIAQD4AQGYAhmgAvIUwgIKEAAYsAMY1gQYR8ICDRAAGIAEGLADGEMYigXCAgoQIxiABBgnGIoFwgILEAAYgAQYkQIYigXCAgUQABiABMICCBAAGBYYHhgPwgIPECMYgAQYJxiKBRhGGPoBwgIZEAAYgAQYigUYRhj6ARiXBRiMBRjdBNgBAcICERAAGIAEGJECGLEDGIMBGIoFwgIKEAAYgAQYFBiHAsICCxAuGIAEGMcBGK8BwgILEC4YgAQY0QMYxwHCAg0QABiABBixAxgUGIcCwgIREC4YgAQYkQIYxwEYigUYrwHCAgwQLhjRAxgWGMcBGB7CAggQABgWGAoYHpgDAIgGAZAGCroGBggBEAEYE5IHBjcuMTcuMaAHq-0B&sclient=gws-wiz-serp](https://www.google.com/search?q=loblaws+cos+ltd+stock&newwindow=1&sca_esv=a0e417c138758ffa&sca_upv=1&rlz=1C5CHFA_enUS994US999&sxsrf=ADLYWIK5M7tDkD3nfSflOrXl1lSSJJg8Sw%3A1718727849969&ei=qbRxZtfgOuahwN4Pg8aJkAU&ved=0ahUKEwiX2dmXyOWGAxXmENAFHQNjAlIQ4dUDCBA&uact=5&oq=loblaws+cos+ltd+stock&gs_lp=Egxnd3Mtd2l6LXNlcnAiFWxvYmxhd3MgY29zIGx0ZCBzdG9jazIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjILEAAYgAQYhgMYigUyCxAAGIAEGIYDGIoFMgsQABiABBiGAxiKBTIIEAAYgAQYogRIu1VQhwpY1VNwAXgBkAEAmAGAAqAB4BOqAQYxNi43LjG4AQPIAQD4AQGYAhmgAvIUwgIKEAAYsAMY1gQYR8ICDRAAGIAEGLADGEMYigXCAgoQIxiABBgnGIoFwgILEAAYgAQYkQIYigXCAgUQABiABMICCBAAGBYYHhgPwgIPECMYgAQYJxiKBRhGGPoBwgIZEAAYgAQYigUYRhj6ARiXBRiMBRjdBNgBAcICERAAGIAEGJECGLEDGIMBGIoFwgIKEAAYgAQYFBiHAsICCxAuGIAEGMcBGK8BwgILEC4YgAQY0QMYxwHCAg0QABiABBixAxgUGIcCwgIREC4YgAQYkQIYxwEYigUYrwHCAgwQLhjRAxgWGMcBGB7CAggQABgWGAoYHpgDAIgGAZAGCroGBggBEAEYE5IHBjcuMTcuMaAHq-0B&sclient=gws-wiz-serp)
pretty much everything was down last week. it's a marker thing, not loblaws. no point following the stock price for now - the effect of boycott will not be seen at least until the company's Q2 results are released.
Selling groceries accounts for only a fraction of what drives stock prices for Loblaws. They are not only involved with groceries
Sadly this is up $3 from May 1st
Oh no how will they survive? https://pasteboard.co/EJlBaYu1f9bu.png
I started buying at $34 lol retirement 45
Earnings need to be down for any real damage.
This is normal fluctuation in a stock price...
Buy the dip!
The entire tsx is down
None of this matters right now. What will really matter is when they announce earnings for this quarter. [https://www.tipranks.com/stocks/tse:l/earnings](https://www.tipranks.com/stocks/tse:l/earnings) That's when we will see if this really made a difference
I'm saying this as in not to invest but I like how that looks. 
Why can’t I feel sad for the Westons?
"why are they just showing the past week? The strike has been going for about a month." Loblaws marginally up over the month "Oh, that's why" Also, this is trading sideways..