Lowe Buys Rona
- Thread starter SkyRider
- Start date
I thought it was too risky, to be perfectly frank. Sometimes the best investment is one you don't make, other times you look like an ass. In this case I am an ass.They sell hammers there right? The point was (insert hammer) you and I both know they were a crap company big bet on real estate etc. totally a takeout target. Been watching daily for months. I got paid. Too many folks dreaming in technicolour, opinions don't matter especially from the uninformed. This was a one day trade on a crap company run by Quebec robbers anyone who didn't make at least 50K on this has no business commenting. You either made the call or you didn't. BTW this is not @JC more the others pontificating that something that has come and gone has...gone.
The take over at Rona was rumored in Quebec ( Montreal ) for the last 18 months. The reason for this was the abrupt change of governments. There will be no opposition to this take over from the Liberal government in power in Quebec today. There may be some grumblings from P i e r r e Karl Peladeau ( leader of the separatist opposition ) but that just looks like sour grapes to most people. Rona looks like a badly run operation out side of Quebec because it is badly run. Inside Quebec it is way ahead of Home Depot.
A strategy that I use is to follow what the big institutional funds are buying. If they are buying, it is to hold long term. Usually very conservative and safe bets. If institutions like the Ontario Teachers' Pension Plan or the Caisse de Depot ( Quebec pension fund management organization ) is buying you know it is a safe long term bet. In this case the Caisse de Depot has a substancial holding in Rona.
A strategy that I use is to follow what the big institutional funds are buying. If they are buying, it is to hold long term. Usually very conservative and safe bets. If institutions like the Ontario Teachers' Pension Plan or the Caisse de Depot ( Quebec pension fund management organization ) is buying you know it is a safe long term bet. In this case the Caisse de Depot has a substancial holding in Rona.
All you have to do is ask your broker or look it up on the internet. It is a matter of public record. Big institutions like Ontario Teachers' Pension Plan or the Quebec Caisse de Depot publishes all their positions.
http://www.nasdaq.com/quotes/institutional-portfolio/caisse-de-depot-et-placement-du-quebec-68712
http://www.otpp.com/investments/essentials/major-investments
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100% agree.I agree... so many times I would go to Rona to support Canadian and I would be met with them being totally out of stock or partially out of stock of what I was looking for, so I would have to go to HD anyways.
Finally decided to streamline and just go straight to HD.
It was a shame.
I only pop into home reno places maybe once/twice a year. Small stuff needed. The closest reno place is a Rona, so i'd stop in there. Not only is it messier than an HD or Lowes, but out of stock. One time, all I needed were a bunch of matching door stoppers. They had a few. Then headed to another Rona, none. That grimy wooden slot for it there. The shelf label is there. How hard is it to stock door stoppers?
Now I go to HD as it's the next closest place. Never had an out of stock.
Not sure how Rona compares to Lowes as I've only been there once.
No issue for me. I find American big box stores much better than a Canadian counterpart. Interestingly, Canadian chains have the advantage of longer legacy, better locations that are already built and established. Yet, they fail against most US big wig chains even though the are new, start with fewer locations and sometimes have to go out of their way to build a new store from the ground up.This is a big move, i'm going to miss Rona, losing Canadian companies...
I'd rather take:
- Walmart
- Costco
- Home Depot
- TJX stores (Mardshalls, Winners, Home Sense)
- Subway
- Starbucks
Over.....
- Zellers or Giant Tiger
- Loblaws Wholesale Club
- Rona
- Liquidation World
- Mr. Sub
- Tim Hortons
You are kidding right?
And how pray tell do you know what the big institutions are buying?
Not I agree with for strategy. The portfolio of big funds is quite often no more than a reflection of the TSX index. In the case of the Caisse they are even heavily weighted to Quebec based stocks like Jean Contu and Rona.
A strategy that I use is to follow what the big institutional funds are buying. If they are buying, it is to hold long term. Usually very conservative and safe bets. If institutions like the Ontario Teachers' Pension Plan or the Caisse de Depot ( Quebec pension fund management organization ) is buying you know it is a safe long term bet. In this case the Caisse de Depot has a substancial holding in Rona.
I do not mirror what the big institutions do, because the institutions like Teachers PP and the Caisse are conservative long term buyers. I use their picks as a guide. Large positions in institution picks are safe to very safe. An example would be TRP, some of the big institutions have internal rules that they must keep very safe positions like TRP at pre determined minimum levels. Should they have to take some off the table to realize a profit, they must buy back at the next opportune time. They also will buy calls on priority core stocks like TRP.
Rona was a quality stock but not on the quality level of TRP. It was speculation that kept the stock popular, especially when there was a previous take over attempt. The ousting of Pauline Marois was also a catalyst for speculation.
Rona was a quality stock but not on the quality level of TRP. It was speculation that kept the stock popular, especially when there was a previous take over attempt. The ousting of Pauline Marois was also a catalyst for speculation.
