Loblaws - Bullish Pennant - Bottom of Channel / Strong Growth
0. Notes to follow;
1. The channel data was missing from the last chart;
2.
Stay at home and bake and cook. These are trends that will endure. Simpler times, in a crazy world. The new normal if you will. As the lines in Canada get back to normal in most places and stores, the food lines continue to be long.
This shows continued demand to eat at home, coupled with the realization of the savings when eating out is minimized. This additional money is being funneled into "stay at home projects". Outdoor living, pools, cabanas, decks, and
internally - air conditioning, office renovations, new decks and office furniture, laptops, tablets, phone upgrades, electronic gadget and screen upgrades, basement refinishing, and many trends that will continue as they make sense on so many levels.
Many people working from home, and companies realizing the savings. The economy is evolving, and Loblaws is a big part of this. Great long term investment.
3. Final thoughts, your grandkids, whom you can give the stock to, will be shopping at Loblaws or associated stores as they continue to acquire everything. This Pandemic time, is a perfect opportunity for acquisition on the Loblaws side.
1. The channel data was missing from the last chart;
2.
Stay at home and bake and cook. These are trends that will endure. Simpler times, in a crazy world. The new normal if you will. As the lines in Canada get back to normal in most places and stores, the food lines continue to be long.
This shows continued demand to eat at home, coupled with the realization of the savings when eating out is minimized. This additional money is being funneled into "stay at home projects". Outdoor living, pools, cabanas, decks, and
internally - air conditioning, office renovations, new decks and office furniture, laptops, tablets, phone upgrades, electronic gadget and screen upgrades, basement refinishing, and many trends that will continue as they make sense on so many levels.
Many people working from home, and companies realizing the savings. The economy is evolving, and Loblaws is a big part of this. Great long term investment.
3. Final thoughts, your grandkids, whom you can give the stock to, will be shopping at Loblaws or associated stores as they continue to acquire everything. This Pandemic time, is a perfect opportunity for acquisition on the Loblaws side.