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TSE:WN

George Weston Ltd. (WN.TO)

101.34
-2.00 (1.94%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
107 watching
0
DON'T BUY
(Market Call Minute.) Loblaws (L-T), which drives this stock, still has a lot of problems to work out.
BUY
2 main parts to it, 1) holdings in Loblaws (L-T) and 2) bakery divisions throughout North America. Feels Loblaws is the dominant price in the stock, which has been hit a lot because Loblaws shares have come down a lot. (See comments under Loblaws (L-T).
TOP PICK
(A Top Pick Jan 29/07. Down 29.4%.) Got hit with a double whammy last year. Just when they were turning the US bakery operations around last year, they had to fight the Cdn$. Could be cash flowing $11/$12 a share over the next couple of years. Also has some very attractive preferreds.
DON'T BUY
Got hurt because it came out with lower earnings, based mostly on Loblaws, which is having terrific troubles with its margins, restructuring. Could go lower. 2.7% dividend.
BUY
Likes this because 70% of it is really Loblaws (L-T). The market is underestimating the value of Loblaws, let alone their real estate.
PARTIAL BUY
Like a lot of other stocks, it has had a correction, but on top of that Loblaws (L-T) and some of their issues have affected it. He feels that Loblaws will work through their problems. This stock gives you a little bit of diversification. Buy this in stages.
BUY
Potential and franchise value of Loblaws (L-T) is being underestimated, particularly given the large asset value that lies within the company. You also have a play on the US bakery side as well.
COMMENT
Loblaws (L-T) vs George Weston (WN-T). If Loblaws doesn't turnaround, you have other parts to cushion the blow. This would be the safer pick, but it will not do well if Loblaws does badly.
BUY
Have really struggled because of their Loblaws exposure. They will get it right eventually.
DON'T BUY
Has always been expensive to him. His model price is $58.47 a negative differential of 22%. Loblaws (L-T) writing off goodwill is a good thing for his calculations.
TOP PICK
New management has come in to Loblaws and cleaning out everything. They will look pretty tight and lean when they're done. If their earnings bounce back to the norm of $5, it looks extremely cheap.
TOP PICK
Recently replacing management with some top-quality changes. Making a very concerted effort on the supply chain management in Loblaws (L-T).
PAST TOP PICK
(A Top Pick Mar 8/06. Down 18.9%.) Was too optimistic on Loblaw’s (L-T) turnaround.
TOP PICK
Has recovered from around $70 to the $78 level. Market not giving credit for the underlying strength that Loblaws (L-T) has, which has taken steps to write off a great deal of inventory and worked very hard on their supply chain. Weston’s bakery business in the US has shown some signs of improvement.
TOP PICK
Likes companies that are in a business that are going to relatively stable. Their Loblaws (L-T) holdings are taking a lot of action to get rid of excess inventory and put better tracking systems in place. Bringing in new management for this. Bakery business in the US is turning around.
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