A humorous look at the companies that caught our eye, for better or worse, this week
Menu items Tim Hortons hasn’t invented – yet:
1) Beef Lasagna Explosion Muffins;
2) Grilled Chocolate ‘n Cheese Breakfast Panini;
3) Frozen Iced Cap Bacon Wrap Snackers.
With Timmys’ first-quarter sales at established outlets slipping 0.3 per cent in Canada – the first same-store sales drop since it was spun off as a public company in 2006 – new CEO Marc Caira may have to do some outside-the-box thinking to get more customers into the stores. We can hardly wait.
For many people, Canadian Tire conjures up memories of getting their first bicycle. Or their first hockey stick. Or their first arrest for shoplifting. But for Canadian Tire investors, this week brought another first: The retailer plans to put about $3.5-billion worth of property into a real estate investment trust in which it will maintain majority ownership, freeing up cash to invest in expansion. With the stock up sharply, shareholders don’t need the five-finger discount.
"Ladies and gentlemen, this is your WestJet captain speaking. At this time I’d ask you to fasten your seatbelts. Our stock is experiencing some turbulence after our load factor – that’s airline-speak for how full our planes are – fell in April. Also, there’s been some pressure on airfares as we increase our capacity. Remember, if a lunch tray hits you in the face or the person next to you starts screaming, this is a perfectly normal part of investing in an airline. Enjoy your flight."
Green Mountain Coffee Roasters
If you believe the studies, caffeine can prevent everything from depression to Alzheimer’s. Here’s something else it can prevent: poverty. Just ask shareholders of Green Mountain Coffee Roasters. The stock soared after the maker of Keurig brewers and K-Cup pods posted better-than-expected profit for the second quarter and raised its full-year forecast. An expanded deal to market Starbucks coffee didn’t hurt the stock, either. Investors are so pumped they can’t sleep.