(live-PR.com) - Mira, Portugal – September 11, 2008 – SADIF Investment Analytics SA, today announced the release of a new equity research report covering Canadian Tire Corporation Limited. The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Canadian Tire investor.
Report Summary: Canadian hardware and automotive accessories retailer, Canadian Tire, has faced slower growth
as a result of a weakening Canadian economy over the past year. The company reported weak earnings for the second quarter of 2008. While consolidated gross operating revenues rose 5.9% over the same period a year earlier, earnings per share fell 20.3% The drop in earnings was partially due to a write-down on inventory at its Mark's Work Wearhouse stores and the relaunch of the company's MasterCard by its financial services arm. However, Canadian Tire's namesake retail stores have also been hit by a slowing economy. Same store sales at the retailer fell by half a percent over the previous year. These results are reflected in the company's weakened share price which has fallen 40% since July 2007. However, if we look at Canadian Tire's long-term fundamentals, we see that the company is relatively strong compared to the Canadian market average. We can assess whether the stock has been oversold through the use of the StockMarks framework. Canadian Tire currently has an overall long-term investment attractiveness rating (Total StockMark or SMT) of 63 out of 100. This rating places the company seventh when compared to ten of its closest Canadian-listed peers, selected on the basis of similarity of business and market positioning.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of Canadian Tire Corporation Limited for long-term investors.
A summary of the StockMarks™ ratings for Canadian Tire Corporation Limited is available here:
sadifanalytics.com/stockmarks/company.php?ticker ..
The report has been distributed to Reuters, and forwarded to Yahoo Finance and
FT.com. It is available under 'Analyst Reports' from these websites or directly from SADIF-Investment Analytics SA at
sadifanalytics.com/stockmarks/article/hist_artic ..
About SADIF-Investment Analytics SA
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. Our StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
