Groupe Dynamite

Andrew Lutfe wants Quebec's next premier to sit down with Quebec's entrepreneurs.

The Groupe Dynamite president was in Montreal yesterday speaking with hundreds of Quebec business owners.

Backed by his peers, Couche-Tard founder Alain Bouchard, former Bombardier CEO Laurent Beaudoin, and Paul Desmarais III, he said doing business in the province is becoming increasingly difficult.

Une entreprise québécoise-

Like, I'm done with losing.

The CEO of Group Dynamite speaking to hundreds of entrepreneurs gathered in Montreal, saying the province has become uninvestable.

Quebec is the most onerous jurisdiction to do business in.

He was joined by Alain Bouchard, co-founder of Couchetard, both of them also speaking for business moguls Laurent Baudouin and Paul Desmarais.

Yeah, exactly.

So, yeah, let's move on here to the next one on the list, so Groupe Dynamite.

Yeah, so they had a pretty solid quarter.

Whoever kind of found this one at the peak, which was probably a lot of people because that's kind of when it started to come to the surface, is still kind of taking it on the chin because it's down quite a bit.

They have to continue to do that to support the higher multiple that they have.

And when you look at recently, Group Dynamite reported a week or two ago.

And again, they had very good numbers and continue to generate.

And the stock was selling off.

created this.

I was, uh, which of the four, the four big, um, fashion retail stocks in Canada, two of which we cover, uh, Aritzia and, uh, Group Dynamite.

There's also Canada Goose and, of course, Lululemon.

Which of them do you think will, I believe the question is just which do you think will perform best either by the end of the year or over the next year? I think it's over the next year,

So Aritzia came in at 37%.

Lululemon came in at 34%.

Group Dynamite at 20%.

And Canada Goose trails the pack at 9%.

I'm, I'm fairly bullish on Aritzia, but I do understand that if Aritzia were to even post one mediocre quarter, I would imagine that stock would fall 25 to 30% after earnings.

And that's what a company like Group Dynamite did after they reported, like, a so-so quarter.

I think they fell 20, 25% after a big run-up.

So that's kinda why I've learned in the space to always take profits off the table.