The stock currently offers a … Options For Life. This spin off of GWL is not a taxable event. This is a really attractive entry point. Loblaw Companies Limited (TSX: L) ("Loblaw" or the "Company") announced today its unaudited financial results for the second quarter ended June 13, 2020. Operating income plunged 10.5% to $561 million. The stock had gone up to about $7-$8 and then Amazon (AMZN-Q) acquired Whole Foods which impacted all the retailers in the US as well as our Canadian grocers. He pointed to a $190 million impact due to rising minimum wage, somewhere between $75 million and $150 million in initial costs to address its participation in an alleged industry-wide bread price-fixing scandal, and the impact of drug reform.Loblaw expected additional health-care reform to significantly impact its pharmacy business, Richard Dufresne, Loblaw's then-chief financial officer, said during the company's third-quarter conference call in November."But, depending on how health-care reform plays out, we expect we have not covered all of it."Loblaw shares shed 3.16 per cent to $67.03 after reaching a daily low of $65.98 Tuesday on the Toronto Stock Exchange."We're concerned by any impact," La Fleche said.The pan-Canadian Pharmaceutical Alliance -- which represents the provincial, territorial and federal governments, and the Canadian Generic Pharmaceutical Association -- announced Monday that they have reached an agreement that will see the prices of nearly 70 commonly prescribed generic drugs discounted by up to 90 per cent of their brand name equivalents.No single initiative will offset "the significant industry headwinds," he said, but the company has made progress to mitigate them.The company's shares were relatively unchanged after markets closed, down 0.3 per cent to $40.75, on the same day the Montreal-based retailer announced a nearly 11 per cent boost to its quarterly dividend after profits surged in the first quarter.Meanwhile, Loblaw, which owns the Shoppers Drug Mart chain, saw its stock downgraded once details of the drug reform emerged. BRAMPTON, ON , June 25, 2020 /CNW/ - Loblaw Companies Limited (TSX: L) announced today that it will release its second quarter 2020 results on July 23, 2020 at approximately 6:30 a.m. (ET) . i just bought in at $65 2 days beforeFor Canadian tax purposes, a shareholder who receives cash in lieu of a fraction of a GWL common share may generally choose to either (a) include the amount of any gain or loss from the disposition of such fractional share in the computation of the shareholder's income or (b) reduce the adjusted cost base of its GWL common shares by the amount of such cash consideration.Because the Loblaw family is evil?Looking at P/E for REITs will lead you astray.
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why is loblaw's stock dropping