Investment Research report

Dollarama Inc.

Previous Item
All Reports
Dollarama Inc.
Hard To Bargain For A Higher Price
Download Report
Dollarama Inc.
Download Report 2
Dollarama Inc.
Download Report 3
Dollarama Inc.
Download Report 4
Dollarama Inc.
Download Report 5
Dollarama Inc.
Download Report 6
Dollarama Inc.
Download Report 7

Research Overview

S&P 500
Consumer Discretionary
Oct 31, 2018

After conducting a forensic financial and accounting review, Spruce Point believes Dollarama, Inc (TSX: DOL), a Canadian dollar store retail chain, has declining fundamentals and unsustainable margins as well as a growth plan that appears unrealistic, capital allocation and refinancing risks, and questionable accounting and governance practices. Based on our investigation, we estimate 40% downside risk, or $24.60 per share.

The report highlights several key concerns with the company, including:

  • Details on the Company’s declining fundamentals and unsustainable margins
  • Evidence that hitting the target store roll-out appears to be unrealistic
  • Questions for management surrounding accounting and governance practices
Downloads & More

Research Assets & Releases

Join The Mailing List

Spruce Point Alerts & Updates

See the other side of the Wall Street hype machine.