So although the top line's been growing, it has been driven by price, while volumes have been coming off. And if you think of the actual underlying customer in terms of the businesses that they do business with, they've been de-stocking, decreasing inventory. There's been a lot of change in terms of consumer behaviour. In terms of GDP, they actually haven't been as defensive as you might think. They put through price increases in both flexibles and rigids, so they get lag benefits if inflation comes off, we think, in terms of margins. We think that helps them in terms of their costs, and there are some lag effects in that business. If you look at that scenario from an inflation perspective, that dials back. Andrew, buy, hold, or sell? Amcor ( ASX: AMC)Īndrew McKie (BUY): We'd still be a buy, and we'd be a buy under that scenario. The global packaging company with food and beverage clients, primarily. So which stocks would you want to own if inflation comes down, GDP steadies, and rates stop rising? That's right, we're talking about the Goldilocks scenario today with Andrew McKie from Elston Asset Management and Rob Crookston from Wilsons. That recession everybody keeps talking about, well, it still hasn't come. Hans Lee: Hello, and welcome to Livewire's Buy Hold Sell. You can watch the show, listen to the podcast, or read an edited transcript below. Note: This episode was taped Wednesday 12 July 2023. Joining moderator Hans Lee are Andrew McKie from Elston Asset Management and Rob Crookston from WILSONS. In this edition of Buy Hold Sell, we're talking about which ASX-listed stocks you would want to own (or not own) in a Goldilocks scenario. You can follow Craig Takeuchi on Twitter at /cinecraig.Corporate earnings also continue to be resilient and earnings guidance statements so far this confession season continue to provide an impetus for this market to grind slowly but surely higher in spite of all the headwinds.Īll of this begs an important question - what if the optimists were right all along? And if they are, what stocks do you want to own in that dream scenario? Meanwhile, the Chapters store at Granville and Broadway was rebranded as Indigo in June. Teaz Tea Boutique closed at 2418 Granville, Tarts Bakery closed at 1509 Broadway (near Granville), and Oscar's Art Books closed in April at 1533 West Broadway after a 25-year run. It was replaced by the Ian Tan Gallery in June, which moved across the street from 2202 Granville. Home Quarters Furnishings has moved into 2301 Granville.įashion and décor boutique Moulé (formerly located on 4th Avenue) closed its location at 2321 Granville Street. The move comes at a time when several other businesses in the South Granville neighbourhood have been closing or moving, often in what seems to be game of musical chairs.įurniture store EQ3 Vancouver (which was originally located in Yaletown) moved a few blocks from 2301 Granville Street to 2536 Granville (the former location of Bombay Company). The Georgia Straight is awaiting a response to a request for an interview from the company. The company originated in the Philippines and has numerous locations in the U.S. It also supplies products to Asian food stores across Canada. Goldilocks Canada has two other stores in Metro Vancouver, one at 2833 Main Street and another at Guilford Town Centre mall (10355 152 Street) in Surrey. Its new location is at 101– and 102–2728 North Fraser Way in Burnaby and will feature a small café. Its last day on West Broadway was on August 28.

Goldilocks Bakeshop's Broadway location, which opened in 1984, housed its Canadian headquarters and manufacturing facility. (Galing Galing restaurant at 1537 West Broadway closed several years ago.) It served both sweets, like polvoron (shortbread) and leche flan (Spanish-influenced crème caramel), and savory meals, such as chicken adobo and noodle dishes like pancit palabok, miki bihon, and mami. The Filipino bakery and eatery was one of the handful of Filipino businesses in the area. With its window display of speciality cakes, the bakeshop's yellow building and blue awning, located at 1606 West Broadway at Fir Street, has been a longtime fixture in the South Granville area since it opened its doors in 1984. Just like the children's fairy tale it's named after, Goldilocks Bakeshop has decided to search for a fit that's just right.Īfter 30 years, the Filipino bakery and café is relocating its manufacturing facility from its Broadway location, which also housed its head office, to Burnaby.

Goldilocks restaurant