Through subsidiaries, Gendis partic...

Through subsidiaries, Gendis participates in Canadian retail merchandising (Metropolitan, Greenberg and Saan stores), oil and gas (a 31% interest in Chauvco Resources Ltd) and real estate. At the time the company was studied in the July/August 1991 issue, it also holded a 51% interest in Sony of Canada Ltd which has been sold In addition, shares were trading at $2350

During the 10 year application of mind period ending January 31, 1991 the two revenues and EPS grew at approximately 10% by year. Subsequently, revenues grew at about 1% through year and EPS generally declined to the $080 flat by 1995 when the company's interest in Sony was sold This decline is attributed to increased competition and smaller margins in the company's retail and electronics activities. EP from continuing retail, resource and real estate activities in 1996 was -$056

The company's stock has followed its EP germination and declined to the $10 flush in 1996. Dividends per share quite through the study period were maintained at $0.54a small consolation to those purchasing the stock during the last five years.

Copyright Canadian Shareowner Magazine Inc. Jul/Aug 1996

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