DON'T YOU HATE THOSE NON-VOTING SHARES
ADD ATD.SV.B @31
Add some ATD due to very strong seonc quarter result (Q2/05, $0.49 vs. $0.45), reasonable growth, improved margin, higher synergies realized, better outlook for the remaining two quarters, potential more acquisitions, and improved balance sheet. Numbers and target are revised upward as of today ($1.95 for F05 and $2.35 for F06). Valuation remains reasonable. The most important is the fact that the management has been able to deliver consistently quarter after quarter. It is not too bad time to add some consomer stables. The only drawback is the fact it is another one of those where owners control the company with voting shares. Well, this is Canada, and we are Canadians. Sometimes you have to do what you have to do.
Add some ATD due to very strong seonc quarter result (Q2/05, $0.49 vs. $0.45), reasonable growth, improved margin, higher synergies realized, better outlook for the remaining two quarters, potential more acquisitions, and improved balance sheet. Numbers and target are revised upward as of today ($1.95 for F05 and $2.35 for F06). Valuation remains reasonable. The most important is the fact that the management has been able to deliver consistently quarter after quarter. It is not too bad time to add some consomer stables. The only drawback is the fact it is another one of those where owners control the company with voting shares. Well, this is Canada, and we are Canadians. Sometimes you have to do what you have to do.
posted by ZIGZAG at 11/17/2004 01:17:00 PM
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