| DON'T BUY | 18.970 | Jean-Francois Tardif | (Email: There is talk of a class action suit because of their practice of cancelling points without warning.) 4.4% yield is not very attractive. Doesn't see any reason you should own this one. Very complicated accounting. | 2008-02-12 | |
| PAST TOP PICK | 21.000 | Brendan Caldwell | (A Top Pick Feb 27/07. Up 7.7%.) The loyalty program business has been one that has been growing over a number of years. | 2007-07-24 | |
| DON'T BUY | 20.690 | Andrew Guy, CFA | Great business, but not necessarily a great stock. Valuation is too high. Management has done a tremendous job of finding new niches and growing its business. | 2007-06-27 | |
| TOP PICK | 20.050 | Brendan Caldwell | With the business model of consumer loyalty programs, it will do nothing but grow over the next number of years. | 2007-02-27 | |
| DON'T BUY | 18.490 | Patrick Kim | Continually scratches his head over the valuation on this one. A good business model and its consumer segment is strong in Canada, but the valuation looks incredibly rich at 18 X EBITDA. | 2007-01-26 | |
| BUY on WEAKNESS | 15.200 | Robert Lauzon | Has held up fairly well, but is a little bit expensive now. Good-quality cash cow and generates lots of free cash flow. If you own, consider taking some profits. | 2006-11-24 | |
| DON'T BUY | 12.490 | Leslie Lundquist | Sold her position. Was satisfied that it was a good business, but felt the valuation was getting a little bit rich. Announced a very strong 1st quarter but warned investors that it was a bit of an anomaly. It is on her watch list. Would consider if it got inexpensive again. | 2006-05-17 | |
| BUY on WEAKNESS | 12.750 | James Leung | A high-quality income trust. Fairly healthy growth. You get about 10/12% total return which includes growth plus distributions. | 2006-01-27 | |
| BUY | 12.950 | Greg Guichon | Likes its growth profile. Current yield are about 5.5/6%. Looking to increase retailers that will give out miles. A very good trust. | 2006-01-20 | |
| DON'T BUY | 11.650 | Michele Robitaille | This one has pulled back the least in this correction. Would be very cautious at these levels. The biggest concern with this is that it is tied to Air Canada and you have to wonder about the long term viability of that business. | 2005-11-18 | |
| DON'T BUY | 12.260 | Michele Robitaille | Pulled back about 15% from its highs. Had a low yield and with interest rates starting to rise money left it to go into other interest asets. Longer term growth prospects are reasonably positive longer term, but feels it's relatively expensive. | 2005-10-14 | |
| WATCH | 13.000 | Michael Simpson, CFA | His opinion on this trust depends on how they diverisfy with their rewards program outside of their traditional airline rewards. Waiting to see if they sign up a national grocer, retailer, etc. | 2005-10-07 | |
| TOP PICK | 14.250 | Matt Baillie | Expect it to continue to move. A real cash cow and doesn't need CapX. All Canadian, so you don't have the foreign exchange exposure. They'll be consolidators in the loyalty program space. | 2005-09-08 | |
| DON'T BUY | 11.700 | David Driscoll | Hates IPO's. You're pretty much getting a royalty stream, but it's set up that there's no guarantee the cash flow stream is going to continue. Overpriced. | 2005-06-28 | |
Experts that have talked about Aeroplan Income Fund
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