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| PAST TOP PICK | 22.400 | Michael Simpson, CFA | (A Top Pick March 2/11. Up 13.6%.) Provides laundry services to hospitals and hotels, mostly hospitals. Low debt on the balance sheet. Expects a dividend increase later this year. Extremely well managed. | 2012-04-12 | |
| TOP PICK | 20.720 | Michael Simpson, CFA | About 80% of business is supplying linens to hospitals and 20% to hotels. Active in 6 provinces. About 50% payout ratio. Low debt. Have ability to make further acquisitions. 5.5% yield. | 2011-03-04 | |
| HOLD | 16.650 | Michael Sprung | Launders linen for hotels, hospitals, etc. Have some very good contracts in the Western cities. Has done very well. Will have to convert and there will be an adjustment in the distribution. 6.6% distribution. | 2010-09-22 | |
| PAST TOP PICK | 14.950 | Michael Simpson, CFA | (Top Pick Jan 16/09, Up 47%) Great little company. Low payout ratio, can convert to corp. and continue to pay distribution. | 2010-02-23 | |
| STRONG BUY | 13.700 | Sandy McIntyre | Linen cleaning. Long-term hotels/hospital contracts. Stable company with a strong balance sheet. Under 50% payout ratio. 8.2% yield. | 2009-12-14 | |
| PAST TOP PICK | 13.120 | Michael Simpson, CFA | (A Top Pick Nov 20/08. Up 42.13%.) Still likes. | 2009-12-03 | |
| PAST TOP PICK | 12.000 | Michael Simpson, CFA | (A Top Pick May 14/08. Up 8.98%.) Linens with hospital/hotel long-term contracts. Margins were dropping because of higher Alberta labour costs. Turning around and margins are expanding. Low payout ratio. Alberta is building out infrastructure giving this company good chance for contracts with new hospitals. No problem changing to a corp in 2011. | 2009-07-06 | |
| PAST TOP PICK | 11.500 | Michael Simpson, CFA | (A Top Pick May 14/08. Down 1.4%.) Linen cleaning. Mostly hospitals with about 20% from hotels. Good management. Benefiting from lower wages and natural gas prices in Alberta. Low payout ratio and low debt. Still a Buy. | 2009-03-25 | |
| TOP PICK | 10.210 | Michael Simpson, CFA | About 80% of laundry business is hospitals and 20% is hotels. Labour and natural gas prices are coming down. Possible expansion into Quebec. Low payout ratio. 11% yield should be sustainable. | 2009-01-16 | |
| TOP PICK | 10.200 | Michael Simpson, CFA | Alberta focused. Provides linen service to hospitals on long-term contracts. About 20% of their business is in the hospitality sector. Alberta is building about 4 or 5 new hospitals. Last quarter was very strong with a 52% payout ratio. Very cheap. | 2008-11-20 | |
| TOP PICK | 12.210 | Michael Simpson, CFA | Cleaning hospital linen and to a smaller extent hotels. Very good company. In 6 cities now. Had an excellent quarter. Starting to benefit from some labour savings in Alberta. Trades at about 6.7X EBITDA, which is cheap. Long-term contracts. | 2008-08-13 | |
| TOP PICK | 12.370 | Michael Simpson, CFA | Linen services for hospitals and hotels. Toronto, Alberta and Vancouver and recently expanded into Quebec. New volume is expanding in Calgary due to new hospitals. Long-term contracts. Excellent management. | 2008-05-14 | |
| BUY | 12.280 | Sandy McIntyre | Linen supplies for hospitals and hotels. 9% yield. | 2008-05-05 | |
| HOLD | 13.750 | Patrick Kim | Coming close to full value. 8% yield is very attractive. The Calgary contracts have now been settled. | 2007-05-14 | |
| TOP PICK | 12.400 | Patrick Kim | One of the largest laundry providers. Great business model. Very little competition and non-cyclical. Looks like it is ready to renew Calgary contracts. | 2007-01-26 | |
| Comment | 10.200 | Chyanne Fickes | This was a perfect company to be trusted with its stability with laundry of hospital, hotel linens. Expecting to renew a large Calgary contract tomorrow. If they lose it, the stock will not do well. | 2006-12-18 | |
| TOP PICK | 15.050 | Michael Simpson, CFA | 85% of revenue is from hospital laundry services. The rest is hotel services. Recently made an acquisition in Victoria. A business with long-term contracts. 80% payout ratio. Reasonable debt. | 2006-06-01 | |
| TOP PICK | 14.900 | James Leung | In the laundry management business, catering to healthcare and hospital sectors. Revenue is backed by long-term contracts. $14 or below would be a good entry point. | 2006-03-31 | |
| HOLD | 14.680 | James Leung | Canada's largest laundry/linen processing company. Clients are basically hospitals and hotels in major metropolitan areas. Payout ratio is very conservative at 70%. Fairly priced at this time. | 2006-01-27 |
