| PAST TOP PICK | 28.000 | Michael Smedley | (A Top Pick Sept 21/06. Up 35.3%.) Was acquired. | 2007-09-10 | |
| Comment | 27.860 | Kevin Hall BComm, CFA | They are in the value segment of the beer market. ($1 a beer!) Have recently had a $28 offer by Labatt’s Brewery, which is about a 35% increase to the trading price. If you own, he suggests you tender to the offer. | 2007-03-09 | |
| SELL | 27.850 | Andrew Guy, CFA | Has had an offer to buy them out by Labatts. Would be tempted to take the profits. | 2007-02-08 | |
| PAST TOP PICK | 21.950 | Robert Toole | (A Top Pick Oct 27/06. Up 4.5%.) A relatively small business and has a tremendous ability to grow, generating increases in revenue and cash flow. | 2007-01-18 | |
| PAST TOP PICK | 18.090 | Jean-Francois Tardif | (A Top Pick Nov 29/05. Up 49%.) Reported amazing results. Earnings were up almost 100% year-over-year. Continues to gain market share. | 2006-11-16 | |
| BUY | 18.800 | Chyanne Fickes | Could do fairly well. They have done a great job. Doesn't know how much farther they have to go in increasing market share. May have been oversold. | 2006-11-06 | |
| TOP PICK | 21.000 | Robert Toole | A well-run trust. Very innovative marketing strategy. A lot of distribution growth potential. Do a good job of controlling costs. Low payout ratio. Trades at about 9 EBITDA. | 2006-10-27 | |
| DON'T BUY | 20.300 | Michael Sprung | 7.6% yield. The problem with the smaller breweries is the economies of scale and whether they are able to compete. To compete, they have to have very loyal customers. Not sure if in the long-term they have the scale to compete effectively. | 2006-10-18 | |
| TOP PICK | 20.700 | Michael Smedley | Has been able to take market share with low-cost beer. Expect they will go on in a great wave. 7.8% yield. | 2006-09-21 | |
| DON'T BUY | 19.750 | Michael Sprung | Will be paying a special dividend. Brewing is a tough business. They have done very well but not sure this is the type of firm he would be looking for in a trust for long-term earnings stability. | 2006-09-19 | |
| HOLD | 16.350 | Chyanne Fickes | Did a tremendous job. Gaining market share and the whole value category is growing in terms of its part of the market. | 2006-07-04 | |
| Comment | 16.100 | James Leung | Low priced beer. Likes the management. If the big brewers become active, there is a competition risk and they would have to adjust accordingly. Sold his holdings when the valuation went up. | 2006-06-30 | |
| SELL | 14.400 | Ravi Sood | Brewer in the lower end pricing. They have performed exceptionally well. Very well managed business, but from where it is trading here he would be a seller. Competition is growing. | 2006-04-07 | |
| BUY | 14.090 | Jean-Francois Tardif | He continues to own it . They are gaining market share, and in the beer business that's the name of the game. | 2006-03-16 | |
| PAST TOP PICK | 13.800 | Jean-Francois Tardif | (A Top Pick Nov 29/05. Up 13.5%.) They have gained market share. Expect that distributions may be increased again. Trades around 10 X earnings. | 2006-02-15 | |
| TOP PICK | 12.110 | Jean-Francois Tardif | Every year trusts do very well going into the RRSP season. Because of this, all 3 picks are income trusts. It has gained the most market share over the last few years and is now at 10%. Feels they will make $1.50 or more next year. | 2005-11-29 | |
| SELL | 11.870 | Ravi Sood | Have done phenominally well with their discount brands however they've been a victim of their own success by attracting some of the majors into their segment. | 2005-10-14 | |
| BUY | 12.000 | Michael Simpson, CFA | A recent IPO that has done very well. Has raised its distribution. A leader in the value segment. | 2005-10-07 | |
| Comment | 11.870 | Paul Harris, CFA | Has not been following. An interesting income fund because it has all the dynamics of a good fund. Stable cash flow going forward. Feels they can grow their business. | 2005-09-19 | |
| | | | |
|
| DON'T BUY | 11.550 | Michele Robitaille | Don't particularily like the breweries business. There's no competitive advantage. Increased their distribution which she felt was quite aggressive given the short operating history that they've had. | 2005-09-16 | |
| TOP PICK | 10.800 | Jean-Francois Tardif | Earnings are growing and expects they will substantially increase their distributions. | 2005-08-29 | |
| DON'T BUY | 10.590 | Sandy McIntyre | A brand new trust. On the IPO, the payout ratio was very tight which doesn't give enough flexibility in the initial payout ratio. This is the "buck a beer" concept bringing a low cost product into a very competitive market. Hope that they don't sting Molsons and Labatt's so bad that they come after them with a price war. Margins are skinny. | 2005-08-12 | |
| BUY | 10.850 | Dean Orrico | Consumers are migrating to higher end beers or the lower end value of the market where this one is. Has about a 10% share of the Ontario beer market. Should see a couple of good quarters because of the hot summer. | 2005-07-29 | |
| DON'T BUY | 10.800 | Michele Robitaille | A small new issue that came to market in the last month or two. Basically they're focused on the value segment of the beer market (24 cans of beer for $24) and she is concerned on how sustainable their competitive position is. | 2005-07-15 | |
| DON'T BUY | 10.220 | Norman Levine | A small specialty brewery. Risky. Starting to get competition on their specialty product. Could be vulnerable. | 2005-06-22 | |
Experts that have talked about Lakeport Brewing Income Fund
Rss Top Picks Feed
