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| PAST TOP PICK | 0.055 | James Hodgins | (A Top Pick Nov 15/10. Down 94.27%.) They essentially ran out of capital. Took a stop loss on it at around $.90, so did okay. | 2011-07-25 | |
| HOLD | 0.055 | Benj Gallander | You get 6 cents per share. This was a mistake. Thinks this is a done deal. If you cannot make money in the Christmas quarter, you wont make money all year. | 2011-07-15 | |
| PAST TOP PICK | 0.055 | James Hodgins | (A Top Pick Oct 7/10. Down 93.47%.) At the time, they were re-branding a number of their stores and were having positive sales momentum. Got up to $1.40 and then they started missing their numbers. Got out stopped out of most of his holdings at $.90 but still holds a small position. | 2011-06-27 | |
| PAST TOP PICK | 0.070 | Benj Gallander | (Top Pick June 8/10, Down 89.43%) They were just losing too much money. | 2011-05-31 | |
| PAST TOP PICK | 0.455 | James Hodgins | (A Top Pick Nov 15/10. Down 52.6%.) Got Sold out using a stop/loss at around $0.90 but still holds a piece of their debt that he is very comfortable with. Got squeezed by the bank and ran out of capital. Company is now up for sale. Still some value. | 2011-04-21 | |
| SELL | 0.490 | Hap (Robert) Sneddon FCSI | We have a little bit of a double bottom here. If it breaks $0.50 then get out of it. Don’t consider buying it until it breaks a dollar. | 2011-03-25 | |
| BUY | 0.820 | James Hodgins | Part of the pressure on the share price is related to financing they are in the process of doing, which they announced last week. New stores are doing quite well but half of the chain is still in the older stores. There is some strategic value here. | 2011-01-31 | |
| SPECULATIVE BUY | 1.130 | Benj Gallander | They are at a critical juncture right now. They have to have earnings from Christmas. In old stores, same store sales are going down. They have been opening new stores and rejuvenating old ones and now same store sales are going up. They are not out of the woods. There is a lot of risk. | 2011-01-04 | |
| BUY | 1.140 | Peter Imhof | New management has refurbished a number of stores, which are now starting to see a good pick up in same store sales growth. If management can continue to execute, this can be a very good stock in a couple of years. | 2010-12-22 | |
| PAST TOP PICK | 1.180 | James Hodgins | (A Top Pick Nov 15/10. Up 27.08%.) | 2010-12-21 | |
| TOP PICK | 0.960 | James Hodgins | (A Top Pick Oct 7/10. Up 17.4%.) In dramatic transition currently with new management coming in from US. Revamping the entire chain. Each revamped store has been showing upwards of 20% on same store sales growth. | 2010-11-15 | |
| TOP PICK | 0.920 | James Hodgins | Believes consumers are trading down, looking for brand names at a reasonable price. New management from US with a similar type of business. Revamping all stores and same store sales growth in newer stores is roughly 20%. Looking for $10 million a year in EBITDA. Could easily be $2-$3 in 12 months. | 2010-10-07 | |
| TOP PICK | 0.950 | Benj Gallander | High risk but same store sales went up 5.1%. | 2010-09-17 | |
| TOP PICK | 0.710 | Benj Gallander | Made a mistake when he bought in 2007 when same store sales went down more than they should have. They just did a refinancing yesterday, high interest. They needed more money to buy inventory. It is now up year over year by a third. Relatively new management is from big lots in the states. There is still danger here. It is somewhat speculative. They have a debt load. The upside is clear but it is clearly risky. | 2010-06-08 | |
| PAST TOP PICK | 0.700 | Benj Gallander | (Top Pick Mar 12/09, Down 33%) Has been the worst beat up stock in his portfolio. New management felt they could turn it around very quickly. It’s taken longer than they thought because things were worse than they thought they would be. By end of week they should have worked out debt problem with their bank. Don’t buy it now. | 2010-04-05 | |
| WAIT | 1.100 | Benj Gallander | Potential upside. They are tight for cash. Need a loosening of credit. Need to sell inventory. Likes it a lot. It’s in the bargain bin space. | 2009-05-01 | |
| TOP PICK | 1.040 | Benj Gallander | People will be looking for bargains. New management team owns Big Lots in the US, which has done very well. Negative is refinancing as they still can't buy all the product they want. Tremendous amount of product around through bankruptcies. Thinks same-store sales will go up. Can see huge upside but it will take a long time. | 2009-03-12 | |
| BUY | 0.780 | Benj Gallander | Had bought this one looking ahead to a recession. Unfortunately, bought early and it has come down quite a ways. CEO left. Closed US operations. Just renewed and expanded their bank credit lines and he thinks there is a potential for good times. Same-store sales went down in the past year and hoping this will turn. | 2009-01-12 | |
| HOLD | 1.200 | Benj Gallander | (Market Call Minute.) Major dangers. May do well because they are a discounter. | 2008-09-15 | |
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| BUY | 2.420 | Benj Gallander | Very clean balance sheet. Has about $15 million of debt but he thinks the company can support it. Closing their US operations except for 3 stores. Expanding in Canada but they have cut back the expansion plans, which he likes. They have to work on their margins. If there is a recession going forward, they can get some bargain buys. Retailers go out of business and they pick up the goods at major discount. | 2008-01-25 | |
| PAST TOP PICK | 3.110 | Benj Gallander | Then $5.50 Things have gone wrong for them, in moving to the states. Inventory problems. Thinks the up side is still around $10, so is more attractive at these levels. But they have also have more debt. He's holding his position, and remains confident. Thinks it is a worthwhile play, if you can take the risk. | 2007-10-18 | |
| PAST TOP PICK | 5.450 | Benj Gallander | (A Top Pick Oct 6/06. Down 2.7%.) Were doing much better until the last couple of weeks when they reported quarterly earnings and had lost money. Likes management. Balance sheet is good. Still likes. | 2007-05-18 | |
| Comment | 5.700 | Ben Stadelmann | They do very well when there are disasters. A very thin trading stock. Well-run company. Good geographic distribution. | 2007-04-20 | |
| PAST TOP PICK | 5.750 | Benj Gallander | (A Top Pick Oct 6/06. Up 4%.) They continue to expand and their revenues keep going up. Has a lot of confidence in them. | 2007-04-19 | |
| TOP PICK | 5.500 | Benj Gallander | Have been losing a lot of money. Management is starting to clear out some of the old inventory. Same stores sales is up. Balance sheet is in good shape. | 2006-10-06 | |
| PAST TOP PICK | 5.380 | Michael Sprung | (Was a top pick on May 14. Down 41%) Has had problems and has been a disappointment. | 2002-09-10 | |
| TOP PICK | 9.140 | Michael Sprung | Cheap. Earnings prospects for next year should be well over $1. High ROE. | 2002-05-14 |
