STOCKCHASE

(Market Call Minute.) Massive dividend should be sustained. Making acquisitions. Was slaughtered a few months ago by 2 technical analysts.

2011-12-13

BUY

3.090

Totally confident that it can continue to pay its 20.8% dividend. Solid business. Just bought a new digital company, which will advance them in the digital print area.

2011-10-31

BUY

4.450

Michael Sprung

A good place in the data management busbies in Canada, but he thinks it is one of those companies that have not been in good favour of the last couple of years. Thinks they will convert from am income trust sometime soon.

2011-07-26

SELL

5.270

Jeff Parent B. Eng. FCSI

Not a good-looking chart. Volume is a bit higher than average on the down side. The 12% gain in May has all evaporated.

2011-07-04

WEAK BUY

5.620

It is not showing very big growth but it is a very interesting business. Two of major banks are very stocky clients and have been for years. Pays a nice dividend, is being maintained, having been cut a long time ago. It is not in trouble but it is not going to be exciting.

2011-06-14

BUY

6.500

Dividend is sustainable. 10% right now. Fortunately an analyst has started covering it again. It got a reasonable report. It’s been solid recently so it should be all right. They can use losses from other companies to sustain their dividend.

2011-03-08

PAST TOP PICK

6.820

(A Top Pick Feb 23/10. Up 5.15%.) Still likes.

2011-02-01

PAST TOP PICK

6.420

(Top Pick Jan 21/10, Up 19.55%) Has an 18.5% yield and have signaled they will be an income trust until 2013.

2011-01-07

TOP PICK

6.040

Designs and produces forms for banks and insurance companies.19% yield will be going down when they convert to a corp.

2010-11-22

HOLD

7.470

Got a great tradition of software. It’s a solid company. Not been stellar in terms raising its revenue in the last year. Hold for income and reliability. Inroads into government. Could get taken out one day.

2010-07-29

BUY on WEAKNESS

7.000

Publish a lot of forms for banks, annual reports, etc. Very high payout ratio last year. Expecting distributions to be cut anywhere from 30% to 35% when they convert.

2010-07-07

BUY

9.320

There is great security with this small-cap company. Will have to transition into a corporation by year-end but yield should still be very strong.

2010-04-29

HOLD

9.550

Printing. Good free cash flow business. Won't be able to maintain a 12% yield when it converts to a corporation. As a rule of thumb, use a 25%-30% cut.

2010-04-23

TOP PICK

7.480

16% yield. Absolutely sustainable. They think $.80 dividend is conservative after conversion to a corporation. The only market risk is that there are no buyers.

2010-02-23

TOP PICK

6.700

Healthy dividend yield of 18%. Will not convert over until the last moment. All Canadian banks are its clients. Leader in document management services

2010-01-21

BUY

5.550

Prints and publishes various material. Customers include Canadian Tire and Shoppers Drug Mart. Have been hit hard by the recession. Have a very high yield. Over distributing at about 109% payout ratio and market is already pricing in a distribution cut.

2009-12-03

BUY

2.800

(Market Call Minute.) In the publishing area. Going through some tough times but at these levels it is a buy.

2009-03-25

Comment

4.500

Specialty publishing of labels, annual reports, tickets, etc. The little weakness reflects the weakness in the economy. Will probably have to do a 20%-25% distribution cut from 25%.

2009-01-16

PAST TOP PICK

9.450

(A Top Pick Apr 13/07. Down 1% including distributions.) Primarily commercial printing. A stable business. Still likes.

2008-02-26

BUY

8.690

Andrew Guy, CFA

Runs the paper business, end to end for a couple of the financial institutions. Has been frustrating, as people have not recognized the value of it. Have done a really good job of building itself into the core of these large businesses. Excellent management team. 13.5% yield.

2008-02-06

PAST TOP PICK

11.650

(Up 22.4% since Sept. 25 2006) He owns it currently and thinks it is great. Management team has a good reputation. It is down for now, but feels it will go higher.

2007-10-19

BUY

10.660

Were a little bit light on their cash flow numbers. This is weakness in the southern Ontario economy showing up in their sales.

2007-08-13

TOP PICK

11.770

A commercial printer that prints bank statements, concert tickets and annual reports. Doubled in size last year. Dirt-cheap. 10% yield.

2007-07-13

BUY

11.100

Primarily printing/document management. Made a key acquisition of a major competitor in Quebec last year. Generates lots of free cash flow. 10.5% yield is relatively safe.

2007-07-04

TOP PICK

10.930

Andrew Guy, CFA

Strong management team. Document management business for the big banks and largest Canadian corporations. Recently bought their largest competitor. Nice steady business.

2007-06-27

PAST TOP PICK

10.950

From sept 25 2007 Then $10.25 Up a little over 7%, plus a special distribution as well, for a total of 17%.

2007-06-08

TOP PICK

10.950

Document management services. eg. Bank statements Closing plants, will earn 7 million dollars in profit from the cost savings.

2007-06-08

TOP PICK

10.300

Predictable and doesn't require a lot of capital and free cash flow can be maximized. Good management. 1.5% yield.

2007-04-13

TOP PICK

9.350

Andrew Guy, CFA

Provides document management solution services. Provide and manage letterhead, business cards, specialty printing, etc. Recently acquired Relizon, their biggest competition and are looking for $7 million of synergies out of this.

2007-04-09

PAST TOP PICK

9.170

(A Top Pick Sept 25/06. Down 11.2%.) Recently bought some. A very good place to be. Could appreciate some.

2007-02-09

DON'T BUY

7.990

Michael Sprung

Manage data for banks. Was pretty small for an income trust and was particularly hard hit. Very high yield which could be a bad sign.

2006-12-08

DON'T BUY

7.700

Ben Cheng

Outsourcing in the print business, while robust in the past, companies now have newer and cheaper production methods. Good management team however, the business has been slowing and declining.

2006-12-01

TOP PICK

10.250