STOCKCHASE

Hap (Robert) Sneddon FCSI

(Market Call Minute.) Loves this company. They do everything right. Dividend is going up. Same-store sales are going up.

2012-01-31

BUY

48.860

Stan Wong

Has competition from many different spaces, primarily McDonald's (MCD-N) at this point. However, we are still looking at a nice low teens long-term growth. Trading at around 13X earnings. Has stayed above the 200 day moving average. Likes the stock.

2012-01-26

DON'T BUY

49.030

Michael Sprung

Valuation has appreciated over the last year or so and he considers it as fully valued now. Not a great deal of capital appreciation if you buy now.

2012-01-23

DON'T BUY

48.750

Michael Decter

A wonderful company. Would be reluctant to chase it at these prices. Yes they are busy and yes there is a big line-up. You wont go wrong holding it, but the best time to buy would be after a big market correction. Would want a $42 and you may not get that.

2012-01-04

BUY on WEAKNESS

49.380

Rick Stuchberry

A safe “bread-and-butter” stock for Canada. Has a beautiful chart. Would be inclined to wait and buy things on dips. Thinks the market is going to give you opportunities to buy at prices that are appropriate. Good and well run company.

2011-12-22

Comment

51.860

Christine Poole

Even though classified as a consumer discretionary stock, she would consider it as a staples stock. Very well run. Growth outlook in Canada is not that great so looking to expand slowly into the US. If this rally continues, this stock may lag. She would prefer Yum! Brands (YUM-N), which is getting their growth from emerging markets.

2011-12-01

HOLD

49.520

Stan Wong

Has the characteristic of a consumer staple, not discretionary. Almost a food and beverage company. Earnings have been moving upwards but almost 20 times forward earnings, so he is concerned about valuation. Probably not a bad place to continue to own.

2011-10-19

BUY

49.750

Jason Donville

A superb business and they're getting their return on capital with share buyback, etc. Going to have that steady Eddie aspect.

2011-10-17

TOP PICK

48.270

Ian Ainsworth

Good track record of growing for many quarters. Have the potential to grow 12%-15% with not much volatility. Defensive.

2011-10-12

WAIT

42.420

Consumer staples is a great space to be. Would like this to hold at around its current level. The upper trend line got broken, which tells you that something is changing. Chart shows a bit of a double top. When a stock breaks a trend like this one did, you have to give us some wiggle room.

2011-08-08

TOP PICK

43.630

Had a disappointing quarter and the stock has sold off about 10%. Still one of Canada’s great success stories. Same store sales are quite strong. Bringing out new products and profits are good. Lots of room to increase the dividend.

2011-06-16

DON'T BUY

45.920

Stan Wong

Missed their earnings estimates. Stock trades at about 19X forward earnings with a mid-teens growth rate so he can't reconcile the value of the stock. Better names with a similar growth rate and better valuation.

2011-05-12

HOLD

47.560

Brian Acker, CA

Model price is $38.67, a negative differential of 17%. Too expensive for his portfolio. If you own, a Hold is a good position.

2011-05-06

DON'T BUY

44.900

Great performer. You can like the company or you can like the stock price. He likes the company but does not like the stock price here. Prefers Premium Brands PBH-T, but he would want to enter a little lower. THI would have to come back 10% for him to buy

2011-04-05

DON'T BUY

44.380

Christine Poole

Well run, quick-serve restaurant chain. Thinks it is too expensive. It’s a competitive space. Prefers another.

2011-03-30

Comment

44.440

Mohsin Bashir

Facing a couple of headwinds, including rising input costs and more competition, particularly in fast service breakfasts. Very loyal Canadian following. A catalyst would be them going into the single serve coffee business.

2011-03-28

BUY on WEAKNESS

41.280

Michael Simpson, CFA

Great company. Very dominant and huge in Canada but finding it more difficult in the US. Sold their New England holdings. Speculation they will pay out a one-time special dividend. Would Buy on a pull back.

2010-12-02

HOLD

40.380

A company that gets everything right. Programmed for success. Some of its US operations haven’t worked, so they are closing them down.

2010-11-22

WAIT

38.460

Barry Schwartz

Good company, bad stock price. It’s hard to see it going past $42 in the next year or so, but if you hold it longer, you will do well. It is going to be a cash flow machine, raising dividends. If they are successful with the US expansion then earnings growth could be phenomenal. Wait for a pull back to $36-$37 or wait for it to grow into its stock price.

2010-11-04

DON'T BUY

38.330

Mike Lyons CA, CFA

Great company, great product. But he does not find it to be a buy at this price. Would be below $30. Owns starbucks.

2010-11-03

BUY

38.070

David Burrows

A good company that is getting better. Their US growth is attractive. Have had 4 quarters of accelerating earnings. Near term risks is that input costs are going up. Good operator.

2010-10-27

TOP PICK

37.890

Sales in US are pretty good. Almost 4000 stores now. Stock looks a little expensive, close to an all time high. Company is selling bakery division, but doesn’t need the cash. Speculation is special dividend, raised dividend or capital expense. It’s a cash flow machine.

2010-10-18

DON'T BUY

38.230

Christine Poole

Relatively expensive compared to a lot of consumer stocks in their area. Expanded into the US and seem to be getting more traction now.

2010-09-27

DON'T BUY

37.530

Robert McWhirter

Free cash flow on 4 quarters trailing is 5.4% before dividends. Earnings are forecast to grow fairly well. 2010 PE is 18X against 16% earnings growth and 2011 PE is 16X against 11% earnings growth. About half through his overall ranking. Yield of 1.4%.

2010-09-10

BUY

33.710

Seems to be doing ok in US – making money and doing well. Doesn’t understand why it sold off at the end of June. Not particularly economically sensitive.

2010-07-06

HOLD

31.940

David Cockfield

Has done extremely well. Stock has been volatile in one place.

2010-02-26

HOLD

31.200

Ara Nalbandian

Operating profits are quite high in Canada and decent in the US. Doesn’t see a lot of upside in this one. Not a lot of upside in the next year. It‘s just the valuation.

2010-02-16

TOP PICK

31.010

Not been a whiz-bang since becoming public but has increased earnings, dividends, market share and footprint in the US. Thinks the stock is behind the news and has some catching up to do.

2010-01-14

BUY

32.080

Barry Schwartz

Finally had a couple of profitable quarters in the US. If they are able to translate that into the same numbers they are showing in Canada that could really boost earnings. Good defensive holding.

2010-01-04

WAIT

30.760

Laura Wallace

Great Canadian favourite. Trading at fairly reasonable multiples. Becoming attractive but big concern is economic growth in North America and level of competition, particularly in the US, which is where the growth will come from. Still early.

2009-11-26

TOP PICK

31.130

Increasing their top line revenue by 3%-4% in Canada and over 4% in the US. Acquired Holstein Ice Cream and seems to be doing quite well.

2009-11-23

BUY

31.530

Douglas Kee

Great company, great franchise. Expecting earnings growth of 10%-15%. US side is doing a lot better than it was. Same store sales in Canada have come off a little because of the economy.

2009-11-19

DON'T BUY

29.840

Paul Harris, CFA

Did well when things were tough. It’s a defensive stock in many ways. If you have a sustained rally, it will move sideways. If you think the market will go up from here, then you don’t want to own it now.

2009-11-03

TOP PICK

30.130

Craig MacAdam

Strong management and strong franchise network. Just posted 2 profitable quarters in the US. Things are still doing very well in Canada. Long-term PE multiple is about 20X.

2009-11-02

PAST TOP PICK

31.300

(A Top Pick Nov 6/08. Up 8.66%.) Still a Buy.

2009-10-27

HOLD

30.230

Jim Huang

US expansion had not done very well until recently when they had a good quarter and rope even. Moving into New York City, which is hopefully a good thing. If they continue to improve US operations they should do quite well but it's too early to tell.

2009-10-02

BUY

30.790

Barry Schwartz

Likes the company. Smart management. Was buying when it fell below $30. Reasonable valuation. Consistently raises its dividend. US division finally had a profitable quarter in Q2.

2009-09-29

WAIT

31.830

Steve Carlin

Executing well. There will be some index rebalancing in the next couple of weeks, which will create some selling pressure as it moves out of one index and into another one. Wait until October and try to get it in the high $20's.

2009-09-16

DON'T BUY

31.020

John Zechner

A Good story. Growth is slowing. Won’t ever crack the US market. Would be more inclined to buy cheaper stock and hold longer. Valuation is too high.

2009-09-08

BUY

30.940

(Market Call Minute.) Inexpensive right now. Canada side will drive it, not the US side.

2009-08-31

HOLD

29.110

Lyle Stein

Consumer discretionary type of investment. Doesn't have the characteristics that really attract him as an investment. Safe stable holding but doesn't give him the upside that he wants. Think you can do better in other names.

2009-07-31

TOP PICK

28.490

Big relative out performer during this bear market because people have moved down in their eating habits. Have the ability to keep on expanding. About 1.5% yield and growing.

2009-07-07

DON'T BUY

28.870

David Burrows

Wonderful place to buy your coffee but he is Short the stock. A lot of competition in their space. MacDonald's (MCD-N) has gone after them on their breakfast market. Stock trades at 20X estimated earnings. Having difficulty in the US expansion. It could see a multiple contraction.

2009-06-15

SELL

29.540

Ken McCord

(Market Call Minute.) Has been too volatile.

2009-06-09

BUY

29.000

(Market Call Minute.) One of the defensive companies but has not rebounded in the recent recovery. Growing its dividend.

2009-06-04

Comment

29.180

Don Vialoux

Technicals are kind of mixed. Has been in a trading range and is really neutral. He is looking for a Buy signal for a seasonal trade, probably this fall and is having a hard time identifying it. Support at about $29 and short-term momentum indicators have turned up in the last few weeks. If you own, consider a Stop at around $28.

2009-06-02

TOP PICK

28.220

Jean-Francois Tardif

Franchise type of business so every $1 they make is free cash flow. Same-store sales growth goes up every year. Expects them to grow at 10% plus. Trading at almost its all-time low but earnings have grown.

2009-05-21

DON'T BUY

28.590

David Driscoll

In a trading range of probably $5 plus or minus. Yesterday's results were okay, but not great. He is not a buyer of this one right now.

2009-05-08

HOLD

30.210

Charles Lannon

(Market Call Minute) Stock is fairly well valued.

2009-04-23

BUY

29.750

Peter Gibson

Excellent profit growth. Good valuation. Hasn't pulled back nearly as much as the market has.

2009-02-04

HOLD

31.000

A consumer discretionary that has held up relatively well in this environment. A lot of the players are starting to cut costs in the area of breakfasts. Had a problem with growth in the US which is something to watch out for.

2009-01-15

BUY

34.890

(Market Call Minute.) Greatest staple we have in this country.

2008-12-31

BUY on WEAKNESS

33.030

Recently sold his holdings. Likes it and it is a place to hide in this market but prefers at $26 or $27. His concern is the US side, which is not going well.

2008-12-23

BUY

30.350

Steve Carlin

(Market Call Minute.) Continues to deliver 10%-15% growth. Valuation has slipped a little bit. Excellent product. Recession proof.

2008-11-27

DON'T BUY

27.090

Veronika Hirsch

(Market Call Minute.) Problems in the US. Would pick something else.

2008-11-21

TOP PICK

29.400

Doesn't think people will stop getting their coffee even if it is a recession. Trading at pretty much the cheapest price since it went public. Not banking on a huge US expansion. Average breakfast strategy seems to be doing well.

2008-11-06

DON'T BUY

27.900

Laura Wallace

Great Canadian success story. Likes management. For company to be successful, it has to grow in the US. Would not be her first pick. Brand recognition problem and this is not the environment to build it. They can’t get the strong growth.

2008-10-15

BUY

33.000

Has reformed reasonably well. Last quarter's numbers were decent. Showing decent growth in the Canadian operations. Would have liked to have seen a bigger improvement in their US operations.

2008-08-21

PAST TOP PICK

33.620

(A Top Pick July 30/07. Up 4%.) Picked this as a defensive holding. Performed poorly until recently. Reported a great quarter. Their US asset growth is only 4% of the total.

2008-08-18

DON'T BUY

29.740

Brian Acker, CA

Has always been overvalued. Model price is $26.36, a -6% differential. There is a lot more value elsewhere.

2008-08-06

BUY on WEAKNESS

29.530

Peter Brieger

This is the kind of stock that you buy when things are going to be tough for a while. Would look to buying at $25 or $26.

2008-08-05

BUY

27.840

John O'Connell, CFA

Trying to expand in the US, which has been challenging. Has done a very good job in growing its business. Trading at reasonable valuations.

2008-07-31

SELL

27.590

Norman Levine

(Market Call Minute.) A lot of its traffic is drive through and this will be down. Also feels it is overpriced.

2008-07-21

PAST TOP PICK

28.040

Neil Wickham

(A Top Pick Mar 20/07. Down 18%.) Didn’t meet earning target in the 1st quarter. Also a couple of lawsuits by franchisees turned investors off as well as consumer weakness. Still good value in cash flow earnings and growth. Attractive Buying opportunity.

2008-07-14

PAST TOP PICK

28.710

(A Top Pick Aug 8/07. Down 18%.) Still likes.

2008-07-07

WAIT

30.760

Pat McKeough

Soaring food prices are pushing up their costs and it can't necessarily pass this on to its customers. Have to make it up on volume and this is not easy to do.

2008-06-20

BUY

32.050

Near a 52-week low. Able to pass through price increases. Good price level.

2008-06-13

PAST TOP PICK

32.670

(A Top Pick May 9/07. Down 5%.) Has been a good place to hide. Last quarter was a little weak in the US.

2008-05-26

DON'T BUY

33.690

Peter Brieger

Conceptually this might be a recession proof stock but the price/earnings ratio is much too high.

2008-05-01

Comment

34.620

The US market is much tougher than it is in Canada and their same store sales are much weaker. Very competitive business.

2008-04-29

BUY

34.340

Duncan Stewart

(Market Call Minute.) It should be relatively economically insensitive. A consumer staple.

2008-04-25

DON'T BUY

34.300

Gordon Higgins, CA, MBA

Growth rate is going to slow as there are only so many locations. A fantastic operation. Very profitable. Just increased coffee prices. Their bottom line will remain extremely solid but you are paying full price. A $35 stock price would be generous.

2008-04-17

PAST TOP PICK

34.710

(A Top Pick Apr 2/07. No change.) Even though they raised prices, people will still buy there. A good place to hide. Multiple is lower than it was.

2008-04-11

PAST TOP PICK

34.950

(A Top Pick Apr 23/07. Down 2% including dividends.) Rumour is that they are going to increase the cost of coffee. Clients will pay.

2008-04-09

PAST TOP PICK

34.280

(A Top Pick Mar 6/07. Up 0.1% including dividends.) One of the best brands in Canada and has executed extremely well. They have the power to pass on pricing increases. A good Buy.

2008-03-06

Comment

35.410

(Market Call Minute.) Not a bad price right now. Quality retailer. Recession resistant. Doesn't think they will make as much headway in the US as they want.

2008-02-19

Comment

34.500

Brendan Caldwell

Would characterize this as a good yield play although the dividend is very low. He could see it growing over time.

2008-02-01

DON'T BUY

34.360

Laura Wallace

Thinks it will probably do quite well in a slowdown. Their potential growth and their difficulty is in their US holdings. Expensive in the near term relative to the potential. Would consider in the high $20's or the low $30's.

2008-01-30

TOP PICK

34.750

In this market you need some sort of nice steady blue chips with the cheapest, finest coffee in the world that every Canadian can afford to buy. Very efficiently run. Still has a lot of space to grow in Canada. Good price.

2008-01-22

PAST TOP PICK

37.050

(A Top Pick Mar 6/07. Up 5.5%.) Has to be one of the best consumer staples.

2008-01-02

HOLD

36.640

(Market Call Minute.) Buy on a little further weakness. Sell at $40.

2007-12-31

BUY

36.950

Paul Gardner, CFA

Long line-ups in the morning are fully valued in the stock. Execution is twofold. 1) Solid menu, which it is and 2) execution in the US is required to give it great growth. Coffee sales in the US are less per store than in Canada. Doesn't think you'll go wrong by owning the stock.

2007-12-28

BUY on WEAKNESS

37.500

David Cockfield

Likes what they're doing in the US. Earnings continue to grow. Relatively low yield, so consider it as a more aggressive stock, but on a long-term basis it is certainly a Hold.

2007-12-21

HOLD

39.560

(Market Call Minute.) Has done well. More of a defensive security. Probably has a little bit further to go.

2007-12-11

TOP PICK

37.910

Has been strong even in this weak market. Has grown and shown good numbers. Good brand name.

2007-11-27

TOP PICK

37.910

Fred Ketchen

Interesting menu and they have the health thing going for them. The US holdings is very limited.

2007-11-27

PAST TOP PICK

37.980

(Top pick March 6, 2007, up 8.8%) Would continue to buy. Not overly expensive. Their expansion will continue. Inverse increase in raw material prices.

2007-11-19

TOP PICK

37.310

Bill Carrigan

This is a safety play. Consumer discretionary. One could argue that there was a large inverse head and shoulders from February to now.

2007-11-13

WEAK BUY

36.040

Veronika Hirsch

One of the few Canadian consumer stocks that she still likes. Management is strong enough to figure out what to do with their US assets. Their Canadian business is doing phenomenally well. Not a lot of growth, but a solid company. Expect there will be an increase in dividends.

2007-10-31

HOLD

35.700

Up 13% over the last year but no higher than in Jan. and Feb. Their products are tied to the price of wheat but Tims have pricing power. He has owned since the low 30's.

2007-10-29

VAGUE

36.050

Michael Sprung

Haven’t participated in this stock. There total capitalization is huge. They came out with good numbers today. Not as successful in the U.S. The stock is overvalued at this point.

2007-10-26

WEAK BUY

36.050

Brooke Thackray

Now’s a good time to get into the market. A good sector. Rescission proof. Positive revenue. Going to do well from here. Should do quite well. Would buy at this price.

2007-10-26

VAGUE

36.510

Norman Levine

They make themselves out to be a growth stock, are hoping to open more stores in the US. He likes the outlook. He's not looking at it right now though.

2007-10-23

TOP PICK

35.620

Bill Carrigan

Believes it is the place to be. It is a must own stock if you are nervous about the market.

2007-10-17

Comment

35.970