2012-12-27
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| TOP PICK | $21.300 | OPTIMISTIC | GLOBAL | Yes |
Their business is cheques but they’ve also done some add-on acquisitions that allow them to be in the mortgage business. Moving into the US. Really great organic growth opportunities in the US. Trades at a reasonable multiple and pays a great dividend. Great balance sheet. Will continue to do well.
Paul Harris, CFA
Portfolio Manager and Partner,
Avenue Investment Management