2013-01-02
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| BUY on WEAKNESS | $21.900 | CAUTIOUS | CANADIAN LARGE | Yes |
Originally it was simply a cheque writing company but has gone into the transactions business, outsourcing the backend of banks and doing data processing. Has done extremely well. Cheque writing is still about 40% of their business. Try to get it below $21. Expect they will increase their distribution at some point.
Michael Decter
President & CEO,
Lawrence Decter Investment Counsel