|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.
President & CEO, Lawrence Decter Investment Counsel