2012-08-07 Comment David Baskin

Believes that cheque writing is the core of their business. Most people pay their personal bills through online banking.

Price:
$17.860
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2012-07-18 HOLD Don Lato Have diversified away from just purely cheque printing but it's still provides decent profits and earnings for them. Very solid company and sustainable yield. Price:
$18.100
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2012-07-17 TOP PICK Jeff Young Historically about 90% of revenues came from printing of cheques. This has dropped to 40% of their revenue. There has really been no superior payment option for small businesses. They are moving on towards all kinds of services to banks. Online mortgage applications for US banks. Student loan services, lien registrations and recovery in Canada. 7.1% yield. Price:
$17.670
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2012-06-18 TOP PICK Paul Harris, CFA Very good company. It is really kind of a technology servicing stock. Made a couple of good acquisitions in the US that are going to be very fruitful for them. They will be able to do some bolt-on acquisitions after a while. 7% yield. Trades at about 15X earnings. Good buy at this level. Price:
$16.400
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2012-06-18 BUY Jason Donville Feels the cheque business is a fairly stable one. A little more indebted than what they would like to be at this time. A lot of their underlying services business is tied to the real estate/ mortgage businesses both in Canada and US so there are some vulnerabilities. Some of their holdings have a good growth aspect to them. Yield of about 7.5%. Good price. Hasn't bought this one yet but has been sharpening his pencils. Price:
$16.400
Subject:
CANADIAN SMALL & FINANCIALS
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
 

NOT EVRYONE CAN BE RIGHT ALL THE Time=Builder