from Paul Gardner (Avenue Investment Management). GLTA

 

2012-11-27 BUY DH-T Davis + Henderson

70% of their business used to be bank cheques but it is now down to 40%. Now they are essentially the back office of a lot of financial companies in the US and Canada. This is an area with high margins and they are excellent at what they do. Yield of around 7%. Expect there is a possible chance of a dividend increase.


Price:
$21.400
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes