Fred Pynn
Alliance Atlantis Communications Inc. (B)
AAC.B-T
TOP PICK
Nov 30, 2005
An evolving story. Company was going off in different directions. Management stripped off all the non-core activities and cut back to 3 main assets, specialty broadcasting, a 50% ownership in a film distribution company and they own 50% CSI investigation franchise which is the #1 watched show in the US. Low risk.
(A Top Pick Feb 27/06. Up 26.5%.) Still likes. Could be an acquisition in the mix. Generating a fair amount of cash, buying back stock and reducing debt.
(A Top Pick Dec 1/06. Up 21%.) Takeover by CanWest (CGS-T). The review will take a little while and could run into the fall. He sold his holdings sometime back.