Stockchase Opinions

Chris Rankin, MBA, CFA Big Rock Brewery BR-T TRADE Oct 19, 2007

Very stable demand, no debt, feels it is high. Constrained by production capacity.
$18.100

Stock price when the opinion was issued

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DON'T BUY
Great company and good product. Too small for their funds. Not a fan of breweries.
BUY
A very illiquid trust. Mostly western Canadian brands, so in Ontario he doesn't have a feel as to how they are doing. Has done very well. Low payout ratio. If you are only buying a few shares, you should do fine with it.
COMMENT
Near its 52-week low. Brewery business can be choppy at the best of times. A very, very small cap brewery. Paying $1.32 and recently announced good 3rd quarter results.
COMMENT
Brewery. Tough for them to compete. Have a strong following in Alberta but his concern would be if their product has a strong enough niche to compete with the big companies.