Daily Stock Opinions and Ratings

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Ben Cheng The Brick Ltd BRK-T WAIT Apr 27, 2009

Not had a good time of it in the last 6 months. People stopped buying furniture. Canada’s housing market is lagging the US. Thinks it will be weak for the next 12 months. Housing market will turn around before the 2011 conversion for taxation. Will be along road for furniture retailers to recover. Sell or wait 2 years.

Ben Cheng

Unknown

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$1.290

Stock price when the opinion was issued

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TOP PICK

Another turnaround story. Has a huge rack of retail branches.

TOP PICK

A turnaround story. They did a phenomenal job. Balance sheet in good shape now. Gaining back market share. But the stock is one of the cheapest retail stocks in Canada. They will try to buy back 25% of outstanding shares.

PAST TOP PICK

(A Top Pick July 27/10. Up 11.43%.) Reporting earnings Wednesday night and think good things will be there.

TOP PICK

(A Top Pick Oct 29/10. Up 14.17%.) Largest furniture retail chain in the country. This is a turnaround situation run by very competent people. Making money and has no debt problems.

TOP PICK

Have done a great job of turning the business around and regaining market share. This year will have record EBITDA in spite of retail conditions in Canada. Trades at a pretty big valuation discount to its peers. Generating a ton of free cash flow and buying back stocks.

TOP PICK

His favourite investments are broken stocks on the mend. Very cheap. Have cleaned up their balance sheet. Free cash flow is about $100 million a year right now with a market cap of 425 million giving you a stock for 4.25X cash flow.

PAST TOP PICK

(Top Pick June 10/11, Up 57.48%) Still cheap. Management team did a wonderful job turning it around. At some point it might issue a dividend again.

PAST TOP PICK

(Top Pick May 25/12, Up 3.85%) Lots of cash on balance sheet will start paying a dividend probably this year, he thinks. If you think it has topped out then cash out.

PAST TOP PICK

(A Top Pick Oct 31/11. Up 20.01%.) Has gone a bit quiet because of fears of housing and statements that consumers should slow down. RBC is forecasting growth of 17% starting next year. Probably a nice Buy at this price.

PAST TOP PICK

(A Top Pick May 25/12. Up 39.19%.) Acquired by Leon’s (LNF-T).

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Ben Cheng The Brick Ltd BRK-T WAIT Apr 27, 2009

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