Martin Hubbes, CFA Danier Leather DL-T WEAK BUY Mar 06, 2002

This stock is cyclical with the weather. Has a good brand name.

Martin Hubbes, CFA

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$15.000

Stock price when the opinion was issued

household goods

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TOP PICK

Very inexpensive. Expanding well. A takeover candidate.

TOP PICK

A very good price. Well financed.

PAST TOP PICK

(Was a top pick on Jan 17 up 23%) Still likes.

DON'T BUY

Fairly well run smaller retail company. Has the leverage of costs being in US$and revenue in Cdn$. Has some margin issues. Would prefer larger retail, such as Canadian Tire, Rona or Forzani group.

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Martin Hubbes, CFA Danier Leather DL-T WEAK BUY Mar 06, 2002

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