Colin Stewart
Glacier Ventures International Corp.
GVC-T
PAST TOP PICK
Jun 25, 2008
(A Top Pick Feb 27/08. Down 3.8%. BNN misquoted as a 30% gain.) Recently suffered from the malaise in the newspaper industry. The unique thing about this one is that it is mostly exposed to Western Canadian publications and to local community advertising. Generates a significant amount of new cash flow.
One of the leading western Canadian media companies. Have about 50% of their revenues in newspapers in western Canada, which tends to be local community daily papers, so no competition with the big national advertisers. Also have an information services business of trade publications, training courses, manuals, etc.
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