
TSE:KBL
This summary was created by AI, based on 8 opinions in the last 12 months.
K-Bro Linen Inc. (symbol: KBL-T) is recognized for its stability and defensive business model as a provider of laundry services primarily for hospitals and hotels. The company has seen growth driven by its recent acquisition of a UK firm, which is expected to generate synergies and additional revenue over time. Despite being a relatively small player in the market, it has a solid management team and long-term contracts that provide a reliable income stream. Experts appreciate its defensive position, especially in healthcare, where demand is anticipated to grow with demographic trends. The stock currently offers a dividend yield around 3.34% to 3.5%, making it an attractive option for investors looking for steady returns in an uncertain market environment.
(A top pick June 21/13. Up 7.61%.) Linen service company. They won a new 10 year contract in Saskatchewan. Nice and steady. Good income. Doesn’t expect more than 7% stock increase. Slow and steady. If the market and the economy are going to roll over, you are going to want to own it. 3.3% dividend yield.