MegaBrands (MB.TO)
Financials 
Technical Analysis 0
BUY
Had a couple of hiccups with children swallowing little magnets. This has held the stock back. Feels they have a decent strategy. Made a couple of interesting acquisitions, putting them into different retail outlets. Expects the stock to be substantially higher in 3-5 years.
Veronika HirschOwned
misc consumer products
TOP PICK
Likes their US acquisition in June. It was a strategic acquisition as it deversifies them into arts and crafts. Should be some good synergies. Trading around 14 X next year's earnings.
Werner MuehelemannOwned
misc consumer products
TOP PICK
In the tpy industry which is quite mature and having difficulties in some parts. This company has been able to grow globally. Recently did a good acquisition of Rose Art, an arts and crafts company which will make them more diversified. Feels they can double their earnings over the next 2 years at $2.20 per share.
Werner MuehelemannOwned
misc consumer products
BUY
Likes it because it gives a great yield. With Allstream acquisition, it has a growth prospect in it now.
Norman LevineOwned
misc consumer products
TOP PICK
Valuation is about 13 X forward earnings. Lego has been putting road blocks up to prevent their entry into different countries. Mega Blocks just won their case in Germany which is a $250 million market.
Werner MuehelemannOwned
misc consumer products
TOP PICK
High margin business. Expanding internationally. Trades at a reasonable multiple of around 14 X next year's earnings. Expect that over the next 1/2 years they will start doing a few acquisitions which will give them diversification. Won the Lego lawsuit in Germany and expect they will start selling their product there.
Werner MuehelemannOwned
misc consumer products
BUY
Likes it as a long-term story. Good margins. There could be some growth/acquisition. Very strong management.
Werner MuehelemannOwned
misc consumer products
PAST TOP PICK
(A top pick Jul 24/03. Up 5%.) Still likes, but it's a retail stock and the market is not buying this at this time.
Ian AinsworthOwned
misc consumer products
HOLD
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