Lakeport Brewing Income Fund

TFR.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about TFR.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 10, 2007
(A Top Pick Sept 21/06. Up 35.3%.) Was acquired.
(A Top Pick Sept 21/06. Up 35.3%.) Was acquired.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$28.000
Owned
No
COMMENT
COMMENT
March 9, 2007
They are in the value segment of the beer market. ($1 a beer!) Have recently had a $28 offer by Labatt’s Brewery, which is about a 35% increase to the trading price. If you own, he suggests you tender to the offer.
They are in the value segment of the beer market. ($1 a beer!) Have recently had a $28 offer by Labatt’s Brewery, which is about a 35% increase to the trading price. If you own, he suggests you tender to the offer.
Kevin Hall BComm, CFA
Managing Director, Guardian Capital
Price
$27.860
Owned
Unknown
SELL
SELL
February 8, 2007
Has had an offer to buy them out by Labatts. Would be tempted to take the profits.
Has had an offer to buy them out by Labatts. Would be tempted to take the profits.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$27.850
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 18, 2007
(A Top Pick Oct 27/06. Up 4.5%.) A relatively small business and has a tremendous ability to grow, generating increases in revenue and cash flow.
(A Top Pick Oct 27/06. Up 4.5%.) A relatively small business and has a tremendous ability to grow, generating increases in revenue and cash flow.
Robert Toole
Managing Director, Creststreet Asset Management
Price
$21.950
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 16, 2006
(A Top Pick Nov 29/05. Up 49%.) Reported amazing results. Earnings were up almost 100% year-over-year. Continues to gain market share.
(A Top Pick Nov 29/05. Up 49%.) Reported amazing results. Earnings were up almost 100% year-over-year. Continues to gain market share.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$18.090
Owned
Yes
BUY
BUY
November 6, 2006
Could do fairly well. They have done a great job. Doesn't know how much farther they have to go in increasing market share. May have been oversold.
Could do fairly well. They have done a great job. Doesn't know how much farther they have to go in increasing market share. May have been oversold.
Chyanne Fickes
Vice President of Investments, Stone Funds
Price
$18.800
Owned
Unknown
TOP PICK
TOP PICK
October 27, 2006
A well-run trust. Very innovative marketing strategy. A lot of distribution growth potential. Do a good job of controlling costs. Low payout ratio. Trades at about 9 EBITDA.
A well-run trust. Very innovative marketing strategy. A lot of distribution growth potential. Do a good job of controlling costs. Low payout ratio. Trades at about 9 EBITDA.
Robert Toole
Managing Director, Creststreet Asset Management
Price
$21.000
Owned
Yes
DON'T BUY
DON'T BUY
October 18, 2006
7.6% yield. The problem with the smaller breweries is the economies of scale and whether they are able to compete. To compete, they have to have very loyal customers. Not sure if in the long-term they have the scale to compete effectively.
7.6% yield. The problem with the smaller breweries is the economies of scale and whether they are able to compete. To compete, they have to have very loyal customers. Not sure if in the long-term they have the scale to compete effectively.
Michael Sprung
President, Sprung Investment Management
Price
$20.300
Owned
No
TOP PICK
TOP PICK
September 21, 2006
Has been able to take market share with low-cost beer. Expect they will go on in a great wave. 7.8% yield.
Has been able to take market share with low-cost beer. Expect they will go on in a great wave. 7.8% yield.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$20.700
Owned
No
DON'T BUY
DON'T BUY
September 19, 2006
Will be paying a special dividend. Brewing is a tough business. They have done very well but not sure this is the type of firm he would be looking for in a trust for long-term earnings stability.
Will be paying a special dividend. Brewing is a tough business. They have done very well but not sure this is the type of firm he would be looking for in a trust for long-term earnings stability.
Michael Sprung
President, Sprung Investment Management
Price
$19.750
Owned
No
HOLD
HOLD
July 4, 2006
Did a tremendous job. Gaining market share and the whole value category is growing in terms of its part of the market.
Did a tremendous job. Gaining market share and the whole value category is growing in terms of its part of the market.
Chyanne Fickes
Vice President of Investments, Stone Funds
Price
$16.350
Owned
No
COMMENT
COMMENT
June 30, 2006
Low priced beer. Likes the management. If the big brewers become active, there is a competition risk and they would have to adjust accordingly. Sold his holdings when the valuation went up.
Low priced beer. Likes the management. If the big brewers become active, there is a competition risk and they would have to adjust accordingly. Sold his holdings when the valuation went up.
James Leung
Assistant Vice President of Investments, MacKenzie Financial
Price
$16.100
Owned
No
SELL
SELL
April 7, 2006
Brewer in the lower end pricing. They have performed exceptionally well. Very well managed business, but from where it is trading here he would be a seller. Competition is growing.
Brewer in the lower end pricing. They have performed exceptionally well. Very well managed business, but from where it is trading here he would be a seller. Competition is growing.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$14.400
Owned
No
BUY
BUY
March 16, 2006
He continues to own it . They are gaining market share, and in the beer business that's the name of the game.
He continues to own it . They are gaining market share, and in the beer business that's the name of the game.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$14.090
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 15, 2006
(A Top Pick Nov 29/05. Up 13.5%.) They have gained market share. Expect that distributions may be increased again. Trades around 10 X earnings.
(A Top Pick Nov 29/05. Up 13.5%.) They have gained market share. Expect that distributions may be increased again. Trades around 10 X earnings.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$13.800
Owned
Yes
TOP PICK
TOP PICK
November 29, 2005
Every year trusts do very well going into the RRSP season. Because of this, all 3 picks are income trusts. It has gained the most market share over the last few years and is now at 10%. Feels they will make $1.50 or more next year.
Every year trusts do very well going into the RRSP season. Because of this, all 3 picks are income trusts. It has gained the most market share over the last few years and is now at 10%. Feels they will make $1.50 or more next year.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$12.110
Owned
Yes
SELL
SELL
October 14, 2005
Have done phenominally well with their discount brands however they've been a victim of their own success by attracting some of the majors into their segment.
Have done phenominally well with their discount brands however they've been a victim of their own success by attracting some of the majors into their segment.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$11.870
Owned
No
BUY
BUY
October 7, 2005
A recent IPO that has done very well. Has raised its distribution. A leader in the value segment.
A recent IPO that has done very well. Has raised its distribution. A leader in the value segment.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$12.000
Owned
Yes
COMMENT
COMMENT
September 19, 2005
Has not been following. An interesting income fund because it has all the dynamics of a good fund. Stable cash flow going forward. Feels they can grow their business.
Has not been following. An interesting income fund because it has all the dynamics of a good fund. Stable cash flow going forward. Feels they can grow their business.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$11.870
Owned
Unknown
DON'T BUY
DON'T BUY
September 16, 2005
Don't particularily like the breweries business. There's no competitive advantage. Increased their distribution which she felt was quite aggressive given the short operating history that they've had.
Don't particularily like the breweries business. There's no competitive advantage. Increased their distribution which she felt was quite aggressive given the short operating history that they've had.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$11.550
Owned
No
TOP PICK
TOP PICK
August 29, 2005
Earnings are growing and expects they will substantially increase their distributions.
Earnings are growing and expects they will substantially increase their distributions.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$10.800
Owned
Yes
DON'T BUY
DON'T BUY
August 12, 2005
A brand new trust. On the IPO, the payout ratio was very tight which doesn't give enough flexibility in the initial payout ratio. This is the "buck a beer" concept bringing a low cost product into a very competitive market. Hope that they don't sting Molsons and Labatt's so bad that they come after them with a price war. Margins are skinny.
A brand new trust. On the IPO, the payout ratio was very tight which doesn't give enough flexibility in the initial payout ratio. This is the "buck a beer" concept bringing a low cost product into a very competitive market. Hope that they don't sting Molsons and Labatt's so bad that they come after them with a price war. Margins are skinny.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$10.590
Owned
No
BUY
BUY
July 29, 2005
Consumers are migrating to higher end beers or the lower end value of the market where this one is. Has about a 10% share of the Ontario beer market. Should see a couple of good quarters because of the hot summer.
Consumers are migrating to higher end beers or the lower end value of the market where this one is. Has about a 10% share of the Ontario beer market. Should see a couple of good quarters because of the hot summer.
Dean Orrico
President, Middlefield Capital Corp.
Price
$10.850
Owned
Yes
DON'T BUY
DON'T BUY
July 15, 2005
A small new issue that came to market in the last month or two. Basically they're focused on the value segment of the beer market (24 cans of beer for $24) and she is concerned on how sustainable their competitive position is.
A small new issue that came to market in the last month or two. Basically they're focused on the value segment of the beer market (24 cans of beer for $24) and she is concerned on how sustainable their competitive position is.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$10.800
Owned
No
DON'T BUY
DON'T BUY
June 22, 2005
A small specialty brewery. Risky. Starting to get competition on their specialty product. Could be vulnerable.
A small specialty brewery. Risky. Starting to get competition on their specialty product. Could be vulnerable.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$10.220
Owned
No
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