UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Next Thread
Author: Steve819 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 29  
Subject: Canadien Eateries Date: 10/31/2006 3:30 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
I am sure that everyone is familar with my deep and eternal love for Tim Hortons. If not, I've linked the two articles below.

This has got to be one of the best run companies in Canada, bar none.

http://www.fool.com/News/mft/2006/mft06102723.htm?ref=foolwatch

http://www.fool.com/news/commentary/2006/commentary06052619.htm

Anyhow, my question is - does anyone know if Harvey's ( http://www.harveys.ca/ ) is ever planning on going public? This was one of my favorite burger joints in Canada, and like In-N-Out here in Cali, is private. I think it is a crying shame. I'll be darned if I still can't smell that greasy bag of burgers and fries years later. Swiss Chalet would be a third restaurant chain, also privately owned.

Given Canada's outstanding culinary delights, surely there must be other companies that are traded that we can chomp down on? Is anyone aware of any? My portfolio is HUNGRY.

Steve
Print the post Back To Top
Author: WetCoast Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 7 of 29
Subject: Re: Canadien Eateries Date: 11/1/2006 3:33 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
A&W Food Services of Canada Inc.

You can get the quote here - http://finance.yahoo.com/q?s=AW-UN.TO
and see the company website here - http://www.aw.ca/

Depending on where you live in the US, you may be familiar with the company name, but the Canadian one is a separate entity from its American brethren, which is owned by YUM.

One risk is that it's an income trust (what isn't in Canada these days). As of a few hours ago, the Canadian government announced a new tax on income trusts (http://www.cbc.ca/money/story/2006/10/31/flaherty.html). I don't know what sort of impact this will have on US trust holders though.

And yes, they serve tasty, greasy food ;-)

Matthew

Print the post Back To Top
Author: WetCoast Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 8 of 29
Subject: Re: Canadien Eateries Date: 11/1/2006 3:37 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Forgot to mention one other (yes, another income trust).

The Keg, a popular steakhouse chain.
Quote: http://finance.yahoo.com/q?s=KEG-UN.TO
Website: http://www.kegsteakhouse.com/

Seems like all we eat up here is beef and Timbits, doesn't it?

Matthew

Print the post Back To Top
Author: Steve819 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9 of 29
Subject: Re: Canadien Eateries Date: 11/1/2006 9:42 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Matthew,

Thanks for the information - it is much appreciated. I will have to go and research these ones.

Seems like all we eat up here is beef and Timbits, doesn't it?


What, beef, Timbits, poutine and beaver tails aren't good enough? Heck, that is the four major food groups in my mind!

Sheesh. ;)

Steve

Print the post Back To Top
Author: Steve819 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 10 of 29
Subject: Re: Canadien Eateries Date: 11/1/2006 2:13 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I'll admit, I'm not that familar with income trusts and how they work.

As I understand it, today's annoucement means that all income trusts will be taxed as corporations, and the tax benenfits for using this type of corporate structure are eliminated. This is scaled in for current trusts, with full taxation occuring in a few years. This is obviously a huge negative for all income trusts, and they are down quite a bit across the board in response.

I've been looking, but I can't find out exactly what the impact will be on these trusts - ie. income tax rates are x%, and will move to x% in a few years. Does anyone know anything about that? It will be interesting to see what the trusts do in response - perhaps there is another loophole that will be exploited going forward. I saw something over on the Canada board on Fool.com about the U.S divvy rate moving from 15% to 41%.

Timmy's guided towards 34% tax rates going forward which is comparable with U.S corporations, so it seems like the Canadian govt is simply moving to close a loophole and move their tax revenues to more in-line with U.S tax rates. That seems to make sense, even if it makes a lot of Canadians mad.

Anyone see any great bargains? This would make a great mid-issue update for the GG brain trust IMO. I'm leery of the oil and gas trusts because I think the oil/gas run-up is largely done, but I am looking closely now at the two Matthew mentioned, as well as Sleep County.

Insight appreciated. This could be a time when fortunes are made...






Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post Back To Top
Author: Steve819 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11 of 29
Subject: Re: Canadien Eateries Date: 11/1/2006 2:24 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I see that Nate is prepping a email update over at the PDS board...

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Next Thread
Advertisement