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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Swami who wrote (55984)7/20/2002 5:36:37 PM
From: Swami  Read Replies (1) of 62347
 
Canada Bread Analysis valueinvestigator.com July 19, 2002
With the capital markets in turmoil, Canada Bread continues to offer a relatively safe haven for nervous investors. First quarter earnings of $0.30 per share were inline with expectations and significantly above the previous year's earnings of $0.19 per share. Revenue and earnings per share growth of 69% and 58% respectively could be attributed to the consolidation of Multi-Marques, internal sales growth and operational improvements. We look for another solid performance with the release of second quarter results sometime in late July.

In other news, on April 19, 2000 Roger Dickout was replaced as CEO by Richard Lan, previously the President of Maple Leaf Foods global Bakery Products Group and Chairman of Canada Bread. Mr. Dickout had successfully achieved his mandate of turning around the Company, completing the acquisition of Multi-Marques and positioning the Company for future growth. Mr. Lan, an American, will now shoulder the responsibility of expanding operations throughout North America and internationally. In fact, Mr. Lan has already publicly discussed the possibility of having Canada Bread purchase Maple Leaf Bakery in the United States and Maple Leaf Bakery, UK from Maple Leaf Foods
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