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Canadian Maple Leaf Financial Corporation(TSE-CNF)is a Graham and Dodd value stock.Acording to the TSE,quoted market value as of June 19,1998 was $7,290,394.The number of outstanding shares was 6,943,232.The company is buying back shares.The stock trades at $1.05/share.Book value is over $3.50/share($2.00 cash +real estate.Real estate is mainly in Calgary ,the most dynamic market in Canada.As a bonus,you get a free ,profitable and fast growing parking management business in Hong Kong and China(10,000 stalls in 50 car parks).The Asian crisis provides CNF with a great opportunity to grow because car parking assets are becoming available at much lower prices.The current economic downturn has not negatively affected their existing parking business.People always have to park their car.
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