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K-Bro Linen Inc T.KBL

Alternate Symbol(s):  KBRLF

K-Bro Linen Inc. is an owner and operator of laundry and linen processing facilities in Canada. The Company provides a comprehensive range of general linen and operating room linen processing, management and distribution services to healthcare institutions, hotels, and other commercial accounts. It operates about ten processing facilities and two distribution centers under two distinctive brands, including K-Bro Linen Systems Inc. and Buanderie HMR, in ten Canadian cities: Quebec City, Montreal, Toronto, Regina, Saskatoon, Prince Albert, Edmonton, Calgary, Vancouver and Victoria. Its Canadian division provides laundry and linen services to the healthcare and hospitality sectors through ten operating divisions. The Company’s UK division provides laundry and linen services primarily to the hospitality sector, with other sectors, including healthcare, manufacturing and pharmaceuticals, through five sites which are located in Cupar, Perth, Newcastle, Livingston and Coatbridge.


TSX:KBL - Post by User

Bullboard Posts
Comment by thegazelleon Mar 14, 2013 10:33am
179 Views
Post# 21129044

RE: RE: is there anybody out there?

RE: RE: is there anybody out there?

Yeah...I bought at 23.85 and also at 27.40.  Bought some more today even though it is at a higher price.  Despite all the ups and downs in the market, this has been a truly solid performer.  My average cost is now higher with today's purchase, but I really find that KBL is run well and is a Peter Lynch type of company - in a boring industry, offers a service that is needed, and has a decent economic moat.  Linen cleaning will never grow out of fashion or be unneeded.  And I like the management - I wrote them asking for some free gear and while they didn't have any, it was their CFO that wrote me back and told me that.  Most companies will just ignore my requests for free clothing and mugs and such.  He had the courtesy to write me back to tell me that they don't have any promotional items to give away. 

Let's all hope this keeps going up even more!

Bullboard Posts