LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:LIQ Wish List

[Goldbuggy1]

Goldbuggy1 wrote:
Some of the things I would like to see LIQ do in 20016. 1) Increase the Revolving Credit Line from $150M to $200M at favorable rates. 2) Buy back 10% of there shares. 3) Buy out the remaining 49% of the New Jersey Stores. 4) Open 8 new large format stores in the USA besides the ones they have and have planned. With 2 more in Connecticut, 2 more in Massachusetts, 2 more in Kentucky, and 2 more in Virgin Territory, like Pennsylvania. 5) Restrict opening new stores in Alberta and BC except under very favorable terms. Close unproductive smaller format stores. Continue to work on increased Sales and Gross Profit Margin. 6) Issue new Debentures up to $175M at or better than 5.85% and the last Debenture Interest Payment. Pay off all Revolving Credit Line Debt and for recent and future store openings, plus share buy backs. 7) Continue to pay Dividend at $1.08 per share.

There is one more thing I would like to see this company do which I think is important enough to mention now. I would like to see Upper Management owning more shares in this company. The Home is where the Heart is. I think that a good way to introduce this is by making Stock Options as part of there yearly salary and instead of all cash. If this stock does well, then they are handsomely rewarded. If the stock does terrible, they get nothing extra and like the rest of us Shareholders. It is disappointing to read that for the 9 months in 2015, the company has had to pay $1.5M on former members on the senior management teams, certain members of the regional operations team, and departing senior management from the company. This comes straight from profits and takes away about $0.05 per share. I think Stock Options to Senior Management is a better way for Shareholders to judge there performance.