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

RE:RE:RE:Looking at the 5-year chart for LIQ....

[jimmytps]

The chart is sick due to trying to keep paying out the same dividend that they did as an income trust after the goverment changed the rules, then finally reducing the dividend to an amount that was sustainable. Lets not forget the downturn in oil, which is another good reason to look to the states for expansion. Too concentrated in Alberta. Aparently PointNorth thinks you can grow in Canada when Alberta is already saturated with liquor stores and has Ace and Solo liquor giving it away just trying to survive (Solo just received a 15 million financing at 12% interest from a high risk lender and they run a way lower margin), I am disappointed we (TLIQ) did not get more liquor stores in saskatchewan, but grocery is going hard there with incentive that liquor adds value to their business (not a return on liquor alone). BC is a sh*t show with a mix of private and goverment run stores and what looks like a newly elected NDP goverment if they join with the greens. The only opportunity in Canada is the possible addition of Mariijuana, but that is highly speculative and Liq does have a team looking at this possible opportunity. Maybe Manitoba privitizes this year but so far they have just opened up goverment stores in select grocery stores. Looks like those Grocery stores just about have it on there shelfs leaving less oportunity for us there IF they privitise in a simiar maner to Alberta. Good luck on any other opportunities in Canada in the short term. Liquor sales always have a different risk factored into the shares due to the Goverments ability to change policy any time they like. As I said before I do believe Mgmt needs to cut costs, they are spending double what they need to on H/O. A chart is not the only tool for evaluating a company. I spoke with NorthPoint and they could not answer my questions, and am still waiting for a call back from someone more experienced to answer my questions. So far it appears PointNorth is the wrong group to do this, they are sloppy and have not done the work required to evaluate the market. Besides I bet they are not like most of us. I've been a shareholder of Liquor Stores since 2006, I bet they bought in at $6.50- $9 and are just trying to push it a little higher. Maybe even under the impression that Liquor stores are going to get to distribute Marijuana which is the talk in the Toronto market (Goverment run).