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

Relief Short Lived

[Kisu]

Nice blip on the US aquisition news gave some investors the opportunity to unload and perhaps reload.  Don't think Peter Hodsons Sell recommendation on BNN Market Call helped.  I wonder if he was even aware of the expansion in the US.  Liquor Stores should forget about expanding in Canada and focus solely on the US.  I suspect the stock will languish here now until they can show a stabilization in the Alberta market - this time next year??

[prayforbottom]

Rather funny that the part about LIQ was removed from the BNN video and 5i Research had nothing to do with its removal, but would not answer whether Peter had read the morning news report without a one year subscription to their research on the company...... BNS gave a 12 - month $10.50 We estimate $1/share accretion from the acquisition, however we have lowered our valuation multiple to 9