Topic: Dividend Stocks

CANADA BREAD CO. LTD. $44 – Toronto symbol

CANADA BREAD CO. LTD. $44 (www.canadabread.ca) reported that its sales fell 0.3% in the three months ended June 30, 2012, to $404.9 million from $406.2 million a year earlier. That’s mainly because it closed an older bakery in Toronto as part of a restructuring plan. Earnings per share rose 12.4%, to $1.09 from $0.97. However, Maple Leaf Foods continues to hold 90.0% of Canada Bread’s shares. That hurts the stock’s liquidity. Hold.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.