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Value Based Canadian Stocks Listed on the "Pink Sheets"

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I started a search
for value based pink sheet listed Canadian stocks. Many attractive Canadian
stocks trade on the pink sheets. Hopefully I can find useful market inefficiencies
existing on the pink sheet for all countries, exchanges and market size.

A market maker must be willing to trade the stock to obtain a
pink sheet listing. Some companies want to be traded on the pink sheets to gain
exposure to U.S. investors. There are many benefits to the company. This dual
listing on the pinks allows US investors to purchase shares without going to the
Canadian exchanges. Many online brokers like Ameritrade don’t execute trades on
foreign exchanges. So using the pink sheets may allow some exposure to quality Canadian,
other countries or US based looking to avoid excessive regulation costs. Today
I want to get my feet wet by introducing some value using the balance sheet and
focusing on Canada. I believe there are so many more opportunities but this journey
will take more time and effort. As you know, just remember with all transaction
on the pink sheets you must use limit orders.

Once again I will have to update the post slowly. Additional
input for tomorrow and likely the day after. 
I wanted to get started today. Nothing too exciting at first glance but I
guess value looks boring. 3 stocks for tonight that will be updated tomorrow are IDGBF,DLTOF,ADFJF


IDGBF
: Indigo Books & Music Inc was founded in 1940 and is
headquartered in Toronto, Canada. Indigo is “an e-commerce retail destination
that sells books, gifts, toys, DVDs, and music. It also operates seasonal
kiosks and year-round stores in shopping malls, which sell calendars, games,
and gifts. As of March 31, 2012, the company operated 97 superstores under the
Chapters, Indigo, and the World?s Biggest Bookstore banners; and 143 small
format stores under the Coles, Indigo, Indigospirit, SmithBooks, The Book
Company, and Pistachio banners.”

Negative enterprise value and 3.96%
current dividend yield.
Market Cap:281.70M , Enterprise Value:
-51.72M   

Price/Sales: 0.29 Price/Book:0.73

Revenue: 920.82M , Revenue Per
Share:36.46

Qtrly Revenue Growth:-4.90%
,EBITDA:19.87M

Total Cash:320.72M

Total Cash Per Share (mrq):12.68

Book Value Per Share (mrq):14.55

Price on 05/06/13 = 11.14

52-Week Change:28.19%

52-Week High (May 6, 2013):11.14

52-Week Low (Aug 13, 2012):7.52

                      

ADFJFADF Group Inc is historically cheap
based on book value with aggressive share count reduction.

Price 05/06/13 = 1.25

Cash Per Share:  0.85

Book Value Per Share: 2.87 

P/B = .44, EV/Rev = .42

DLTOF: 

Danier Leather Inc: aggressive share
buybacks

All 3 will be updated tomorrow


Source: http://shadowstock.blogspot.com/2013/05/value-based-canadian-stocks-listed-on.html



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