This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q1 2025	<-estimates
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			1/31/25
Transcontinental Inc				TSX:	TCL.A	OTC:	TCLAF	https://tctranscontinental.com/en-ca				Fiscal Yr:	Oct 31
Year	10/31/12	10/31/13	10/31/14	10/31/15	10/31/16	10/31/17	10/31/18	10/31/19	10/31/20	10/31/21	10/31/22	10/31/23	10/31/24	10/31/25	10/31/26	10/31/27		Value	Description	#Y	Item	Total G
Statement Dates							10/28/18	10/27/19	10/25/20	10/31/21	10/30/22	10/29/23	10/27/24
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					See Press release
Split																					For MDA, Statements
														$2,796	<-12 mths	-0.61%
Revenue*	$2,112.1	$2,110.1	$2,069.4	$2,002.2	$2,019.5	$2,007.2	$2,623.5	$3,038.8	$2,574.9	$2,643.4	$2,956.1	$2,940.6	$2,812.9	$2,746	$2,748	$2,660		35.93%	<-Total Growth	10	Revenue
Increase	3.35%	-0.09%	-1.93%	-3.25%	0.86%	-0.61%	30.70%	15.83%	-15.27%	2.66%	11.83%	-0.52%	-4.34%	-2.38%	0.07%	-3.20%		3.12%	<-IRR #YR->	10	Revenue	35.93%
5 year Running Average	$2,194.2	$2,130.4	$2,085.4	$2,067.5	$2,062.7	$2,041.7	$2,144.4	$2,338.2	$2,452.8	$2,577.6	$2,767.3	$2,830.8	$2,785.6	$2,819.8	$2,840.7	$2,781.5		-1.53%	<-IRR #YR->	5	Revenue	-7.43%
Revenue per Share	$26.71	$27.05	$26.52	$25.61	$26.24	$25.88	$30.04	$34.79	$29.59	$30.38	$34.13	$33.95	$33.27	$32.48	$32.50	$31.46		2.94%	<-IRR #YR->	10	5 yr Running Average	33.58%
Increase	5.92%	1.24%	-1.93%	-3.43%	2.45%	-1.37%	16.06%	15.83%	-14.96%	2.66%	12.35%	-0.52%	-2.00%	-2.38%	0.07%	-3.20%		3.56%	<-IRR #YR->	5	5 yr Running Average	19.13%
5 year Running Average	$27.26	$26.65	$26.28	$26.22	$26.43	$26.26	$26.86	$28.51	$29.31	$30.14	$31.78	$32.57	$32.26	$32.84	$33.26	$32.73		2.29%	<-IRR #YR->	10	Revenue per Share	25.42%
P/S (Price/Sales) Med	0.40	0.48	0.57	0.68	0.72	0.89	0.73	0.51	0.41	0.68	0.53	0.40	0.42	0.55	0.00	0.00		-0.89%	<-IRR #YR->	5	Revenue per Share	-4.39%
P/S (Price/Sales) Close	0.39	0.62	0.57	0.79	0.68	1.11	0.72	0.43	0.53	0.65	0.46	0.30	0.52	0.57	0.57	0.59		2.07%	<-IRR #YR->	10	5 yr Running Average	22.76%
*Revenue in M CDN $					P/S Med	20 yr	0.54	15 yr	0.53	10 yr	0.61	5 yr	0.42		-5.83%	Diff M/C		2.50%	<-IRR #YR->	5	5 yr Running Average	13.14%
			-$2,069.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$2,812.9
								-$3,038.8	$0.0	$0.0	$0.0	$0.0	$2,812.9
			-$2,085.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$2,785.6
								-$2,338.2	$0.0	$0.0	$0.0	$0.0	$2,785.6
			-$26.52	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$33.27
								-$34.79	$0.00	$0.00	$0.00	$0.00	$33.27
			-$26.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$32.26
								-$28.51	$0.00	$0.00	$0.00	$0.00	$32.26
														$2.29	<-12 mths	-2.14%
Adjusted Net Earnings	$149.4	$148.3	$168.2	$187.7	$196.3	$213.7	$239.4	$220.2	$227.0	$206.4	$189.7	$176.0	$201.0					19.50%	<-Total Growth	10	Adjusted Net Earnings	Adjusted net earnings
Return on Equity ROE	18.60%	20.65%	21.23%	18.47%	18.37%	17.54%	19.64%	13.05%	13.10%	11.73%	10.11%	9.26%	10.53%					13.07%	<-Median->	10	Return on Equity ROE
5Yr Median		13.78%	18.60%	18.60%	18.60%	18.47%	18.47%	18.37%	17.54%	13.10%	13.05%	11.73%	10.53%					17.95%	<-Median->	10	5Yr Median
pre-split 03
Adjusted Basic EPS	$1.85	$2.02	$2.16	$2.39	$2.53	$2.61	$2.91	$2.52	$2.61	$2.37	$2.19	$2.03	$2.34					8.51%	<-Total Growth	10	AEPS
Adjusted EPS	$1.85	$2.02	$2.16	$2.39	$2.53	$2.61	$2.91	$2.52	$2.61	$2.37	$2.19	$2.03	$2.34	$2.42	$2.62	$2.46		8.33%	<-Total Growth	10	AEPS
Increase	-7.50%	9.19%	6.93%	10.65%	5.86%	3.16%	11.49%	-13.40%	3.57%	-9.20%	-7.59%	-7.31%	15.27%	3.42%	8.26%	-6.11%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$1.83	$1.89	$2.00	$2.08	$2.19	$2.34	$2.52	$2.59	$2.64	$2.60	$2.52	$2.34	$2.31	$2.27	$2.32	$2.37		0.80%	<-IRR #YR->	10	Earnings per Share	8.33%
AEPS Yield	18.0%	12.1%	14.2%	11.9%	14.1%	9.1%	13.4%	16.8%	16.5%	12.1%	14.1%	19.9%	13.6%	13.1%	14.1%	13.3%		-1.47%	<-IRR #YR->	5	Earnings per Share	-7.14%
Payout Ratio Adj. EPS	30.81%	28.71%	28.94%	28.03%	28.66%	30.08%	28.52%	34.52%	34.29%	37.97%	41.10%	44.33%	38.46%	37.19%	34.35%	36.59%		1.45%	<-IRR #YR->	10	5 yr Running Average	15.52%
5 year Running Average	22.21%	24.35%	26.16%	28.20%	29.03%	28.88%	28.84%	29.96%	31.21%	33.08%	35.28%	38.44%	39.23%	39.81%	39.09%	38.18%		-2.29%	<-IRR #YR->	5	5 yr Running Average	-10.96%
Price/AEPS Median	5.72	6.42	7.06	7.34	7.46	8.82	7.51	7.11	4.60	8.76	8.25	6.70	6.03	7.32	0.00	0.00		7.40	<-Median->	10	Price/AEPS Median
Price/AEPS High	7.10	8.24	7.89	8.61	8.55	10.97	8.09	8.91	5.52	10.94	9.76	8.37	7.68	7.69	0.00	0.00		8.58	<-Median->	10	Price/AEPS High
Price/AEPS Low	4.34	4.60	6.22	6.07	6.36	6.66	6.93	5.30	3.68	6.57	6.74	5.03	4.38	6.94	0.00	0.00		6.22	<-Median->	10	Price/AEPS Low
Price/AEPS Close	5.57	8.24	7.04	8.43	7.09	10.97	7.45	5.97	6.05	8.27	7.10	5.03	7.35	7.66	7.08	7.54		7.23	<-Median->	10	Price/AEPS Close
Trailing P/AEPSClose	5.15	9.00	7.52	9.33	7.51	11.32	8.30	5.17	6.26	7.51	6.56	4.66	8.47	7.92	7.66	7.08		7.51	<-Median->	10	Trailing P/AEPSClose
Median Values		DPR	10 Yrs	34.41%	5 Yrs	38.46%	P/CF	5 Yrs	in order	6.70	8.37	5.03	7.10		14.31%	Diff M/C
* Adjusted Net Earnings
			-$2.16	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.34
								-$2.52	$0.00	$0.00	$0.00	$0.00	$2.34
			-$2.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.31
								-$2.59	$0.00	$0.00	$0.00	$0.00	$2.31
														$1.38	<-12 mths	-2.13%
EPS Basic	-$2.27	-$0.19	$1.35	$3.36	$1.89	$2.74	$2.50	$1.90	$1.51	$1.50	$1.63	$0.99	$1.41					4.44%	<-Total Growth	10	EPS Basic
pre-split 03
EPS Diluted*	-$2.27	-$0.19	$1.34	$3.35	$1.88	$2.73	$2.50	$1.90	$1.51	$1.50	$1.63	$0.99	$1.41	$1.76	$1.75			5.22%	<-Total Growth	10	EPS Diluted
Increase	-336%	91.63%	805.26%	150.00%	-43.88%	45.21%	-8.42%	-24.00%	-20.53%	-0.66%	8.67%	-39.26%	42.42%	24.75%	3.86%			10	0	10	Years of Data, EPS P or N	100.00%
Earnings Yield	-22.0%	-1.1%	8.8%	16.6%	10.5%	9.5%	11.5%	12.6%	9.6%	7.7%	10.5%	9.7%	8.2%	9.5%	15.6%			0.51%	<-IRR #YR->	10	Earnings per Share	5.22%
5 year Running Average	-$0.04	-$0.09	$0.38	$0.64	$0.82	$1.82	$2.36	$2.47	$2.10	$2.03	$1.81	$1.51	$1.41	$1.46	$1.67			-5.79%	<-IRR #YR->	5	Earnings per Share	-25.79%
10 year Running Average	$0.74	$0.56	$0.55	$0.73	$0.76	$0.89	$1.13	$1.43	$1.37	$1.43	$1.82	$1.93	$1.94	$1.78	$1.89			13.99%	<-IRR #YR->	10	5 yr Running Average	270.53%
* ESP per share									E/P	10 Yrs	10.09%	5Yrs	9.57%					-10.65%	<-IRR #YR->	5	5 yr Running Average	-43.04%
			-$1.34	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.41
								-$1.90	$0.00	$0.00	$0.00	$0.00	$1.41
			-$0.38	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.41
								-$2.47	$0.00	$0.00	$0.00	$0.00	$1.41
Dividend*														$0.93	$0.99	$1.03			Estimates		Dividend*
Increase														0.00%	6.99%	3.80%			Estimates		Increase
Payout Ratio EPS														52.73%	56.74%	#DIV/0!			Estimates		Payout Ratio EPS
Special Dividends	$0.00	$1.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
pre-split 03
Dividend*	$0.57	$0.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$0.90	$0.90	$0.90	$0.90		44.00%	<-Total Growth	10	Dividends
Increase	16.33%	1.75%	7.76%	7.20%	8.21%	8.28%	5.73%	4.82%	2.87%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		22	1	31	Years of data, Count P, N	70.97%
Average Increases 5 Year Running	16.33%	14.14%	15.04%	14.61%	8.25%	6.64%	7.44%	6.85%	5.98%	4.45%	2.80%	1.65%	0.69%	0.11%	0.00%	0.00%		6.31%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$0.41	$0.66	$0.72	$0.79	$0.83	$0.88	$0.73	$0.78	$0.82	$0.86	$0.88	$0.89	$0.90	$0.90	$0.90	$0.90		24.34%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	5.39%	4.47%	4.10%	3.82%	3.84%	3.41%	3.80%	4.86%	7.45%	4.34%	4.98%	6.62%	6.38%	5.08%				4.60%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	4.34%	3.48%	3.67%	3.26%	3.35%	2.74%	3.52%	3.87%	6.21%	3.47%	4.21%	5.29%	5.01%	4.84%				3.70%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	7.11%	6.24%	4.65%	4.62%	4.50%	4.52%	4.12%	6.51%	9.31%	5.78%	6.10%	8.81%	8.78%	5.36%				5.94%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	5.53%	3.48%	4.11%	3.33%	4.04%	2.74%	3.83%	5.78%	5.67%	4.59%	5.79%	8.81%	5.23%	4.85%	4.85%	4.85%		4.91%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	-25.11%	-305%	46.64%	20.00%	38.56%	28.75%	33.20%	45.79%	59.27%	60.00%	55.21%	90.91%	63.83%	51.17%	51.46%	#DIV/0!		50.50%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	-1074%	-720%	190.26%	123.35%	101.46%	48.13%	30.81%	31.39%	39.02%	42.21%	48.62%	59.30%	63.85%	61.74%	53.96%	#DIV/0!		48.38%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	19.60%	10.87%	14.57%	18.15%	20.42%	18.78%	23.20%	17.61%	18.24%	24.84%	35.31%	16.51%	18.40%	16.47%	18.81%	22.17%		18.59%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	15.42%	21.99%	19.68%	19.65%	21.09%	20.83%	18.84%	19.46%	19.40%	20.16%	22.43%	20.79%	20.98%	20.47%	19.44%	18.25%		20.48%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	14.01%	13.29%	14.01%	13.83%	20.64%	21.58%	19.10%	16.15%	16.16%	17.16%	17.93%	19.00%	18.22%	16.47%	18.81%	22.17%		18.07%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	10.95%	17.14%	17.45%	18.20%	19.62%	21.06%	17.48%	17.86%	18.31%	17.72%	17.21%	17.22%	17.64%	17.71%	18.04%	18.76%		17.79%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	4.60%	4.91%	5 Yr Med	5 Yr Cl	6.38%	5.67%	5 Yr Med	Payout	60.00%	18.40%	17.93%					0.68%	<-IRR #YR->	5	Dividends	3.45%
* Dividends per share	10 Yr Med	and Cur.	5.59%	-1.18%	5 Yr Med	and Cur.	-23.89%	-14.41%	Last Div Inc --->		$0.220	$0.225	2.27%					3.71%	<-IRR #YR->	10	Dividends	14.65%
Dividends Growth 15																		2.06%	<-IRR #YR->	15	Dividends	181.25%
Dividends Growth 20																		8.69%	<-IRR #YR->	20	Dividends	429.41%
Dividends Growth 25																		10.17%	<-IRR #YR->	25	Dividends	1025.00%
Dividends Growth 30																		9.45%	<-IRR #YR->	30	Dividends	1400.00%
Dividends Growth 35																		8.59%	<-IRR #YR->	31	Dividends
Dividends Growth 5								-$0.87	$0.00	$0.00	$0.00	$0.00	$0.90								Dividends Growth 5
Dividends Growth 10			-$0.63	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90								Dividends Growth 15
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90								Dividends Growth 20
Dividends Growth 25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90								Dividends Growth 25
Dividends Growth 30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90								Dividends Growth 30
Dividends Growth 35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.90
Historical Dividends	Historical	High Div	8.28%	Low Div	0.67%	10 Yr High	9.26%	10 Yr Low	2.90%	Med Div	2.28%	Close Div	2.37%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-41.37%		624.53%	Exp.	-47.58%		67.39%	Cheap	112.91%	Cheap	104.42%								High/Ave/Median
Future Dividend Yield					Div Yd	5.02%	earning in	5	Years	at IRR of	0.68%	Div Inc.	3.45%								Future Dividend Yield
Future Dividend Yield					Div Yd	5.19%	earning in	10	Years	at IRR of	0.68%	Div Inc.	7.02%								Future Dividend Yield
Future Dividend Yield					Div Yd	5.37%	earning in	15	Years	at IRR of	0.68%	Div Inc.	10.71%								Future Dividend Yield
Future Dividend Paid					Div Paid	$0.93	earning in	5	Years	at IRR of	0.68%	Div Inc.	3.45%								Future Dividend Paid
Future Dividend Paid					Div Paid	$0.96	earning in	10	Years	at IRR of	0.68%	Div Inc.	7.02%								Future Dividend Paid
Future Dividend Paid					Div Paid	$1.00	earning in	15	Years	at IRR of	0.68%	Div Inc.	10.71%								Future Dividend Paid
Dividend Covering Cost					Total Div	$4.56	over	5	Years	at IRR of	0.68%	Div Cov.	24.60%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$8.35	over	10	Years	at IRR of	0.68%	Div Cov.	45.04%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$12.27	over	15	Years	at IRR of	0.68%	Div Cov.	66.17%								Dividend Covering Cost
I am earning GC					Div Gr	32.35%	1/27/15	# yrs ->	10	2015	$15.52	Cap Gain	19.46%								I am earning GC
I am earning Div					org yield	4.38%	10/31/25	TFSA	Div G Yrly	2.64%	Div start	$0.68	-4.38%	5.80%							I am earning Div
Yield if held 5 years	2.71%	3.69%	7.07%	4.94%	5.26%	7.42%	6.40%	5.71%	5.10%	4.77%	3.91%	4.12%	5.03%	7.49%	4.34%	4.98%		5.06%	<-Median->	10	Paid Median Price
Yield if held 10 years	3.57%	3.06%	2.50%	2.82%	3.74%	3.73%	5.28%	9.84%	6.60%	6.53%	8.51%	6.94%	5.91%	5.13%	4.77%	3.91%		6.22%	<-Median->	10	Paid Median Price
Yield if held 15 years	10.29%	8.15%	7.58%	7.39%	7.14%	4.91%	4.39%	3.47%	3.77%	4.64%	4.28%	5.73%	10.18%	6.64%	6.53%	8.51%		4.78%	<-Median->	10	Paid Median Price
Yield if held 20 years	16.46%	11.82%	13.60%	15.30%	13.64%	14.17%	11.67%	10.56%	9.87%	8.87%	5.63%	4.76%	3.59%	3.79%	4.64%	4.28%		10.22%	<-Median->	10	Paid Median Price
Yield if held 25 years		20.17%	21.55%	34.58%	34.73%	22.67%	16.91%	18.93%	20.43%	16.93%	16.25%	12.65%	10.92%	9.93%	8.87%	5.63%		17.93%	<-Median->	10	Paid Median Price
Yield if held 30 years							28.87%	30.00%	46.19%	43.11%	25.99%	18.34%	19.59%	20.55%	16.93%	16.25%		28.87%	<-Median->	7	Paid Median Price
Yield if held 35 years												31.30%	31.03%	46.45%	43.11%	25.99%		31.17%	<-Median->	2	Paid Median Price
Cost covered if held 5 years	9.70%	21.06%	40.89%	29.03%	30.27%	41.45%	28.02%	25.46%	23.40%	22.69%	19.10%	20.43%	25.10%	37.47%	21.69%	24.91%		25.28%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	19.30%	23.91%	19.88%	22.92%	30.49%	30.54%	44.18%	84.79%	59.31%	61.34%	82.99%	62.43%	54.95%	49.05%	46.54%	38.66%		57.13%	<-Median->	10	Paid Median Price
Cost covered if held 15 years	64.35%	71.19%	68.08%	68.17%	67.04%	46.73%	43.12%	35.38%	40.22%	52.55%	51.44%	72.58%	135.63%	92.51%	94.01%	125.52%		51.99%	<-Median->	10	Paid Median Price
Cost covered if held 20 years	111.91%	109.73%	129.49%	149.77%	135.94%	143.50%	122.28%	115.17%	113.46%	109.21%	74.23%	66.71%	53.32%	59.19%	75.75%	72.83%		114.31%	<-Median->	10	Paid Median Price
Cost covered if held 25 years		189.74%	209.66%	348.39%	358.08%	238.56%	183.80%	213.93%	243.49%	216.46%	222.83%	185.03%	169.72%	163.10%	153.55%	102.38%		219.65%	<-Median->	10	Paid Median Price
Cost covered if held 30 years							316.17%	343.45%	560.26%	563.11%	365.49%	274.78%	311.75%	346.23%	301.13%	304.06%		343.45%	<-Median->	7	Paid Median Price
Cost covered if held 35 years												471.48%	498.45%	792.52%	778.68%	495.45%		484.96%	<-Median->	2	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$3,038.8	$2,574.9	$2,643.4	$2,956.1	$2,940.6	$2,812.9	$2,795.7	<-12 mths	-0.61%		-7.43%	<-Total Growth	5	Revenue Growth	-7.43%
AEPS Growth								$2.52	$2.61	$2.37	$2.19	$2.03	$2.34	$2.29	<-12 mths	-2.14%		-7.14%	<-Total Growth	5	AEPS Growth	-7.14%
Net Income Growth								$166.1	$131.7	$130.6	$141.2	$85.8	$121.3	$128.4	<-12 mths	5.85%		-26.97%	<-Total Growth	5	Net Income Growth	-26.97%
Cash Flow Growth								$431.6	$427.0	$315.3	$220.8	$472.3	$413.7					-4.15%	<-Total Growth	5	Cash Flow Growth	-4.15%
Dividend Growth								$0.87	$0.90	$0.90	$0.90	$0.90	$0.90	$0.90	<-12 mths	0.00%		3.45%	<-Total Growth	5	Dividend Growth	3.45%
Stock Price Growth								$15.04	$15.78	$19.60	$15.55	$10.21	$17.20	$18.54	<-12 mths	7.79%		14.36%	<-Total Growth	5	Stock Price Growth	14.36%
Revenue Growth			$2,069.4	$2,002.2	$2,019.5	$2,007.2	$2,623.5	$3,038.8	$2,574.9	$2,643.4	$2,956.1	$2,940.6	$2,812.9	$2,746.0	<-this year	-2.38%		35.93%	<-Total Growth	10	Revenue Growth	35.93%
AEPS Growth			$2.16	$2.39	$2.53	$2.61	$2.91	$2.52	$2.61	$2.37	$2.19	$2.03	$2.34	$2.42	<-this year	3.42%		8.33%	<-Total Growth	10	AEPS Growth	8.33%
Net Income Growth			$105.1	$262.6	$146.3	$211.5	$213.4	$166.1	$131.7	$130.6	$141.2	$85.8	$121.3	$149.0	<-this year	22.84%		15.41%	<-Total Growth	10	Net Income Growth	15.41%
Cash Flow Growth			$334.8	$288.6	$273.3	$324.1	$312.5	$431.6	$427.0	$315.3	$220.8	$472.3	$413.7	$462.1	<-this year	11.70%		23.57%	<-Total Growth	10	Cash Flow Growth	23.57%
Dividend Growth			$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$0.90	$0.93	<-this year	3.06%		44.00%	<-Total Growth	10	Dividend Growth	44.00%
Stock Price Growth			$15.20	$20.15	$17.94	$28.64	$21.67	$15.04	$15.78	$19.60	$15.55	$10.21	$17.20	$18.54	<-this year	7.79%		13.16%	<-Total Growth	10	Stock Price Growth	13.16%
Dividends on Shares				$40.87	$44.23	$47.89	$50.63	$53.07	$54.60	$54.90	$54.90	$54.90	$54.90	$54.90	$54.90	$54.90		$510.88	No of Years	10	Total Divs	12/31/14
Paid			$1,010.16	$1,052.86	$1,353.59	$1,515.24	$1,177.30	$968.07	$1,251.11	$1,238.91	$932.08	$835.70	$1,132.77	$1,130.94	$1,130.94	$1,130.94		$1,132.77	No of Years	10	Worth	$16.56
																		$1,643.65			Total
Graham No. AEPS	$20.56	$20.45	$22.21	$26.44	$28.12	$30.38	$30.23	$33.09	$34.20	$32.83	$32.67	$31.66	$34.48	$35.06	$36.48	$35.35		55.23%	<-Total Growth	10	Graham Price AEPS
Price/GP Ratio Med	0.51	0.63	0.69	0.66	0.67	0.76	0.72	0.54	0.35	0.63	0.55	0.43	0.41	0.50	0.00			0.59	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.64	0.81	0.77	0.78	0.77	0.94	0.78	0.68	0.42	0.79	0.65	0.54	0.52	0.53	0.00			0.72	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.39	0.45	0.61	0.55	0.57	0.57	0.67	0.40	0.28	0.47	0.45	0.32	0.30	0.48	0.00			0.46	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.50	0.81	0.68	0.76	0.64	0.94	0.72	0.45	0.46	0.60	0.48	0.32	0.50	0.53	0.51	0.52		0.55	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-49.91%	-18.60%	-31.57%	-23.79%	-36.19%	-5.72%	-28.31%	-54.55%	-53.86%	-40.30%	-52.40%	-67.75%	-50.12%	-47.13%	-49.18%	-47.56%		-45.21%	<-Median->	10	Graham Price
Graham No. EPS	$14.81	$14.10	$17.50	$31.30	$24.24	$31.07	$28.02	$28.74	$26.01	$26.12	$28.18	$22.11	$26.76	$29.89	$29.81	$0.00		52.98%	<-Total Growth	10	Graham Price EPS
Price/GP Ratio Med	0.71	0.92	0.87	0.56	0.78	0.74	0.78	0.62	0.46	0.79	0.64	0.62	0.53	0.59	0.00			0.63	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.89	1.18	0.97	0.66	0.89	0.92	0.84	0.78	0.55	0.99	0.76	0.77	0.67	0.62	0.00			0.78	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.54	0.66	0.77	0.46	0.66	0.56	0.72	0.46	0.37	0.60	0.52	0.46	0.38	0.56	0.00			0.49	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.70	1.18	0.87	0.64	0.74	0.92	0.77	0.52	0.61	0.75	0.55	0.46	0.64	0.62	0.62	#DIV/0!		0.64	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-30.47%	18.08%	-13.12%	-35.63%	-25.98%	-7.82%	-22.65%	-47.66%	-39.34%	-24.96%	-44.83%	-53.82%	-35.74%	-37.98%	-37.80%	#DIV/0!		-35.68%	<-Median->	10	Graham Price
Month, Year	Dec-12	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27		31.00	<Count Years>		Month, Year
pre-split 03
Price Close	$11.15	$14.62	$16.56	$17.26	$22.19	$24.84	$19.30	$15.87	$20.51	$20.31	$15.28	$13.70	$18.57	$18.54	$18.54	$18.54		12.14%	<-Total Growth	10	Stock Price
Increase	-11.58%	31.12%	13.27%	4.23%	28.56%	11.94%	-22.30%	-17.77%	29.24%	-0.98%	-24.77%	-10.34%	35.55%	-0.16%	0.00%	0.00%		14.61	<-Median->	10	CAPE (10 Yr P/E)
P/E	-4.91	-76.95	12.36	5.15	11.80	9.10	7.72	8.35	13.58	13.54	9.37	13.84	13.17	10.54	10.60	#DIV/0!		3.19%	<-IRR #YR->	5	Stock Price	17.01%
Trailing P/E	11.61	-6.44	-87.16	12.88	6.62	13.21	7.07	6.35	10.79	13.45	10.19	8.40	18.76	13.15	10.54	10.60		1.15%	<-IRR #YR->	10	Stock Price	12.14%
CAPE (10 Yr P/E)	15.13	26.20	30.22	23.71	29.16	27.85	17.02	11.13	14.96	14.25	8.42	7.09	9.57	10.41	9.83	#DIV/0!		8.53%	<-IRR #YR->	5	Price & Dividend	50.82%
Median 10, 5 Yrs		D.  per yr	4.76%	5.34%	% Tot Ret	80.50%	62.59%	T P/E	10.49	10.79	P/E:	10.59	13.54					5.91%	<-IRR #YR->	10	Price & Dividend	66.49%
Price  15		D.  per yr	5.14%		% Tot Ret	67.73%						CAPE Diff	-27.84%					2.45%	<-IRR #YR->	15	Stock Price	43.73%
Price  20		D.  per yr	3.04%		% Tot Ret	159.15%												-1.13%	<-IRR #YR->	20	Stock Price	-20.33%
Price  25		D.  per yr	3.50%		% Tot Ret	56.32%												2.72%	<-IRR #YR->	25	Stock Price	95.47%
Price  30		D.  per yr	3.86%		% Tot Ret	42.39%												5.25%	<-IRR #YR->	30	Stock Price	364.25%
Price  35		D.  per yr	3.37%		% Tot Ret	37.71%												5.57%	<-IRR #YR->	35	Stock Price
Price  40		D.  per yr	3.47%		% Tot Ret	36.10%												6.14%	<-IRR #YR->	36	Stock Price
Price & Dividend 15																		7.59%	<-IRR #YR->	15	Price & Dividend	139.01%
Price & Dividend 20																		1.91%	<-IRR #YR->	20	Price & Dividend	37.69%
Price & Dividend 25																		6.22%	<-IRR #YR->	25	Price & Dividend	243.53%
Price & Dividend 30																		9.11%	<-IRR #YR->	30	Price & Dividend	723.88%
Price & Dividend 35																		8.94%	<-IRR #YR->	35	Price & Dividend
Price & Dividend 40																		9.61%	<-IRR #YR->	36	Price & Dividend
Price  5								-$15.87	$0.00	$0.00	$0.00	$0.00	$18.57								Price  5
Price 10			-$16.56	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price 10
Price & Dividend 5								-$15.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 5
Price & Dividend 10			-$16.56	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 10
Price  15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price  15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.57								Price  40
Price & Dividend 15	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 15
Price & Dividend 20	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 20
Price & Dividend 25	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 25
Price & Dividend 30	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 30
Price & Dividend 35	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 35
Price & Dividend 40	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.47								Price & Dividend 40
Month, Year	Oct-12	Oct-13	Oct-14	Oct-15	Oct-16	Oct-17	Oct-18	Oct-19	Oct-20	Oct-21	Oct-22	Oct-23	Oct-24	Oct-25	Oct-26	Oct-27		124.84	<Count Years>		Month, Year
pre-split 03
Price Close	$10.30	$16.65	$15.20	$20.15	$17.94	$28.64	$21.67	$15.04	$15.78	$19.60	$15.55	$10.21	$17.20	$18.54	$18.54	$18.54		13.16%	<-Total Growth	10	Stock Price
Increase	-18.90%	61.65%	-8.71%	32.57%	-10.97%	59.64%	-24.34%	-30.60%	4.92%	24.21%	-20.66%	-34.34%	68.46%	7.79%	0.00%	0.00%		12.63	<-Median->	10	CAPE (10 Yr P/E)
P/E (Adjusted EPS)	-4.54	-87.63	11.34	6.01	9.54	10.49	8.67	7.92	10.45	13.07	9.54	10.31	12.20	10.54	10.60	#DIV/0!		2.72%	<-IRR #YR->	5	Stock Price	14.36%
Trailing P/E	10.73	-7.33	-80.00	15.04	5.36	15.23	7.94	6.02	8.31	12.98	10.37	6.26	17.37	13.15	10.54	10.60		1.24%	<-IRR #YR->	10	Stock Price	13.16%
CAPE (10 Yr P/E)	13.98	29.84	27.74	27.68	23.57	32.11	19.11	10.55	11.51	13.75	8.57	5.28	8.87	10.41	9.83	#DIV/0!		8.40%	<-IRR #YR->	5	Price & Dividend	50.03%
Median 10, 5 Yrs		D.  per yr	5.16%	5.68%	% Tot Ret	81%	67.63%	T P/E	9.34	10.37	P/E:	9.93	10.45					6.40%	<-IRR #YR->	10	Price & Dividend	72.37%
Price  15		D.  per yr	5.29%		% Tot Ret	73.68%						CAPE Diff	-16.56%					1.89%	<-IRR #YR->	15	Stock Price	32.41%
Price  20		D.  per yr	3.12%		% Tot Ret	214.29%												-1.66%	<-IRR #YR->	20	Stock Price	-28.51%
Price  25		D.  per yr	3.63%		% Tot Ret	60.38%												2.38%	<-IRR #YR->	25	Stock Price	80.10%
Price  30		D.  per yr	4.05%		% Tot Ret	44.31%												5.09%	<-IRR #YR->	30	Stock Price	343.87%
Price  35		D.  per yr	3.50%		% Tot Ret	39.58%												5.34%	<-IRR #YR->	35	Stock Price
Price  40																		5.91%	<-IRR #YR->	36	Stock Price
Price & Dividend 15																		7.18%	<-IRR #YR->	15	Price & Dividend	32.41%
Price & Dividend 20																		1.46%	<-IRR #YR->	20	Price & Dividend	-28.51%
Price & Dividend 25																		6.01%	<-IRR #YR->	25	Price & Dividend	80.10%
Price & Dividend 30																		9.15%	<-IRR #YR->	30	Price & Dividend	715.10%
Price & Dividend 35																		8.84%	<-IRR #YR->	35	Price & Dividend
Price & Dividend 40																		9.51%	<-IRR #YR->	36	Price & Dividend
Price  5								-$15.04	$0.00	$0.00	$0.00	$0.00	$17.20								Price  5
Price 10			-$15.20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price 10
Price & Dividend 5								-$15.04	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 5
Price & Dividend 10			-$15.20	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 10
Price  15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price  15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.20								Price  40
Price & Dividend 15	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 15
Price & Dividend 20	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 20
Price & Dividend 25	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 25
Price & Dividend 30	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 30
Price & Dividend 35	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 35
Price & Dividend 40	$0.57	$1.58	$0.63	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$18.10								Price & Dividend 40
Price H/L Median	$10.58	$12.98	$15.24	$17.55	$18.87	$23.01	$21.86	$17.91	$12.01	$20.75	$18.07	$13.61	$14.11	$17.71				-7.41%	<-Total Growth	10	Stock Price
Increase	-23.19%	22.64%	17.46%	15.12%	7.52%	21.97%	-5.02%	-18.05%	-32.94%	72.77%	-12.94%	-24.69%	3.71%	25.48%				-0.77%	<-IRR #YR->	10	Stock Price	-7.41%
P/E	-4.66	-68.29	11.37	5.24	10.03	8.43	8.74	9.43	7.95	13.83	11.08	13.74	10.01	10.07				-4.66%	<-IRR #YR->	5	Stock Price	-21.22%
Trailing P/E	11.02	-5.72	-80.21	13.09	5.63	12.24	8.01	7.16	6.32	13.74	12.04	8.35	14.25	12.56				4.84%	<-IRR #YR->	10	Price & Dividend	51.64%
P/E on Run. 5 yr Ave	-278.42	-141.03	40.11	27.50	22.95	12.63	9.26	7.25	5.71	10.23	9.99	9.03	10.02	12.15				0.85%	<-IRR #YR->	5	Price & Dividend	8.74%
P/E on Run. 10 yr Ave	14.36	23.25	27.81	24.10	24.79	25.80	19.27	12.56	8.76	14.56	9.95	7.04	7.27	9.94				12.74	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	5.60%	5.50%	% Tot Ret	115.87%	649.69%	T P/E	10.19	12.04	P/E:	9.72	11.08						Count	36	Years of data
			-$15.24	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$14.11
								-$17.91	$0.00	$0.00	$0.00	$0.00	$14.11
			-$15.24	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$15.01
								-$17.91	$0.90	$0.90	$0.90	$0.90	$15.01
High Months	Mar 12	Oct 13	Nov 13	Oct 15	Nov 15	Oct 17	Jun 18	Nov 18	Feb 20	Aug 21	Feb 22	Dec 22	Sep 24	Jan 25
pre-split 03
Price High	$13.14	$16.65	$17.04	$20.58	$21.63	$28.64	$23.55	$22.46	$14.41	$25.92	$21.38	$17.00	$17.97	$18.61				5.46%	<-Total Growth	10	Stock Price
Increase	-23.38%	26.71%	2.34%	20.77%	5.10%	32.41%	-17.77%	-4.63%	-35.84%	79.88%	-17.52%	-20.49%	5.71%	3.56%				0.53%	<-IRR #YR->	10	Stock Price	5.46%
P/E	-5.79	-87.63	12.72	6.14	11.51	10.49	9.42	11.82	9.54	17.28	13.12	17.17	12.74	10.58				-4.36%	<-IRR #YR->	5	Stock Price	-19.99%
Trailing P/E	13.69	-7.33	-89.68	15.36	6.46	15.23	8.63	8.98	7.58	17.17	14.25	10.43	18.15	13.20				14.74	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	12.34	14.25	P/E:	11.66	13.12					20.75	P/E Ratio		Historical High
			-$17.04	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.97
								-$22.46	$0.00	$0.00	$0.00	$0.00	$17.97
Low Months	Sep 12	Nov 12	Oct 14	Dec 14	Jan 16	Nov 16	Oct 18	Jul 19	Mar 20	Nov 21	May 22	Oct 23	Nov 23	Nov 24
pre-split 03
Price Low	$8.02	$9.30	$13.44	$14.51	$16.10	$17.38	$20.16	$13.36	$9.61	$15.58	$14.75	$10.21	$10.25	$16.80				-23.74%	<-Total Growth	10	Stock Price
Increase	-22.88%	15.96%	44.52%	7.96%	10.96%	7.95%	16.00%	-33.73%	-28.07%	62.12%	-5.33%	-30.78%	0.39%	63.90%				-2.67%	<-IRR #YR->	10	Stock Price	-23.74%
P/E	-3.53	-48.95	10.03	4.33	8.56	6.37	8.06	7.03	6.36	10.39	9.05	10.31	7.27	9.55				-5.16%	<-IRR #YR->	5	Stock Price	-23.28%
Trailing P/E	8.35	-4.10	-70.74	10.83	4.81	9.24	7.38	5.34	5.06	10.32	9.83	6.26	10.35	11.91				10.21	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	8.31	9.83	P/E:	7.67	9.05					6.77	P/E Ratio		Historical Low
			-$13.44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.25
								-$13.36	$0.00	$0.00	$0.00	$0.00	$10.25
Differece between Class A, B	-4.46%	0.36%	0.33%	0.64%	-0.11%	-1.20%	-4.48%	2.02%	0.69%	-0.72%	4.19%	4.40%	6.98%	-1.59%	-1.59%	-1.59%		0.67%	<-Median->	10	Differece between Class A, B
Month, Year Class B	Oct-12	Oct-13	Oct-14	Oct-15	Oct-16	Oct-17	Oct-18	Oct-19	Oct-20	Oct-21	Oct-22	Oct-23	Oct-24	Oct-25	Oct-26	Oct-27
pre-split 03
Price Close	$9.86	$16.71	$15.25	$20.28	$17.92	$28.30	$20.74	$15.35	$15.89	$19.46	$16.23	$10.68	$18.49	$18.25	$18.25	$18.25		21.25%	<-Total Growth	10	Stock Price
Increase	-23.86%	69.47%	-8.74%	32.98%	-11.64%	57.92%	-26.71%	-25.99%	3.52%	22.47%	-16.60%	-34.20%	73.13%	-1.30%	0.00%	0.00%		1.95%	<-IRR #YR->	10	Stock Price	21.25%
P/E	-4.34	-87.95	11.38	6.05	9.53	10.37	8.30	8.08	10.52	12.97	9.96	10.79	13.11	10.38	10.43	#DIV/0!		3.79%	<-IRR #YR->	5	Stock Price	20.46%
Trailing P/E	10.27	-7.36	-80.26	15.13	5.35	15.05	7.60	6.14	8.36	12.89	10.82	6.55	18.68	12.94	10.38	10.43		6.94%	<-IRR #YR->	10	Price & Dividend	80.26%
Median 10, 5 Yrs		D.  per yr	5.00%	5.46%	% Tot Ret	72%	59.03%	T P/E	9.59	10.82	P/E:	10.16	10.79					9.26%	<-IRR #YR->	5	Price & Dividend	55.41%
			-$15.25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.49
								-$15.35	$0.00	$0.00	$0.00	$0.00	$18.49
			-$15.25	$0.67	$0.73	$0.79	$0.83	$0.87	$0.90	$0.90	$0.90	$0.90	$19.39
								-$15.35	$0.90	$0.90	$0.90	$0.90	$19.39
Free Cash Flow Mkt Scr									$347.80	$200.30	$103.70	$327.00	$292.20	$253.10	$254.30	$222.00
Change										-42.41%	-48.23%	215.33%	-10.64%	-13.38%	0.47%	-12.70%
Free Cash Flow WSJ						$274.70	$221.50	$263.50	$305.20	$168.00	$69.00	$277.50	$255.40					15.30%	<-Total Growth	7	Free Cash Flow WSJ
Change							-19.37%	18.96%	15.83%	-44.95%	-58.93%	302.17%	-7.96%					-$0.08	<-Median->	7	Change
Free Cash Flow MS	$171	$342	$276	$202	$197	$275	$233	$306	$330	$177	$78	$295	$210	$253	$254	$222		-23.91%	<-Total Growth	10	Free Cash Flow MS	MS
Change	-37.59%	100.00%	-19.30%	-26.81%	-2.48%	39.59%	-15.27%	31.33%	7.84%	-46.36%	-55.93%	278.21%	-28.81%	20.52%	0.47%	-12.70%		-7.25%	<-IRR #YR->	5	Free Cash Flow MS	-31.37%
FCF/CF from Op Ratio	0.74	0.82	0.82	0.70	0.72	0.85	0.75	0.71	0.77	0.56	0.35	0.62	0.51	0.55	0.63	0.65		-2.70%	<-IRR #YR->	10	Free Cash Flow MS	-23.91%
Dividends paid	$46.0	$123.1	$48.8	$52.3	$56.2	$60.9	$68.6	$76.9	$77.9	$78.3	$78.1	$78.0	$78.0	$76.1	$76.1	$76.1		59.84%	<-Total Growth	10	Dividends paid	WSJ Disag
Percentage paid	26.90%	35.99%	17.68%	25.89%	28.53%	22.15%	29.44%	25.13%	23.61%	44.24%	100.13%	26.44%	37.14%	30.07%	29.93%	34.28%		$0.27	<-Median->	10	Percentage paid	not greatly
5 Year Coverage			26.55%	24.50%	27.47%	26.42%	24.24%	25.96%	25.39%	27.45%	33.79%	32.82%	35.81%	38.35%	35.43%	31.13%					5 Year Coevrage
Dividend Coverage Ratio	3.72	2.78	5.66	3.86	3.51	4.52	3.40	3.98	4.24	2.26	1.00	3.78	2.69	3.33	3.34	2.92		3.64	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage			3.77	4.08	3.64	3.79	4.12	3.85	3.94	3.64	2.96	3.05	2.79	2.61	2.82	3.21					5 Year of Coverage
								-$306	$0	$0	$0	$0	$210
			-$276	$0	$0	$0	$0	$0	$0	$0	$0	$0	$210
Market Cap	$814.3	$1,299.1	$1,185.9	$1,575.1	$1,380.7	$2,221.1	$1,892.7	$1,313.6	$1,373.3	$1,705.7	$1,347.0	$884.4	$1,454.4	$1,567.7	$1,567.7	$1,567.7		22.64%	<-Total Growth	10	Market Cap
Diluted # of Shares in Million	80.7	78.0	78.2	78.6	77.8	77.5	82.6	87.4	87.1	87.0	86.8	86.6	86.1	86.1				10.10%	<-Total Growth	10	Diluted
Change	-0.49%	-3.35%	0.26%	0.51%	-1.02%	-0.39%	6.58%	5.81%	-0.34%	-0.11%	-0.23%	-0.23%	-0.58%	0.00%				-0.23%	<-Median->	10	Change
Difference Diluted/Basic	0.0%	0.0%	-0.3%	-0.6%	-0.3%	-0.3%	-0.1%	-0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%				-0.06%	<-Median->	10	Difference Diluted/Basic
Average # of Shares in Million	80.7	78.0	78.0	78.1	77.6	77.3	82.5	87.3	87.1	87.0	86.8	86.6	86.1	86.1				10.38%	<-Total Growth	10	Basic
Change	-0.37%	-3.35%	0.00%	0.13%	-0.64%	-0.39%	6.73%	5.82%	-0.23%	-0.11%	-0.23%	-0.23%	-0.58%	0.00%				-0.23%	<-Median->	10	Change
Difference Basic/Outstanding	-2.0%	0.0%	0.0%	0.1%	-0.8%	0.3%	5.9%	0.0%	-0.1%	0.0%	-0.2%	0.0%	-1.8%	-1.8%				0.03%	<-Median->	10	Difference Basic/Outstanding
pre-split 03																		Class B changing into Class A Shares
Class A	64.06	63.19	63.19	63.36	62.89	63.57	73.36	73.36	73.05	73.11	72.71	73.26	71.20	71.20	71.20	71.20		12.68%	<-Total Growth	10	Class A
Class B	15.01	14.83	14.83	14.81	14.07	13.99	13.98	13.98	13.98	13.91	13.91	13.36	13.36	13.36	13.36	13.36		-9.94%	<-Total Growth	10	Class B
# of Share in M	79.06	78.02	78.02	78.17	76.96	77.55	87.34	87.34	87.03	87.02	86.62	86.62	84.56	84.56	84.56	84.56		0.81%	<-IRR #YR->	10	Shares	8.38%
Change	-2.42%	-1.32%	0.00%	0.19%	-1.55%	0.77%	12.62%	0.00%	-0.36%	0.00%	-0.46%	0.00%	-2.39%	0.00%	0.00%	0.00%		-0.65%	<-IRR #YR->	5	Shares	-3.19%
CF fr Op $Millon	$229.9	$416.2	$334.8	$288.6	$273.3	$324.1	$312.5	$431.6	$427.0	$315.3	$220.8	$472.3	$413.7	$462.1	$404.6	$343.3		23.57%	<-Total Growth	10	Cash Flow
Increase	-25.38%	81.04%	-19.56%	-13.80%	-5.30%	18.59%	-3.58%	38.11%	-1.07%	-26.16%	-29.97%	113.90%	-12.41%	11.70%	-12.44%	-15.15%		SO,	Buy Backs		Conv B to A.
5 year Running Average	$213.0	$239.4	$290.6	$315.5	$308.6	$327.4	$306.7	$326.0	$353.7	$362.1	$341.4	$373.4	$369.8	$376.8	$394.7	$419.2		27.24%	<-Total Growth	10	CF 5 Yr Running
CFPS	$2.91	$5.33	$4.29	$3.69	$3.55	$4.18	$3.58	$4.94	$4.91	$3.62	$2.55	$5.45	$4.89	$5.47	$4.79	$4.06		14.02%	<-Total Growth	10	Cash Flow per Share
Increase	-23.53%	83.45%	-19.56%	-13.96%	-3.81%	17.68%	-14.38%	38.11%	-0.71%	-26.16%	-29.65%	113.90%	-10.27%	11.70%	-12.44%	-15.15%		2.14%	<-IRR #YR->	10	Cash Flow	23.57%
5 year Running Average	$2.65	$3.01	$3.67	$4.01	$3.96	$4.21	$3.86	$3.99	$4.23	$4.25	$3.92	$4.29	$4.28	$4.40	$4.63	$4.93		-0.84%	<-IRR #YR->	5	Cash Flow	-4.15%
P/CF on Med Price	3.64	2.43	3.55	4.75	5.31	5.51	6.11	3.62	2.45	5.73	7.09	2.50	2.88	3.24	0.00	0.00		1.32%	<-IRR #YR->	10	Cash Flow per Share	14.02%
P/CF on Closing Price	3.54	3.12	3.54	5.46	5.05	6.85	6.06	3.04	3.22	5.41	6.10	1.87	3.52	3.39	3.87	4.57		-0.20%	<-IRR #YR->	5	Cash Flow per Share	-0.99%
															-32.59%	Diff M/C		1.55%	<-IRR #YR->	10	CFPS 5 yr Running	16.63%
Excl.Working Capital CF	$91.8	-$75.6	$13.2	$90.2	-$3.0	-$42.0	$67.0	$39.0	$55.0	$141.0	$214.0	-$62.0	$4.0	$0.0	$0.0	$0.0		1.44%	<-IRR #YR->	5	CFPS 5 yr Running	7.43%
CF fr Op $M WC	$321.7	$340.6	$348.0	$378.8	$270.3	$282.1	$379.5	$470.6	$482.0	$456.3	$434.8	$410.3	$417.7	$462.1	$404.6	$343.3		20.03%	<-Total Growth	10	Cash Flow less WC
Increase	2.32%	5.88%	2.17%	8.85%	-28.64%	4.37%	34.53%	24.01%	2.42%	-5.33%	-4.71%	-5.63%	1.80%	10.63%	-12.44%	-15.15%		1.84%	<-IRR #YR->	10	Cash Flow less WC	20.03%
5 year Running Average	$299.7	$308.4	$328.5	$340.7	$331.9	$324.0	$331.7	$356.3	$376.9	$414.1	$444.6	$450.8	$440.2	$436.2	$425.9	$407.6		-2.36%	<-IRR #YR->	5	Cash Flow less WC	-11.24%
CFPS Excl. WC	$4.07	$4.37	$4.46	$4.85	$3.51	$3.64	$4.35	$5.39	$5.54	$5.24	$5.02	$4.74	$4.94	$5.47	$4.79	$4.06		2.97%	<-IRR #YR->	10	CF less WC 5 Yr Run	33.99%
Increase	4.86%	7.29%	2.17%	8.64%	-27.52%	3.57%	19.45%	24.01%	2.79%	-5.33%	-4.27%	-5.63%	4.29%	10.63%	-12.44%	-15.15%		4.32%	<-IRR #YR->	5	CF less WC 5 Yr Run	23.57%
5 year Running Average	$3.72	$3.86	$4.14	$4.32	$4.25	$4.16	$4.16	$4.35	$4.48	$4.83	$5.11	$5.19	$5.10	$5.08	$4.99	$4.80		1.03%	<-IRR #YR->	10	CFPS - Less WC	10.75%
P/CF on Med Price	2.60	2.97	3.42	3.62	5.37	6.33	5.03	3.32	2.17	3.96	3.60	2.87	2.86	3.24	0.00	0.00		-1.72%	<-IRR #YR->	5	CFPS - Less WC	-8.32%
P/CF on Closing Price	2.53	3.81	3.41	4.16	5.11	7.87	4.99	2.79	2.85	3.74	3.10	2.16	3.48	3.39	3.87	4.57		2.09%	<-IRR #YR->	10	CFPS 5 yr Running	23.02%
*Operational Cash Flow per share			CF/CF-WC	P/CF Med	10 yr	5.03	5 yr	2.88	P/CF Med	10 yr	3.61	5 yr	2.87		-6.02%	Diff M/C		3.23%	<-IRR #YR->	5	CFPS 5 yr Running	17.25%
			-78.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	84.6								Shares
								-87.3	0.0	0.0	0.0	0.0	84.6								Shares
			-$334.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$413.7								Cash Flow
								-$431.6	$0.0	$0.0	$0.0	$0.0	$413.7								Cash Flow
			-$4.29	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.89								Cash Flow per Share
								-$4.94	$0.00	$0.00	$0.00	$0.00	$4.89								Cash Flow per Share
			-$3.67	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.28								CFPS 5 yr Running
								-$3.99	$0.00	$0.00	$0.00	$0.00	$4.28								CFPS 5 yr Running
			-$348.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$417.7								Cash Flow less WC
								-$470.6	$0.0	$0.0	$0.0	$0.0	$417.7								Cash Flow less WC
			-$328.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$440.2								CF less WC 5 Yr Run
								-$356.3	$0.0	$0.0	$0.0	$0.0	$440.2								CF less WC 5 Yr Run
			-$4.46	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.94								CFPS - Less WC
								-$5.39	$0.00	$0.00	$0.00	$0.00	$4.94								CFPS - Less WC
			-$4.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.10								5 yr Running Average
								-$4.35	$0.00	$0.00	$0.00	$0.00	$5.10								5 yr Running Average
Changes in non-cash operating items		$88.20	-$9.30
Accts Rec				$7.50	-$1.00	$28.4	$14.9	$47.0	$39.8	-$47.9	-$42.7	$66.4	$2.6
Inventories				-$0.50	$9.80	$0.3	-$3.6	$6.5	-$16.1	-$73.5	-$78.7	$93.8	$15.3
Prepaid Exp and Other assets				-$2.00	$1.90	-$0.6	-$1.0	$3.5	$0.9	-$0.1	$2.6	$0.1	$3.3
Accts Pay and accrued liab.				$23.00	-$35.50	-$0.3	-$99.4	-$24.5	-$19.6	$45.0	-$7.5	-$50.1	$10.4
Provision				-$13.90	-$3.20	-$5.7	-$4.4	$8.0	-$6.9	-$7.3	-$0.8
Deferred Revenues and deposits				-$37.10	-$15.30	-$49.9	-$90.1	-$18.8	-$3.0	$1.2	-$3.3	-$1.5	$0.6
Defined Benefit Plan				-$4.30	-$5.00	-$3.2	-$1.2	-$1.2	$0.1	$0.8	$0.9	$2.1	$1.5
Impairment o assets
Income Tax					$51.10	$73.1	-$41.9	-$59.5	-$49.8	-$59.4	-$84.9	-$48.4	-$37.2
Net Earnings from discontinuedf bus
Income taxes paid		-$12.60	-$3.90	-$62.90
Sum		$75.60	-$13.20	-$90.20	$2.80	$42.1	-$226.7	-$39.0	-$54.6	-$141.2	-$214.4	$62.4	-$3.5
TD Bank		$76	-$13	-$90	$3	$42	-$67	-$39	-$55	-$141	-$214	$62	-$4								Accting chges in 2019
Net		$0	$0	$0	$0	$0	-$160	$0	$0	$0	$0	$0	$1
TD Bank 2020				-$12	-$123	-$87	-$227
Net Diff				-$78	$126	$129	$0
OPM	10.88%	19.72%	16.18%	14.41%	13.53%	16.15%	11.91%	14.20%	16.58%	11.93%	7.47%	16.06%	14.71%	16.83%				-9.09%	<-Total Growth	10	OPM
Increase	-27.80%	81.21%	-17.98%	-10.91%	-6.11%	19.31%	-26.23%	19.24%	16.76%	-28.07%	-37.38%	115.03%	-8.43%	14.42%					Should increase		or be stable.
Diff from Median	-23.93%	37.85%	13.07%	0.74%	-5.42%	12.85%	-16.75%	-0.74%	15.90%	-16.64%	-47.80%	12.25%	2.79%	17.61%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	14.31%	5 Yrs	14.71%					should be	zero, it is a		check on calculations
														$466	<-12 mths	-0.75%
EBITDA		$338.6	$360.3	$378.7	$390.1	$396.7	$459.3	$476.0	$499.0	$455.0	$447.0	$446.5	$469.4	$466	$469	$465		30.28%	<-Total Growth	10	EBITDA	Fr Markt Sc
Change			6.41%	5.11%	3.01%	1.69%	15.78%	3.64%	4.83%	-8.82%	-1.76%	-0.11%	5.13%	-0.81%	0.69%	-0.92%		3.32%	<-Median->	10	Change
Margin		16.05%	17.41%	18.91%	19.32%	19.76%	17.51%	15.66%	19.38%	17.21%	15.12%	15.18%	16.69%	16.96%	17.06%	17.46%		17.36%	<-Median->	10	Margin
Long Term Debt				$347.7	$347.9	$348.3	$1,209.8	$1,381.9	$790.4	$778.2	$979.3	$937.8	$668.1	$668.1							Debt	Type
Change					0.06%	0.11%	247.34%	14.23%	-42.80%	-1.54%	25.84%	-4.24%	-28.76%	0.00%				0.06%	<-Median->	9	Change	Lg Term R
Debt/Market Cap Ratio				0.22	0.25	0.16	0.64	1.05	0.58	0.46	0.73	1.06	0.46	0.43				0.52	<-Median->	10	Debt/Market Cap Ratio	Intang/GW
Assets/Current Liabilities Ratio				4.61	5.22	5.85	2.98	5.27	5.31	5.22	6.95	7.03	4.76	4.76				5.25	<-Median->	10	Assets/Current Liab Ratio	Liquidity
Current Liabilities/Asset Ratio				0.22	0.19	0.17	0.34	0.19	0.19	0.19	0.14	0.14	0.21	0.21				0.19	<-Median->	10	Current Liab/Asset Ratio	Liq. + CF
Debt to Cash Flow (Years)				1.20	1.27	1.07	3.87	3.20	1.85	2.47	4.44	1.99	1.61	1.45				1.92	<-Median->	10	Debt to Cash Flow (Years)	Debt Ratio
																						Leverage
Goodwill	$487.0	$325.7	$419.5	$495.5	$509.7	$505.0	$1,150.0	$1,145.3	$1,898.8	$1,086.6	$1,181.7	$1,194.9	$1,154.0	$1,154.0				175.09%	<-Total Growth	10	Goodwill	D/E Ratio
Change	-28.30%	-33.12%	28.80%	18.12%	2.87%	-0.92%	127.72%	-0.41%	65.79%	-42.77%	8.75%	1.12%	-3.42%	0.00%				1.99%	<-Median->	10	Change
Goodwill//Market Cap Ratio	0.60	0.25	0.35	0.31	0.37	0.23	0.61	0.87	1.38	0.64	0.88	1.35	0.79	0.74				0.72	<-Median->	10	Intangible/Market Cap Ratio
Intangibles	$171.5	$194.2	$252.9	$257.5	$217.0	$171.1	$747.1	$686.2	$568.5	$513.0	$519.6	$447.1	$354.5	$354.5				40.17%	<-Total Growth	10	Intangibles
Goodwill	$487.0	$325.7	$419.5	$495.5	$509.7	$505.0	$1,150.0	$1,145.3	$1,898.8	$1,086.6	$1,181.7	$1,194.9	$1,154.0	$1,154.0				175.09%	<-Total Growth	10	Goodwill
Total	$658.5	$519.9	$672.4	$753.0	$726.7	$676.1	$1,897.1	$1,831.5	$2,467.3	$1,599.6	$1,701.3	$1,642.0	$1,508.5	$1,508.5				124.35%	<-Total Growth	10	Total
Change	-20.55%	-21.05%	29.33%	11.99%	-3.49%	-6.96%	180.59%	-3.46%	34.71%	-35.17%	6.36%	-3.49%	-8.13%	0.00%				-3.46%	<-Median->	11	Change
Intangible/Market Cap Ratio	0.81	0.40	0.57	0.48	0.53	0.30	1.00	1.39	1.80	0.94	1.26	1.86	1.04	0.96				1.00	<-Median->	11	Intangible/Market Cap Ratio
Current Assets	$602.70	$560.1	$574.4	$579.3	$559.9	$780.2	$943.1	$1,068.8	$1,024.7	$1,125.5	$1,134.7	$1,100.4	$1,214.6	$1,214.6				Liquidity ratio of 1.5 and up, best
Current Liabilities	$725.40	$571.9	$532.1	$458.4	$395.3	$365.3	$717.3	$717.3	$677.5	$692.3	$547.0	$526.3	$765.3	$765.3				1.55	<-Median->	10	Ratio
Liquidity	0.83	0.98	1.08	1.26	1.42	2.14	1.31	1.49	1.51	1.63	2.07	2.09	1.59	1.59				1.63	<-Median->	5	Ratio
Liq. with CF aft div	1.09	1.63	1.62	1.78	1.97	2.86	1.65	1.99	2.03	1.97	2.34	2.84	2.03	2.09				2.03	<-Median->	5	Liq. with CF aft div
Liq. CF re  Inv+Div	0.95	1.40	1.06	1.31	1.42	2.86	1.65	1.90	2.03	1.56	1.59	2.16	1.77	2.09				1.77	<-Median->	5	Liq. CF re  Inv+Div
Liq. with CF aft div (WC)						2.49	1.67	1.94	1.99	2.05	2.51	2.50	1.94	1.99				2.05	<-Median->	5	Liq. with CF aft div (WC)
Liq. CF re  Inv+Div						2.77	1.61	1.73	1.77	1.43	1.53	1.65	1.55	1.88				1.55	<-Median->	5	Liq. CF re  Inv+Div
Curr Long Term Debt						0.00	$251.2	$1.2	$229.7	$187.3	$10.7	$2.1	$201.0	201.00				187.30	<-Median->	5	Curr Long Term Debt
Liquidity Less CLTD						2.14	2.02	1.49	2.29	2.23	2.12	2.10	2.15	2.15				2.15	<-Median->	5	Liquidity Less CLTD
Liq. with CF aft div						2.86	1.30	1.98	1.69	1.70	2.32	2.84	1.77	1.83				1.77	<-Median->	5	Liq. with CF aft div
Assets	$2,136.2	$1,859.3	$2,027.7	$2,113.5	$2,062.2	$2,136.7	$2,136.7	$3,781.8	$3,598.4	$3,612.9	$3,801.0	$3,700.3	$3,641.3	$3,641.3				Debt Ratio of 1.5 and up, best
Liabilities	$1,234.8	$1,043.9	$1,234.6	$1,097.2	$993.5	$918.0	$918.0	$2,090.6	$1,859.8	$1,848.6	$1,919.9	$1,794.1	$1,726.5	$1,726.5				2.02	<-Median->	10	Ratio
Debt Ratio	1.73	1.78	1.64	1.93	2.08	2.33	2.33	1.81	1.93	1.95	1.98	2.06	2.11	2.11				1.98	<-Median->	5	Ratio
Estimates BVPS														$23.40	$24.22	$24.97			Estimates		Estimates BVPS
Estimate Book Value														$1,978.6	$2,048.0	$2,111.4			Estimates		Estimate Book Value
P/B Ratio (Close)														0.79	0.77	0.74			Estimates		P/B Ratio (Close)
Difference from 10 year median															-18.89%	Diff M/C			Estimates		Difference from 10 yr med.
Total Book Value	$901.4	$815.4	$793.1	$1,016.3	$1,068.7	$1,218.7	$1,218.7	$1,691.2	$1,738.6	$1,764.3	$1,881.1	$1,906.2	$1,914.8	$1,914.8				141.43%	<-Total Growth	10	Book Value
Non-Cont. Int	$1.4	$0.4	$1.0	$0.0	$0.0	$0.0	$0.0	$4.2	$5.3	$5.2	$4.8	$4.9	$5.5	$5.5				450.00%	<-Total Growth	10	Non-Cont. Int
Book Value & Pref	$900.0	$815.0	$792.1	$1,016.3	$1,068.7	$1,218.7	$1,218.7	$1,687.0	$1,733.3	$1,759.1	$1,876.3	$1,901.3	$1,909.3	$1,909.3
Preferrerd Shares	$96.8	$96.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0
Book Value	$803.2	$718.2	$792.1	$1,016.3	$1,068.7	$1,218.7	$1,218.7	$1,687.0	$1,733.3	$1,759.1	$1,876.3	$1,901.3	$1,909.3	$1,909.3	$1,909.3	$1,909.3		141.04%	<-Total Growth	10	Book Value
Book Value per Share	$10.16	$9.21	$10.15	$13.00	$13.89	$15.71	$13.95	$19.32	$19.92	$20.21	$21.66	$21.95	$22.58	$22.58	$22.58	$22.58		122.41%	<-Total Growth	10	Book Value per Share
Change	-33.20%	-9.39%	10.29%	28.06%	6.81%	13.17%	-11.21%	38.43%	3.12%	1.49%	7.16%	1.33%	2.88%	0.00%	0.00%	0.00%		-28.70%	P/B Ratio		Current/Historical Median
P/BV Median	1.04	1.41	1.50	1.35	1.36	1.46	1.57	0.93	0.60	1.03	0.83	0.62	0.62	0.78	0.00	0.00		1.15	P/B Ratio		Historical Median
P/BV Close	1.01	1.81	1.50	1.55	1.29	1.82	1.55	0.78	0.79	0.97	0.72	0.47	0.76	0.82	0.82	0.82		8.32%	<-IRR #YR->	10	Book Value per Share	122.41%
Change	21.41%	78.40%	-17.23%	3.52%	-16.64%	41.07%	-14.79%	-49.86%	1.75%	22.39%	-25.96%	-35.20%	63.75%	7.79%	0.00%	0.00%		3.17%	<-IRR #YR->	5	Book Value per Share	16.90%
Leverage (A/BK)	2.37	2.28	2.56	2.08	1.93	1.75	1.75	2.24	2.07	2.05	2.02	1.94	1.90	1.90				1.98	<-Median->	10	A/BV
Debt/Equity Ratio	1.37	1.28	1.56	1.08	0.93	0.75	0.75	1.24	1.07	1.05	1.02	0.94	0.90	0.90				0.98	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	0.98	5 yr Med	0.62		-15.95%	Diff M/C		2.08	Historical		Leverage (A/BK)
			-$10.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$22.58
								-$19.32	$0.00	$0.00	$0.00	$0.00	$22.58
Comprehensive Income	-$232.2	$55.0	$132.8	$274.5	$129.6	$203.3	$229.7	$129.4	$142.9	$104.0	$202.8	$102.2	$136.6
NCI	$0.6	$0.4	$0.6	-$0.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0
Preferrerd Shares	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0
Shareholders	-$232.80	$54.60	$132.20	$274.90	$129.60	$203.30	$229.70	$129.40	$142.90	$104.00	$202.80	$102.20	$136.60					3.33%	<-Total Growth	10	Comprehensive Income
Increase	-282.45%	123.45%	142.12%	107.94%	-52.86%	56.87%	12.99%	-43.67%	10.43%	-27.22%	95.00%	-49.61%	33.66%					10.43%	<-Median->	5	Comprehensive Income
5 Yr Running Average	-$0.38	$10.48	$49.16	$71.30	$71.70	$158.92	$193.94	$193.38	$166.98	$161.86	$161.76	$136.26	$137.70					0.33%	<-IRR #YR->	10	Comprehensive Income	3.33%
ROE	-25.8%	6.7%	16.7%	27.0%	12.1%	16.7%	18.8%	7.7%	8.2%	5.9%	10.8%	5.4%	7.1%					1.09%	<-IRR #YR->	5	Comprehensive Income	5.56%
5Yr Median	0.0%	6.7%	9.6%	9.6%	12.1%	16.7%	16.7%	16.7%	12.1%	8.2%	8.2%	7.7%	7.1%					10.85%	<-IRR #YR->	10	5 Yr Running Average	180.11%
% Difference from NI	13.2%	-431.7%	25.6%	4.7%	-11.4%	-3.9%	7.6%	-22.3%	8.2%	-20.6%	43.3%	18.8%	12.3%					-6.57%	<-IRR #YR->	5	5 Yr Running Average	-28.79%
Median Values										Diff	5, 10 yr	6.2%	12.3%					7.1%	<-Median->	5	Return on Equity
			-$132.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$136.6
								-$129.4	$0.0	$0.0	$0.0	$0.0	$136.6
			-$49.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$137.7
								-$193.4	$0.0	$0.0	$0.0	$0.0	$137.7
Current Liability Coverage Ratio	0.44	0.60	0.65	0.83	0.68	0.77	0.53	0.66	0.71	0.66	0.79	0.78	0.55	0.60							CFO / Current Liabilities
5 year Median	0.49	0.54	0.60	0.60	0.65	0.68	0.68	0.68	0.68	0.66	0.66	0.71	0.71	0.66				0.71	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	15.06%	18.32%	17.16%	17.92%	13.11%	13.20%	17.76%	12.44%	13.39%	12.63%	11.44%	11.09%	11.47%	12.69%							CFO / Total Assets
5 year Median	12.26%	12.81%	15.06%	17.16%	17.16%	17.16%	17.16%	13.20%	13.20%	13.20%	12.63%	12.44%	11.47%	11.47%				11.5%	<-Median->	5	Return on Assets
Return on Assets ROA	-8.58%	-0.78%	5.18%	12.42%	7.09%	9.90%	9.99%	4.39%	3.66%	3.61%	3.71%	2.32%	3.33%	4.09%				Net	Income/Assets		Return on Assets
5Yr Median	0.25%	-0.78%	3.17%	3.17%	5.18%	7.09%	9.90%	9.90%	7.09%	4.39%	3.71%	3.66%	3.61%	3.61%				3.6%	<-Median->	5	Asset Efficiency Ratio
Return on Equity ROE	-22.82%	-2.02%	13.27%	25.84%	13.69%	17.35%	17.51%	9.85%	7.60%	7.42%	7.53%	4.51%	6.35%	7.80%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	0.60%	-2.02%	6.31%	6.31%	13.27%	13.69%	17.35%	17.35%	13.69%	9.85%	7.60%	7.53%	7.42%	7.42%				7.4%	<-Median->	5	Return on Equity
														$128.40	<-12 mths	5.85%
Net Income	-$175.90	-$7.30	$112.5	$262.2	$146.3	$211.5	$213.4	$166.1	$131.8	$130.5	$140.8	$85.9	$121.9					8.36%	<-Total Growth	10	Net Income
NCI	$0.60	$0.40	$0.6	-$0.4	$0.0	$0.0	$0.0	$0.0	$0.1	-$0.1	-$0.4	$0.1	$0.6
Preferrerd Shares	$6.80	$6.80	$6.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0
Shareholders	-$183.30	-$14.50	$105.1	$262.6	$146.3	$211.5	$213.4	$166.1	$131.7	$130.6	$141.2	$85.8	$121.3	$149	$150	$153		15.41%	<-Total Growth	10	Net Income
Increase	-335.60%	-92.09%	-824.83%	149.86%	-44.29%	44.57%	0.90%	-22.16%	-20.71%	-0.84%	8.12%	-39.24%	41.38%	22.84%	0.67%	2.00%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	-$2.8	-$7.0	$30.3	$49.5	$63.2	$142.2	$187.8	$200.0	$173.8	$170.7	$156.6	$131.1	$122.1	$125.6	$129.5	$131.8		1.44%	<-IRR #YR->	10	Net Income	15.41%
Operating Cash Flow	$229.90	$416.20	$334.8	$288.6	$273.3	$324.1	$312.5	$431.6	$427.0	$315.3	$220.8	$472.3	$413.7					-6.09%	<-IRR #YR->	5	Net Income	-26.97%
Investment Cash Flow	-$106.10	-$93.60	-$283.0	-$163.5	-$151.7	$23.9	$1,502.7	-$34.1	$126.4	-$181.0	-$257.4	-$165.2	-$112.6					14.94%	<-IRR #YR->	10	5 Yr Running Ave.	302.50%
Total Accruals	-$307.10	-$337.10	$53.3	$137.5	$24.7	-$136.5	-$1,601.8	-$231.4	-$421.7	-$3.7	$177.8	-$221.3	-$179.8					-9.39%	<-IRR #YR->	5	5 Yr Running Ave.	-38.93%
Total Assets	$2,136	$1,859	$2,028	$2,114	$2,062	$2,137	$2,137	$3,782	$3,598	$3,613	$3,801	$3,700	$3,641						Balance Sheet		Assets
Accruals Ratio	-14.38%	-18.13%	2.63%	6.51%	1.20%	-6.39%	-74.97%	-6.12%	-11.72%	-0.10%	4.68%	-5.98%	-4.94%					-4.94%	<-Median->	5	Ratio
EPS/CF Ratio	0.45	0.46	0.48	0.49	0.72	0.72	0.67	0.47	0.47	0.45	0.44	0.43	0.47					0.47	<-Median->	10	EPS/CF Ratio
																		Should not be higher than 1.00
			-$105.10	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$121.30
								-$166.10	$0.00	$0.00	$0.00	$0.00	$121.30
			-$30.34	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$122.12
								-$199.98	$0.00	$0.00	$0.00	$0.00	$122.12
Change in Close	-18.90%	61.65%	-8.71%	32.57%	-10.97%	59.64%	-24.34%	-30.60%	4.92%	24.21%	-20.66%	-34.34%	68.46%	7.79%	0.00%	0.00%			Count	31	Years of data
up/down	up	up	up	up	down		up	up	up	up			up						Count	19	61.29%
Meet Prediction?		yes			Yes				Yes	Yes			Yes					% right	Count	9	47.37%
Financial Cash Flow	-$182.20	-$309.10	-$44.8	-$178.5	-$144.0	$69.7	$69.7	-$221.4	-$52.4	-$150.1	-$150.9	-$216.3	-$258.0						C F Statement		Financial Cash Flow
Total Accruals	-$124.90	-$28.00	$98.1	$316.0	$168.7	-$206.2	-$1,671.5	-$10.0	-$369.3	$146.4	$328.7	-$5.0	$78.2								Accruals
Accruals Ratio	-5.85%	-1.51%	4.84%	14.95%	8.18%	-9.65%	-78.23%	-0.26%	-10.26%	4.05%	8.65%	-0.14%	2.15%					2.1%	<-Median->	5	Ratio
Cash	$16.80	$30.30	$35.2	$38.6	$16.7	$247.1	$247.1	$213.7	$241.0	$231.1	$45.7	$137.0	$185.2	$185.2							Cash
Cash per Share	$0.21	$0.39	$0.45	$0.49	$0.22	$3.19	$2.83	$2.45	$2.77	$2.66	$0.53	$1.58	$2.19	$2.19				$2.19	<-Median->	5	Cash per Share
Percentage of Stock Price	2.06%	2.33%	2.97%	2.45%	1.21%	11.13%	13.06%	16.27%	17.55%	13.55%	3.39%	15.49%	12.73%	11.81%				13.55%	<-Median->	5	% of Stock Price
Notes:
January 17, 2025.  Last estimates were for 2024, 2025, 2026 of $2920M, $2915M, $2858M Revenue, $2.07, $2.15, $2.01 AEPS, $2.07, $2.15, $2.23 EPS,
$0.91, $0.93, $0.95 Dividends, $207M, $225M, $209M FCF, $3.68, $3.77, $3.82 CFPS, $445M, $451M, $455M EBITDA, $22.30, $22.70, $23.20 BVPS, $106M, $114M, $124M Net Income.
January 14, 2023.  Last estimates were for 2023, 2024 and 2025 of $3032M, $3044M, $3092M for Revenue, $2.14 ad $2.28 2023/4 for AEPS, $1.59, $1.57 and $1.92 for EPS,
$0.91, $0.96 and $1.04 for Dividends, $241M, $250M and $260M for FCF, $4.87, $5.01 and $4.53 for CFPS, $22.30, $23.00 and $23.90 for BVPS, $137M, $152M and $166M for Net Income.
January 14, 2023.  Last estimates were for 2022, 2023 and 2024 of $2728M, $2738M and $2763M for Revenue, $2.32, $2.43 and $2.41 for AEPS,
$1.70 and $1.82 for EPS for 2022/23, $0.97, $1.04 amd $1.12 for Dividends, $246M, $244M and $256M for FCF, and $203M and $218M for Net Income for 2022/23.
January 16, 2022.  Last estimates were for 2021, 2022 and 2023 of $2532M, $2549M and $2425M for Revenue, $2.26 and $2.30 for Adj EPS for 2021-22,
$1.76, 41.73 and $2.28 for EPS, $0.92, $0.94 and $1.03 for Dividends, $253M, $260M and $278M for FCF, $4.18, $4.15 and $4.25 for CFPS, and $154M, $150M and $149M for Net Income.
January 16, 2021.  Last estimates were for 2020, 2021 and 2022 of $2732M, $2652M and $2633M for Revenue,
$1.95, $1.92 and $2.28 for EPS, $2.88 and $2.99 for Adj EPS, $4.05, $4.21 and $4.43 for CFPS and $175M, $170M and $199M for Net Income.
January 18, 2020.  Last estimates were for 2019 and 2020 of $3123M, $3111M and $3099M for Revenue in 2019, 2020 and 2021, $2.19 and $2.34 for EPS,
$2.74, $2.88 and $2.99 for Adj EPS for 2019, 2020 and 2021, $3.71 for CFPS for 2019 and calc Net Income of $191M and $204M.
January 19, 2019.  Last estimates were for 2018, and 2020 of $1875M and $1815M for Revenue, $2.58 and $2.46 for EPS, $3.75 and $3.71 for CFPS and $195M for Net Income for 2018.
January 20, 2018.  Last estimates were for 2017 and 2018 of $1995M and $1920M for Revenue, $2.57 and $2.34 for EPS, $2.36 and $2.29 for Adjusted EPS,
$3.66 and $3.61 for CFPS and $170M and $168M for Net Income.
December 22, 2017.  Investors in Transcontinental Inc. have been rewarded for sticking with the company as it transitions more toward packaging
and printing and away from print media – although some see now as a good time to take a bit of profit. Shares of the Montreal-based company are up nearly 20 per cent so far this year amid
a steady sell-off of its newspaper assets and an ongoing string of acquisitions in what appears to be the more promising business of packaging for food and consumer products. Brenda Bouw reports.
January 22, 2017.  Last estimates were for 2016 and 2017 of $2030M and $1954M for Revenue, $2.43, $2.30 and $2.29 for EPS for 2016, 2017 and 2018,
$2.41, 2.36 and $2.29 for Adjusted earnings for 2016, 2017 and 2018 and $3.52 and $3.31 for CFPS and $172M and $172M for Net Income.
January 23, 2015.  Last estimates were for 2015 and 2016 of $2010M, $1932M for Revenue, $2.11 and $2.14 for EPS, $3.29 and $3.29 for CFPS and $164 and $167 for Net Income.
January 24, 2015.  Last estimates were for 2014, 2015 and 2016 of $2120M, $2107M and $2032M for Revenue, $1.95, $1.98 and $1.60 for EPS, $1.95, $1.98
and $1.60 for Adjusted EPS, $3.54, $3.74 and $3.57 for CFPS and $148M and $157M for 2014 and 2015 for Net Income.
Jan 20, 2014.  Last estimates were for 2013 and 2014 of $2141.2M and $2113.7M for Revenue, $1.84 and $1.94 for EPS.
January 26, 2013.  Last estimates were for 2012 and 2013 of $2203M and $2232M for Revenues, $1.98 and $2.11 (and $1.73 for 2013) for EPS and $3.31 and $3.53 for CFPS.
Feb 15, 2012.  While many printers are suffering, this one recently won an 18-year contract to print the Globe & Mail and a four-year contract with Canadian Tire worth
$30 to $40 million a year. Buy this bargain for gains plus high and rising dividends.
Feb 7, 2012.  Last Estimates I got for 2011 and 2012 are $1.89 amd $2.01 for EPS and $3.24 and $3.60 for CF.
2007 - I think the only way to make money on this stock on a long term basis, is buy at or below the Graham price.
2007.  They stopped publishing reports prior to 2007 because of the restatement of Financial Reports  annouced in 2007
2003.  There was a stock split on April 10, 2003.
1993.  Dividends were started.
1986.  There was a stock split on May 2, 1986.
1984.  This company was listed as a publicly traded company in 1984 as GTC Transcontinental Group Ltd.
1976.  Company was founded.  Rémi Marcoux was the founder in 1976
* Adjusted income excludes unusual items and discontinued operations.
* Adjusted net income was defined in 2013 as net income from continuing operations applicable to participating shares, before restructuring and other costs, asset impairment,
gain on business acquisition as well as unusual adjustments to income taxes and related financial expenses.
Class A shares are Subordinate Voting Shares with 1 vote per share and Class B shares are multiple voting shares with 20 votes per share and can be converted to Class A shares.
Capinabel Inc.   Remi Marcoux President & Board Member
Sector:
Services, Industrial
What should this stock accomplish?
You buy this stock for diversification.  You should expect volitility because it is an industrial stock.
Dividends would be low to moderate over the longer timer with increases moderate over the longer term.
Would I buy this company and Why.
I own this company.  When I bought this company in 2015 it was a dividend growth company and has done quite well so far long term.
Why am I following this stock.
This is a dividend growth stock.  It was on a number of dividend lists.  However, it fell on hard times after 2008, but was recovering but then hit another low in 2019 and its recovery
is uneven.  It is was on the Canadian Dividend Aristocrats Index when I bought it in 2015.
Dividends
Dividends are paid in cycle 1, which is January, April, July and October.  Dividends are generally declared for shareholders of one month for payment in the same month.  Sometimes they are declared in prior month to payment.
For example, the January 20, 2014 dividend payment was for Shareholders of record of January 3, 2014.  However, for the January 18, 2013 dividend payment, they were for shareholders of record of December 31, 2012.
Dividend started in 1993
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
Transcontinental says that to ensure that the business is properly managed based on the interests our shareholders, employees, customers and communities, the organisation's four pillars, we have put in place a governance structure.
I think that they should customers first and shareholders last.
How they make their money.
Transcontinental Inc or TC Transcontinental is a Canadian printer and flexible packaging provider that operates in three segments: packaging,
Printing and Media, and Retail Services. Geographically in Canada, USA, UK. Maximum Revenue is gained from USA.
They say that the company is now called TC Transcontinental.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2017	Jan 22	2018	Jan 19	2019	Jan 18	2020	Jan 16	2021	Jan 16	2022	Jan 14	2023	Jan 14	2024			Jan 17	2025
Morin, Thomas Gaston Louis												0.002	0.00%	0.002	0.00%			0.002	0.00%	A	was director in 2021	0.00%
CEO - Shares - Amount													$0.019		$0.031				$0.034	A
Options - percentage												0.240	0.28%	0.340	0.40%			0.453	0.54%			33.35%
Options - amount													$2.451		$5.842				$8.398
Brues, Peter								0.018	0.02%	0.018	0.02%	0.018	0.02%								Ceased insider Dec 2021	#DIV/0!
CEO - Shares - Amount									$0.360		$0.285		$0.187
Options - percentage								0.018	0.02%	0.281	0.32%	0.296	0.34%									#DIV/0!
Options - amount									$0.359		$4.377		$3.022
LeCavalier, Donald				0.009	0.01%	0.007	0.01%	0.016	0.02%	0.016	0.02%	0.025	0.03%	0.029	0.03%			0.033	0.04%	A		11.58%
CFO - Shares - Amount					$0.136		$0.104		$0.315		$0.250		$0.258		$0.505				$0.607	A
Options - percentage				0.031	0.04%	0.055	0.06%	0.059	0.07%	0.104	0.12%	0.098	0.11%	0.151	0.18%			0.183	0.22%			21.45%
Options - amount					$0.470		$0.871		$1.157		$1.624		$0.997		$2.596				$3.399
Brayley, Patrick												0.000	0.00%	0.008	0.01%			0.008	0.01%	A		0.00%
Officer - Shares - Amount													$0.000		$0.132				$0.143	A
Options - percentage												0.027	0.03%	0.039	0.05%			0.103	0.12%			161.14%
Options - amount													$0.273		$0.675				$1.900
Desaulniers, Christine	0.00%	0.002	0.00%	0.006	0.01%	0.018	0.02%	0.018	0.02%	0.018	0.02%	0.020	0.02%	0.020	0.02%			0.020	0.02%	A		0.00%
Officer - Shares - Amount	$0.052		$0.039		$0.093		$0.284		$0.353		$0.280		$0.204		$0.344				$0.371	A	Chief Legal Officer
Options - percentage	0.14%	0.084	0.10%	0.085	0.10%	0.000	0.00%	0.077	0.09%	0.096	0.11%	0.083	0.10%	0.094	0.11%			0.099	0.12%			5.48%
Options - amount	$3.067		$1.818		$1.272		$0.000		$1.511		$1.487		$0.847		$1.621				$1.843
Cote, Jacynthe	0.00%	0.000	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%			0.003	0.00%	A		0.00%
Director - Shares - Amount	$0.000		$0.000		$0.045		$0.047		$0.059		$0.047		$0.031		$0.052				$0.056	A
Options - percentage	0.00%	0.007	0.01%	0.012	0.01%	0.000	0.00%	0.031	0.04%	0.037	0.04%	0.051	0.06%	0.061	0.07%			0.071	0.08%			16.44%
Options - amount	$0.083		$0.149		$0.174		$0.000		$0.613		$0.580		$0.521		$1.055				$1.324
Martini, Anna														0.004	0.00%			0.004	0.00%	A		0.00%
Director - Shares - Amount															$0.065				$0.070	A
Options - percentage														0.103	0.12%			0.121	0.14%			17.20%
Options - amount															$1.780				$2.248
Plourde, Mario												0.010	0.01%	0.010	0.01%			0.010	0.01%	A		0.00%
Director - Shares - Amount													$0.101		$0.170				$0.184	A
Options - percentage												0.050	0.06%	0.065	0.08%			0.079	0.09%			22.70%
Options - amount													$0.508		$1.109				$1.467
Marcoux, Rémi	89.83%	12.563	89.86%	12.563	89.87%	12.563	89.89%	12.563	90.30%	12.563	90.30%	12.563	94.00%							B	all zero in 2023
Director Class B	$355.528		$260.553		$192.840		$199.624		$244.473		$203.895		$134.171							B
Class A	0.00%	0.002	0.00%	0.102	0.12%	0.102	0.12%	0.102	0.12%	0.102	0.12%	0.102	0.12%							A
Shares - Amount	$0.059		$0.044		$1.535		$1.610		$2.000		$1.587		$1.042							A
Options - percentage	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%
Options - amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000
Marcoux, Isabelle	0.01%	0.001	0.01%	0.001	0.01%	0.001	0.01%	0.001	0.01%	0.001	0.01%	0.001	0.01%	0.001	0.01%			0.001	0.01%	B		0.00%
Chairman - Shares - Amt	$0.028		$0.021		$0.015		$0.016		$0.019		$0.016		$0.011		$0.018				$0.018	B
Class A	0.01%	0.004	0.00%	0.004	0.00%	0.004	0.00%	0.004	0.00%	0.004	0.00%	0.004	0.00%	0.004	0.00%			0.004	0.00%	A		0.00%
Shares - Amount	$0.115		$0.087		$0.060		$0.063		$0.078		$0.062		$0.041		$0.069				$0.074	A
Options - percentage	0.03%	0.053	0.06%	0.030	0.03%	0.033	0.04%	0.050	0.06%	0.080	0.09%	0.084	0.10%	0.162	0.19%			0.231	0.27%			42.34%
Options - amount	$0.660		$1.142		$0.451		$0.528		$0.972		$1.248		$0.856		$2.788				$4.277
Capinabel inc.	89.83%	12.563	89.86%																	B	Owned by Remi Marcoux
10% owner Class B	$355.528		$260.553																	B
Class A	0.00%	0.002	0.00%																	A
Same as Remi Marcoux	$0.070		$0.044																	A
Increase in O/S Shares	0.04%	0.594	0.77%	0.360	0.41%	0.370	0.42%	0.135	0.16%	0.259	0.30%	0.341	0.39%	1.350	1.56%			0.425	0.50%
due to SO in 2013	$0.596		$17.020		$7.791		$5.559		$2.134		$5.080		$5.299		$13.787				$7.316		DSUs and RSUs
Book Value	$0.500		$9.700		$2.900		$2.900		$1.900		$19.600		$6.300		$9.100				$32.500		Stock-based compensation
Insider Buying	-$0.142		$0.000		-$1.829		-$0.434		-$0.122		-$0.045		-$0.240		-$0.183				-$0.144
Insider Selling	$9.874		$4.712		$0.000		$0.154		$0.000		$0.000		$0.541		$0.000				$0.000
Net Insider Selling	$9.732		$4.712		-$1.829		-$0.280		-$0.122		-$0.045		$0.301		-$0.183				-$0.144
% of Market Cap	0.44%		0.25%		-0.14%		-0.02%		-0.01%		0.00%		0.03%		-0.01%				-0.01%
Directors		13		14		13		13		13		12		11				10
Women	36%	5	38%	5	36%	5	38%	5	38%	5	38%	5	42%	5	45%			5	50%
Minorities	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%			0	0%
Institutions/Holdings	3.66%	2	4.73%	118	51.18%	20	37.65%	20	27.56%	20	19.06%	20	18.23%	20	17.32%			20	15.82%
Total Shares Held	0.66%	0.661	0.76%	37.542	42.98%	32.880	37.65%	23.985	27.56%	16.589	19.15%	15.795	18.23%	15.000	17.74%			13.310	99.65%
Increase/Decrease	0.00%	0.000	0.00%	-0.625	-1.64%	-3.170	-8.79%	-3.664	-13.25%	-0.576	-3.35%	-1.489	-8.62%	-0.395	-2.57%			-1.305	-8.93%
Starting No. of Shares		0.661		38.168		36.050	Top 20 MS	27.649	Top 20 MS	17.165	Top 20 MS	17.284	Top 20 MS	15.396	Top 20 MS			14.615	Top 20 MS
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My stock
																		27-Jan-15	-$4,650.00		$15.50	300
																		27-Jan-15	-$1,559.99		$15.60	100
																		31-Dec-24	$7,428.00		$15.52	400
																		1.82%	XIRR		$18.57	400
																		6.79%	Total Return
																		4.97%	Dividend Ret.			73.21%
																		% from	$10,714.00		Total Value	Gain
																			$0.00		Less Sale of Stock
																			-$7,428.00		Less Stock Value
																		72.96%	$3,286.00		Dividends Paid	52.91%
																			$6,209.99		Cost of Stock
																			$0.00		Sale of Stock
																		27.04%	$1,218.01		Capital Gains/Loss	19.61%
																		100.00%	$4,504.01		Total Return	72.53%
																		Start Date	27-Jan-15		Shares	400
																		End date	31-Dec-24		Dividends pd per Share	$8.22
																		Years	9.93		Div less cost	-$7.31
																					Cost	$15.52
																					% paid by div	52.93%