By: Tim McPartland,
We were able to ‘harvest’ the profits from our Canadian holding, Premium Brands Holdings yesterday. Premium Brands Holdings is a specialty food company which has been active in purchasing small specialty brands and integrating them with their holdings, which include dozens of brands, expanding distribution and lifting profits nicely.
It is interesting that we were able to harvest a profit of better than 20% with the strength of the dollar no doubt holding these gains down (without the dollar strength the gain likely would have been in the 40% area).
Like a number of our sales we will continue to watch this company for any potential repurchase.