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.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Gluskin Sheff + Associates Inc. TSX: GS OTC GLUSF http://www.gluskinsheff.com Fiscal Yr: Jun 30
Year 6/30/06 6/30/07 6/30/08 6/30/09 6/30/10 6/30/11 6/30/12 6/30/13 6/30/14 6/30/15 6/30/16 6/30/17 6/30/18 6/30/19 6/29/20 Value Description #Y Item Total G Dividend Coverage
Accounting Rules C GAAP C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Assets Under Management $3,731 $5,400 $5,970 $4,461 $5,534 $5,080 $5,452 $6,160 $7,485 $8,516 $8,298 $8,886 $9,300 $10,000 64.56% <-Total Growth 10 AUM
Increase 63.21% 44.73% 10.56% -25.28% 24.05% -8.20% 7.32% 12.99% 21.51% 13.77% -2.56% 7.09% 4.66% 7.53% 5.11% <-IRR #YR-> 10 AUM 64.56%
5 year Running Average $1,745 $2,668 $3,728 $4,370 $5,019 $5,289 $5,299 $5,337 $5,942 $6,539 $7,182 $7,869 $8,497 $9,000 10.26% <-IRR #YR-> 5 AUM 62.99%
Aum per Share $127.77 $184.94 $204.44 $152.76 $189.04 $174.59 $188.76 $211.65 $251.83 $268.70 $265.67 $284.50 $297.75 $320.16 11.42% <-IRR #YR-> 10 5 yr Running Average
Increase 44.74% 10.54% -25.28% 23.75% -7.64% 8.11% 12.13% 18.98% 6.70% -1.13% 7.09% 4.66% 7.53% 8.23% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $171.79 $181.16 $181.92 $183.36 $203.18 $219.11 $237.32 $256.47 $273.69 $287.36 4.40% <-IRR #YR-> 10 AUM per Share
Median Price to AUM 13.08% 10.90% 12.06% 8.25% 9.94% 11.23% 8.52% 7.81% 10.49% 10.30% 7.85% 5.95% 5.93% 8.55% <-IRR #YR-> 5 AUM per Share
Close Price to AUM 12.09% 14.13% 9.59% 10.54% 8.99% 10.77% 7.01% 9.19% 12.64% 9.32% 6.27% 5.89% 6.34% 5.89% <-IRR #YR-> 7 5 yr Running Average 194.90%
*Assets under Management (AUM) in M CDN $  P/AUM 10 yr  9.26% 5 yr  9.19% -31.46% Diff M/C 7.11% <-IRR #YR-> 5 5 yr Running Average 48.49%
-$5,400 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,886
-$5,452 $0 $0 $0 $0 $8,886
-$2,668 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,869
-$5,299 $0 $0 $0 $0 $7,869
-$184.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $284.50
-$188.76 $0.00 $0.00 $0.00 $0.00 $284.50
-$171.79 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $256.47
-$181.92 $0.00 $0.00 $0.00 $0.00 $256.47
Revenue* $133.8 $179.8 $105.8 $69.0 $123.3 $129.9 $81.6 $125.0 $247.5 $164.5 $142.1 $152.0 $161 $174 -15.46% <-Total Growth 10 Revenue
Increase 8.33% 34.43% -41.19% -34.73% 78.57% 5.37% -37.21% 53.29% 97.94% -33.54% -13.58% 6.97% 5.89% 8.07% -1.66% <-IRR #YR-> 10 Revenue -15.46%
5 year Running Average $118.1 $122.4 $122.3 $121.6 $101.9 $105.8 $141.4 $149.7 $152.1 $166.2 $173.4 $158.7 13.27% <-IRR #YR-> 5 Revenue 86.42%
Revenue per Share $4.58 $6.16 $3.62 $2.36 $4.21 $4.46 $2.82 $4.30 $8.33 $5.19 $4.55 $4.87 $5.15 $5.57 3.87% <-IRR #YR-> 9 5 yr Running Average #DIV/0!
Increase -96.29% 34.44% -41.20% -34.73% 78.14% 6.01% -36.75% 52.12% 93.82% -37.67% -12.31% 6.97% 5.89% 8.07% 10.28% <-IRR #YR-> 5 5 yr Running Average 63.12%
5 year Running Average $37.11 $28.04 $4.19 $4.16 $3.50 $3.63 $4.82 $5.02 $5.04 $5.45 $5.62 $5.07 -2.33% <-IRR #YR-> 10 Revenue per Share -20.97%
P/S (Price/Sales) Med 3.65 3.27 6.81 5.33 4.46 4.39 5.70 3.85 3.17 5.33 4.58 3.48 11.51% <-IRR #YR-> 5 Revenue per Share 72.39%
P/S (Price/Sales) Close 3.37 4.24 5.41 6.81 4.04 4.21 4.69 4.53 3.82 4.83 3.66 3.44 3.66 3.39 -19.20% <-IRR #YR-> 9 5 yr Running Average #DIV/0!
*Income in M CDN $  P/S Med 10 yr  4.52 5 yr  3.85 -18.99% Diff M/C 9.26% <-IRR #YR-> 5 5 yr Running Average 55.74%
-$179.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $152.0
-$81.6 $0.0 $0.0 $0.0 $0.0 $152.0
-$118.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $166.2
-$101.9 $0.0 $0.0 $0.0 $0.0 $166.2
-$6.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.87
-$2.82 $0.00 $0.00 $0.00 $0.00 $4.87
-$37.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.45
-$3.50 $0.00 $0.00 $0.00 $0.00 $5.45
EPS Basic $0.10 $2.56 $1.36 $0.73 $1.32 $1.71 $0.60 $1.67 $3.69 $1.73 $1.15 $1.44 -43.75% <-Total Growth 10 EPS Basic
EPS* $0.10 $2.55 $1.34 $0.73 $1.30 $1.69 $0.60 $1.66 $3.60 $1.66 $1.10 $1.38 $1.40 $1.75 -45.88% <-Total Growth 10 EPS Diluted
Increase -98% 2450% -47.45% -45.52% 78.08% 30.00% -64.50% 176.67% 116.87% -53.89% -33.73% 25.45% 1.45% 25.00% -5.96% <-IRR #YR-> 10 Earnings per Share -45.88%
Earnings Yield 0.6% 9.8% 6.8% 4.5% 7.6% 9.0% 4.5% 8.5% 11.3% 6.6% 6.6% 8.2% 7.4% 9.3% 18.13% <-IRR #YR-> 5 Earnings per Share 130.00%
5 year Running Average $1.75 $1.89 $1.20 $1.52 $1.13 $1.20 $1.77 $1.84 $1.72 $1.88 $1.83 $1.46 0.82% <-IRR #YR-> 9 5 yr Running #DIV/0!
10 year Running Average $1.47 $1.83 $1.52 $1.62 $1.51 $1.51 $1.61 10.68% <-IRR #YR-> 5 5 yr Running 66.08%
* ESP per share (Cdn GAAP) E/P 10 Yrs 7.24% 5Yrs 8.24%
-$2.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.38
-$0.60 $0.00 $0.00 $0.00 $0.00 $1.38
-$1.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.88
-$1.13 $0.00 $0.00 $0.00 $0.00 $1.88
Actual Dividends paid $5.0 $9.0 $56.1 $21.9 $17.4 $39.1 $41.4 $40.6 $103.7 $55.5 $33.6 $30.1
Payout re Earnings 175.98% 12.18% 143.03% 103.13% 45.24% 78.38% 237.44% 83.64% 97.11% 106.14% 97.92% 69.80% 97.51% <-Median-> 10 Dividends Paid CF Statement Total Dividend
5 year average 64.49% 105.83% 91.38% 92.77% 101.96% 105.96% 92.44% 92.77% <-Median-> 7 Dividends Paid  Total Dividend
Payout re CF 39.90% 11.24% 129.29% 79.00% 34.98% 72.74% 155.93% 72.22% 83.74% 79.55% 57.98% 45.11% 75.87% <-Median-> 10 Dividends Paid  Total Dividend
5 year average 56.39% 87.46% 74.97% 78.11% 84.91% 82.20% 70.36% 78.11% <-Median-> 7 Dividends Paid  Total Dividend
Total Dividends $0.28 $1.92 $0.75 $0.60 $1.34 $1.43 $1.40 $3.58 $1.83 $1.08 $1.00 $1.85 $1.00 $1.00 260.36% <-Total Growth 10 Total Dividend Total Dividend
Increase 592.79% -60.99% -20.67% 124.79% 6.54% -1.93% 155.81% -48.95% -41.10% -6.98% 85.00% -45.95% 0.00% -4.45% <-Median-> 10 Total Dividend Total Dividend
Yield on Close Price 1.06% 9.81% 4.66% 3.50% 7.11% 10.77% 7.18% 11.23% 7.29% 6.45% 5.97% 9.79% 5.29% 5.29% 7.15% <-Median-> 10 Total Dividend Total Dividend
Special Dividend $0.00 $1.50 $0.28 $0.10 $0.80 $0.80 $0.71 $2.80 $0.95 $0.10 $0.00 $0.85 $0.00 $0.00 $0.76 <-Median-> 10 Special Dividend Special Dividend
Yield H/L Price 6.09% 2.22% 0.53% 4.08% 4.97% 4.30% 10.60% 3.43% 0.48% 0.00% 4.82% #DIV/0! #DIV/0! 3.76% <-Median-> 10 Yield H/L Price Special Dividend
Dividend* $0.28 $0.42 $0.47 $0.50 $0.54 $0.63 $0.69 $0.78 $0.88 $0.98 $1.00 $1.00 $1.00 $1.00 260.36% <-Total Growth 10 Dividend* Regular Dividend
Increase 52.25% 11.24% 5.32% 8.59% 16.28% 10.00% 12.73% 12.90% 11.43% 2.56% 0.00% 0.00% 0.00% 11.34% <-Median-> 10 Increase Regular Dividend
Dividends 5 Yr Running $0.59 $0.71 $0.98 $1.21 $1.10 $1.67 $1.91 $1.86 $1.77 $1.87 $1.35 $1.19 120.60% <-Median-> 9 Dividends 5 Yr Running Total Dividend
Yield H/L Price 1.38% 1.71% 3.73% 2.63% 2.74% 3.88% 4.16% 2.93% 3.16% 4.68% 5.90% 5.67% 3.45% <-Median-> 10 Yield H/L Price Regular Dividend
Yield on High  Price 1.00% 1.39% 2.45% 2.17% 2.32% 3.30% 3.48% 2.28% 2.72% 3.76% 5.17% 5.29% 2.58% <-Median-> 10 Yield on High  Price Regular Dividend
Yield on Low Price 2.22% 2.25% 7.82% 3.36% 3.36% 4.72% 5.16% 4.11% 3.78% 6.19% 6.88% 6.10% 4.42% <-Median-> 10 Yield on Low Price Regular Dividend
Yield on Close Price 1.06% 2.16% 2.92% 2.91% 2.86% 4.72% 3.53% 2.43% 3.49% 5.85% 5.97% 5.29% 5.29% 5.29% 3.21% <-Median-> 10 Yield on Close Price Regular Dividend
Payout Ratio EPS 10.88% 143.47% 102.74% 45.77% 79.14% 237.50% 84.19% 99.31% 109.94% 97.73% 72.46% 132.1% 57.1% #DIV/0! 98.52% <-Median-> 10 DPR EPS Total Dividend
DPR EPS 5 Yr Running 31.18% 58.89% 64.16% 106.54% 92.06% 94.12% 103.80% 107.86% 94.39% 102.02% 92.59% #DIV/0! 94.12% <-Median-> 5 DPR EPS 5 Yr Running Total Dividend
Payout Ratio CFPS 18.13% 77.68% 85.51% 28.91% 117.84% 102.10% 63.38% 83.76% 87.59% 59.36% 45.98% 112.1% 42.7% #DIV/0! 80.72% <-Median-> 10 DPR CF Total Dividend
DPR CF 5 Yr Running 17.49% 49.26% 60.46% 75.94% 71.77% 75.30% 86.22% 79.04% 70.74% 77.79% 67.10% #DIV/0! 71.77% <-Median-> 9 DPR CF 5 Yr Running Total Dividend
Payout Ratio CFPS WC 10.15% 129.29% 79.00% 35.03% 72.39% 154.95% 72.38% 85.81% 82.87% 57.96% 46.75% 112.1% 42.7% #DIV/0! 75.69% <-Median-> 10 DPR CF WC Total Dividend
DPR CF WC 5 Yr Running 12.20% 48.57% 56.01% 87.36% 74.94% 78.86% 86.39% 83.96% 72.18% 77.63% 66.27% #DIV/0! 74.94% <-Median-> 5 DPR CF WC 5 Yr Running Total Dividend
Median Values 5 Yr Med 5 Yr Cl 4.16% 3.53% 5 Yr Med Payout 97.73% 63.38% 72.38% 13.68% <-IRR #YR-> 10 Dividends 260.36% Regular Dividend
* Dividends per share  5 Yr Med and Cur. 27.28% 49.84% Last Div Inc ---> $0.2500 $0.2500 0.0% 9.86% <-IRR #YR-> 5 Dividends 60.00% Regular Dividend
Dividends
-$0.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00 Dividends
-$0.63 $0.00 $0.00 $0.00 $0.00 $1.00 Dividends
Historical Dividends Historical High Div 7.63% Low Div 1.07% Ave Div 4.35% Med Div 3.16% Close Div 2.92% Historical Dividends
High/Ave/Median Values Curr diff Exp. -30.62%     394.75% Cheap 21.70% Cheap 67.53% Cheap 81.34% High/Ave/Median 
Div Yd 9.60% earning in 5 Years at IRR of 12.65% Div Inc. 81.41% Future Dividend Yield
Future Div Yield Div Yd 17.42% earning in 10 Years at IRR of 12.65% Div Inc. 229.09% Future Div Yield
Future Div Yield Div Yd 31.60% earning in 15 Years at IRR of 12.65% Div Inc. 496.99% Future Div Yield
H/LYield held 5 yrs 3.22% 3.10% 2.79% 6.15% 4.65% 4.97% 6.22% 6.05% 3.78% 3.61% 4.65% <-Median-> 7 Paid Median Price Regular Dividend
H/LYield held 10 yrs 5.83% 4.96% 4.06% 7.93% 5.32% 5.40% <-Median-> 2 Paid Median Price Regular Dividend
H/LYield held 5 yrs 8.00% 7.07% 5.67% 28.36% 9.71% 5.48% 6.22% 11.19% 3.78% 3.61% 7.07% <-Median-> 7 Paid Median Price Total Dividend
H/LYield held 10 yrs 6.43% 4.96% 7.51% 7.93% 5.32% 5.70% <-Median-> 2 Paid Median Price Total Dividend
Cost covered if held 5 years 16.04% 17.26% 10.91% 41.33% 32.23% 27.34% 28.34% 28.43% 7.19% 3.43% 27.34% <-Median-> 7 Paid Median Price Regular Dividend
Cost covered if held 10 years 48.11% 39.87% 29.98% 56.41% 37.29% 43.99% <-Median-> 2 Paid Median Price Regular Dividend
Cost covered if held 5 years 29.22% 29.90% 22.33% 66.08% 50.85% 47.42% 55.14% 56.41% 25.54% 21.41% 47.42% <-Median-> 7 Paid Median Price Total Dividend
Cost covered if held 10 years 84.86% 73.90% 60.16% 119.64% 82.37% 79.38% <-Median-> 2 Paid Median Price Total Dividend
I am earning GC Div Gr -15.00% 6-Jan-16 # yrs -> 2 2016 $19.73 Cap Gain -4.26% I am earning GC
I am earning Div org yield 5.07% 31-Aug-17 TFSA Div G Yrly -9.37% Div start $1.00 -5.07% 4.31% I am earning Div
Graham No. $0.45 $12.00 $7.89 $5.94 $9.36 $11.34 $5.87 $10.45 $15.82 $12.13 $9.77 $11.56 $11.65 $13.02 $0.00 -3.63% <-Total Growth 10 Graham Price
Price/GP Ratio Med 37.43 1.68 3.13 2.12 2.01 1.73 2.74 1.58 1.67 2.28 2.14 1.46 1.51 2.07 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 41.44 2.32 3.87 3.23 2.44 2.05 3.23 1.89 2.15 2.65 2.66 1.67 1.62 2.55 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 33.42 1.04 2.38 1.01 1.58 1.41 2.26 1.27 1.19 1.91 1.61 1.26 1.41 1.49 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 34.61 2.18 2.48 2.71 1.82 1.66 2.26 1.86 2.01 2.06 1.71 1.45 1.62 1.45 #DIV/0! 1.94 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 3361.10% 117.84% 148.49% 171.16% 81.57% 65.77% 125.55% 86.26% 101.21% 106.45% 70.69% 44.84% 62.18% 45.06% #DIV/0! 93.74% <-Median-> 10 Graham Price
Month Year Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
Price Close $18.50 $15.70 $26.60 $7.20 $20.55 $20.79 $14.91 $14.97 $25.70 $26.46 $20.71 $17.44 $18.89 $18.89 $18.89 11.08% <-Total Growth 10 Stock Price D.  per yr 6.32% 12.41%
Increase -15.14% 69.43% -72.93% 185.42% 1.17% -28.28% 0.40% 71.68% 2.96% -21.73% -15.79% 8.31% 0.00% 0.00% 1.06% <-IRR #YR-> 10 Stock Price 11.08% -3.36% -28.98%
P/E 185.00 6.16 19.85 9.86 15.81 12.30 24.85 9.02 7.14 15.94 18.83 12.64 13.49 10.79 #DIV/0! 3.18% <-IRR #YR-> 5 Stock Price 16.97% 4.76% 26.19%
Trailing P/E 3.90 157.00 10.43 5.37 28.15 15.99 8.82 24.95 15.48 7.35 12.48 15.85 13.69 13.49 10.79 9.95% <-IRR #YR-> 10 Price & Dividend 2.96%
Median 10, 5 Yrs D.  per yr 8.90% 11.80% % Tot Ret 89.39% 78.7% Price Inc 0.40% P/E:  14.22 12.64 14.98% <-IRR #YR-> 5 Price & Dividend 17.17%
-$15.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.44
-$14.91 $0.00 $0.00 $0.00 $0.00 $17.44
-$15.70 $1.92 $0.75 $0.60 $1.34 $1.43 $1.40 $3.58 $1.83 $1.08 $18.44
-$14.91 $1.40 $3.58 $1.83 $1.08 $18.44
Month Year Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20
Price Close $15.45 $26.14 $19.60 $16.10 $17.00 $18.80 $13.23 $19.46 $31.84 $25.04 $16.67 $16.75 $18.89 $18.89 $18.89 -35.92% <-Total Growth 10 Stock Price
Increase -16.49% 69.19% -25.02% -17.86% 5.59% 10.59% -29.63% 47.09% 63.62% -21.36% -33.43% 0.48% 12.78% 0.00% 0.00% -4.35% <-IRR #YR-> 10 Stock Price -35.92%
P/E 154.50 10.25 14.63 22.05 13.08 11.12 22.05 11.72 8.84 15.08 15.15 12.14 13.49 10.79 #DIV/0! 4.83% <-IRR #YR-> 5 Stock Price 26.61%
Trailing P/E 3.26 261.40 7.69 12.01 23.29 14.46 7.83 32.43 19.18 6.96 10.04 15.23 13.69 13.49 10.79 2.45% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 6.81% 13.04% % Tot Ret 277.32% 72.97% Price Inc 0.48% P/E:  13.85 12.14 17.87% <-IRR #YR-> 5 Price & Dividend
-$26.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.75
-$13.23 $0.00 $0.00 $0.00 $0.00 $16.75
-$26.14 $1.92 $0.75 $0.60 $1.34 $1.43 $1.40 $3.58 $1.83 $1.08 $17.75
-$13.23 $1.40 $3.58 $1.83 $1.08 $17.75
Price H/L Median $16.71 $20.17 $24.65 $12.61 $18.80 $19.61 $16.09 $16.53 $26.43 $27.68 $20.86 $16.94 $17.65 -31.30% <-Total Growth 10 Stock Price
Increase 20.68% 22.24% -48.86% 49.15% 4.28% -17.93% 2.73% 59.86% 4.73% -24.64% -18.80% 4.19% -1.73% <-IRR #YR-> 10 Stock Price -16.02%
P/E 167.10 7.91 18.40 17.27 14.46 11.60 26.82 9.96 7.34 16.67 18.96 12.27 12.60 1.03% <-IRR #YR-> 5 Stock Price 5.25%
Trailing P/E 1.14 9.67 9.41 25.75 15.08 9.52 27.55 15.92 7.69 12.56 15.40 12.79 6.07% <-IRR #YR-> 10 Price & Div
P/E on Run. 5 yr Ave 15.61 12.88 14.21 13.82 14.93 15.02 12.10 9.01 9.65 12.29% <-IRR #YR-> 5 Price & Div
P/E on Run. 10 yr Ave 14.43 18.17 12.85 11.25 11.67 15.57 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 7.80% 11.26% % Tot Ret 128.51% 91.6% Price Inc 2.73% P/E:  15.57 12.27 Count 12 Years of data
-$20.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.94
-$16.09 $0.00 $0.00 $0.00 $0.00 $16.94
-$20.17 $1.92 $0.75 $0.60 $1.34 $1.43 $1.40 $3.58 $1.83 $1.08 $17.94
-$16.09 $1.40 $3.58 $1.83 $1.08 $17.94
High Months May 06 May 06 Sep 07 Jul 08 Apr 10 Feb 11 Sep 11 Jun 13 Apr 14 Aug 14 Jul 15 Feb 17 Sep 17
Price High $18.50 $27.83 $30.50 $19.20 $22.85 $23.21 $18.95 $19.74 $33.98 $32.20 $25.95 $19.34 $18.89 -36.59% <-Total Growth 10 Stock Price
Increase 50.43% 9.59% -37.05% 19.01% 1.58% -18.35% 4.17% 72.14% -5.24% -19.41% -25.47% -2.33% -3.57% <-IRR #YR-> 10 Stock Price -30.51%
P/E 185.00 10.91 22.76 26.30 17.58 13.73 31.58 11.89 9.44 19.40 23.59 14.01 13.49 0.41% <-IRR #YR-> 5 Stock Price 2.06%
Trailing P/E 3.90 278.30 11.96 14.33 31.30 17.85 11.21 32.90 20.47 8.94 15.63 17.58 13.69 18.49 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -5.24% P/E:  18.49 14.01 28.41 P/E Ratio Historical High
-$27.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.34
-$18.95 $0.00 $0.00 $0.00 $0.00 $19.34
Low Months Jun 06 Nov 06 Mar 07 Sep 08 Jul 09 Aug 10 Jun 12 Jul 12 Oct 13 Jan 15 Jan 16 Nov 16 Jul 17
Price Low $14.92 $12.50 $18.80 $6.01 $14.75 $16.00 $13.23 $13.32 $18.87 $23.15 $15.76 $14.53 $16.40 -22.71% <-Total Growth 10 Stock Price
Increase -16.22% 50.40% -68.03% 145.42% 8.47% -17.31% 0.68% 41.67% 22.68% -31.92% -7.80% 12.87% 1.52% <-IRR #YR-> 10 Stock Price
P/E 149.20 4.90 14.03 8.23 11.35 9.47 22.05 8.02 5.24 13.95 14.33 10.53 11.71 1.89% <-IRR #YR-> 5 Stock Price
Trailing P/E 3.15 125.00 7.37 4.49 20.21 12.31 7.83 22.20 11.37 6.43 9.49 13.21 11.88 10.94 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 0.68% P/E:  10.94 10.53 6.91 P/E Ratio Historical Low
-$12.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.53
Long Term Liabilities $2.46 $2.42 $7.48 Debt
Change -1.46% 208.75% 103.64% <-Median-> 2 Change
Debt/Market Cap Ratio 0.00 0.00 0.01 0.00 <-Median-> 3 % of Market C.
Goodwill & Intangibles $1.71 $2.40 $3.12 $1.73 $1.61 $73.54 $67.99 $64.03 Intangibles Goodwill
Change 40.53% 30.13% -44.64% -7.01% 4481.99% -7.55% -5.83% -5.83% <-Median-> 7 Change
Intangible/Market Cap Ratio 0.00 0.00 0.01 0.00 0.00 0.09 0.13 0.12 0.01 <-Median-> 8 % of Market C.
Market Cap $451 $763 $572 $470 $498 $547 $382 $566 $946 $794 $521 $523 $590 $590 $590 -8.59% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 29.09 29.54 29.49 29.30 29.28 29.68 31.60 31.15 31.20 7.25% <-Total Growth 8 Diluted
Change 1.54% -0.18% -0.63% -0.05% 1.34% 6.49% -1.42% 0.15% 0.05% <-Median-> 8 Change
Basic # of Shares in Millions 28.390 28.92 29.29 29.09 29.23 29.17 29.03 28.98 28.91 30.27 29.85 30.04 3.87% <-Total Growth 10 Basic
Change 2737.80% 1.86% 1.29% -0.70% 0.49% -0.21% -0.46% -0.18% -0.24% 4.71% -1.39% 0.61% -0.20% <-Median-> 10 Change
Difference 1.0% -0.3% 0.4% 0.2% -0.2% -0.5% 0.4% 2.8% 4.7% 4.6% 4.0% 0.41% <-Median-> 10 Difference
Multiple Voting Shares 21.600 20.762 19.313 18.263 13.613 12.613 12.611 12.611
Subordinate Voting Shares 7.600 8.436 9.889 10.939 15.661 16.483 16.272 16.493
# of Share in Millions 29.200 29.198 29.202 29.202 29.274 29.096 28.883 29.104 29.723 31.693 31.234 31.234 31.234 31.234 31.234 0.68% <-IRR #YR-> 10 Shares 6.97%
Change 2820.00% -0.01% 0.01% 0.00% 0.25% -0.61% -0.73% 0.77% 2.13% 6.63% -1.45% 0.00% 0.00% 0.00% 0.00% 1.58% <-IRR #YR-> 5 Shares 8.14%
CF fr Op $M $7.5 $44.7 $72.3 $25.6 $60.2 $33.0 $40.3 $64.2 $126.9 $66.0 $56.6 $67.9 $51.5 $73.1 52.00% <-Total Growth 10 Cash Flow
Increase -36.14% 496.69% 61.72% -64.56% 135.18% -45.18% 22.07% 59.20% 97.70% -47.95% -14.34% 20.09% -24.14% 41.82% SO Buy Backs Shares Issued.
5 year Running Average $32.4 $42.1 $47.2 $46.3 $44.7 $64.9 $66.1 $70.8 $76.3 $73.8 $63.0 81.44% <-Total Growth 8 CF 5 Yr Running
CFPS $0.26 $1.53 $2.47 $0.88 $2.06 $1.14 $1.40 $2.20 $4.27 $2.08 $1.81 $2.18 $1.65 $2.34 42.10% <-Total Growth 10 Cash Flow per Share
Increase -97.81% 496.73% 61.69% -64.56% 134.61% -44.84% 22.97% 57.99% 93.58% -51.19% -13.08% 20.09% -24.14% 41.82% 4.28% <-IRR #YR-> 10 Cash Flow 52.00%
5 year Running Average $3.37 $1.44 $1.62 $1.59 $1.53 $2.21 $2.22 $2.35 $2.51 $2.40 $2.01 11.00% <-IRR #YR-> 5 Cash Flow 68.52%
P/CF on Med Price 65.14 13.17 9.96 14.37 9.14 17.27 11.53 7.50 6.19 13.28 11.52 7.79 10.69 0.00 3.58% <-IRR #YR-> 10 Cash Flow per Share 42.10%
P/CF on Closing Price 60.23 17.08 7.92 18.36 8.26 16.56 9.48 8.83 7.46 12.02 9.20 7.70 11.45 8.07 9.28% <-IRR #YR-> 5 Cash Flow per Share 55.84%
6.62% Diff M/C -3.64% <-IRR #YR-> 8 CFPS 5 yr Running #DIV/0!
Excl.Working Capital CF $5.0 $35.2 -$28.9 $2.1 -$10.5 $20.7 -$13.7 -$8.0 -$3.0 $3.8 $1.4 -$1.1 $0.0 $0.0 9.57% <-IRR #YR-> 5 CFPS 5 yr Running 57.96%
CF fr Op $M WC $12.5 $79.9 $43.4 $27.7 $49.7 $53.8 $26.6 $56.2 $123.8 $69.8 $57.9 $66.8 $51.5 $73.1 -16.34% <-Total Growth 10 Cash Flow less WC
Increase -32.65% 537.88% -45.63% -36.16% 79.34% 8.12% -50.59% 111.56% 120.34% -43.63% -17.00% 15.32% -22.86% 41.82% -1.77% <-IRR #YR-> 10 Cash Flow less WC -16.34%
5 year Running Average $36.4 $42.7 $50.9 $40.2 $42.8 $62.0 $66.0 $66.9 $74.9 $74.0 $63.8 20.26% <-IRR #YR-> 5 Cash Flow less WC 151.51%
CFPS Excl. WC $0.43 $2.74 $1.49 $0.95 $1.70 $1.85 $0.92 $1.93 $4.17 $2.20 $1.85 $2.14 $1.65 $2.34 9.43% <-IRR #YR-> 8 CF less WC 5 Yr Run #DIV/0!
Increase -97.69% 537.92% -45.63% -36.16% 78.90% 8.78% -50.22% 109.95% 115.76% -47.14% -15.78% 15.32% -22.86% 41.82% 13.24% <-IRR #YR-> 5 CF less WC 5 Yr Run 86.17%
5 year Running Average $4.84 $1.46 $1.74 $1.38 $1.47 $2.11 $2.21 $2.21 $2.46 $2.40 $2.04 -2.43% <-IRR #YR-> 10 CFPS - Less WC -21.80%
P/CF on Med Price 38.97 7.37 16.58 13.28 11.07 10.61 17.50 8.56 6.34 12.57 11.24 7.92 10.69 0.00 18.39% <-IRR #YR-> 5 CFPS - Less WC 132.58%
P/CF on Closing Price 36.03 9.56 13.18 16.96 10.01 10.18 14.39 10.08 7.64 11.37 8.99 7.83 11.45 8.07 -8.11% <-IRR #YR-> 8 CFPS 5 yr Running #DIV/0!
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.74 5 yr  7.79 P/CF Med 10 yr 11.16 5 yr  8.56 2.62% Diff M/C 12.24% <-IRR #YR-> 5 CFPS 5 yr Running 78.10%
-$1.53 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.18 Cash Flow per Share
-$1.40 $0.00 $0.00 $0.00 $0.00 $2.18 Cash Flow per Share
-$3.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.51 CFPS 5 yr Running
-$1.59 $0.00 $0.00 $0.00 $0.00 $2.51 CFPS 5 yr Running
-$79.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $66.8 Cash Flow less WC
-$26.6 $0.0 $0.0 $0.0 $0.0 $66.8 Cash Flow less WC
-$36.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $74.9 CF less WC 5 Yr Run
-$40.2 $0.0 $0.0 $0.0 $0.0 $74.9 CF less WC 5 Yr Run
OPM 5.60% 24.85% 68.34% 37.11% 48.87% 25.42% 49.43% 51.33% 51.27% 40.15% 39.80% 44.68% 79.79% <-Total Growth 10 OPM
Increase 343.85% 174.99% -45.71% 31.70% -47.97% 94.40% 3.86% -0.12% -21.68% -0.88% 12.27% Should increase  or be stable.
Diff from Median -88.0% -46.9% 46.1% -20.7% 4.5% -45.6% 5.7% 9.7% 9.6% -14.2% -14.9% -4.5% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 46.78% 5 Yrs 44.68% should be  zero, it is a   check on calculations
Current Assets $44.79 $156.75 $78.74 $71.94 $106.65 $114.67 $71.47 $96.68 $156.93 $76.33 $70.32 $96.60 Liquidity ratio of 1.5 and up, best
Current Liabilities $43.18 $84.55 $21.59 $12.44 $20.74 $27.23 $18.56 $31.25 $86.77 $40.95 $46.12 $43.08 3.37 <-Median-> 10 Ratio
Liquidity 1.04 1.85 3.65 5.78 5.14 4.21 3.85 3.09 1.81 1.86 1.52 2.24 1.86 <-Median-> 5 Ratio
Liq. with CF aft div 1.21 2.29 4.39 6.08 7.21 3.99 3.80 3.85 2.05 2.06 2.02 3.09 2.06 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.21 2.25 3.75 4.59 7.21 2.60 3.80 2.34 1.59 2.06 2.02 1.30 2.02 <-Median-> 5 Ratio
Assets $45.77 $157.82 $81.85 $75.12 $117.34 $136.27 $103.39 $129.71 $194.16 $180.80 $168.91 $185.08 Debt Ratio of 1.5 and up, best
Liabilities $43.18 $84.55 $21.59 $12.44 $29.61 $37.86 $29.77 $44.65 $102.27 $55.97 $48.54 $50.55 3.54 <-Median-> 10 Ratio
Debt Ratio 1.06 1.87 3.79 6.04 3.96 3.60 3.47 2.90 1.90 3.23 3.48 3.66 3.23 <-Median-> 5 Ratio
Book Value $2.59 $73.27 $60.26 $62.68 $87.73 $98.41 $73.61 $85.05 $91.89 $124.82 $120.37 $134.52 $134.52 $134.52 $134.52 83.59% <-Total Growth 10 Book Value
Book Value per share $0.09 $2.51 $2.06 $2.15 $3.00 $3.38 $2.55 $2.92 $3.09 $3.94 $3.85 $4.31 $4.31 $4.31 $4.31 71.62% <-Total Growth 10 Book Value per share
Change -98.13% 2734% -17.77% 4.01% 39.63% 12.86% -24.65% 14.66% 5.79% 27.40% -2.15% 11.75% 0.00% 0.00% 0.00% -30.08% P/B Ratio Current/Historical Median
P/B Ratio (Median) 188.68 8.04 11.95 5.87 6.27 5.80 6.31 5.66 8.55 7.03 5.41 3.93 6.27 P/B Ratio Historical Median
P/B Ratio (Close) 174.45 10.42 9.50 7.50 5.67 5.56 5.19 6.66 10.30 6.36 4.33 3.89 4.39 4.39 4.39 5.55% <-IRR #YR-> 10 Book Value per share 71.62%
Change 4372.64% -94.03% -8.81% -21.02% -24.38% -2.01% -6.61% 28.28% 54.67% -38.27% -31.96% -10.09% 12.78% 0.00% 0.00% 11.06% <-IRR #YR-> 5 Book Value per share 68.99%
Leverage (A/BK) 17.70 2.15 1.36 1.20 1.34 1.38 1.40 1.52 2.11 1.45 1.40 1.38 1.39 <-Median-> 10 A/BV
Debt/Equity Ratio 16.70 1.15 0.36 0.20 0.34 0.38 0.40 0.52 1.11 0.45 0.40 0.38 0.39 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 6.07 5 yr Med 5.66 -27.78% Diff M/C 1.40 Historical Leverage (A/BK)
-$2.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.31
-$2.55 $0.00 $0.00 $0.00 $0.00 $4.31
Comprehensive Income $2.84 $73.74 $39.25 $21.24 $38.44 $49.89 $17.45 $48.52 $105.21 $51.79 $34.31 $43.09 -41.56% <-Total Growth 10 Comprehensive Income
Increase 2497.39% -46.77% -45.89% 81.00% 29.78% -65.03% 178.15% 116.81% -50.77% -33.76% 25.62% 25.62% <-Median-> 5 Comprehensive Income
5 Yr Running Average $35.10 $44.51 $33.25 $35.11 $51.90 $54.57 $51.46 $56.58 -5.23% <-IRR #YR-> 10 Comprehensive Income -41.56%
ROE 109.8% 100.6% 65.1% 33.9% 43.8% 50.7% 23.7% 57.1% 114.5% 41.5% 28.5% 32.0% 19.83% <-IRR #YR-> 5 Comprehensive Income 147.03%
5Yr Median 65.1% 50.7% 43.8% 43.8% 50.7% 50.7% 41.5% 41.5% 7.06% <-IRR #YR-> 7 5 Yr Running Average #DIV/0!
% Difference from NI 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -1.5% -1.0% 0.0% -0.2% 11.22% <-IRR #YR-> 5 5 Yr Running Average 70.17%
Diff 5, 10 yr 0.0% -0.2% 41.5% <-Median-> 5 Return on Equity
-$73.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $43.1
-$17.4 $0.0 $0.0 $0.0 $0.0 $43.1
-$35.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $56.6
-$33.3 $0.0 $0.0 $0.0 $0.0 $56.6
DuPont Formula 116.2% 41.9% 28.5% 32.1% DuPont Formula
With Average Equity 77.47% 194.41% 58.79% 34.55% 51.11% 53.60% 20.28% 61.16% 120.7% 48.3% 28.0% 33.9% 37.0% <-Median-> 4 With Average Equity
Current Liability Coverage Ratio 0.29 0.94 2.01 2.23 2.40 1.97 1.43 1.80 1.43 1.70 1.26 1.55   CFO / Current Liabilities
5 year Median 1.24 2.01 2.01 2.01 1.97 1.80 1.70 1.43 1.55 1.55 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 27.35% 50.60% 53.05% 36.91% 42.37% 39.45% 25.69% 43.33% 63.78% 38.61% 34.30% 36.10% CFO / Total Assets
5 year Median 50.60% 42.37% 42.37% 39.45% 39.45% 42.37% 39.45% 38.61% 38.61% 38.6% <-Median-> 5 Return on Assets 
Return on Assets ROA 6.2% 46.7% 48.0% 28.3% 32.8% 36.6% 16.9% 37.4% 55.0% 28.9% 20.3% 23.3% Net  Income/Assets Return on Assets
5Yr Median 28.3% 32.8% 36.6% 32.8% 32.8% 36.6% 36.6% 28.9% 28.9% 28.9% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 109.8% 100.6% 65.1% 33.9% 43.8% 50.7% 23.7% 57.1% 116.2% 41.9% 28.5% 32.1% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 100.0% 65.1% 50.7% 43.8% 43.8% 50.7% 50.7% 41.9% 41.9% 41.9% <-Median-> 5 Return on Equity
Two unusual items. EPS $0.75
Two unusual items. $21.55
Net Income $2.84 $73.74 $39.25 $21.24 $38.44 $49.89 $17.45 $48.52 $106.77 $52.31 $34.31 $43.18 $47.1 $57.9 -41.45% <-Total Growth 10 Net Income
Increase -40.13% 2497% -46.77% -45.89% 81.00% 29.78% -65.03% 178.15% 120.04% -51.01% -34.42% 25.86% 9.09% 22.93% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $28.4 $35.1 $44.5 $33.3 $35.1 $52.2 $55.0 $51.9 $57.0 $56.7 $47.0 -5.21% <-IRR #YR-> 10 Net Income -41.45%
Operation Cash Flow $7.49 $44.69 $72.27 $25.61 $60.24 $33.02 $40.31 $64.17 $126.87 $66.04 $56.57 $67.93 19.87% <-IRR #YR-> 5 Net Income 147.50%
Investment Cash Flow -$0.08 -$1.25 -$3.74 -$4.03 $0.36 -$14.56 $13.84 -$20.06 -$24.64 $38.39 $20.70 -$59.16 7.18% <-IRR #YR-> 7 5 Yr Running Average #DIV/0!
Total Accruals -$4.58 $30.30 -$29.29 -$0.34 -$22.16 $31.42 -$36.71 $4.41 $4.54 -$52.12 -$42.96 $34.40 11.39% <-IRR #YR-> 5 5 Yr Running Average 71.47%
Total Assets $45.77 $157.82 $81.85 $75.12 $117.34 $136.27 $103.39 $129.71 $194.16 $180.80 $168.91 $185.08 Balance Sheet Assets
Accruals Ratio -10.00% 19.20% -35.78% -0.46% -18.89% 23.06% -35.50% 3.40% 2.34% -28.83% -25.43% 18.59% 2.34% <-Median-> 5 Ratio
EPS/CF Ratio 0.23 0.93 0.90 0.77 0.77 0.91 0.65 0.86 0.86 0.75 0.59 0.65 0.77 <-Median-> 10 EPS/CF Ratio
-$73.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $43.2
-$17.4 $0.0 $0.0 $0.0 $0.0 $43.2
-$35.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $57.0
-$33.3 $0.0 $0.0 $0.0 $0.0 $57.0
Chge in Close -16.49% 69.19% -25.02% -17.86% 5.59% 10.59% -29.63% 47.09% 63.62% -21.36% -33.43% 0.48% 12.78% 0.00% 0.00% Count 14 Years of data
up/down/neutral up up down up up down up up up down Count 10 71.43%
Any Predictions? yes yes yes yes yes yes % right Count 6 60.00%
Financial Cash Flow -$5.00 -$18.98 -$56.64 -$21.94 -$17.38 -$42.55 -$45.91 -$40.88 -$116.15 -$84.57 -$54.46 -$38.42 C F Statement  Financial Cash Flow
Total Accruals $0.42 $49.28 $27.36 $21.59 -$4.78 $73.97 $9.20 $45.28 $120.69 $32.45 $11.50 $72.81 Accruals
Accruals Ratio 0.92% 31.22% 33.42% 28.74% -4.07% 54.28% 8.90% 34.91% 62.16% 17.95% 6.81% 39.34% 34.91% <-Median-> 5 Ratio
Cash $54.21 $53.86 $97.08 $73.00 $18.73 $21.99 $8.18 $28.88 $51.33 $21.69 Cash
Cash per Share $1.86 $1.84 $3.32 $2.51 $0.65 $0.76 $0.28 $0.91 $1.64 $0.69 $0.76 <-Median-> 5 Cash per Share
Percentage of Stock Price 9.47% 11.46% 19.51% 13.35% 4.90% 3.88% 0.86% 3.64% 9.86% 4.14% 3.88% <-Median-> 5 % of Stock Price
Notes:
September 24, 2017.  Last estimates were for 2017, 2018 and 2019 of $8500M for 2017, $146M and $160M for 2017 and 2018, $1.32, $1.65 and $1.81 EPS, 
$1.72 and $1.89 for CFPS for 2017 and 2018 and $43.9M and $51.4M for Net Income foe 2017 and 2018.
October 24, 2016.  Last estimates were for 2016 and 2017 of $165M and $197M for Revenue, $1.70 and $2.20 for EPS, $1.71 and $2.30 for CFPS and $57.5M and $75.7M for Net Income
October 22, 2015.  Last estimates were for 2015 and 2016 of 187M and 202M for Revenue, $2.31 and $2.60 for EPS, $1.49 and $2.52 for CFPS and $73.60M and $81.70M for Net Income.
October 12, 2013, last estimates were for 2013 and 2014 of $108.8M and $129.3M for revenue, $1.16 and $1.43 for EPS.
Sep 25, 2012.  Some site show $0.68 and some $0.75 EPS.  The first because of write offs $2.3 million in respect of the derecognition of previously capitalized system.development costs.  The second was $1.8M top up to its bonus pool.
Sept 8, 2012.  Last estimates I got were for 2011 and 2012 of $121M and $126M for Revenue and $1.55 and $1.51 for EPS.
July 30, 2011.  When I last looked, I got estimates for 2010 of $1.53 and $1.75
Dividends paid in Oct, Dec, Mar, Jun. Statements are on web site, but hard to find.  See shareholders and under Corporate profile, there are other options.
Feb 2009.  If you are a conservative investor, this stock might be too risky.
What strikes me most is that earnings and cash flow etc are all over the place.  This stocks price will go up and down with the market as it will be highly correlated to the market.
This company was formed in 1984 and it went public in May 2006.  There are two levels of shares. There are multiple voting shares that have 15 votes each for all matters except electing directors.  
Stocks sold are subordinate shares. Multiple voting shares elect 3/4 of the directors and subordinate shares 1/3 of the directors.
Go to site map to find accounting reports.
In 2005 there was common and founders shares of 1M.  Shares were issued in 2006 on stock market and were multiple and Subordinate Voting Shares.
Sector:
Financial Services, Financial
What should this stock accomplish?
Would I buy this company and Why.
I still think that this is a dividend growth stock.  They also give out special dividends a lot.
Why am I following this stock. 
I started to review some of the stock recommended by Jennifer Dowty from a column she wrote and I reviewed in February 2010 on Dividends and Special Dividends.  
The title of the article in Investor’s Digest was Dividend Stocks: Buy, Hold and Collect. Jennifer is now working at the Globe and Mail and she used to be a Portfolio Manager for Manulife Asset Management Limited. 
I did a spreadsheet on this stock in February 2010 and was not impressed with the stock.  I chose this stock because I recognized the names of Gluskin and Sheff. I reviewed problems with list in February 2010.
This stock peaked in 2006 and had not recovered by August 2011.  This includes Revenues, Earnings and Book Value.  The Stock Price and Cash Flow peaked in 2007. 
I stopped looking at her stock, because of this one but decided to take another look in August 2011. I did pick a good one in Computer Modelling Group (TSX-CMG).
Why I bought this stock.
I had money in my TFSA to buy stock.  GS's stock was relatively below the median and it gives out special dividends all the time.
I also wanted to try out a high yield, low capital gain stock.
Dividends
It is hard to say the cycle as it seems to change around.  Dividends are paid in October, December, February and May.  October is cycle 1, December is cycle 3 and February and May are cycle 2.
October 2014 was for shareholders of October 1, 2014 and paid on October 14.  The December 2013 dividend was for shareholders of record of November 20, 2013 and payble on December 3, 2013. 
February dividend in 2014 was for shareholders of February 18 and payble on February 28. The May 2014 dividend was for shareholders of record of May 14 and payble on May 27, 2014.
Dividends paid in 2006 was to selling shareholders.
How they make their money.
Gluskin Sheff is an independent investment firm that manages portfolios for high net-worth individuals and institutional clients.
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 Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Sep 21 2012 Oct 22 2013 Oct 19 2014 Oct 22 2015 Oct 24 2016 Sep-24 2017
Moody, Jeffrey 0.749 2.52% 0.784 2.47% 0.812 2.60% 0.851 2.73% 0.862 $0.03 Used to officer from 2017
Officer - Shares - Amount $23.832 $19.628 $13.534 $14.262 $16.291 CEO
Options - percentage 0.061 0.20% 0.143 0.45% 0.141 0.45% 0.108 0.35% 0.128 $0.00
Options - amount $1.937 $3.578 $2.344 $1.806 $2.422
MacMillan, Thomas C. 0.174 0.56%
CEO  - Shares - Amount $2.92
Options - percentage 0.106 0.34%
Options - amount $1.77
Freedman, Jeremy Mark 1.918 6.59% 1.956 6.58% 1.834 5.79% 1.879 6.02%
CEO & Dir - Shares - Amount 1.860 $37.315 $62.27 $45.93 $31.33
Options - percentage Muiltvoting 0.080 0.27% 0.216 0.68% 0.199 0.64%
Options - amount $2.56 $5.42 $3.31
Morris, David Roy 0.003 0.01% 0.005 0.02% 0.009 0.03% 0.018 0.06% 0.019 $0.00
CFO - Shares - Amount $0.081 $0.130 $0.148 $0.295 $0.352
Options - percentage 0.009 0.03% 0.014 0.04% 0.012 0.04% 0.009 0.03% 0.015 $0.00
Options - amount $0.279 $0.343 $0.201 $0.148 $0.285
Bantis, Jim Demetris 0.179 $0.01
Officer - Shares - Amount $3.374
Options - percentage 0.097 $0.00
Options - amount $1.835
Leboff, Bruce 1.425 4.89% 0.000 0.00% ceased to be an insider
Officer - Shares - Amount 1.395 $27.721 $0.00 Oct 2013
Options - percentage 0.756 2.60% 0.000 0.00% Seems to back 2016 Website
Options - amount 0.749 $14.718 $0.00 but not on INK
Muiltvoting
Webb, William Reid 1.693 5.82% 0.000 0.00% 1.811 5.71% 1.827 5.85% Ceased to be insider Dec '15
Officer - Shares - Amount 1.608 $32.951 $0.00 $45.35 $30.45 re INK but still on website
Options - percentage Muiltvoting 0.000 0.00% 0.076 0.24% 0.050 0.16%
Options - amount $0.00 $1.89 $0.83
Beeston, Paul 0.023 0.08% 0.023 0.07% 0.023 0.07% 0.023 0.07% 0.023 $0.00
Director - Shares - Amount $0.732 $0.576 $0.383 $0.385 $0.434
Options - percentage 0.010 0.03% 0.053 0.17% 0.059 0.19% 0.068 0.22% 0.076 $0.00
Options - amount $0.308 $1.327 $0.992 $1.145 $1.429
Gluskin, Ira 3.000 10.31% 0.300 1.01% ceased to be 
Director - Shares - Amount $58.380 $9.56 an insider
Options - percentage Muiltvoting 0.000 0.00% Dec 2013
Options - amount $0.00
Carty, Donald 0.015 0.05% ceased to be 
Director - Shares - Amount $0.48 an insider
Options - percentage 0.051 0.17% Dec 2013
Options - amount $1.63
Solway, Herbert 0.013 0.04% 0.013 0.04% Used to be Lead Director
Director - Shares - Amt $0.32 $0.22 Ceased as insider Oct 2016
Options - percentage 0.025 0.08% 0.031 0.10%
Options - amount $0.63 $0.52
Lockhart, Nancy H. O. 0.000 0.00% 0.000 $0.00
Lead Director - Shares - Amt $0.000 $0.000
Options - percentage 0.013 0.04% 0.020 $0.00
Options - amount $0.224 $0.376
Sheff, Gerald 4.000 13.74% 0.300 1.01% ceased to be 
Chairman - Shares - Amt $77.840 $9.55 an insider
Options - percentage Muiltvoting 0.000 0.00% Dec 2013
Options - amount $0.00
Increase in O/S Shares 0.140 0.47% 0.294 0.99% 0.070 0.24% 0.029 0.09% 0.000 0.00% yes 0 for 2017
due to SO $4.458 $9.361 $1.362 $0.726 $0.000
Book Value $2.949 $5.929 $1.013 $0.442 $0.000
Insider Buying -$0.010 -$0.325 -$0.358
Insider Selling $0.000 $3.632 $1.454
Net Insider Selling $4.194 -$0.010 $3.307 $1.097
% of Market Cap 0.53% 0.00% 0.63% 0.19%
Directors 6 9 9 8 7
Women 0 0% 1 11% 2 22% 2 25% 2 29%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 30 49.09% 27 35.07% 43 21.14% 49 30.98% 29 44.00% 50 36.53%
Total Shares Held 7.687 26.41% 5.897 19.84% 6.684 21.09% 9.819 31.44% 8.932 28.60% 11.408 36.53%
Increase/Decrease -0.054 -0.70% 0.007 0.13% 0.033 0.50% -0.045 -0.45% 0.186 2.13% 0.278 2.50%
Starting No. of Shares 7.741 5.890 6.651 9.864 8.746 11.131
Copyright © 2008 Website of SPBrunner. All rights reserved.