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Tuesday, June 7, 2011

The money is in the linen, K-Bro Linen Inc. (KBL) knows about it

Lately, I received the Notice of annual general and special meeting & management information circular of K-Bro Linen Inc. (KBL). I had been holding K-Bro Linen Inc. (KBL) since March 2011. I first invested in K-Bro Linen Inc. (KBL) after reading SP Brunner review of KBL. She wrote a good review about the company and I knew KBL would be a nice fit in my investment portfolio. I didn’t hold anything related to the Services sector. Adding KBL in had brought some diversity in my assets.

K-Bro Linen Inc. (KBL) has location plants in Victoria, Vancouver, Calgary, Edmonton, Toronto and Quebec City. For 2010, K-Bro Linen Inc. (KBL) revenue increase of 18.9%, to establish itself at a very respectable $104.5 million. K-Bro Linen Inc. (KBL) payout ratio is of 49.5%. KBL dividend yield is of 5.058$, 1.10$ annually per stock. KBL dividend is paid on a monthly basis.

K-Bro Linen Inc. (KBL) is specialized in the sector of services. The company provide laundry and linen services in Canada for hospitals, hotels and other related commercial sectors. K-Bro Linen Inc. (KBL) 2010 annual report is quite interesting. It’s containing information that clearly shows that K-Bro Linen Inc. (KBL) is a well established company.

K-Bro Linen Inc. (KBL) is one of those companies you can hold in time of insecurity like the one we live in right now. Their dividend so far had been steady. I initially invested 2 034.99$ in KBL back in March 2011. Currently, my investment worth 2 180$, for a profit of 145.01$. This represents a return of more than 7% within less than 4 months. Absolutely amazing! KBL won’t be of any help is your looking for spectacular gain. But what KBL is able to bring in is stability in the value and a reliable dividend. Both of those 2 are difficult to get these days on the Toronto stock market.

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