Sleep Country Canada Income Fund
formerly Toronto symbol SMU.UN, is the largest retailer of mattresses in Canada. The company was taken private in August 2008.
SLEEP COUNTRY CANADA INCOME FUND $21.96 (Toronto symbol Z.UN; SI Rating: Extra Risk) is now the subject of a friendly $22 per unit cash takeover offer from two private equity firms: Birch Hill Equity Partners Management and Westerkirk Capital (a holding company of the Thomson family). The partners expect the deal to close on or around September 23, 2008.
Sleep Country …read more »
Is it a good time to bargain hunt for Canadian income trusts? According to one school of thought, Ottawa’s planned 2011 removal of income trusts’ tax advantages has unduly rattled investors and spurred unwarranted selling.
That’s the kind of assumption that makes sense, but it’s unlikely to make you any money.
Tax-law changes are a drawback for some investors in Canadian …read more »
SLEEP COUNTRY CANADA INCOME FUND $19.75 (Toronto symbol Z.UN; SI Rating: Extra Risk) is the largest retailer of mattresses in Canada. Mattress sets account for about 90% of its sales. Other products include head boards, foot boards, pillows, mattress pads, bed frames and sheets.
In the three months ended December 31, 2007, Sleep Country’s sales rose 2.3%, to $89.1 million from …read more »
SLEEP COUNTRY CANADA INCOME FUND $20.89 (Toronto symbol Z.UN; SI Rating: Extra Risk) is the largest retailer of mattresses in Canada. Mattress sets account for about 90% of its sales. Other products include head boards, foot boards, pillows, mattress pads, bed frames and sheets.
In the three months ended September 30, 2007, Sleep Country’s sales rose 7.1%, to $104.7 million from …read more »
PRIMEWEST ENERGY TRUST $21.93 (Toronto symbol PWI.UN; SI Rating: Speculative) is a Calgary-based oil and gas royalty trust with operations in both western Canada and Montana, North Dakota and Wyoming in the U.S.
PrimeWest’s revenues rose 28.2% in the three months ended June 30, 2007, to $173.1 million from $135 million a year earlier. Cash flow per unit rose 8.4%, to …read more »
SLEEP COUNTRY CANADA INCOME FUND $24.71 (Toronto symbol Z.UN; SI Rating: Extra Risk) is the largest retailer of mattresses in Canada. Mattress sets account for about 90% of its sales. Other products include head boards, foot boards, pillows, mattress pads, bed frames and sheets.
Stephen Gunn (the current CEO), Christine Magee (the current president) and Gord Lownds launched Sleep Country in …read more »
