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. 6/30/11
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Cinram Intl Inc CRW.UN www.cinram.com Fiscal Yr: Dec 31
Year 12/31/99 12/31/00 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/30/12 #Y
Accting Rules C GAAP IFRS
Cdn - USD 1.4733 1.5224 1.5926 1.5796 1.2924 1.20000 1.16300 1.1652 0.9881 1.2240 1.0501 0.9970 0.9775 0.9775 Cdn - USD
Revenue*USD $435.7 $438.8 $535.6 $559.3 $826.9 $2,026.6 $2,098.1 $1,940.6 $2,001.1 $1,900 $1,464 $1,109 $1,020 $931 152.71% <-Total Growth 10 Revenue USD
Revenue* $645.5 $652.3 $831.7 $878.7 $1,152.6 $2,432.0 $2,440.1 $2,261.2 $1,977.3 $2,326 $1,537 $1,105 $997 $910 69.48% <-Total Growth 10 Revenue CDN
Increase 0.44% 1.04% 27.51% 5.65% 31.18% 110.99% 0.33% -7.33% -12.56% 17.62% -33.92% -28.07% -9.80% -8.69% 5.42% <-IRR #YR-> 10 Revenue CDN
Rev per Share $11.28 $11.87 $15.17 $15.92 $20.56 $42.81 $42.58 $38.75 $34.09 $42.12 $27.79 $20.00 $15.31 $13.98 -14.64% <-IRR #YR-> 5 Revenue CDN
P/S (Price/Sales) 1.04 0.24 0.30 0.63 1.38 0.52 0.64 0.59 0.18 0.04 0.10 0.07 0.00 0.00 5.35% <-IRR #YR-> 10 Rev Per Share CDN
*Net Sales in M CDN $  P/S 10 yr  0.41 5 yr  0.10 -14.03% <-IRR #YR-> 5 Rev Per Share CDN
-$652.3 $0.0 $0.0 $0.0 $0.0 $0 $0 $0 $0 $0 $1,105
-$2,440 $0 $0 $0 $0 $1,105
-$11.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.00
-$42.58 $0.00 $0.00 $0.00 $0.00 $20.00
Distri Cash USD $117.2 $146.8 $0.0 probably cannot reconcile as distributions declared include Jan Dividends received.
Distri Declared $107.4 $164.7 $0.0
Payout Ratio 91.6% 112.2%
Distri Income $2.01 $2.53
Disb Inc per unit $2.34 $2.50
Payout re Dis 78.2% 23.8%
EPS USD $0.22 -$0.34 $0.28 $0.63 $0.94 $1.32 $1.43 $0.89 -$5.19 -$0.56 -$0.40 $0.24 -$0.99 -$0.94 -170.59% <-Total Growth 10 Earnings USD
EPS* $0.32 -$0.51 $0.43 $0.98 $1.31 $1.58 $1.66 $1.04 -$5.13 -$0.69 -$0.42 $0.24 -$0.97 -$0.92 -146.92% <-Total Growth 10 Earnings CDN
Increase -54.29% -259.38% -184.31% 127.91% 33.67% 20.92% 4.99% -37.64% -595% -87% -39% -157% -504% -5% #NUM! <-IRR #YR-> 10 Earnings CDN
Earnings Yield 2.7% -17.9% 9.3% 9.8% 4.6% 7.2% 6.1% 4.5% -85.5% -45.1% -15.3% 17.7% -32.14% <-IRR #YR-> 5 Earnings CDN
* ESP per share (Cdn GAAP) E/P 10 Yrs 5.35% 5Yrs -15.27%
$0.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.24
-$1.66 $0.00 $0.00 $0.00 $0.00 $0.24
Special Dividend $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
pre  98 splits *stopped
Div* CDN$ $0.08 $0.08 $0.08 $0.12 $0.12 $0.12 $0.12 $1.83 $0.60 $0.00 $0.00 $0.00 $0.00 $0.00 -100.00% <-Total Growth 10 Dividends CDN
Increase 0.00% 0.00% 0.00% 50.00% 0.00% 0.00% 0.00% 1425.00% -67.44% -100% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 8 Dividends CDN
Yield H/L Pr. 0.60% 1.15% 2.37% 1.54% 0.64% 0.51% 0.48% 7.12% 3.68% 0.00% 0.00% 0.00% 0.58% <-Median-> 10 Dividends CDN
Yield on High  Pr. 0.43% 0.71% 1.68% 1.12% 0.41% 0.41% 0.40% 6.08% 2.21% 0.00% 0.00% 0.00% 0.41% <-Median-> 10
Yield on Low Pr. 1.00% 3.13% 4.00% 2.46% 1.43% 0.68% 0.61% 8.59% 11.07% 0.00% 0.00% 0.00% 1.05% <-Median-> 10
Yield on Cl Pr. 0.68% 2.81% 1.74% 1.20% 0.42% 0.54% 0.44% 7.97% 9.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.49% <-Median-> 10 Dividends CDN
Payout Ratio 25.0% -15.7% 18.6% 12.2% 9.2% 7.6% 7.2% 176.5% -11.6% 0.0% 0.0% 0.0% 0.0% 0.0% 7.40% <-Median-> 10 DPR EPS CDN
Payout Ratio CF 3.4% 12.0% 4.1% 4.3% 1.3% 4.4% 2.3% 40.5% 13.5% 0.0% 0.0% 0.0% 0.0% 0.0% 3.22% <-Median-> 10 DPR CF
Payout Ratio CF NC 4.5% 7.6% 4.1% 4.5% 3.3% 1.9% 2.0% 39.8% 14.2% 0.0% 0.0% 0.0% 0.0% 0.0% 2.68% <-Median-> 10 DPR CF NC
Average 5 Yrs Yield H/L 2.26% 3.67% Payout -2.90% 23.82% #NUM! <-IRR #YR-> 10 Dividends CDN
* Dividends per share  #NUM! <-IRR #YR-> 5 Dividends CDN
-$0.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
-$0.12 $0.00 $0.00 $0.00 $0.00 $0.00
H/LYield held 5 yrs 1.62% 0.88% 0.54% 0.54% 0.58% 0.90% 1.73% 54.22% 7.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.56% <-Median-> 10 Dividends CDN
H/LYield held 10 yrs 2.43% 1.32% 12.26% 2.67% 0.00% 0.00% 0.00% 0.00% 0.00% 1.32% <-Median-> 7 Dividends CDN
Graham No. $7.21 $6.90 $8.39 $13.56 $16.18 $19.13 $20.36 $16.27 $2.54 $0.55 $0.55 $0.55 -91.96% <-Total Growth 10 Graham Price CDN
Prem /Disc.Med H/L 85.46% 0.43% -59.75% -42.36% 15.90% 22.62% 21.90% 58.00% 538.65% 644.33% 210.89% 284.78% 22.26% <-Median-> 10 Graham Price CDN
Prem/Disc to High 159.98% 63.77% -43.36% -20.71% 79.82% 52.88% 47.04% 85.02% 965.08% 1134.54% 395.62% 494.74% 71.79% <-Median-> 10 Graham Price CDN
Prem/Disc to Low 10.93% -62.90% -76.15% -64.01% -48.03% -7.65% -3.25% 30.99% 112.23% 154.12% 26.16% 74.82% -5.45% <-Median-> 10 Graham Price CDN
Prem/Disc to Cl 62.92% -58.70% -45.15% -26.24% 75.19% 15.67% 34.57% 41.07% 136.68% 173.94% 395.62% 143.30% 37.82% <-Median-> 10 Graham Price CDN
Price Cl $11.75 $2.85 $4.60 $10.00 $28.35 $22.13 $27.40 $22.95 $6.00 $1.52 $2.75 $1.35 $0.03 $0.03 -52.63% -99.35% <-Total Growth 10 Stock Price CDN
Increase -36.83% -75.74% 61.40% 117.39% 183.50% -21.94% 23.81% -16.24% -73.86% -74.67% 80.92% -50.91% -97.78% 0.00% -7.20% #NUM! <-IRR #YR-> 10 Stock Price CDN
P/E 36.72 -5.59 10.70 10.20 21.64 13.97 16.48 22.13 -1.17 -2.22 -6.55 5.64 -0.03 -0.03 -45.23% -73.50% <-IRR #YR-> 5 Stock Price CDN
Trailing P/E 16.79 8.91 -9.02 23.26 28.93 16.89 17.30 13.80 5.79 -0.30 -4.01 -3.21 0.13 -0.03 6.32% -8.73% <-IRR #YR-> 10 Price & Div CDN
Median 10, 5 Yrs D.  per yr #NUM! #NUM! % Tot Ret #NUM! #NUM! Price Inc -73.86% P/E:  7.92 -1.17 -42.96% #NUM! <-IRR #YR-> 5 Price & Div CDN
-$4.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.03
-$22.95 $0.00 $0.00 $0.00 $0.00 $0.03
-$4.60 $0.12 $0.12 $0.12 $0.12 $1.83 $0.60 $0.00 $0.00 $0.00 $0.03
-$22.95 $0.60 $0.00 $0.00 $0.00 $0.03
Price H/L Median $13.38 $6.93 $3.38 $7.82 $18.76 $23.46 $24.82 $25.71 $16.19 $4.13 $1.73 $2.14 $0.69 -69.19% -79.70% <-Total Growth 10 Stock Price CDN
Increase -34.91% -48.19% -51.30% 131.56% 139.99% 25.09% 5.80% 3.57% -37.02% -74.49% -58.23% 23.77% -67.92% -11.11% -14.74% <-IRR #YR-> 10 Stock Price CDN
P/E 41.80 -13.59 7.85 7.97 14.32 14.81 14.92 24.79 -3.16 -6.03 -4.11 8.92 -0.71 -38.78% -51.57% <-IRR #YR-> 5 Stock Price CDN
Trailing P/E 19.11 21.66 -6.62 18.17 19.14 17.91 15.67 15.46 15.61 -0.81 -2.52 -5.08 2.86 -3.91% 1.08% <-IRR #YR-> 10 Price & Div CDN
Median 10, 5 Yrs D.  per yr 15.82% 0.47% % Tot Ret 1461.85% -0.92% Price Inc -58.23% P/E:  8.45 -3.16 -36.37% -51.10% <-IRR #YR-> 5 Price & Div CDN
-$3.38 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.69
-$25.71 $0.00 $0.00 $0.00 $0.00 $0.69
-$3.38 $0.12 $0.12 $0.12 $0.12 $1.83 $0.60 $0.00 $0.00 $0.00 $0.69
-$25.71 $0.60 $0.00 $0.00 $0.00 $0.69
Hi Mths Mar Jul-Sep Mar Jun Apr Dec Jan Jan
Price Hi $18.75 $11.30 $4.75 $10.75 $29.10 $29.25 $29.94 $30.10 $27.00 $6.85 $2.75 $3.30 $1.35 -70.80% -71.58% <-Total Growth 10 Stock Price CDN
Increase -30.17% -39.73% -57.96% 126.32% 170.70% 0.52% 2.36% 0.53% -10.30% -74.63% -59.85% 20.00% -59.09% -11.58% -11.82% <-IRR #YR-> 10 Stock Price CDN
P/E 58.59 -22.16 11.05 10.97 22.21 18.47 18.00 29.03 -5.26 -9.99 -6.55 13.79 -1.40 -35.66% -46.25% <-IRR #YR-> 5 Stock Price CDN
Trailing P/E 26.79 35.31 -9.31 25.00 29.69 22.33 18.90 18.10 26.04 -1.34 -4.01 -7.86 5.64
Median 10, 5 Yrs Price Inc -59.09% P/E:  12.38 -5.26
-$4.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.35
-$30.10 $0.00 $0.00 $0.00 $0.00 $1.35
Low Mths Nov Jan-Mar Nov Nov Nov Mar Jul Oct
Price Low $8.00 $2.56 $2.00 $4.88 $8.41 $17.67 $19.70 $21.31 $5.38 $1.41 $0.70 $0.97 $0.02 -62.11% -99.00% <-Total Growth 10 Stock Price CDN
Increase -43.86% -68.00% -21.88% 144.00% 72.34% 110.11% 11.49% 8.17% -74.75% -73.79% -50.35% 38.57% -97.94% -9.25% -36.90% <-IRR #YR-> 10 Stock Price CDN
P/E 25.00 -5.02 4.65 4.98 6.42 11.16 11.85 20.55 -1.05 -2.06 -1.67 4.05 -0.02 -45.24% -75.20% <-IRR #YR-> 5 Stock Price CDN
Trailing P/E 11.43 8.00 -3.92 11.35 8.58 13.49 12.44 12.81 5.19 -0.27 -1.02 -2.31 0.08
Median 10, 5 Yrs Price Inc -73.79% P/E:  4.52 -1.05
-$2.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02
Market Cap $672 $157 $252 $552 $1,590 $1,257 $1,570 $1,339 $348 $84 $152 $75 $2 $2
Issu '12--> 373.17
# of Sh in M 57.229 54.937 54.837 55.197 56.075 56.803 57.30 58.36 58.00 55.22 55.30 55.27 65.14 65.14 Unitholders' Equity Shares
Increase -3.70% -4.01% -0.18% 0.66% 1.59% 1.30% 0.88% 1.84% -0.60% -4.80% 0.13% -0.04% 17.85% 0.00% 0.08% <-Average 10 Shares
CF fr Op $M USD $129.40 $257.34 $226.55 $259.39 $137.66 $302.58 $89.98 -$33.22 -$26.71 -30.46% <-Total Growth 7 Cash Flow USD
OPS USD $2.28 $4.49 $3.88 $4.47 $2.49 $5.47 $1.63 -$0.51 -$0.41 -28.54% <-Total Growth 7 Cash Flow USD
Non-cash $M USD $176.45 $35.38 $4.00 -$12.87 $58.84 -$133.23 -$133.23 $0.00 $0.00 USD
CF fr Op $M $136.200 $36.500 $105.887 $152.310 $537.166 $155.28 $299.29 $263.97 $256.30 $168.49 $317.75 $89.71 -$32.47 -$26.11 145.79% <-Total Growth 10 Cash Flow CDN
OPS $2.38 $0.66 $1.93 $2.76 $9.58 $2.73 $5.22 $4.52 $4.42 $3.05 $5.75 $1.62 -$0.50 -$0.40 144.29% <-Total Growth 10 Cash Flow CDN
Increase 53.24% -72.08% 190.63% 42.90% 247.15% -71.46% 91.06% -13.39% -2.32% -30.95% 88.33% -71.76% -130.72% -19.61% 9.34% <-IRR #YR-> 10 Cash Flow CDN
Non-Cash -$34.56 $21.11 $0.90 -$4.73 -$335.32 $211.74 $41.15 $4.66 -$12.72 $72.02 -$139.91 -$132.83 $0.00 $0.00 -20.84% <-IRR #YR-> 5 Cash Flow CDN
OPS Less Non-Cash $1.78 $1.05 $1.95 $2.67 $3.60 $6.46 $5.94 $4.60 $4.20 $4.36 $3.22 -$0.78 -$0.50 -$0.40 #NUM! <-IRR #YR-> 10 OPS Less N-C CDN
P/OCF on Close 6.62 2.72 2.36 3.74 7.88 3.42 4.61 4.99 1.43 0.35 0.86 -1.73 -0.06 -0.07 #NUM! <-IRR #YR-> 5 OPS Less N-C CDN
*Operational Cash Flow per share P/CF 10 yr 2.89 5 yr  0.86
-$0.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.62
-$5.22 $0.00 $0.00 $0.00 $0.00 $1.62
-$1.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.78
-$5.94 $0.00 $0.00 $0.00 $0.00 -$0.78
OPM 21.1% 5.6% 12.7% 17.3% 46.6% 6.4% 12.3% 11.7% 13.0% 7.2% 20.7% 8.1% should be zero, it is a check on calculations CDN
Diff from Ave 68.8% -55.2% 1.9% 38.7% 272.9% -48.9% -1.9% -6.6% 3.7% -42.0% 65.4% -35.1% 0.00 <-Median-> 10 OPM CDN
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 12.50% 5 Yrs 11.67%
Q3 2011
Curr Assets US$ $674.67 $779.27 $783.32 $773.30 $659.92 $460.27 $379.12 $241.60 Liq ratio of 1.5 and up, best Assets USD
Curr Liab. US$ $663.56 $632.47 $500.80 $654.30 $473.01 $367.77 $369.04 $326.03 1.23 <-Median-> 7 Liabilities USD
Liquidity USD 1.02 1.23 1.56 1.18 1.40 1.25 1.03 0.74 1.25 <-Median-> 5 Ratio USD
Curr port Lg Debt $131.53 $9.47
Liquidity USD 1.60 0.76
Curr Assets $547.53 $415.00 $391.62 $470.71 $947.24 $809.60 $906.29 $912.73 $764.10 $807.74 $483.34 $377.99 $236.16 Liq ratio of 1.5 and up, best Assets CDN
Curr Liab. $339.33 $319.41 $270.19 $284.61 $862.10 $796.27 $735.56 $583.53 $646.51 $578.97 $386.20 $367.93 $318.69 1.24 <-Median-> 10 Liabilities CDN
Liquidity 1.61 1.30 1.45 1.65 1.10 1.02 1.23 1.56 1.18 1.40 1.25 1.03 0.74 1.25 <-Median-> 5 Ratio CDN
Curr port Lg Debt $131.13 $9.25
Liquidity USD 1.60 0.76
Assets US$ $2,097.03 $2,013.94 $1,830.6 $1,443.7 $1,205.4 $784.7 $369.8 $478.6 A/L ratio of 1.5 and up, best Assets USD
Liab. US$ $1,610.84 $1,468.03 $1,262.5 $1,373.6 $1,202.9 $809.0 $373.7 $590.1 1.05 <-Median-> 7 Liabilities USD
Liquidity USD 1.30 1.37 1.45 1.05 1.00 0.97 0.99 0.81 1.00 <-Median-> 5 Ratio USD
Assets $842.9 $768.2 $735.4 $829.7 $2,662.8 $2,516.45 $2,342.21 $2,133.0 $1,426.5 $1,475.5 $824.0 $368.7 $467.8 A/L ratio of 1.5 and up, best Assets CDN
Liab. $429.43 $404.88 $336.79 $369.52 $2,164.56 $1,933.02 $1,707.32 $1,471.1 $1,357.3 $1,472.3 $849.5 $372.6 $576.8 1.27 <-Median-> 10 Liabilities CDN
Assets/Debt Ratio 1.96 1.90 2.18 2.25 1.23 1.30 1.37 1.45 1.05 1.00 0.97 0.99 0.81 1.00 <-Median-> 5 Ratio CDN
Book Value USD $280.61 $238.62 $250.28 $291.32 $385.49 $486.19 $545.91 $568.08 $70.07 $2.58 -$24.30 -$3.86 -$111.49 -101.62% <-Total Growth 10 Book Value USD
Book Value $413.42 $363.28 $398.60 $460.17 $498.21 $583.43 $634.89 $661.93 $69.24 $3.16 -$25.52 -$3.85 -$108.98 -101.06% <-Total Growth 10 Book Value CDN
BV per share $7.22 $6.61 $7.27 $8.34 $8.88 $10.27 $11.08 $11.34 $1.19 $0.06 -$0.46 -$0.07 -$1.67 -101.05% <-Total Growth 10 Book Value CDN
Change -3.10% -8.46% 9.92% 14.69% 6.57% 15.61% 7.87% 2.38% -89.48% -95.21% -907.00% -84.91% 2302.28% -9.2797 Current/Historical Book Value CDN
P/BV (CL) 1.63 0.43 0.63 1.20 3.19 2.15 2.47 2.02 5.03 26.58 -5.96 -19.38 -0.02 #NUM! <-IRR #YR-> 10 Book Value CDN
Change -34.81% -73.50% 46.83% 89.54% 166.02% -32.48% 14.78% -18.19% 148.44% 428.79% -122.42% 225.30% -99.91% #NUM! <-IRR #YR-> 5 Book Value CDN
Leverage (A/BK) 2.04 2.11 1.84 1.80 5.34 4.31 3.69 3.22 20.60 467.22 -32.29 -95.78 -4.29 3.46 <-Median-> 10 A/BV CDN
Debt/Equity Ratio 1.04 1.11 0.84 0.80 4.34 3.31 2.69 2.22 19.60 466.22 -33.29 -96.78 -5.29 2.46 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.09 5 yr Med 2.02
-$6.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.07
-$11.08 $0.00 $0.00 $0.00 $0.00 -$0.07
ROE 0.0% 0.0% 0.0% 104.5% -523.9% 0.00% <-Median-> 5 Compreh. Inc USD
Comprehensive Inc $0.00 $0.00 $0.00 -$25.39 $20.23 Compreh. Inc USD
ROE 0.0% 0.0% 0.0% 104.5% -523.9% 0.00% <-Median-> 5 Compreh. Inc CDN
Comprehensive Inc $0.00 $0.00 $0.00 -$26.66 $20.17 Compreh. Inc CDN
ROE 4.7% -7.7% 5.9% 11.8% 14.8% 15.6% 15.1% 9.1% n/a n/a n/a -344.6% Net Income/Shareholders' equity ROE CDN
5Yr Median 9.5% 9.0% 5.9% 5.9% 5.9% 11.8% 14.8% 14.8% n/a n/a n/a -167.8% ROE CDN
USD USD
Net Income $75.8 $82.4 $51.8 -$301.1 -$31.5 -$22.0 $13.3 #DIV/0! <-Total Growth 7 Net Income USD
Oper C. F. $129.4 $257.3 $226.5 $259.4 $137.7 $302.6 $90.0 C F Statement  Oper C. F. USD
Invest. C. F -$155.1 -$75.6 -$20.5 -$156.6 -$72.2 -$32.3 -$5.9 C F Statement  Invest. C. F USD
Assets $2,097.0 $2,013.9 $1,830.6 $1,443.7 $1,205.4 $784.7 $369.8 Balance Sheet Assets USD
Accruals Ratio 4.84% -4.93% -8.43% -27.98% -8.04% -37.25% -19.14% Ratio USD
Fin C. F. -$183.0 -$129.1 -$145.8 -$184.5 -$64.4 -$220.1 -$36.6 C F Statement  Fin. C. F
CDN CDN
Net Income $19.3 -$28.1 $23.7 $54.5 $73.9 $90.99 $95.86 $60.30 -$297.48 -$38.59 -$23.13 $13.27 -147.19% <-Total Growth 10 Net Income CDN
Oper C. F. $136.2 $36.5 $105.9 $152.3 $537.2 $155.28 $299.29 $263.97 $256.30 $168.49 $317.75 $89.71 <----- C F Statement  Oper C. F. CDN
Invest. C. F $10.4 -$76.9 -$56.1 -$83.0 -$1,642.1 -$186.12 -$87.95 -$23.86 -$154.70 -$88.41 -$33.89 -$5.89 C F Statement  Invest. C. F CDN
Total Accruals -$127.2 $12.3 -$26.1 -$14.9 $1,178.8 $121.8 -$115.5 -$179.8 -$399.1 -$118.7 -$307.0 -$70.6 Accruals CDN
Total Assets $842.9 $768.2 $735.4 $829.7 $2,662.8 $2,516.45 $2,342.21 $2,133.0 $1,426.5 $1,475.5 $824.0 $368.7 Balance Sheet Assets CDN
Accruals Ratio -15.09% 1.60% -3.55% -1.79% 44.27% 4.84% -4.93% -8.43% -27.98% -8.04% -37.25% -19.14% Ratio CDN
Chge in Cl -36.83% -75.74% 61.40% 117.39% 183.50% -21.94% 23.81% -16.24% -73.86% -74.67% 80.92% -50.91% Oper C. F. Covers Investing C.F. and dividends?
*got into fin difficulties
Fin C. F. -$36.42 -$138.86 -$84.18 $0.50 $1,289.49 -$219.63 -$150.11 -$169.85 -$182.34 -$78.80 -$231.15 -$36.48 C F Statement  Fin. C. F CDN
Total Accruals -$90.80 $151.19 $58.09 -$15.35 -$110.69 $341.46 $34.63 -$9.96 -$216.73 -$39.88 -$75.84 -$34.07 Accruals CDN
Accruals Ratio -10.77% 19.68% 7.90% -1.85% -4.16% 13.57% 1.48% -0.47% -15.19% -2.70% -9.20% -9.24% Ratio CDN
CF net $60.30 -$81.72 $1.05 $50.20 $47.48 USD
Foreign cur  etc $2.46 -$2.56 $3.89 -$1.47 -$5.16 USD
Inc/Dec in Cash $62.76 -$84.28 $4.94 $48.72 $42.33 USD
CF net $70.26 -$80.75 $1.29 $52.71 $47.34 CDN
Foreign cur  etc $2.87 -$2.53 $4.76 -$1.55 -$5.14 CDN
Inc/Dec in Cash $73.13 -$83.27 $6.05 $51.16 $42.20 <----- CDN
Cash at year end US$ $122.07 $164.40 USD
Cash CND $ $160.70
Jan 14, 2012.  Last estimates I got were for 2010 and 2011 of -$.36 and -$.70 for earnings and $1.24 and $.84 for CF.
Sep 22, 2010.  This current portion of long term debt is due May 2011 and the company has not been able yet to find refinancing. 
Company has lost Warner Home Video business, which was some 32% of its total business.
Sep 9, 2010.  In updating my spreadsheet for 2009 fin yr, I noticed that accounting has changed for 2008.  The most serious is BV has been changed from $16.78M to $2.58M. Not Good. In general, I do not 
change past account amts. I have done it here, but I have put the new amt into light purple.  They say it is due to understatement of income tax expense by 14.2M.
2007. This company suspended dividend payments in December 2007
2007.  I sold this in June 2007.  Return was 19% per year.  I sold it to buy Saputo, which I liked better.
I think that the company is turning itself around.  Stock is a keeper for now.
Investor Canada: Companies that will do well:  Cinram. They make video/audio cassettes, CD's and DVD's. They have about $127 million in cash and a pretty good business plan. 
 It's OK to hold a company that is in trouble, as long as they have the cash to get them through the tough times. 
AP 2006.  Did not make money on this last year, but IRR to date is 17%.  So this is ok.  A lot of trust affected by trust tax law changes. Not followed my Mike or TD.
However, FP card analyst give it a buy rating.  Keep for now. (Apr 28, 2006, company changed from a corporation to an Income Trust.)
AP 2005.  I think Company still looks good. FP 12 analyst say HOLD.  Perhaps because stock price is high because of conversion to Unit Trust.  I made IRR of 22% since buying in Feb 2000. Hold for now.
AP 2005.   I think the problem is that people feel that digital downloads will replace CD and DVD.  Also, it is not certain which blue ray sytem will be the winner in the contest between HD DVD and Blu-ray systems.
AP 2004.  They started with US currency in 2004 year end.  Conversion was with, mostly, weighted average rates. They also changed to US GAAP from CDN GAAP - 
AP 2004.  The Accrual Ratio of last yr show that 2004 should be worse.  Price has come down a bit. Still think I will hold.  Liquity ratio is not great. 
AP 2004.  With using USD over last 10 years, price increase is higher than in CDN$  Both Revenue and earnings are increasing.  It is a keeper for now.
How they make their money.
Cinram has facilities in North America and Europe.  It manufactures and distributes pre-recorded DVDs, Blu-ray Discs, audio CDs, CD-ROMs and digital content for 
motion picture studios, music labels, publishers and computer software companies around the world. Cinram also provides distribution and logistics services to the 
telecommunications industry in North America through its wireless subsidiaries. The Cinram group of companies now also incorporates 1K Studios, a digital media firm based in Los Angeles.
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.
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