Following up earlier advice

The Investment Reporter
November 26, 2004

Buy Buhler: On The Back Page, we recommend you buy Buhler Industries Inc. $7.00 (TSX: BUI). It has generated consistent profits from manufacturing agricultural equipment in 10 modern factories and shipping it from seven distribution centers. What’s more, the company has increased its dividend 12 years in a row. Buhler faces three major challenges this year; the fallout from Mad Cow disease, record-high steel prices and low U.S. dollars (which turns U.S. dollar sales into fewer loonies). Even so, the company expects to earn 51 to 53 cents in fiscal 2004. That’s close to the 51 cents a share Buhler earned last year. The increase in earnings reflects a six-cent-a-share gain on the sale of assets. Adjusting for this, we expect the firm to earn about 47 cents a share. Buy Buhler Industries for long-term gains and rising dividends.