Beverages market in Canada and USA

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taglich brothers inc the standard of excellence in microcap market member nasd sipc please view our disclaimer located on page 15 405 lexington avenue 51st floor new york ny 10174 800 383 8464 fax 631 757 1333 www taglichbrothers com research report update investors should consider this as only a single factor making their investment decision leading brands rating speculative buy howard halpern lbix 0 96 nasdaqsc october 31 2005 fy 02 04 05 06 e net sales millions 40 8 33 6 36 1 earnings loss per share 03 47 3 46 12 01 52 week range 75 71 fiscal year ends february shares outstanding 9 30 075 million revenue ttm 2 22 trading float 11 700 price 43x insiders 375 2006 40x tangible book value o 08 60 nmf 60x includes pre tax gain 696 related to contract settlement we estimate excluding