For Comparison Only!    Expressed as %



$

Risk
Est Cash Distributions ACFFO - Distributable
CFFO - Cash Flow


Estimated % Payout
     Trust    Name  
Symbol Entertainment Units 0S                  Entertainment                          Date    
Analyst
Target 


2005
2006
2007 2008 2009 2010
2007 2008 2009 2010 2011  2007
2008 2009 2010 2011 D/CF
    Debt   2007 2008 2009 2010 2011


ART In Motion
ART In Motion - purchase by Clarke Inc




AIM.un







 Cineplex Galaxy

 Cineplex Galaxy





CGX.un





SEDAR
Globe& Mail
X-Dates
 Insider Trades

CGX.un




63 M

CDs
131 theatres and 1321 screens operating under the Cineplex Odeon, Galaxy and
Famous Players
~65% market share

Aug 14/09
BMO
$17.00


$1.15
$1.15
$1.18
$1.26
$1.31


$1.72
$1.85
$2.25
$2.39

FCF=
$1.79
$1.93
$2.16

2.3x







Nov 10/09
CIBC
$18.00
OP

$1.15
$1.15
$1.18
$1.24
$1.26
$1.26


$1.86
$2.09
$2.13







$298 M

67
60
59


Oct 01/09
RBC
$20.00
OP
Avg

$1.15
$1.18
$1.24
$1.28
$1.32






1.68A
1.89A
2.13A
2.32A









Nov 11/09 Scotia
$20.00
OP
High
$1.15
$1.15
$1.18
$1.24
$1.26
$1.26

$1.67
$1.79
$2.17
$2.30

$1.76
$1.95
$2.35
$2.42




67
55
52


Oct 20/08 TDW
$18.50
X
Med
$1.15
$1.15
$1.18
$1.24
$1.26


$1.72
$1.76
$1.87

















Cinram International
Cinram International




CRW.un





SEDAR
Globe& Mail
X-Dates
Insider Trades

CRW.un

E-Mail

Index?

57 M
The world's largest independent provider of prerecorded multimedia products.
DVDs, VHS tapes, CDs, Cassettes
Very Seasonal
A - AFFO, * - EPS
Aug 11/08
C.Accord
$ 6.35



























Nov 12/09
RBC
$ 2.00

AA

$3.25
$3.03 $0.00 $0.00







-4.13A
1.01A
1.07A
1.32A


$491 M
-62
0
0



Nov 12
NA
$ 1.50

























































For Comparison Only!    Expressed as %



$
Risk
Est Cash Distributions ACFFO - Distributable
CFFO - Cash Flow


Estimated % Payout
     Trust    Name  
Symbol Entertainment Units 0S                  Entertainment                          Date    
Analyst
Target 


2005
2006
2007 2008 2009 2010
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 D/CF
    Debt   2007 2008 2009 2010 2011


Entertainment One 29.6 M
Entertainment One bought out




EOF.un







Gamehost Income
Gamehost Income




GH.un







GateWay Casinos
New World Gaming Partners




GCI.un







Golf  Town
Golf  Town - Buy Out by Omers




GLF.un







Madacy Entertainment
Madacy Ent- Buy out by Clarke




MEG.un







Movie Distribution 39.5 M
Movie Distribution




FLM.un





For Comparison Only!    Expressed as %



$
Risk
Est Cash Distributions ACFFO - Distributable
CFFO - Cash Flow


Estimated % Payout
     Trust    Name  
Symbol Entertainment Units 0S     Entertainment  
     Date    
Analyst
Target


2005
2006
2007 2008 2009 2010
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 D/CF
    Debt   2007 2008 2009 2010 2011


Pollard Banknote
Pollard Banknote




PBL.un






SEDAR

Globe& Mail
X-Dates
 Insider Trades
PBL.un


23.5 M

0 CDs
Lottery Tickets etc.
Products & Srv's throughout the world
70% of sales in U.S.
A - AFFO



























































































Mar 05/09
TDW
$ 7.00
X
High
$0.95
$0.95
$0.95
$0.95
$0.95
$0.95

$0.78
$0.82
$0.97
$1.02






2.3x
$73 M
122
116
98
93




Rainmaker Income
Rainmaker Income




RNK.un Converted back to a Corp







Somerset Entertainment
Somerset Ent 




SOM.un






SEDAR

Globe& Mail
X-Dates
 Insider Trades

17.8 M

0 CDs
 music sold through non-traditional retailers using 16,600  interactive displays.   (25% held by founders)
Aug - Nov: Best sales period
May 07/08
BMO
$ 3.50


$0.76
$0.83
$0.60
$0.60



$0.86
$0.85
$0.86







0.3x
$8.9 M
69
69
70












$0.20




















Aug 07/08
News




























Aug 17/07
RBC
$ 3.00

Spec

$0.83
$0.60
$0.60








0.73A
0.69A













ACS Media 20 M
AYP.un   Yellow Pages in Alaska




SOLD Caribe Acquisition Holdings







CanWest MediaWorks 213 M
CWM.un CanWest MediaWorks










For Comparison Only!    Expressed as %



$
Risk
Est Cash Distributions ACFFO - Distributable
CFFO - Cash Flow


Estimated % Payout
     Trust    Name  
Symbol Media
Units 0S    Media
     Date    
Analyst
Target


2005
2006
2007 2008 2009 2010
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 D/CF
    Debt   2007 2008 2009 2010 2011


FP Newspapers
FP Newspapers




FP.un






SEDAR

Globe& Mail
X-Dates
 Insider Trades
FP.un
E-Mail


14.1 M
the Winnipeg Free Press and the Brandon Sun May 07/08 BMO $13.00

$1.29
$1.29
$1.29
$1.29
$1.29


$1.61
$1.53
$1.51








$49 M
80
84
85

































Nov 09/09
NA
$ 5.25
UP


























Oct 20/08 TDW
$12.00

X
$1.29
$1.29
$1.29
$1.29
$1.29


$1.61
$1.52
$1.54







1.9x
$49 M
80
85
84





Osprey Media

Osprey Media bought by Quebecor Media




OSP.un







Yellow Pages
Yellow Pages




YLO.un






SEDAR
Globe& Mail
X-Dates
 Insider Trades

YLO.un

E-Mail
INDEX

610 M

0 CDs
Yellow pages Phone Directory
Auto Trader magazine

Should stay as a trust until Jan, 2011
Aug 07/09
BMO $ 5.25




$1.09
$1.14
$0.95
$0.80

$1.22
$1.39
$1.30
$1.29














Nov 04/09
CIBC
$ 6.50 OP

$0.96
$1.03
$1.10
$1.14
$0.92
"

$1.32
$1.43
$1.40
$1.41







$3.1 B
83
80
66
57


Sep 29/09
C.Accord
$ 9.00
BY


























Nov 05/09
NA
$ 5.50



























Nov 05/09
RBC
$ 7.00
OP
Avg
$0.96
$1.02
$1.09
$1.14
$0.92
$0.80






1.32A
1.43A
1.39A










Nov 05/09 Scotia
$ 5.75

Med





$0.80

$1.32
$1.43
$1.39
$1.35
$1.06
$1.30
$1.29
$1.40
$1.37
$1.13
2.9x
=2010
83
80
67
59
75

Nov 05/09 TDW
$ 6.00
SB
Med
$0.96
$1.03
$1.09
$1.17
"
"

$1.32
$1.44
$1.39
$1.42






3.4x
$3.1 B
83
80
64
56


For Comparison Only!    Expressed as %



$
Risk
Est Cash Distributions ACFFO - Distributable
CFFO - Cash Flow


Estimated % Payout
     Trust    Name  
Symbol Media
Units 0S   Media
     Date    
Analyst
Target


2005
2006
2007 2008 2009 2010
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 D/CF
    Debt   2007 2008 2009 2010 2011
NOTE: A RED colored # indicates the value has been lowered and GREEN indicates it is raised

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Special Thanks to:
 www.GlobeInvestor.com
 www.Yahoo.com
 BMO Nesbitt Burns
 CanAccord Cap
 Canadian Insider
 CIBC WG
 RBC Capital Markets
 Raymond James
 Scotia Cap TD Waterhouse
 1st Associates
The information contained on this site is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it do I assume any liability. This information is given as of the date appearing on the report and I/We assume no obligation to update the information or advise on further developments relating to these securities.