| Break Out Stocks Q2 2005 Review |
Once again we are conducting our quarterly review and re-evaluating the stocks on our Watched List to see if we want to keep following them.
We sometimes err in our recommendations and sometimes circumstances change and a stock that had been behaving well starts to head south.
We're also looking for ways to improve our selection and culling criteria and you'll find a review of our previous paring jobs elsewhere. For this effort we are following much the same plan, dropping stocks that meet all three of the following three criteria:
And we are dropping any stocks we've had for over a year that have failed to grow by 25% or have had for two years and have failed to grow by 50%. We are making exceptions for stocks that are in a current up trend or are growing earnings.
The table below gives the complete picture. We are dropping five stocks that we believe have either run their course or are going nowhere. They are Axcan Pharma, Calian Technologies, Cinram, Ketch Resources Trust, and Westjet. There are a few that are just marginal keepers in our list but we're not ready to write them off yet. This includes Killam Properties which is narrowing its losses, building up a sizeable portfolio of properties and looks poised to move higher soon.
It should be noted, of course, that we are dropping them from our Watched List doesn't necessarily mean they are poor stocks. We've dropped stocks before only to see them catch fire and soar subsequently. It just means that I no longer consider the upside odds very good. I may add one or more back in at a later date.
Note: T = turnaround from loss to profit, L means the company had a loss in the most recent quarter, * means quarterly earnings per share not available.
|
Name |
Symbol |
Date |
Price |
Change |
Change |
Change |
June RS Change |
Recent Trend |
QEPS Change |
Status |
|
Home Capital Group |
HCG |
Nov. 20/00 |
$3.00 |
8.40% |
16.83% |
1117.00% |
+1.07 | h | +34.5% | Keep |
|
Peyto Energy Trust |
PEY.UN |
Feb. 22/02 |
$2.58 |
13.15% |
22.31% |
1035.92% |
+1.20 | h | +45.3% | Keep |
|
Reitmans (Canada) |
RET.A |
July 6/01 |
$2.53 |
26.33% |
21.47% |
586.22% |
-3.58 | h | +47.4% | Keep |
|
Alimentation Couche-Tard |
ATD.SV.B |
Dec. 4/00 |
$2.88 |
6.61% |
5.41% |
550.78% |
+0.29 | h | +90.0% | Keep |
|
TransForce Income Fund |
TIF.UN |
Jan. 18/02 |
$3.11 |
2.65% |
9.52% |
436.33% |
-2.97 | g | +50.0% | Keep |
|
Zargon Oil & Gas |
ZAR.UN |
Jan. 29/01 |
$4.70 |
2.08% |
5.07% |
433.19% |
+2.31 | h | +6.7% | Keep |
|
Canada Bread Co. |
CBY |
May 18/01 |
$13.00 |
0.40% |
17.00% |
323.00% |
+0.03 | h | -2.1% | Keep |
|
SNC-Lavalin Group |
SNC |
Mar. 23/01 |
$16.25 |
-1.85% |
18.28% |
322.15% |
-1.93 | g | +27.0% | Keep |
|
Contrans Income Fund |
CSS.UN |
Oct. 12/01 |
$3.63 |
-10.58% |
1.85% |
293.66% |
-9.40 | i | 0.0% | Keep |
|
Stantec Inc. |
STN |
Apr. 20/01 |
$8.25 |
2.23% |
12.73% |
261.82% |
off list | h | +16.7% | Keep |
|
Melcor Developments |
MRD |
Mar. 2/01 |
$20.30 |
10.51% |
39.22% |
249.75% |
-0.68 | h | -3.4% | Keep |
|
Richelieu Hardware |
RCH |
Dec. 4/00 |
$7.00 |
-9.96% |
2.46% |
221.57% |
off list | i | +10.3% | Keep |
|
Calian Technology |
CTY |
Oct. 1/02 |
$3.85 |
-9.19% |
-18.22% |
218.18% |
off list | i | -43.2% | Drop |
|
CCS Income Fund |
CCR.UN |
May 18/03 |
$10.15 |
4.28% |
32.03% |
185.86% |
+0.51 | g | +48.6% | Keep |
|
Niko Resources |
NKO |
Nov. 17/02 |
$22.20 |
-7.61% |
14.31% |
159.86% |
-2.58 | h | +530.0% | Keep |
|
Goldcorp Inc. |
G |
May 25/01 |
$7.83 |
13.05% |
7.92% |
148.91% |
new | h | +22.2% | Keep |
|
Trican Well Service |
TCW |
Apr. 18/04 |
$12.16 |
15.85% |
35.88% |
147.63% |
-1.29 | h | +50.4% | Keep |
|
AlarmForce |
AF |
Sept. 21/03 |
$1.92 |
4.49% |
30.99% |
142.19% |
new | g | -1.9% | Keep |
|
CML Healthcare Income Fund |
CLC.UN |
Apr. 12/02 |
$5.85 |
1.84% |
3.75% |
136.75% |
new | h | +66.7% | Keep |
|
GSW Inc. |
GSW.B |
May 16/04 |
$34.73 |
60.00% |
73.33% |
124.59% |
+4.31 | h | +58.0% | Keep |
|
Finning International |
FTT |
May 11/01 |
$16.40 |
9.95% |
3.32% |
120.43% |
off list | h | +40.0% | Keep |
|
Steeplejack Industrial Group |
SID |
Jan. 18/04 |
$2.95 |
51.25% |
51.63% |
105.08% |
new | h | L | Keep |
|
Fortis Inc. |
FTS |
Mar. 16/01 |
$38.00 |
8.87% |
11.84% |
104.55% |
+3.51 | h | +29.5% | Keep |
|
BMTC Group |
GBT.SV.A |
Aug. 20/02 |
$6.98 |
-3.92% |
6.22% |
93.41% |
new | h | -33.3% | Keep |
|
RONA Inc. |
RON |
Nov. 16/03 |
$12.78 |
4.36% |
20.98% |
93.19% |
-1.09 | g | +20.0% | Keep |
|
TSX Group |
X |
Jan. 18/04 |
$22.50 |
16.55% |
36.00% |
62.27% |
+8.12 | h | +15.8% | Keep |
|
ZCL Composites |
ZCL |
June 20/04 |
$2.05 |
9.43% |
-4.97% |
58.54% |
-4.70 | g | +133.3% | Keep |
|
Cameco Corp. |
CCO |
Nov. 19/04 |
$36.87 |
2.02% |
30.27% |
48.22% |
-1.44 | h | -31.8% | Keep |
|
Chartwell Technology |
CWH |
Dec. 17/04 |
$5.60 |
-8.57% |
19.40% |
42.86% |
-2.28 | i | -16.7% | Keep |
|
Pason Systems |
PSI |
May 16/04 |
$15.00 |
12.55% |
15.14% |
42.00% |
-0.17 | h | +25.0% | Keep |
|
La Senza |
LSZ.SV |
April 17/05 |
$14.65 |
23.89% |
23.89% |
23.89% |
+2.86 | h | T | Keep |
|
McCoy Brothers |
MCB |
May 15/05 |
$4.65 |
20.43% |
20.43% |
20.43% |
+0.05 | h | +400.0% | Keep |
|
Big Rock Brewery Income Trust |
BR.UN |
Oct. 15/04 |
$16.05 |
5.21% |
3.17% |
15.70% |
+0.61 | g | -29.2% | Keep |
|
Killam Properties |
KMP |
Jan. 18/04 |
$2.36 |
2.26% |
32.68% |
15.25% |
-5.82 | g | L | Keep |
|
CIBC |
CM |
Feb. 15/04 |
$66.15 |
3.31% |
4.93% |
14.57% |
off list | h | -9.8% | Keep |
|
easyhome |
EH |
Dec. 17/04 |
$12.93 |
2.84% |
14.48% |
12.12% |
-0.60 | g | +8.7% | Keep |
|
Kingsway Financial Services |
KFS |
July 20/03 |
$18.60 |
11.29% |
9.47% |
11.83% |
-4.79 | h | +49.1% | Keep |
|
BlackRock Ventures |
BVI |
Jan. 16/05 |
$8.92 |
-6.63% |
10.54% |
10.54% |
new | h | 0.0% | Keep |
|
Le Chateau |
CTU.SV.A |
June 19/05 |
$39.06 |
10.06% |
10.06% |
10.06% |
+1.92 | h | +90.0% | Keep |
|
Sherritt International |
S |
Nov. 19/04 |
$8.66 |
-5.96% |
-6.34% |
7.51% |
-1.92 | h | -19.2% | Keep |
|
Falconbridge Ltd. |
FL |
Mar. 14/04 |
$34.75 |
-14.03% |
19.97% |
7.37% |
off list | g | +19.8% | Keep |
|
Ketch Resources Trust |
KER.UN |
July 18/04 |
$10.96 |
-13.64% |
-32.86% |
4.01% |
off list | i | -69.2% | Drop |
|
Xceed Mortgage Corporation |
XMC |
Jan. 16/05 |
$5.05 |
4.00% |
2.97% |
2.97% |
off list | h | +57.1% | Keep |
|
Great Canadian Gaming |
GCD |
Mar. 20/05 |
$19.32 |
1.77% |
1.45% |
1.45% |
-2.64 | h | +50.0% | Keep |
|
Draxis Health |
DAX |
Feb. 15/04 |
$6.05 |
-2.72% |
2.18% |
0.66% |
off list | g | +100.0% | Keep |
|
Savannah Energy Services |
SVY |
Feb. 20/05 |
$19.35 |
1.74% |
0.00% |
0.00% |
+0.92 | h | +50.0% | Keep |
|
Ainsworth Lumber Co. |
ANS |
Aug. 15/04 |
$30.40 |
-7.86% |
20.00% |
-2.11% |
off list | g | T | Keep |
|
Potash Corporation |
POT |
June 19/05 |
$119.85 |
-2.42% |
-2.42% |
-2.42% |
-1.48 | h | +144.7% | Keep |
|
Research In Motion |
RIM |
Sept. 19/04 |
$94.82 |
-2.74% |
-8.72% |
-4.90% |
-0.15 | g | +139.3% | Keep |
|
Centurion Energy |
CUX |
Ja. 16/05 |
$14.45 |
-12.92% |
-7.20% |
-7.20% |
-0.15 | h | +166.7% | Keep |
|
Cinram |
CRW |
Aug. 17/03 |
$25.83 |
-8.45% |
6.19% |
-9.02% |
off list | i | -73.1% | Drop |
|
Cryptologic |
CRY |
May 15/05 |
$42.05 |
-12.32% |
-12.32% |
-12.32% |
-5.27 | g | +21.4% | Keep |
|
Calfrac Well Services |
CFW |
Mar. 20/05 |
$36.75 |
-4.88% |
-15.65% |
-15.65% |
-1.98 | g | +34.1% | Keep |
|
Mad Catz Interactive |
MCZ |
Feb. 20/05 |
$1.72 |
-31.16% |
-20.35% |
-20.35% |
-3.92 | i | +100.0% | Keep |
|
Axcan Pharma |
AXP |
June 20/04 |
$27.43 |
-8.59% |
-19.97% |
-32.08% |
off list | g | -50.0% | Drop |
|
Westjet Airlines |
WJA |
Jan. 18/04 |
$20.97 |
-12.78% |
13.84% |
-34.91% |
off list | i | L | Drop |
|
174.85% |
612.38% |
7883.34% |
||||||||
|
3.12% |
10.94% |
140.77% |
Dropped (with YTD and Total Gain in brackets) are Axcan Pharma (-19.97%, -32.08%), Calian Technology (-18.22%, 218.18%), Cinram (+6.19%, -9.02%), Ketch Resources Trust (-32.86%, +4.01%), Westjet (+13.84%, -34.91%)
Dropped in Q1 were Cott Corporation (-0.98%, +43.37%), Zenon Environmental (-10.49%, -2.60%), Coolbrands International (-1.68%, -12.68%), QLT Inc. (-19.45%, -31.34%)
The information in this table was derived using the Portfolio Tracking feature at globeinvestor.com