Break Out Stocks 2006 Q1 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're dropping Killam Properties and Great Canadian Gaming.

It should be noted, of course, that because 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
Featured
Price
Then
Change
Q4
Change
YTD
Change
Since
Profiled
March
RS
Change
Recent
Trend
QEPS
Change
Status

Home Capital Group

HCG

Nov. 20/00

$3.00

0.43%

0.43%

1063.33%

off list i +35.10% Keep

Peyto Energy Trust

PEY.UN

Feb. 22/02

$2.58

3.07%

3.07%

916.31%

off list h T Keep

Melcor Developments

MRD

Mar. 2/01

$20.30

51.90%

51.90%

786.70%

+0.14 h +60.44% Keep

Alimentation Couche-Tard

ATD.SV.B

Dec. 4/00

$2.88

8.55%

8.55%

783.48%

+3.99 h +44.44% Keep

Reitmans (Canada)

RET.A

July 6/01

$2.53

16.17%

16.17%

686.17%

-0.14 h +27.78% Keep

TransForce Income Fund

TIF.UN

Jan. 18/02

$3.02

14.24%

14.24%

545.36%

off list g +39.39% Keep

Zargon Energy Trust

ZAR.UN

Jan. 29/01

$4.70

-5.51%

-5.51%

538.30%

off list g +211.76% Keep

SNC-Lavalin Group

SNC

Mar. 23/01

$5.42

25.40%

25.40%

488.38%

-8.61 g +26.67% Keep

Stantec Inc.

STN

Apr. 20/01

$8.25

8.55%

8.55%

423.03%

-3.03 g -30.77% Keep

Canada Bread Co.

CBY

May 18/01

$13.00

-2.12%

-2.12%

344.23%

off list h -1.33% Keep

Trican Well Service

TCW

Apr. 18/04

$12.16

-4.91%

-4.91%

337.79%

-0.87 h +95.35% Keep

Goldcorp Inc.

G

May 25/01

$7.83

31.93%

31.93%

336.40%

-1.68 h +237.5% Keep

CCS Income Fund

CCR.UN

May 18/03

$10.15

-0.41%

-0.41%

263.23%

-10.59 g +46.81% Keep

Contrans Income Fund

CSS.UN

Oct. 12/01

$3.63

-11.81%

-11.81%

241.60%

off list i 0.00% Keep

GSW Inc.

GSW.SV.B

May 16/04

$34.73

3.38%

3.38%

230.41%

-1.98 g +215.18% Drop

Richelieu Hardware

RCH

Dec. 4/00

$7.00

-7.72%

-7.72%

212.43%

off list g +9.52% Keep

BMTC Group

GBT.SV.A

Aug. 20/02

$6.98

18.75%

18.75%

172.40%

new h -14.29% Keep

Niko Resources

NKO

Nov. 17/02

$22.20

6.85%

6.85%

165.77%

off list h -72.50% Keep

Steepleback Industrial Group

SID

Jan. 18/04

$2.95

6.34%

6.34%

155.93%

-3.42 h +100.00% Keep

CML Healthcare Income Fund

CLC.UN

Apr. 12/02

$5.85

1.46%

1.46%

149.74%

off list g -21.43% Keep

AlarmForce

AF

Sept. 21/03

$1.92

15.19%

15.19%

136.98%

off list h 0.00% Keep

Fortis Inc.

FTS

Mar. 16/01

$9.50

-7.58%

-7.58%

136.11%

off list i 0.00% Keep

Finning International

FTT

May 11/01

$16.40

3.93%

3.93%

135.37%

off list h +73.91% Keep

TSX Group

X

Jan. 18/04

$22.50

12.15%

12.15%

133.42%

-2.07 h +48.15% Keep

Cameco Corp.

CCO

Nov. 19/04

$18.44

13.84%

13.84%

127.83%

-3.61 g +109.52% Keep

Pason Systems

PSI

May 16/04

$15.00

8.24%

8.24%

108.53%

-3.22 g +50.00% Keep

Falconbridge Ltd.

FAL.LV

Mar. 14/04

$19.63

18.46%

18.46%

108.20%

-3.47 h +57.45% Keep

Garda World Security

GW

Aug. 21/05

$12.15

54.96%

54.96%

92.84%

+0.05 h +38.89% Keep

Western Lakota Energy Services

WLE

July 17/05

$9.45

3.69%

3.69%

90.48%

-0.05 g +111.11% Keep

Xceed Mortgage Corporation

XMC

Jan. 16/05

$5.05

49.21%

49.21%

86.14%

-3.94 g +54.55% Keep

ZCL Composites

ZCL

June 20/04

$2.05

-1.06%

-1.06%

82.93%

off list g 0.00% Keep

RONA Inc.

RON

Nov. 16/03

$12.78

3.92%

3.92%

74.48%

off list h +23.08% Keep

Aur Resources

AUR

Oct. 16/05

$8.57

25.89%

25.89%

73.05%

-0.58 g +22.22% Keep

BlackRock Ventures

BVI

Jan. 16/05

$8.92

21.30%

21.30%

56.39%

new h +300.00% Keep

March Networks

MN

Nov. 20/05

$22.50

5.94%

5.94%

52.22%

off list i +40.91% Keep

Sino-Forest Corporation

TRE

Dec. 18/05

$4.40

32.59%

32.59%

48.86%

+2.16 h +33.33% Keep

Savannah Energy Services

SVY

Feb. 20/05

$19.35

-2.10%

-2.10%

44.70%

+1.16 h +60.71% Keep

Le Chateau

CTU.SV.A

June 19/05

$39.06

17.24%

17.24%

44.01%

+1.45 h +19.32% Keep

Pareto Corp.

PTO

Aug. 21/05

$1.13

16.79%

16.79%

41.59%

-2.89 h +33.33% Keep

La Senza

LSZ.SV

April 17/05

$14.65

7.11%

7.11%

38.91%

-6.89 h +64.00% Keep

McCoy

MCB

May 15/05

$4.65

1.59%

1.59%

37.63%

-8.47 g -16.67% Keep

Gildan Activewear

GIL

Sept. 18/05

$42.01

10.48%

10.48%

31.49%

-2.70 g +92.86% Keep

Teck Cominco

TEK.SV.B

Dec. 18/05

$57.75

21.10%

21.10%

30.11%

-3.18 h +76.06% Keep

Kingsway Financial Services

KFS

July 20/03

$18.60

0.85%

0.85%

27.42%

off list g +15.63% Keep

Royal Gold

RGL

Sept. 18/05

$33.50

4.77%

4.77%

26.54%

+0.20 h 0.00% Keep

easyhome

EH

Dec. 17/04

$12.93

3.48%

3.48%

26.42%

off list g 0.00% Keep

Killam Properties

KMP

Jan. 18/04

$2.36

3.13%

3.13%

25.85%

off list g L Drop

Sherritt International

S

Nov. 19/04

$8.66

5.45%

5.45%

22.98%

off list h +60.00% Keep

Stella-Jones Inc.

SJ

Feb. 19/06

$15.75

17.46%

17.46%

17.46%

+0.43 h +125.00% Keep

Ensign Energy Services

ESI

Nov. 20/05

$40.24

-4.31%

-4.31%

11.58%

+2.02 h +58.33% Keep

Big Rock Brewery Income Trust

BR.UN

Oct. 15/04

$16.05

-11.35%

-11.35%

6.54%

off list g +31.82% Keep

Intrawest Corporation

ITW

Mar. 19/06

$37.58

6.12%

6.12%

6.12%

-1.16 h T Keep

Research In Motion

RIM

Sept. 19/04

$94.82

28.85%

28.85%

4.29%

off list h T Keep

Aber Diamonds

ABZ

Jan. 15/06

$46.77

0.51%

0.51%

0.51%

off list g -49.02% Keep

Centurion Energy

CUX

Jan. 16/05

$14.45

26.22%

26.22%

-1.38%

off list h +30.77% Keep

Ritchie Brothers

RBA

Mar. 19/06

$59.30

-2.53%

-2.53%

-2.53%

-1.88 h +24.24% Keep

FirstService Corporation

FSV.SV

Feb. 19/06

$29.50

-3.46%

-3.46%

-3.46%

off list g +14.29% Keep

Calfrac Well Services

CFW

Mar. 20/05

$36.75

-15.61%

-15.61%

-7.46%

off list i +17.19% Keep

Potash  Corporation

POT

June 19/05

$119.85

10.42%

10.42%

-14.23%

off list g +23.86% Keep

Cryptologic

CRY

May 15/05

$42.05

31.96%

31.96%

-28.42%

off list h +59.26% Keep

Great Canadian Gaming

GCD

Mar. 20/05

$19.32

-23.44%

-23.44%

-35.09%

off list i L Drop

 Aggregate Gain

 

 

 

575.92%

575.92%

10736.41%

       

 Average Gain

 

 

 

9.44%

9.44%

176.01%

       

 

 

 

Name Symbol Date
Featured
Price
Then
Change
Q4
Change
YTD
Change
Since
Profiled
Dec.
RS
Change
Recent
Trend
QEPS
Change
Status

Home Capital Group

HCG

Nov. 20/00

$3.00

-7.33%

11.20%

1058.33%

off list i +36.36% Keep

Peyto Energy Trust

PEY.UN

Feb. 22/02

$2.58

-16.62%

6.17%

886.02%

off list h +58.33% Keep

Alimentation Couche-Tard

ATD.SV.B

Dec. 4/00

$2.88

13.59%

31.83%

713.91%

new h +42.11% Keep

Reitmans (Canada)

RET.A

July 6/01

$2.53

1.42%

19.79%

576.74%

off list g +8.00% Keep

Zargon Oil & Gas

ZAR.UN

Jan. 29/01

$4.70

-8.63%

33.12%

575.53%

-1.55 h +39.29% Keep

Melcor Developments

MRD

Mar. 2/01

$20.30

16.18%

132.35%

483.74%

-0.23 h +361.24% Keep

TransForce Income Fund

TIF.UN

Jan. 18/02

$3.02

4.53%

15.66%

464.90%

off list h +164.71% Keep

Stantec Inc.

STN

Apr. 20/01

$8.25

10.42%

50.11%

381.82%

-3.47 h +45.45% Keep

SNC-Lavalin Group

SNC

Mar. 23/01

$16.25

1.58%

31.55%

369.54%

-1.71 g -7.02% Keep

Trican Well Service

TCW

Apr. 18/04

$12.16

32.36%

152.63%

360.40%

-0.29 h +342.86% Keep

Canada Bread Co.

CBY

May 18/01

$13.00

16.85%

25.53%

353.85%

-11.95 h +23.29% Keep

Contrans Income Fund

CSS.UN

Oct. 12/01

$3.63

1.01%

0.21%

287.33%

off list h +41.18% Keep

CCS Income Fund

CCR.UN

May 18/03

$10.15

19.43%

68.45%

264.71%

-2.70 h +108.70% Keep

Richelieu Hardware

RCH

Dec. 4/00

$7.00

7.73%

7.87%

238.57%

off list h 0.0% Keep

Goldcorp Inc.

G

May 25/01

$7.83

11.16%

43.41%

230.78%

+2.66 h +200.0% Keep

GSW Inc.

GSW.B

May 16/04

$34.73

30.59%

146.67%

219.61%

+0.54 h +165.66% Keep

Fortis Inc.

FTS

Mar. 16/01

$9.50

0.68%

39.68%

155.47%

-5.45 g +32.00% Keep

Niko Resources

NKO

Nov. 17/02

$22.20

8.27%

9.41%

148.74%

off list h -42.11% Keep

CML Healthcare Income Fund

CLC.UN

Apr. 12/02

$5.85

-2.83%

7.87%

146.15%

off list h 0.00% Keep

Steepleback Industrial Group

SID

Jan. 18/04

$2.95

5.97%

77.94%

140.68%

-1.92 h L Keep

BMTC Group

GBT.SV.A

Aug. 20/02

$6.98

14.29%

25.98%

129.39%

-2.24 h +6.98% Keep

Finning International

FTT

May 11/01

$16.40

-7.24%

6.14%

126.46%

off list i -10.00% Keep

TSX Group

X

Jan. 18/04

$22.50

16.17%

74.45%

108.13%

+1.77 h +82.61% Keep

AlarmForce

AF

Sept. 21/03

$1.92

-2.47%

11.27%

105.73%

off list h 0.00% Keep

Cameco Corp.

CCO

Nov. 19/04

$36.87

18.98%

75.90%

100.14%

-0.51 h +48.28% Keep

Pason Systems

PSI

May 16/04

$15.00

6.33%

56.22%

92.67%

+1.53 h +80.00% Keep

ZCL Composites

ZCL

June 20/04

$2.05

26.33%

10.82%

84.88%

off list h -42.86% Keep

Western Lakota Energy Services

WLE

July 17/05

$9.45

24.00%

83.70%

83.70%

-0.49 h +85.71% Keep

Falconbridge Ltd.

FAL.LV

Mar. 14/04

$19.63

11.04%

96.36%

75.75%

-2.07 h +47.37% Keep

RONA Inc.

RON

Nov. 16/03

$12.78

-6.58%

5.15%

67.91%

off list i +21.05% Keep

Savannah Energy Services

SVY

Feb. 20/05

$19.35

4.11%

47.80%

47.80%

-1.58 h +52.94% Keep

March Networks

MN

Nov. 20/05

$22.50

43.69%

43.69%

43.69%

n/a h +114.29% Keep

Aur Resources

AUR

Oct. 16/05

$8.57

37.46%

37.46%

37.46%

+1.18 h +50.0% Keep

McCoy

MCB

May 15/05

$4.65

0.80%

35.48%

35.48%

+0.05 g +300.00% Keep

La Senza

LSZ.SV

April 17/05

$14.65

-4.76%

29.69%

29.69%

-4.54 g T Keep

BlackRock Ventures

BVI

Jan. 16/05

$8.92

11.11%

28.92%

28.92%

+4.54 h +150.00% Keep

Kingsway Financial Services

KFS

July 20/03

$18.60

12.71%

23.68%

26.34%

-0.82 h +22.22% Keep

Xceed Mortgage Corporation

XMC

Jan. 16/05

$5.05

-15.32%

24.75%

24.75%

-5.36 i +81.25% Keep

Garda World Security

GW

Aug. 21/05

$12.15

35.12%

24.44%

24.44%

-2.26 h +44.44% Keep

Le Chateau

CTU.SV.A

June 19/05

$39.06

-1.86%

22.84%

22.84%

-1.15 g +12.50% Keep

easyhome

EH

Dec. 17/04

$12.93

-3.07%

24.74%

22.17%

+0.98 g -43.90% Keep

Killam Properties

KMP

Jan. 18/04

$2.36

6.67%

40.49%

22.03%

-4.96 h +19.23% Keep

Pareto Corp.

PTO

Aug. 21/05

$1.13

9.60%

21.24%

21.24%

off list g 0.00% Keep

Royal Gold

RGL

Sept. 18/05

$33.50

39.52%

20.78%

20.78%

+6.52 h +16.67% Keep

Big Rock Brewery Income Trust

BR.UN

Oct. 15/04

$16.05

11.63%

7.17%

20.19%

off list h +19.35% Keep

Gildan Activewear

GIL

Sept. 18/05

$42.01

12.84%

19.02%

19.02%

-0.14 h +29.55% Keep

Sherritt International

S

Nov. 19/04

$8.66

-7.76%

1.61%

16.63%

off list h -35.00% Keep

Ensign Energy Services

ESI

Nov. 20/05

$40.24

16.60%

16.60%

16.60%

+0.45 h +65.22% Keep

Sino-Forest Corporation

TRE

Dec. 18/05

$4.40

12.27%

12.27%

12.27%

+8.97 h +118.18% Keep

Calfrac Well Services

CFW

Mar. 20/05

$36.75

1.90%

9.66%

9.66%

-0.80 h +2.94% Keep

Teck Cominco

TEK.SV.B

Dec. 18/05

$57.75

7.45%

7.45%

7.45%

+2.40 h +222.58% Keep

Great Canadian Gaming

GCD

Mar. 20/05

$19.32

-7.72%

-15.22%

-15.22%

off list h +22.22% Keep

Research In Motion

RIM

Sept. 19/04

$94.82

-3.22%

-22.30%

-19.06%

off list g +32.61% Keep

Ainsworth Lumber Co.

ANS

Aug. 15/04

$30.40

-20.17%

-3.43%

-21.22%

off list i -34.23% Drop

Centurion Energy

CUX

Jan. 16/05

$14.45

-13.88%

-21.87%

-21.87%

off list h +13.33% Keep

Potash  Corporation

POT

June 19/05

$119.85

-14.07%

-22.32%

-22.32%

off list g +72.06% Keep

Cryptologic

CRY

May 15/05

$42.05

12.09%

-45.76%

-45.76%

off list h +71.43% Keep

 Average Gain