Ice cream alliance is off to good start

Article Excerpt

TIM HORTONS INC. $32 (Toronto symbol THI; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 180.7 million; Market cap: $5.8 billion; Price-to-sales ratio: 2.7; SI Rating: Average) will start selling ice cream at six more of its Canadian coffee-and-donut stores following strong initial demand at six test outlets in southern Ontario. The U.S.-based Cold Stone Creamery ice-cream parlour chain supplies the ice cream. Tim Hortons gets most of its traffic in the morning, so offering ice cream should help it boost sales later in the day. As well, Cold Stone is reporting strong sales of Tim Hortons’ products in its U.S. stores. Tim Hortons is a buy. buy…