Updating Arbor Memorial Services, RioCan Real Estate Investment Trust, Torstar Corp., and CGI Group Inc.

Article Excerpt

ARBOR MEMORIAL SERVICES INC. $27 (Toronto symbol ABO.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 10.7 million; Market cap: $288.9 million; SI Rating: Average) owns 41 cemeteries, 27 crematoria, four reception centres located on cemetery premises and 90 funeral homes in eight provinces. In its second fiscal quarter ended April 30, 2008, Arbor earned $0.60 a share, down 9.1% from $0.66 a year earlier. Revenue fell 1.5%, to $58.4 million from $59.3 million. Arbor is a buy for aggressive investors. RIOCAN REAL ESTATE INVESTMENT TRUST $21 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 212.0 million; Market cap: $4.5 billion; SI Rating: Average) has formed a second joint venture with U.S.-based real estate developer Kimco Realty Corp. This new 50-50 partnership has agreed to buy 10 retail shopping centres in central and eastern Canada. RioCan will manage these properties. RioCan’s share of the $156 million cost is $78 million. That’s equal to 2.6 times the $30.3 million or $0.14…

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