Updating Our Current Recommendations for Arbor Memorial Services Inc., IGM Financial Inc., Metro Inc. and CGI Group Inc.

Article Excerpt

ARBOR MEMORIAL SERVICES INC. $19 (Toronto symbol ABO.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 10.7 million; Market cap: $203.3 million; Price-to-sales ratio: 0.9; SI Rating: Average) owns 41 cemeteries, 26 crematoria, four reception centres for memorial services and 87 funeral homes in eight provinces. In its fiscal year ended October 26, 2008, earnings rose 10.0%, to $19.7 million, or $1.84 a share, from $17.9 million, or $1.69 a share, in the prior year. If you disregard unusual items, earnings would have grown 2.7%. Revenue increased 3.2%, to $236.6 million from $229.3 million. Arbor Memorial Services is a buy. IGM FINANCIAL INC. $34 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 262.4 million; Market cap: $8.9 billion; Price-to-sales ratio: 3.1; SI Rating: Above Average) reported that its assets under management fell 16.8%, to $97.8 billion as of January 31, 2009 from $117.6 billion a year earlier. The drop was largely caused by falling stock markets, plus $27.3 million in net…

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