Updating SAPUTO INC., ANDREW PELLER LTD. and CANADIAN PACIFIC RAILWAY LTD.

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SAPUTO INC. $56 (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 194.8 million; Market cap: $10.9 billion; Price-to-sales ratio: 1.3; Dividend yield: 1.7%; TSINetwork Rating: Average; www.saputo.com) now owns 87.92% of Warrnambool Cheese and Butter Factory, an Australian producer of milk, cheese, butter and other dairy products. Saputo recently launched a takeover offer for 100% of this company, but Japanese beverage maker Kirin Holdings decided to hang on to its 10% stake. Meanwhile, Warrnambool reported that its earnings jumped 102.0% in the first half of its current fiscal year from the same period a year earlier. That’s mainly because China is importing more dairy products to meet rising domestic demand. Saputo trades at a somewhat high 18.8 times the $2.98 a share it will probably earn in the year ending March 31, 2014. Saputo is a hold. ANDREW PELLER LTD. $14 (Toronto symbol ADW.A; Income Portfolio, Consumer sector; Shares outstanding: 14.3 million; Market cap: $200.2 million; Price-to-sales ratio:…