Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, November 6, 2009

Article Excerpt

DOREL INDUSTRIES, $33.04, symbol DII.B on Toronto, reports that its revenue fell 6.1 % in the three months ended September 30, 2009, to $518.5 million from $552.2 million a year earlier. (All figures except share price in U.S. dollars.). The slower economy was the main reason for the revenue drop. As well, a stronger U.S. dollar hurt the value of Dorel’s foreign sales. Despite the lower revenue, earnings rose 11.0%, to $0.91 a share from $0.82 a year earlier on falling raw-material costs. Dorel has also been cutting its expenses. The company makes a wide range of products, including bicycles, ready-to assemble home and office furniture; juvenile products, such as car seats, strollers, high chairs, toddler beds and cribs (including Eddie Bauer and Disney Baby licensed products); home furnishings, including chairs, tables, bunk beds, futons and step stools; and recreational products. Dorel’s shares have more than doubled since March. But the stock trades at just 11.7 times the $2.82 a share that…

The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.

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