CANADA BREAD CO. LTD. $44 - Toronto symbol

CANADA BREAD CO. LTD. $44 (www.canadabread.ca) reported that its sales fell 0.3% in the three months ended June 30, 2012, to $404.9 million from $406.2 million a year earlier. That’s mainly because it closed an older bakery in Toronto as part of a restructuring plan. Earnings per share rose 12.4%, to $1.09 from $0.97. However, Maple Leaf Foods continues to hold 90.0% of Canada Bread’s shares. That hurts the stock’s liquidity. Hold.

Jim is an associate editor at TSI Network. He is the lead reporter and analyst for The Successful Investor and Wall Street Stock Forecaster and a member of the Investment Planning Committee. Jim has held the Chartered Financial Analyst designation since 1992 and spent more than a decade at the Financial Post DataGroup before joining TSI Network. He has a Bachelor of Commerce degree from the University of Toronto.