NORDION INC. $6.98 - Toronto symbol NDN

NORDION INC. $6.98 (Toronto symbol NDN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 61.9 million; Market cap: $432.1 million; Price-to-sales ratio: 1.8; No dividends paid since July 2012; TSINetwork Rating: Extra Risk; www.nordion.com) has agreed to settle a lawsuit related to problems at its Montreal drug-testing lab, which the company sold in 2010.

Nordion will pay $22.5 million U.S. That’s equal to 46% of the $48.7 million U.S., or $0.79 U.S. a share, that it earned in the year ended October 31, 2012.

Nordion is still a hold.

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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