SHAWCOR LTD. $36 (Toronto symbol SCL.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.6 million; Market cap: $2.5 billion; Price-to-sales ratio: 2.1; Dividend yield: 1.1%; TSINetwork Rating: Average; www.shawcor.com) has won a contract from Pemex, Mexico’s state-owned oil company, to coat an underwater pipeline in the Gulf of Mexico.
The order is worth $40 million U.S., which is equal to 3% of the company’s annual revenue of $1.2 billion (Canadian). ShawCor will begin working on this project in the third quarter of 2012.
ShawCor is a buy.