SHAWCOR LTD. $43 - Toronto symbol SCL.A

SHAWCOR LTD. $43 (Toronto symbol SCL.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.2 million; Market cap: $3.0 billion; Price-to-sales ratio: 2.4; Dividend yield: 0.9%; TSINetwork Rating: Average; www.shawcor.com) jumped over 20% in early September after it announced that it will conduct a strategic review of its operations. This could lead to a sale of the company.

ShawCor makes sealants and coatings that keep oil and natural gas pipelines from rusting. It also manufactures industrial products, such as electrical wire and protective sheaths.

However, there is no deadline for this review, so any takeover offer could still be months away.

ShawCor is now a hold.

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