THE CHURCHILL CORP. $8.16 - Toronto symbol CUQ

THE CHURCHILL CORP. $8.16 (Toronto symbol CUQ; TSINetwork Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 24.4 million; Market cap: $199.1 million; Dividend yield: 5.9%) is down 32% from mid-July after it reported a $0.17-a-share loss in the quarter ended June 30, 2012.

The loss is mainly the result of project delays. Higher-than-expected rainfall slowed work on its Calgary Airport runway project and a housing development in Saskatoon. As well, construction of Winnipeg’s new football stadium was stalled because subcontractors failed to deliver steel structures on time.

Despite this setback, Churchill’s long-term prospects remain sound. Meanwhile, its dividend, which yields a high 5.9%, looks safe.

Churchill is still a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.