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Top pick Linamar Corp. is trading cheaply despite delivering higher sales and profits.
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H.B. Fuller Company’s consistent dividend growth and rising earnings offer a sound total‑return profile versus many industrial and chemical peers.
Top pick North West Company offers a 3.1% yield as a defensive retailer with entrenched remote markets.
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L BRANDS INC. $79 (www.lb.com) owns several home and apparel retail chains, including the Victoria’s Secret lingerie stores. As part of a new strategy, it will reorganize this business into three divisions: Victoria’s Secret Lingerie, Pink (aimed at younger shoppers), and Victoria’s Secret Beauty....
NEWMONT MINING CORP. $32 (www.newmont.com) earned $0.34 a share in the first quarter of 2016, down 26.1% from $0.46 a year earlier. Higher gold and copper production pushed up its operating costs and offset a 3.0% rise in revenue, to $2.03 billion from $1.97 billion....
In the 1980s, the Vancouver Stock Exchange was a world centre for trading speculative stocks. I used to advise buying some Vancouver stocks that seemed like they had a chance of success, and recommend selling or avoiding others. I noted a recurring pattern: when I advised selling a stock, the company hardly ever responded in any way. Assuming they knew about the sell recommendation, it seemed they just wanted to avoid any unfavourable attention. The rare exceptions were companies that were particularly successful in promoting their stock, but seemed to have the least likelihood of success as a business. Rather than ignoring our sell advice, promoters of these successful-promotions/doomed business ventures would send incredibly long, detailed, indignant letters. They would insist that I explain how I came to such a ridiculous conclusion, and demand a retraction. Sometimes I would print an update or clarification about the company’s business. But I never did find reason to change any of these recommendations. So I’d add at the end of the piece, “We still think it’s a sell.”...
A: Daktronics Inc., $8.30, symbol DAKT on Nasdaq (Shares outstanding: 44.0 million; Market cap: $365.0 million; www.daktronics.com), is one of the world’s leading suppliers of electronic scoreboards, large electronic display systems and digital messaging systems. Its products range from small scoreboards that cost less than $1,000 to large custom displays that sell for over $40 million. Customers include stadiums, arenas and numerous U.S. state transportation departments. Daktronics’s sales rose 39.4%, from $441.7 million in 2011 to $615.9 million in 2015 (fiscal years ended April 30). Even so, the company’s profit is erratic. Due to higher research spending, its earnings fell from $0.34 a share (or a total of $14.2 million) in 2011 to $0.20 a share (or $8.5 million) in 2012. Earnings turned around in 2013 to $0.53 a share (or $22.8 million), but fell to $0.51 a share (or $22.2 million) in 2014. They dropped again in 2015, to $0.47 a share (or $20.9 million)....