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LIMITED BRANDS INC. $26 (New York symbol LTD; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 400.0 million; Market cap: $10.4 billion; WSSF Rating: Average) operates around 3,800 stores in three main groups: apparel (The Limited, Express and Henri Bendel); lingerie (Victoria’s Secret and La Senza); and personal care products (Bath & Body Works and White Barn Candle Co.). In the past few years, most of the company’s growth has come from its specialty operations. In fact, these businesses now account for 80% of the company’s sales, while traditional apparel provides the other 20%. The company recently reorganized its apparel operations to focus on younger shoppers. This strategy seems to be working. In its first fiscal quarter ended May 5, 2007, same-store sales at the apparel chains rose 5% compared with just a 1% gain in the year-earlier quarter. Same-store sales rose 2% at Victoria’s Secret (compared with an 8% gain a year earlier), and 5% at Bath & Body Works (compared with a 4% gain a year earlier)....

JONES APPAREL GROUP INC. $30 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 108.9 million; Market cap: $3.3 billion; WSSF Rating: Average) designs clothing, accessories and footwear under several brands, including Jones New York, Gloria Vanderbilt and Nine West. Jones is also suffering from the Federated merger and the growth of private label clothing in most big department stores. In the first quarter of 2007, profits before unusual items fell 24.2%, to $0.50 a share from $0.66 a year earlier. Sales crept up to $1.25 billion from $1.22 billion, due to an extra week in the most recent quarter....

LIZ CLAIBORNE INC. $34 (New York symbol LIZ; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 104.5 million; Market cap: $3.6 billion; WSSF Rating: Average) designs and markets a wide variety of clothing and accessories for men and women. The company sells most of its products through department stores. However, the recent merger of Federated Department Stores and May Department Stores has hurt its sales. Many retailers are also selling more private label apparel, which has hurt demand for Liz Claiborne’s national brands. Weakness in its wholesale business forced Liz Claiborne to mark down certain products to cut inventories. Consequently, profits in the first quarter of 2007 fell 63.3%, to $0.22 a share from $0.60 a year earlier. These figures exclude unusual items. Sales fell 1.7%, to $1.15 billion from $1.17 billion. The lower profits spooked investors, and the stock fell 20%. It now trades at 17.4 times the $1.95 a share that it should earn in 2007. The $0.225 dividend seems safe, and yields 0.7%....

MOODY’S CORP. $72 (New York symbol MCO; Conservative Growth Portfolio, Finance sector; Shares outstanding: 273.8 million; Market cap: $19.7 billion; WSSF Rating: Average) provides credit ratings on securities issued by over 200,000 corporations and government agencies in 100 countries. Moody’s revenue doubled, from $1.0 billion in 2002 to $2.0 billion in 2006. Revenue should reach $2.3 billion in 2007....

THE DUN & BRADSTREET CORP. $97 (New York symbol DNB; Conservative Growth Portfolio, Finance sector; Shares outstanding: 59.4 million; Market cap: $5.8 billion; WSSF Rating: Average) provides credit reports and other information on 100 million companies in over 200 countries. Its clients use its products to make lending and buying decisions. Revenues increased slowly, from $1.3 billion in 2002 to $1.5 billion in 2006. But thanks to a successful restructuring plan, profits before unusual items rose at a compound annual rate of 16.6%, from $2.15 a share (total $164.9 million) in 2002 to $3.97 a share ($258.4 million). The company aims to save a further $65 million in 2007. Another factor in the company’s strong growth is the spread of the Internet. Dun & Bradstreet is making more of its information available to clients over the Internet, which improves the timeliness of data and cuts its distribution costs....

TRIMBLE NAVIGATION $29.68 (Nasdaq symbol TRMB; SI Rating: Speculative) (408-481-6914; www.trimble.com; Shares outstanding: 119.5 million; Market cap: $3.5 billion) (adjusted for a 2-for-1 split in February, 2007) makes GPS devices and technology for four main markets: 1) Engineering and construction is the biggest contributor to revenue for Trimble, at 68% of revenues. This segment includes a joint venture with Caterpillar Inc. 2) Agriculture GPS products (15% of sales) let farmers cut costs and increase yields by, say, precisely plowing, seeding or fertilizing fields, even at night....

IMPERIAL OIL LTD. $43 (Toronto symbol IMO; Conservative Growth Portfolio, Resources sector; Shares outstanding: 939.6 million; Market cap: $40.4 billion; SI Rating: Average) is Canada’s largest integrated oil company, with major producing properties in Western Canada. It also operates nearly 2,000 retail gas stations under the “Esso” banner. ExxonMobil Corp. owns 69.6% of the stock. In the first three months of 2007, Imperial’s profits grew 37.3%, to $0.81 a share (total $774 million) from $0.59 a share ($591 million) a year earlier. If you exclude a gain on the sale of an asset, income in the latest quarter rose 25.4%, to $0.74 a share, mostly due to higher oil production and prices. Cash flow per share rose 8.9%, to $0.98 from $0.90, while revenue crept up to $5.9 billion from $5.8 billion. A fire at Imperial’s refinery in Nanticoke, Ontario cut its output in the first quarter. But the shortage pushed up retail gas prices in Ontario, which helped offset the lost production....

PETRO-CANADA $51 (Toronto symbol PCA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 495.8 million; Market cap: $25.3 billion; SI Rating: Average) is Canada’s secondlargest integrated oil company after Imperial Oil. The company operates several properties in Western Canada as well as offshore platforms near Newfoundland. It also operates refineries and over 1,300 retail gas stations. Canada accounts for roughly 90% of Petro-Canada’s revenue. Internationally, the company owns or participates in projects in the North Sea, Libya, and Trinidad and Tobago. In the three months ended March 31, 2007, Petro-Canada earned $1.17 a share before unusual items, up 23.2% from $0.95 a year earlier....

ENCANA CORP. $62 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 761.3 million; Market cap: $47.2 billion; SI Rating: Average) is one of North America’s largest producers of natural gas (80% of total production) and oil (20%). In the past few years, EnCana has sold most of its conventional properties to focus on what it calls “key resource plays”, including oil sands and early-stage gas developments. These assets cost more to develop, at least initially, but should last much longer than its older properties. Another project EnCana has high hopes for is the Deep Panuke offshore gas field near Nova Scotia. The company has received tentative regulatory approval for its plan, and aims to begin operations in 2010....

TRANSCONTINENTAL INC. $22 (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 85.8 million; Market cap: $1.9 billion; SI Rating: Average) is the largest commercial printing firm in Canada, and the sixth largest in North America. The company gets about half of its revenue from its marketing division, which prints catalogues, flyers and other advertising materials. Transcontinental also helps its advertisers develop strategies, and analyze customer data for trends. Other types of printing, such as newspapers, books and magazines, accounts for 30% of its revenue. The remaining 20% of revenue comes from its media division. Transcontinental publishes over 150 local and weekly newspapers in Atlantic Canada, Quebec, Ontario and Saskatchewan, as well as over 40 consumer interest magazines, including Canadian Living and The Hockey News....

PENN WEST ENERGY TRUST $33.70 (Toronto symbol PWT.UN; SI Rating: Speculative) is one of the largest conventional oil and gas trusts in North America. It operates in Saskatchewan, Alberta and British Columbia. In the three months ended December 31, 2006, Penn West’s revenues rose 4.3%, to $578.5 million from $554.5 million. Cash flow per unit fell 39.4%, to $1.23 from $2.03. Penn West’s average daily production in the fourth quarter of 2006 was 129,915 barrels of oil per day equivalent, weighted 55% toward oil and 45% toward natural gas. Its average realized price for oil was $57.43 U.S. and $6.97 U.S. for natural gas....

SHININGBANK ENERGY INCOME FUND $14.13 (Toronto symbol SHN.UN; SI Rating: Speculative) focuses on natural gas production in west-central Alberta. Shiningbank’s revenues fell 25.5% in the three months ended December 31, 2006, to $107.7 million from $144.5 million a year earlier. Cash flow per unit fell 55.1%, to $0.62 from $1.38. Shiningbank’s debt is 45% of shareholders’ equity. Shiningbank’s average daily production of 25,710 barrels of oil equivalent is weighted 24% toward oil and liquids and 76% natural gas. In the latest quarter, the company’s average realized price for oil was $56.22 U.S. and $7.19 U.S. for gas....

PENGROWTH ENERGY TRUST $19.26 (Toronto symbol PGF.B; SI Rating: Average) produces oil and gas in western Canada, as well as offshore Nova Scotia. In the three months ended December 31, 2006, Pengrowth’s revenue fell slightly, to $350.9 million from $353.9 million. However, cash flow per unit fell 45.8%, to $0.64 from $1.18. Pengrowth’s average daily production of 77,614 barrels of oil equivalent is weighted 50% toward oil and liquids and 50% natural gas. In the latest quarter, the company’s average realized price for oil was $60.35 U.S. and $7.12 U.S. for natural gas....

MTS SYSTEMS CORP. $39 (Nasdaq symbol MTSC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 17.7 million; Market cap: $690.3 million; WSSF Rating: Average) makes equipment and software that carmakers and other manufacturers use to test the mechanical behavior of materials, machines and structures. That helps them cut costs, and comply with new emission and safety regulations. In its second fiscal quarter ended March 31, 2007, MTS earned $0.56 a share, down 3.5% from $0.50 a year earlier. Revenue fell 1.1%, to $101.8 million from $102.9 million. Favorable foreign currency rates added $3.4 million to its latest quarterly sales. MTS is doing a good job expanding its overseas operations, which now account for two-thirds of its revenue. That cuts its exposure to the struggling North American automotive industry....

BRIGGS & STRATTON CORP. $29 (New York symbol BGG; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 49.4 million; Market cap: $1.4 billion; WSSF Rating: Above average) is the world’s largest maker of engines for lawnmowers. This business accounts for about two-thirds of its sales and profits. The remainder comes from other home and garden products, including pressure washers and snow blowers. Demand for labor-saving devices like these should grow as the population ages. Severe storms like those that hit the Midwest last winter should also spur sales of Briggs’ power generators. In its third fiscal quarter ended March 31, 2007, profits fell 87.1%, to $0.15 a share (total $7.8 million) from $1.16 a share ($60.0 million) a year earlier. However, the latest quarterly earnings included a $0.42 a share writedown. Sales fell 10.4%, to $717.1 million from $800.2 million. Large retailers such as Home Depot have cut pre-orders of generators since they built up their inventories last year. Unusually cold spring weather has also forced retailers to delay orders for seasonal goods like lawnmowers....

SNAP-ON INC. $55 (New York symbol SNA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 58.6 million; Market cap: $3.2 billion; WSSF Rating: Average) makes tools and diagnostic equipment for mechanics. The company distributes its products directly to garages through a fleet of dealer vans. Similar to Tupperware’s model, this method keeps Snap-On’s distribution costs down. Mechanics prefer it since it cuts the time to buy new tools. In November 2006, Snap-On paid $527 million for the Business Solutions division of ProQuest Co. This business helps car dealers electronically access information about auto parts, warranties and service bulletins. It also helps them manage their inventory and billing systems....

GENUINE PARTS CO. $50 (New York symbol GPC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 170.5 million; Market cap: $8.5 billion; WSSF Rating: Average) makes and distributes automotive replacement parts to over 4,800 independent outlets in North America. The company also owns 1,100 stores that operate under the NAPA banner. It also distributes industrial parts, electrical supplies and office equipment. The company earned $2.76 a share in 2006, up 10.4% from $2.50 a share in 2005. Revenue rose 7.1%, to $10.5 billion from $9.8 billion. Auto parts account for roughly half of Genuine Parts’ sales. Higher gas prices forced car owners to drive less in 2006, which hurt demand for parts....

THE TUPPERWARE BRANDS CORP. $26 (New York symbol TUP; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 61.1 million; Market cap: $1.6 billion; WSSF Rating: Above average) makes high-quality products for the home and kitchen, including plastic food and beverage containers and children’s educational toys. The company also makes a wide range of beauty products, including cosmetics, bath oils and fragrances. Major brands include Tupperware, Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde. Unlike most manufacturers of consumer products, Tupperware prefers to sell its products through independent dealers instead of traditional stores. These dealers hold “Tupperware parties” in homes, offices and other locations to demonstrate products and take orders for merchandise. Parties also give dealers an opportunity to recruit new dealers, and make it easier to expand sales in less-developed countries with few retail stores or distribution networks. Tupperware parties may seem old-fashioned, but Tupperware’s revenue grew at a compounded annual rate of 11.5%, from $1.1 billion in 2002 to $1.7 billion in 2006. Profits before unusual items fell from $1.30 a share (total $76.2 million) in 2002 to $0.82 a share ($47.9 million) in 2003, as the company ended a relationship with Target Stores. Profits improved steadily to $1.54 a share ($94.2 million) in 2006....

TAHERA DIAMOND CORP. $0.88 (Toronto symbol TAH; SI Rating: Speculative) (1-877- 777-2004; www.tahera.com; Shares outstanding: 209.8 million; Market cap: $184.6 million) has sold 22.5 million units at $1.00 per unit to raise $22.5 million. Each unit is made up of one Tahera share, and one-half of a share purchase warrant. Each whole warrant is exercisable at $1.00 over the next two years. Tahera completed its Jericho mine in Nunavut last year at a cost of $116 million, but production suffered due to operating difficulties and the early melting of the ice road last winter. The road is holding up this year, however, and the company expects to meet its target of shipping 520 loads of fuel, explosives and other supplies. Tahera is also using its technical support agreement with Teck Cominco, which owns 16% of Tahera, to utilize Teck’s mining expertise and boost output. Tiffany & Co. purchases and markets all of the diamond production from Jericho....

STORNOWAY DIAMOND CORP. $1.03 (Toronto symbol SWY; SI Rating: Start-up) (1-888-338-2200; www.sornowaydiamonds.com; Shares outstanding: 200.2 million; Market cap: $206.2 million) recently completed the acquisition of TSE-listed Ashton Mining for $117 million. In a separate transaction, it also acquired all of the outstanding shares of TSE-listed Contact Diamond for $19 million. The new combined diamond-exploration company holds cash of $37 million. It also holds interests in a number of projects, including a 50% interest in the Renard diamond project in Quebec, the Aviat, Qilalugaq, and Churchill areas of Nunavut, the Buffalo Hills area in Alberta and the Timiskaming area of Ontario and Quebec. TSE-listed Agnico-Eagle holds a 14% interest in the combined company. Stornoway is now undertaking advanced exploration work on the Foxtrot kimberlite at the Renard project in Quebec. This project was the key asset acquired in the Ashton Mining purchase. This advanced work to determine the economic potential of the project includes a 10,000-tonne bulk sample that will go through separation and then diamond recovery at Stornoway’s lab in North Vancouver....

DIAMONDS NORTH RESOURCES $0.93 (Toronto symbol DDN; SI Rating: Start-up) (1-866-802- 2010; www.diamondsnorthresources.com; Shares outstanding: 50.9 million; Market cap: $47.3 million) has interests in 12 projects covering over 10 million exploration acres in Nunavut and the Northwest Territories. Its prospects range from early to advanced-stage exploration. Diamonds North’s leading prospect is its 100%- held Amuruk project in Nunavut. To date, the company has discovered five kimberlites, of which drilling on two has produced microdiamonds and some macrodiamonds. Diamonds North is now conducting bulk samples on the property to test for a higher-percentage of more commercially viable macro-diamonds. The company is also at an advanced stage with its Hepburn project in the Northwest Territories, where it has identified over 200 kimberlite drilling targets. Diamonds North’s other active project is on Banks Island in the Northwest Territories, where airborne surveys have identified a number of anomalies that the company believes are kimberlite pipes. De Beers Canada is active in the area....

SHORE GOLD $5.86 (Toronto symbol SGF; SI Rating: Start-up) (306-664-2202; www.shoregold.com; Shares outstanding: 177.2 million; Market cap: $1.0 billion) owns 100% of the Star diamond project in the Fort a la Corne area of northern Saskatchewan, an area that hosts one of the most extensive kimberlite fields in the world. The Star project contains a diamond-bearing kimberlite, estimated in the 500 million tonne range. Bulk sampling has already returned high carat-grades of diamonds. Kimberlites are cone-shaped pipes, comprised of a mixture of magma (molten rock) and rock that is carried by volcanic activity to the surface of the earth from depths greater than 150 kilometers. Diamonds form at those depths, under a mixture of extreme pressure and high temperatures. Kimberlites may also pick up diamonds along the way — and sometimes in quantities large enough to justify a diamond mine. Shore Gold also holds 60% of the Fort a la Corne Joint Venture. Fort a la Corne (which consists of a number of drill-confirmed kimberlite bodies and macrodiamond findings) does not include Shore Gold’s main Star Diamond project. After acquiring 100% of the project last year, Shore Gold sold a 40% interest to Newmont Mining for $170.4 million. Newmont already holds a 9.9% interest in Shore Gold’s common shares....

SHAWCOR LTD. $29 (Toronto symbol SCL.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 74.0 million; Market cap: $2.1 billion; SI Rating: Average) makes coatings that protect oil and natural gas pipelines from corrosion. The company also inspects and repairs pipelines, and makes drilling equipment. In 2006, income from continuing operations rose 13.6%, to $1.25 a share (total $92.9 million) from $1.10 a share ($82.8 million) a year earlier. If you disregard an unusual tax recovery in 2005, income would have grown 44%. Most of the gain came from new, more profitable pipeline coating contracts and ongoing cost controls. Cash flow per share rose 7.3%, to $1.90 from $1.77. Revenue grew 5.0%, to $1.06 billion from $1.01 billion. The company gets 75% of its revenue from customers outside of Canada, and the higher Canadian dollar cut its 2006 revenue by $41.5 million....

SNC-LAVALIN GROUP INC. $33 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 151.0 million; Market cap: $5.0 billion; SI Rating: Average) is a leading Canadian engineering and construction company. SNC specializes in large-scale public works projects, such as roads, bridges, transit systems and water treatment systems. It also builds chemical plants and electrical power systems. In the past few years, SNC has expanded into concessions. These are public facilities that it builds and runs on behalf of governments. SNC’s biggest concession project is its 16.77% interest in Highway 407, a toll highway just north of Toronto. Concessions give SNC predictable revenue streams, which cuts its reliance on new projects for growth. In 2006, SNC earned $0.89 a share (total $136.6 million) from continuing operations, up 29.0% from $0.69 a share ($105.6 million) a year earlier. Revenue grew 50.7%, to $5.2 billion from...

GENNUM CORP. $12 (Toronto symbol GND; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 35.8 million; Market cap: $429.6 million; SI Rating: Above average) makes chips and other equipment that let broadcasters store, manipulate and transport video signals without losing picture quality. Video products supply about two-thirds of Gennum’s revenue. The company also makes audio products such as hearing aids and telephone headsets, as well as chips for high-speed computer networks. In its first fiscal quarter ended February 28, 2007, Gennum’s profits rose 20%, to $0.12 a share (total $4.3 million) from $0.10 a share ($3.7 million) a year earlier. Most of the gain came from recent cost cuts, since revenue grew just 1.2%, to $34.9 million from $34.5 million....