dividends paid

ATLANTIC TELE-NETWORK $33.08 (Nasdaq symbol ATNI; TSINetwork Rating: Speculative) (340-777-8000; www.atni.com; Shares outstanding: 15.5 million; Market cap: $512.7 million; Dividend yield: 2.8%) sells telecommunications services to rural areas and other underserved regions of the U.S., Bermuda and Caribbean. Atlantic also owns an 80% stake in Guyana Telephone and Telegraph Company (GT&T), as well as wireless interests in the Caribbean and Bermuda. In April 2010, Atlantic bought over 800,000 wireless accounts from Verizon Wireless for $200 million. These subscribers were mostly in rural parts of Georgia, Illinois, Ohio, Idaho and the Carolinas....

RESEARCH IN MOTION INC. $24 (Toronto symbol RIM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.1 million; Market cap: $12.6 billion; Price-to-sales ratio: 0.6; No dividends paid; TSINetwork Rating: Above Average; www.rim.com) is paying an undisclosed sum for Dublin, Ireland-based NewBay. This privately held firm makes software that helps wireless network carriers deliver messages, video and appointment reminders to smartphones, tablet computers and other mobile devices. NewBay’s clients include AT&T, Verizon, T-Mobile and Deutsche Telekom. NewBay’s expertise should help RIM develop more Internet-based (or cloud) services, which let users store and access music, photos and other content a centralized server. For example, RIM recently launched BBM Music, a new cloud-based music-streaming service for the company’s BlackBerry smartphones. RIM is a buy.

DUNDEE CORP. $23 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 64.8 million; Market cap: $1.5 billion; Price-to-sales ratio: 4.3; No dividends paid; TSINetwork Rating: Average; www.dundeecorp.com) is a holding company with subsidiaries in three main areas: wealth management, real estate and resources. The Goodman family controls 83.3% of the company’s votes through multiple-voting shares. In February 2011, Dundee sold its 48% stake (60% voting interest) in DundeeWealth Inc. to Bank of Nova Scotia (Toronto symbol BNS). DundeeWealth owns the Dynamic family of mutual funds. Dundee Corp. still provides investment-management and brokerage services through 48%-owned Dundee Capital Markets Inc. (Toronto symbol DCM). Dundee Corp. received roughly $1.4 billion of Bank of Nova Scotia common and preferred shares for its DundeeWealth stake. As a result of this sale, Dundee Corp.’s revenue fell 20.2% in the three months ended June 30, 2011, to $123.6 million from $154.9 million a year earlier. Earnings fell 32.5%, to $24.3 million, or $0.27 a share, from $36.0 million, or $0.44 a share....

THE JONES GROUP INC. $10 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 85.9 million; Market cap: $859.0 million; Price-to-sales ratio: 0.3; Dividend yield: 2.0%; TSINetwork Rating: Average; www.jonesgroupinc.com) has completed its $350-million purchase of Kurt Geiger, a U.K.-based company that owns and operates 49 shoe stores in Europe. It also sells its products in upscale department stores. Without unusual items, including costs related to the Kurt Geiger purchase, Jones would have earned $27.2 million, or $0.33 a share, in the three months ended June 30, 2011. That’s down 27.5% from $37.5 million, or $0.45 a share, a year earlier. Sales rose 3.2%, to $887.4 million from $859.6 million. That’s because acquisitions offset slower sales of its jeanswear and other clothing. Jones Group is a hold....

BELLATRIX EXPLORATION $4.29 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266-8670; www.bellatrixexploration.com; Shares outstanding: 114.2 million; Market cap: $448.9 million; No dividends paid) produces oil and natural gas in Alberta, B.C. and Saskatchewan. Gas makes up about 62% of its output; the remaining 38% is oil. In the three months ended June 30, 2011, Bellatrix’s production rose 51.8%, to 11,643 barrels of oil equivalent per day (including natural gas) from 7,671 barrels. The company’s drilling success continues to add to its production: in the first half of 2011, it drilled 23 wells with a 100% success rate. Cash flow per share doubled in the latest quarter, to $0.22 from $0.11. The increased production and higher oil prices were the main reasons for the gains. The company’s long-term debt is $93.0 million, or a low 20.7% of its market cap....

DOREL INDUSTRIES $23.55 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-731-0000; www.dorel.com;Shares outstanding: 32.8 million; Market cap: $729.3 million; Dividend yield: 2.5%) makes a wide range of products, including ready-to-assemble home and office furniture; juvenile products, such as car seats, strollers, high chairs, toddler beds and cribs; home furnishings, including chairs, tables, bunk beds, futons and step stools; and recreational products, including bicycles. It has 4,700 employees, and plants in 19 countries. In the three months ended June 30, 2011, Dorel’s sales rose 1.9%, to $619.0 million from $607.7 million a year earlier (all figures except share price in U.S. dollars). The recreational/leisure division’s sales rose 15.9%, mainly on strong demand for bicycles. That offset lower sales at the other divisions. Still, earnings per share fell 30%, to $0.70 from $1.00 a year earlier, due to rising shipping and raw-material costs. The company didn’t pass on all of these price increases to its customers, due to continuing economic weakness in the U.S. and Europe....

MOSAID TECHNOLOGIES INC. $38.90 (Toronto symbol MSD; TSINetwork Rating: Extra Risk) (613-599-9539; www.mosaid.com; Shares outstanding: 12.1 million; Market cap: $466.2 million; Dividend yield: 2.6%) has rejected the $38-a-share, all-cash takeover offer from Wi-LAN Inc. (symbol WIN on Toronto) as too low. Mosaid mainly licenses patented computer chip and telecommunications technology, including patents for technology used in smartphones and laptops. The company has formed a special committee of its board of directors to look at ways to maximize shareholder value. It has also retained Barclays Capital Canada and GMP Securities as financial advisors, and Davies Ward Phillips & Vineberg LLP as legal advisors to the special committee. Mosaid is now trading at $38.90 a share, or 2.4% above Wi-LAN’s bid. This indicates that investors are anticipating that Mosaid will be able to attract a higher offer from Wi-LAN or another bidder....

PRECISION DRILLING CORP. $13 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 275.7 million; Market cap: $3.6 billion; Price-to-sales ratio: 2.3; No dividends paid since February 2009; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) has reached an agreement with the Canada Revenue Agency (CRA) on taxes the company owes on a 2005 transaction....

EMERA INC. $32 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 121.9 million; Market cap: $3.9 billion; Price-to-sales ratio: 1.3; Dividend yield: 4.2%; TSINetwork Rating: Average; www.emera.com) gets 60% of its revenue and 50% of its earnings from Nova Scotia Power Inc., which is Nova Scotia’s main electricity supplier. It gets the rest of its revenue and earnings from its investments in pipelines and power companies in the U.S. and Caribbean. In the three months ended June 30, 2011, Emera’s revenue rose 37.3%, to $500.8 million from $364.7 million a year earlier. The company bought a controlling interest in the main power provider in Barbados in December 2010; the contribution from these operations was the main reason for the higher revenue. Earnings rose 15.0%, to $29.9 million from $26.0 million. Earnings per share rose just 4.3%, to $0.24 from $0.23, on more shares outstanding. The year-earlier earnings figures exclude a one-time gain related to an acquisition. Emera is a buy....

Google has become one the world’s best-known brands since it was formed in 1998. For many Internet users, the Google search engine is the only way to find information online. Under Google’s business model, it gives away most of its products and services for free, then makes money by selling ads. Google is drawing advertisers away from traditional print and TV ads, because it is able to help advertisers zero in on potential customers. We feel Google still has plenty of growth ahead, particularly as it has only begun selling ads on its newer services, including its YouTube video-sharing site and Google+ social network. Moreover, the stock trades at only 16.9 times earnings. That’s cheap in light of the strength of Google’s brand and its vast growth potential. GOOGLE INC. $523 (Nasdaq symbol GOOG; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 322.9 million; Market cap: $168.9 billion; Price-to-sales ratio: 5.0; No dividends paid; TSINetwork Rating: Above Average; www.google.com) is the world’s leading Internet search engine. Right now, the company has about two-thirds of the Internet search market. That’s because its well-developed search technology gives it an advantage over its competitors....