These three stocks are now sells

Long-time readers know that we are constantly reevaluating our stock picks. Below are three stocks we think you should sell.

Two of these companies face problems that will weigh on them for the foreseeable future. The third is a thin-trading stock that has moved up recently… Read More

Updating THE WESTAIM CORP.

THE WESTAIM CORP. $0.71 has completed its purchase of Montreal-based Jevco Insurance Co. from Kingsway Financial Services Inc. (Toronto symbol KFS). Jevco sells insurance to high-risk drivers, as well as owners of motorcycles, snowmobiles and recreational vehicles. Jevco operates in Quebec and Ontario.

Westaim paid $264.2… Read More

Stock Pickers Digest Hotline – Friday, April 9, 2010

ALIMENTATION COUCHE-TARD INC., $18.90, symbol ATD.B on Toronto, has launched a $1.9-billion hostile takeover bid for Casey’s General Stores (symbol CASY on Nasdaq).

Casey’s owns 1,507 convenience stores in the U.S. Midwest. The stores offer a wide variety of food and non-food merchandise, as well as… Read More

The Successful Investor Hotline – Friday, April 1, 2010

SAPUTO INC., $29.70, Toronto symbol SAP, will distribute its foods in Toronto from a new facility in Vaughn, Ontario (it currently distributes from a number of different warehouses in the city). The company will complete this consolidation in stages, and expects to be finished by… Read More

Kingsway raises cash

KINGSWAY FINANCIAL SERVICES $1.70 (Toronto symbol KFS; SI Rating: Speculative) (905-629-7888; www.kingswayfinancial.com; Shares outstanding: 52.1 million; Market cap: $88.6 million; No dividends paid) has agreed to sell its Jevco Insurance Co. subsidiary for $263 million. This price does not include a $40-million dividend that Jevco… Read More

The Successful Investor Hotline – Friday, January 29, 2010

CANADIAN NATIONAL RAILWAY CO., $53.52, Toronto symbol CNR, earned $1.5 billion in 2009. That’s down 13.8% from $1.8 billion in the prior year.

Earnings per share fell 12.7%, to $3.24 from $3.71, on fewer shares outstanding. These figures exclude unusual items, including income-tax refunds and… Read More

The Stock Pickers Digest Hotline – Friday, January 29, 2010

TEMPUR-PEDIC, $24.89, symbol TPX on New York, reported sharply higher revenue and earnings in the latest quarter.

In the three months ended December 31, 2009, Tempur-Pedic’s earnings rose 129.1%, to $29.1 million, or $0.38 a share, from $12.7 million, or $0.17 a share, a year earlier… Read More

The Stock Pickers Digest Hotline – Friday, October 23, 2009

AMAZON.COM INC., $118.49, symbol AMZN on Nasdaq, shot up 26.8% today after reporting sharply higher results in the latest quarter.

In the three months ended September 30, 2009, Amazon’s revenue rose 27.8%, to $5.4 billion from $4.3 billion a year earlier. Earnings jumped 68.6%, to $199… Read More

The Stock Pickers Digest Hotline – Friday, September 11, 2009

FAIRFAX FINANCIAL HOLDINGS, $371.00, symbol FFH on Toronto, plans to buy the 27.4% of Odyssey Re Holdings Corp. (New York symbol ORH) that it doesn’t already own for $960 million U.S.

Odyssey Re is a major worldwide underwriter of property and casualty reinsurance. Reinsurers sell… Read More