Buy after a “haircut”

BREAKWATER RESOURCES $2.94 (Toronto symbol BWR; SI Rating: Speculative) (416-363-4798; www.breakwater.ca; Shares outstanding: 70.2 million; Market cap: $206.5 million; No dividends paid) has carried out a consolidation (or “cutback” or “reverse split”) of its shares on a 1-for-10 basis. That cut its shares outstanding from… Read More

Stock Pickers Digest Hotline – Friday, May 7, 2010

DOREL INDUSTRIES, $37.20, symbol DII.B on Toronto, reports that its earnings jumped 34.5% in the three months ended March 31, 2010, to $1.13 a share from $0.84 a year earlier. (All figures except share price in U.S. dollars.) Revenue rose 13.5% to $596.3 million from… Read More