Hi Pat: What is your advice on Stornoway Diamond? There seems to be some activity with the stock lately. Thanks.

Stornoway Diamond Corp., $0.71, symbol SWY on Toronto (Shares outstanding: 175.0 million; Market cap: $124.3 million; www.stornowaydiamonds.com), remains focused on bringing its Renard diamond project in Quebec into production.

Renard has all necessary regulatory approvals, and the company has just arranged $944 million of financing to… Read More

Here are twelve stocks to sell

Long-time readers know that we are constantly reevaluating our stock picks. Here are 12 stocks that have only limited growth prospects for the foreseeable future. We now see them all as sells.

TETHYS PETROLEUM $1.42 (Toronto symbol TPL) produces and explores for oil and gas… Read More

Updating WestJet, Stornoway Diamond and Domino’s Pizza

WESTJET AIRLINES $15.45 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 139.8 million; Market cap: $2.2 billion; Dividend yield: 1.3%) has just signed an “interline” agreement with Delta Air Lines. Under these agreements, two airlines cooperate on flights and baggage handling. WestJet… Read More