Seven New Buys For Aggressive Investors

Article Excerpt

We’ve added seven new stocks to our Aggressive Growth Portfolio. While riskier than many of our recommendations, these seven are leaders in their fields, and attractively priced in relation to their prospects. Conservative investors should limit stocks like these to no more than a third of their portfolio. PRECISION DRILLING TRUST $16 (Toronto symbol PD.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 125.8 million; Market cap: $2.0 billion; SI Rating: Extra risk) is Canada’s largest provider of drilling and related services to the oil and gas industry. Precision’s drilling fleet consists of 259 land drilling rigs. In the third quarter of 2007, Precision’s revenue fell 34.8%, to $227.9 million from $349.6 million a year earlier. Earnings per unit fell 48.1%, to $0.55 from $1.06. Cash flow per unit fell 46.5%, to $0.68 from $1.27. Lower natural gas prices have cut demand for drilling services in Precision’s core markets in Western Canada. Rising natural gas inventories have also hurt rig demand. Precision cut its…