The Successful Investor Hotline – Friday, April 15, 2011

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Thursday, April 21, 2011. ARBOR MEMORIAL SERVICES INC., $25.00, Toronto symbol ABO.A, owns 85 funeral homes, 41 cemeteries, 26 crematoria, seven reception centres for memorial services. The company operates in eight provinces. The stock has gained nearly 70% since it fell to $15 in June 2009. That’s partly because Arbor is a thin trader, so it only takes a few trades to move the share price. That makes the stock highly volatile, and adds to its risk. As well, sales of cemetery plots and headstones jumped ahead of the introduction of the harmonized sales tax in Ontario and B.C. on July 1, 2010. We feel the stock will stay in a narrow range following its recent rise. As a thin trader, its stock price is particularly vulnerable to bad news. Arbor Memorial Services is now a sell. HART STORES INC., $1.50, Toronto symbol HIS, operates 92 mid-sized department stores in eastern Canada. The company cuts its risk…

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