Updating CANADIAN NATIONAL RAILWAY CO., SNC-LAVALIN GROUP INC., CAE INC. and TRANSCONTINENTAL INC.

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CANADIAN NATIONAL RAILWAY CO. $54 (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 471.0 million; Market cap: $25.4 billion; Price-to-sales ratio: 3.3; Dividend yield: 2.0%; SI Rating: Above Average) is spending $100 million to build a new rail hub in Calgary. To put this figure in context, CN earned $1.5 billion, or $3.24 a share, in 2009. When this facility opens in 2013, it will make CN more efficient by speeding up the flow of trains in western Canada. CN Rail is a buy. SNC-LAVALIN GROUP INC. $50 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 151.1 million; Market cap: $7.6 billion; Price-to-sales ratio: 1.2; Dividend yield: 1.2%; SI Rating: Average) has won a $10-million contract from Abu Dhabi Gas Industries Ltd. Under the deal, SNC will develop a system to capture carbon dioxide from oil wells. Oil companies would inject the gas back into the well to release more oil. The contract is small next…