Updating our Aggressive stocks Agrium Inc., Dundee Corp. and CGI Group

Article Excerpt

AGRIUM INC. $38 (Toronto symbol AGU) has cut production at some of its facilities due to rising inventories of nitrogen-based fertilizers in North America. Many farmers are also delaying purchases of new seed and fertilizer as a result of weakening crop prices. Hold. DUNDEE CORP. $5.88 (Toronto symbol DC.A) is down over 50% in the past six months. That’s partly due to its exposure to falling prices for zinc, copper, oil and natural gas. In the three months ended September 30, 2008, Dundee’s portfolio of junior resource companies incurred a pre-tax loss of $12.4 million, compared with a profit of $582,000 a year earlier. Dundee also wrote down illiquid securities by $37.9 million. Consequently, it reported a loss of $1.9 million or $0.03 a share in the quarter. Dundee earned $114.1 million or $1.33 a share in the year-earlier quarter. Hold. CGI GROUP INC. $9.75 (Toronto symbol GIB.A) provides information technology and business-process services to a wide range of business and…

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