Updating our Aggressive Stocks The Westaim Corp., Maverick Tube Corp. and Nortel Corp.

Article Excerpt

THE WESTAIM CORP. $6.90 earned $0.21 a share (total $19.5 million) from continuing operations in the three months ended December 31, 2005 compared with a loss of $0.11 a share ($10.4 million) a year earlier. However, the latest quarterly earnings included a $30.1 million gain on the recent sale of shares in subsidiary Nucryst Pharmaceuticals Corp. Westaim now owns 73.5% of Nucryst. It also aims to take its other subsidiary, iFire Technology Corp., public in the next few years. Westaim is still debt free, and has $1.29 a share in cash. Hold. MAVERICK TUBE CORP. $54 has gained 75% in the past six months, as rising energy prices have sharply increased demand for its drilling equipment and pipelines. However, the stock trades at just 8.2 times its likely 2006 earnings of $6.59 U.S. a share. Buy. NORTEL CORP. $3.20 is still having accounting problems. It’s now moving revenue from certain contracts from earlier periods to future periods. This change does not affect…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.