Aggressive stocks have a key role to play

Article Excerpt

Aggressive stocks, such as those featured in the portfolio on page 80, can lead to big returns. However, due to the risky or cyclical nature of their businesses, investment in higher-growth stocks can also produce big losses. That’s why you should limit your aggressive holdings to no more than about 30% of your overall portfolio. We continue to like the long-term prospects of the best aggressive stocks. That includes the four we feature below; we recommend two of them for new buying right now. PRECISION DRILLING CORP. $2.44 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 293.8 million; Market cap: $716.9 million; Price-to-sales ratio: 0.5; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contract drilling services to land-based oil and gas producers, mainly in North America. It operates 232 rigs in Canada, the U.S. and the Middle East. In the three months ended March 31, 2019, overall revenue rose 8.2%, to $434.0 million from $401.0 million a year earlier. The…