Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, August 23, 2013

Article Excerpt

DOREL INDUSTRIES, $35.45, symbol DII.B on Toronto, has agreed to buy 70% of Caloi, Brazil’s largest bicycle company, for an undisclosed sum. Established in 1898, Caloi is one of the world’s oldest bicycle makers. It is also Latin America’s top-selling bicycle brand and the leader in the Brazilian market. Caloi has a plant in Brazilian city of Manaus that is the largest bicycle manufacturing facility outside Southeast Asia, producing more than 700,000 units a year. Dorel will use Caloi’s plant to make bicycles under its other brands, including Cannondale, Schwinn, Mongoose and GT. It will sell these bikes in Brazil and in export markets. Caloi’s sales rose 22% in 2012, to $111.6 million U.S. To put that in perspective, Dorel had sales of $600.4 million U.S. in the three months ended June 30, 2013. This purchase fits nicely with Dorel’s plan to focus on international expansion. The company will gain a leading brand and will be able to use Caloi’s facilities to sell…

The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.

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What personal information do we collect?

The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy

This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.

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