Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, February 11, 2011

Article Excerpt

BAFFINLAND IRON MINES, $1.50, symbol BIM on Toronto, is now over 90% held by joint takeover bidders Luxembourg-based ArcelorMittal, the world’s largest steelmaker, and Nunavut Iron Ore Acquisition. The final offer was for $1.50 a share for all of Baffinland’s shares. When the bid is completed, Arcelor will own 70% of Baffinland, and Nunavut will own 30%. If you have not already done so, you should tender your Baffinland shares to the offer before the February 17, 2011 deadline. Even if you don’t tender, you’ll still receive the full $1.50 a share without paying brokerage commissions. It will just take longer for the money to appear in your brokerage account. WESTJET AIRLINES, $15.35, symbol WJA on Toronto, jumped over 16% this week after the company reported higher revenue and earnings in the latest quarter. In the three months ended December 31, 2010, WestJet’s revenue rose 21.5%, to $692.8 million from $570.0 million a year earlier. Earnings jumped 137.8%, to $47.9…