Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 8, 2013

Article Excerpt

DOREL INDUSTRIES, $39.80, symbol DII.B on Toronto, moved up over 8% this week after it reported improved results in the latest quarter. The company makes a wide range of products, including ready-to-assemble home and office furniture; juvenile products, such as car seats, strollers, high chairs, toddler beds and cribs; and recreational products, mainly bicycles. In the three months ended December 30, 2012, Dorel’s sales rose 10.9%, to $622.6 million from $561.6 million a year earlier (all figures except share price and market cap in U.S. dollars). The home furnishing division’s revenue rose 7.5% on higher sales of imported furniture, mattresses and futons. The juvenile division’s revenue gained 11.6%, partly due to contributions from recent acquisitions, including Dorel Chile and distributors of children’s products in Colombia and Panama. Strong sales of new bicycle models helped push up the recreational/leisure division’s sales by 12.0%. Excluding one-time items, Dorel’s earnings jumped 66.3%, to $27.1 million, or $0.85 a share, from $16.3 million, or $0.51, a..