Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, May 7, 2010

Article Excerpt

DOREL INDUSTRIES, $37.20, symbol DII.B on Toronto, reports that its earnings jumped 34.5% in the three months ended March 31, 2010, to $1.13 a share from $0.84 a year earlier. (All figures except share price in U.S. dollars.) Revenue rose 13.5% to $596.3 million from $525.2 million. Revenue was up across all three of the company’s divisions: The recreational/leisure segment reported 12.5% higher revenue; the juvenile division’s revenue rose 12.5%; and home furnishings gained 17.3%. Dorel makes a wide range of products, including bicycles, ready-to assemble home and office furniture; juvenile products, such as car seats, strollers, high chairs, toddler beds and cribs (including Eddie Bauer and Disney Baby licensed products); home furnishings, including chairs, tables, bunk beds, futons and step stools; and recreational products. Dorel is raising its quarterly dividend by 20%, to $0.15 from $0.125, with the June payment. The shares now yield 1.6%. The shares have gained almost over 24% since March. But the stock trades at just 10.5…

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