Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, November 12, 2010

Article Excerpt

TOROMONT INDUSTRIES, $29.06, symbol TIH on Toronto, has announced plans to break itself up into two publicly traded companies: Toromont, a distributor of Caterpillar and industrial equipment; and Enerflex, a supplier of natural gas production and processing equipment. Toromont acquired Enerflex Systems Income Fund earlier this year for $613 million. Enerflex serves oil and natural-gas producers around the world. The company leases and sells natural-gas compression and process equipment; hydrocarbon production and processing facilities; and electrical, instrumentation and control services. Its operations now include Toromont’s U.S.-based compression group, which designs, engineers, builds and installs compression systems for natural gas, fuel gas and carbon dioxide. The new Toromont will include its Caterpillar dealership, which is one of the world’s largest, covering Ontario, Manitoba, Newfoundland and Labrador, and Nunavut. As well, its operations will include Battlefield – The CAT Rental Store, an industrial rental equipment operation; and CIMCO Refrigeration, Canada’s largest supplier of industrial and recreational refrigeration equipment. (Its recreational systems are used for…