Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, February 22, 2008

Article Excerpt

TIM HORTONS INC., $35.47, symbol THI on Toronto, reports that revenues rose 10.5% in the three months ended December 31, 2007, to $515.4 million from $466.5 million. Canadian same-store sales rose 3.4%, and U.S. same-store sales rose 4.2%. Earnings per share rose 17.1%, to $0.41 from $0.35. The improved results came despite heavy snow in key markets in December, as well as a promotional focus on its TimCard, rather than holiday merchandise. The TimCard is a reloadable electronic payment card. The company will realize the benefits of robust TimCard sales in subsequent quarters. The company has raised its quarterly dividend by 28.6%, to $0.09 a share from $0.07. The shares now yield 1.0%. Tim Hortons is a buy. CAMECO CORP., $37.26, symbol CCO on Toronto, is making significant progress in repairing flood damage at its Cigar Lake uranium project in Saskatchewan. The mine was about 60% complete when a rockfall caused a major flood in October 2006. The company has erected a concrete barrier…