Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, February 8, 2008

Article Excerpt

It was an unsettling week, but the market ended up in the middle of the range it has stayed in since its January 21 plunge. No one can predict these things consistently, but I still think we are much closer to a bottom than a top. To put it another way, if I had to choose between “buy” and ”sell”, I would definitely say “buy”. DOREL INDUSTRIES, $29.80, symbol DII.B on Toronto, is entering the premium racing and mountain bike market with its acquisition of Connecticut-based Cannondale Bicycle Corp. for $190 million to $200 million U.S. in cash. The purchase also includes Sugoi Performance Apparel, which makes high-end clothing used by cyclists, triathletes and fitness enthusiasts. The final price will depend on Cannondale’s earnings for the twelve months ended June 30, 2008. Cannondale will add as much as $0.09 a share to Dorel’s annual earnings. Dorel will now split its Recreational/Leisure segment into two distinct operating divisions. The Cannondale Sports Group will…