Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, October 31, 2008

Article Excerpt

TOROMONT INDUSTRIES, $22.81, symbol TIH on Toronto, rose this week after it reported that revenues rose 15.8% in the three months ended September 30, 2008, to $578 million from $499.3 million a year earlier. Excluding one-time items, earnings rose 21.3%, to $37.1 million or $0.57 a share, from $30.6 million or $0.47 a share. Toromont is an industry leader in construction equipment, power generation, refrigeration and natural gas compression systems. In the latest quarter, higher compression group revenues boosted sales and earnings. Toromont’s sales to the U.S. natural gas compression market continued to perform especially well, rising 26.2%. Toromont is a buy. STORNOWAY DIAMOND, $0.12, symbol SWY on Toronto, has received a positive preliminary economic assessment for its Renard diamond project in north-central Quebec. Renard is a joint venture between Stornoway and the Quebec government agency Soquem. Renard hosts an estimated 11.6 million tons of kimberlite ore grading 60 carats per hundred tons. That’s a total diamond content of seven million carats. A..