Updating SunOpta Inc., Shermag Inc. and Wyndham Worldwide

Article Excerpt

SUNOPTA INC. $5.36 (Toronto symbol SOY; SI Rating: Speculative) (905-455-2528; www.sunopta.com; Shares outstanding: 63.9 million; Market cap: $342.5 million) fell recently after the company said it is replacing its chief executive officer and chief financial officer following an ongoing audit investigation into a large writedown in its berry business. SunOpta gets the bulk of its revenues from its Foods division, which specializes in the sourcing, processing and distribution of organic, kosher and specialty food products. The company’s BioProcess division engineers and sells proprietary steam explosion technology systems that aim to use high heat and pressure to convert biomass such as sugar cane pulp, wood chips and straw into useful components such as ethanol. These waste products are much cheaper and more plentiful than the corn or fresh sugar cane typically used to produce ethanol. However, development of this process has not worked as well as we expected. SunOpta is a sell. SHERMAG INC. $0.075 (Toronto symbol SMG; SI Rating: Speculative) (819-566-1515; www.shermag.com; Shares outstanding:…