Updating WestJet, Stornoway Diamond and Domino’s Pizza

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WESTJET AIRLINES $15.45 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 139.8 million; Market cap: $2.2 billion; Dividend yield: 1.3%) has just signed an “interline” agreement with Delta Air Lines. Under these agreements, two airlines cooperate on flights and baggage handling. WestJet has similar arrangements with Air France-KLM, China Airways of Taiwan, Hong Kong-based Dragonair and American Airlines. Interline deals can evolve into “code sharing” agreements. These are similar to interline pacts, but also let airlines sell seats and move luggage under their own names onto another carrier’s flights. Last year, WestJet entered into its first code-sharing deal with Cathay Pacific. WestJet, our Stock Pickers Digest “Stock of the Year for 2011,” is still a buy. STORNOWAY DIAMOND CORP. $0.59 (Toronto symbol SWY; TSINetwork Rating: Start-up) (1-888-338- 2200; www.stornowaydiamonds.com; Shares outstanding: 297.5 million; Market cap: $175.5 million; No dividends paid) has agreed to acquire the 50% of the Renard diamond project in Quebec that it doesn’t already…