The Globe and Mail attempts to identify good stocks in
health
care, industrials and technology
(HITs) in its Friday, April 17, edition. The Globe's Ted Dixon writes in the Number Cruncher column that to make the final grade, his picks had to trade
over $3 and have a market cap of
at least $250-million. Mr. Dixon considered: valuations (past 12 months
except dividend yield); price-to-earnings, price-to-book
and price-to-sales ratios;
enterprise value to EBITDA
(earnings before interest, taxes,
depreciation and amortization);
price-to-cash flow;
shareholder yield (buybacks
plus dividends); insider (officer and director)
commitment; recent net insider buying;
personal holdings (excludes
shares held for other investors);
and insider intensity, based on the
number of insiders buying. Intertain Group has the highest
insider ranking. Chorus Entertainment takes second second spot. In third spot is
enterprise software solutions
firm Enghouse Systems.
Cardiovascular device maker
Neovasc is the top ranked
health-care name and takes
fourth spot. Mr. Dixon's other picks include Toromont Industries and Velan.
© 2024 Canjex Publishing Ltd. All rights reserved.