Thursday, November 26, 2009 12:00 AM
Stocks with earnings and revenue growth
Scott Adams
WHAT ARE WE LOOKING FOR?
As the economy tries to get out of the recession ditch, let's look for cheap stocks with revenue and earnings growth.
MORE ABOUT TODAY'S SCREEN
We'll start with members of the S&P/TSX composite index. We'll look for stocks that are profitable and are showing revenue and earnings per share growth in the latest 12 months, and the latest quarter over the previous quarter. We're looking for revenue and earnings growth so we can find those companies that are doing more than just increasing profits through cost cutting. Finally, we'll sort the remaining list of stocks and trusts by the lowest price-to-earnings ratios.
WHAT DID WE FIND OUT?
There aren't many stocks that passed through our filter and not many are cheap, either. There are only nine stocks that passed our growth tests and trade under a price-to-earnings ratio of 20. That said, one trend has emerged in that consumer stocks are showing growth, as Empire, North West, Metro, Alimentation Couche-Tarde, Shoppers Drug Mart and Cineplex are all on the list.
| Growth stocks on the Toronto Stock Exchange | ||||||
| Company name | Ticker | Price Nov. 24 $ | 52-week high $ | 52-week low $ | Yield % | YTD price chge % |
| Bombardier Inc. | BBD.B-T | 4.79 | 5.35 | 2.22 | 2.0 | 7.6 |
| Home Capital Group | HCG-T | 40.90 | 43.29 | 14.59 | 1.6 | 106.6 |
| Empire Company | EMP.A-T | 45.65 | 55.05 | 39.33 | 1.6 | -6.3 |
| North West Company Fund | NWF.UN-T | 18.50 | 18.70 | 14.88 | 7.4 | 9.5 |
| Metro Inc. | MRU.A-T | 35.85 | 40.00 | 32.00 | 1.5 | -3.1 |
| Alimentation Couche-Tard | ATD.B-T | 20.97 | 21.32 | 11.12 | 0.7 | 45.2 |
| Sino-Forest Corp. | TRE-T | 18.60 | 19.70 | 5.25 | 0.0 | 88.5 |
| Crescent Point Energy | CPG-T | 39.10 | 39.97 | 18.13 | 7.0 | 62.3 |
| Shoppers Drug Mart | SC-T | 43.48 | 50.00 | 41.40 | 2.0 | -9.5 |
| Cineplex Galaxy Inc Fund | CGX.UN-T | 17.11 | 17.25 | 12.05 | 7.5 | 24.4 |
| Goldcorp Inc. | G-T | 45.84 | 47.99 | 25.57 | 0.4 | 19.4 |
| Yamana Gold Inc. | YRI-T | 14.28 | 14.66 | 5.76 | 0.3 | 51.1 |
| Eldorado Gold | ELD-T | 14.59 | 14.91 | 5.47 | 0.0 | 51.2 |
| Red Back Mining Inc. | RBI-T | 15.79 | 16.08 | 4.70 | 0.0 | 83.8 |
| * Notes: TTM = trailing twelve months, QQQ = quarter over quarter | ||||||
| Source: Globe Investor | ||||||
