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Dollarama director goes shopping for shares

Shoppers load up on bargains at the Dollarama store on Spadina Avenue in Toronto.

Deborah Baic/The Globe and Mail

Last November, we wrote that insiders at Dollarama Inc. were building their holdings despite strong price gains. Since the report, the stock has advanced nicely, up about 30 per cent. Looking forward, our Dollarama INK Edge outlook remains mostly sunny, placing it in the top 30 per cent of all stocks ranked on our VIP criteria of valuations, insiders and price strength. Helping to boost the stock's standing was director John J. Swidler's purchase of 2,000 shares at $82.70 on Sept. 20. The director has spent about $580,000 buying Dollarama stock over the past year.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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