The Globe and Mail attempts to identify large-cap stocks that offer value and growth in its Thursday, Sept. 18, edition. The Globe's Craig Mcgee writes in the Number Cruncher column that he looked for Canadian stocks that exhibited
a good mix of the following characteristics: forward price to earnings;
forward return on equity;
quarterly earnings momentum
(QEM) -- that is, the percentage
change in the latest four quarters
earnings per share compared
with the four quarters
EPS of one quarter ago;
revision of the consensus EPS
estimate over the past three
months;
and latest quarterly earnings surprise. Stocks also required a minimum
expected dividend yield of
2 per cent and at least two analysts
covering each company on
earnings. Over the past five years, Mr. McGee's investing
strategy generated an annualized
total return of 16.3 per cent while
the S&P/TSX Total Return Index
came in with 10.7 per cent. Stocks that offer value and growth are Corus Entertainment, Domtar, Agrium, BCE, Finnning International, DH and Canadian Utilities.
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