19:04:03 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,209,451,582
Close 2017-02-09 C$ 79.83
Market Cap C$ 96,550,519,791
Recent Sedar Documents

Globe says Scotiabank, others have consistent growth

2017-02-09 08:04 ET - In the News

Also In the News (C-CGX) Cineplex Inc
Also In the News (C-HWD) Hardwoods Distribution Inc
Also In the News (C-SXP) Supremex Inc
Also In the News (C-WEF) Western Forest Products Inc

The Globe and Mail attempts to identify companies growing consistently at a reasonable price in its Thursday, Feb. 9, edition. The Globe's Ian Tam writes in the Number Cruncher column that for those who subscribe to the school of GARP (growth at a reasonable price) investing, this week's strategy may offer some fresh ideas. To accomplish this, Mr. Tam ranked stocks on the following factors: Forward PEG ratio (a classic GARP metric that compares the forward price-to-earnings ratio with the forward growth rate of earnings. This answers the question: Am I paying too much for growth? lower figures preferred); earnings variability (measures how consistent a company's earnings have been historically -- lower figures preferred); industry-relative price-to-book ratio (lower figures preferred); and five-year sales growth. To qualify, stocks must have an average monthly value of shares traded of $4.5-million or greater. Stocks must have a debt-to-equity ratio that is less than or equal to that of the industry median to avoid overly leveraged companies. Mr. Tam recommends buying Bank of Nova Scotia, Hardwoods Distribution, Supremex, Western Forest Products and Cineplex.

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