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Globe says positive growth expected from Rock, others

2014-07-10 04:24 ET - In the News

See In the News (C-RE) Rock Energy Inc

The Globe and Mail attempts to identify Canadian stocks posting quarterly growth that is expected to continue in its Thursday, July 10, edition. The Globe's Craig McGee writes in the Number Cruncher column that he looked for stocks with the best combination of the following metrics: Growth of the latest reported quarter's operating earnings per share versus the same quarter from the prior year; growth of the previously reported quarter's operating EPS versus the same quarter from the prior year; expected growth of the next quarter's operating EPS versus the same quarter from the prior year; and expected growth of operating EPS two quarters in the future versus the same quarter from the prior year. Stocks with market caps below $100-million were not included. All periods needed to exhibit positive growth. A basket of 20 stocks using this strategy over the past year generated a total return of 66.6 per cent versus 28.7 per cent for the S&P/TSX Composite Total Return Index. Companies showing positive earnings growth over several periods are Rock Energy, NuVista Energy, Cascades, Canaccord Genuity, Points International and Domtar.

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