The Globe and Mail reports in its Thursday, Jan. 24, edition that some believe the top performing equities of 2019 could be the "dogs" of 2018. The Globe's guest columnist Sean Pugliese writes in the Number Cruncher column that it is a play on an investment theory that the worst performing equities in the prior year tend to get oversold and have the potential to bounce and perform well the following year -- almost as if there was an overreaction, with a new year bringing a fresh start. With the year still relatively new, Mr. Pugliese, together with his associate Allan Meyer, thought they would take a closer look at "dogs" over the past 52 weeks using their investment philosophy focused on safety and value. They only considered TSX-listed equities with a market capitalization of $1-billion or more. To identify their "dogs," they looked at companies with 52-week total returns of negative 30 per cent or worse. Mr. Pugliese and Mr. Meyer limited their picks to dividend payers. All their picks generated earnings. Their dogs of the TSX are NFI Group, Richelieu Hardware, Vermilion Energy, Canadian Western Bank and Martinrea International.