The Globe and Mail reports in its Thursday, April 20, edition that four stocks have proven themselves as consistent outperformers on the S&P/TSX composite index.
The Globe's David Berman writes that Saputo, the Montreal-based cheese maker and dairy processor, has risen more than 400 per cent over the past decade -- doubling, quadrupling, tripling and sextupling the index's performance over the past one-year, three-year, five-year and 10-year periods, respectively. Enbridge, the Calgary-based energy-distribution company, rose nearly 40 per cent last year and has delivered a return of more than 290 per cent over the past decade.
TransCanada, the Calgary-based pipeline owner, has a more modest 10-year return of 123 per cent, or about double the index. It, too, has beaten the index consistently over the four periods Mr. Berman looked at. Sun Life Financial's 10-year return of 64 per cent only narrowly outperformed the index. However, it has powered ahead over the past three-year and five-year periods. Will these stocks continue to outperform? Mr. Berman puts it this way: If they were mutual-fund managers, they would be celebrated stars and well worth a closer look.
© 2024 Canjex Publishing Ltd. All rights reserved.