The Globe and Mail attempts to identify Canadian companies growing at a reasonable price in its Thursday, July 20, edition. The Globe's guest columnist Ian Tam writes in the Number Cruncher column that he used Morningstar CPMS to create a GARP (growth at a reasonable price) strategy with a tilt toward quality and low volatility for investors who prefer not to deal with the roller coaster that often comes with short-term growth. The strategy ranks stocks on forward PEG ratio, which is a classic GARP metric that compares the forward price-to-earnings ratio with the forward growth rate of earnings. This helps determine whether you are paying too much for growth. As well, Mr. Tam considered five-year earnings-per-share growth rate. He also looked at five-year and 10-year average return on equity. To qualify, companies needed to have at least three active analysts covering the stock, and a debt-to-equity ratio equal to or lower than that of the sector median to avoid overly leveraged companies. Mr. Tam's "reasonably priced" picks are Magna International, Metro, SNC-Lavalin Group, Gildan Activewear, Sierra Wireless and Winpak.