The Globe and Mail attempts to identify profitable Canadian stocks that may still be available at reasonable valuations in its Thursday 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: trailing earnings yield (operating earnings over the latest four quarters divided by the latest price); trailing return on equity; price relative to the average price over the past year (where higher is better); total asset turnover (sales over the latest four quarters divided by total assets); revision of the consensus earnings-per-share estimate over the past three months; earnings stability; and price stability. Over the 12 months ended June 30, 2014, this strategy was able to more than keep up with the market, generating a total return of 29.6 per cent compared with 28.7 per cent for the S&P/TSX Composite Total Return Index. For the full period stretching back to 1991, this strategy would have generated an annualized total return of 18.8 per cent. Mr. McGee's profitable Canadian stocks are Parex Resources, Canaccord Genuity Group, Magna International, Gibson Energy, Transcontinental and CCL Industries.