The Globe and Mail attempts to identify Canadian companies reinvesting for future growth in its Thursday, Nov. 9, edition. The Globe's Ian Tam writes in the Number Cruncher column that there are several views on what a company should do with its bottom line. One of these options is to distribute profits to shareholders via dividends, which is a style that is heavily in favour for Canadian investors. Companies can also opt to reinvest these proceeds for future growth of the company. For investors with a longer time horizon who are able to take on more risk in exchange for future returns, the reinvestment option can be a viable strategy, says Mr. Tam. He used Morningstar CPMS to rank the largest 250 companies in Canada (excluding real estate investment trusts) on forward and trailing reinvestment rates, three-month estimate revision, quarterly sales momentum and the latest earnings surprise (the latest reported figure for earnings per share compared with the estimate just prior to the company reporting). Mr. Tam's picks for companies with a strong focus on reinvesting are Colliers International, Constellation Software, FirstService, Kinaxis, West Fraser Timber and Great Canadian Gaming.