The Globe and Mail reports in its Wednesday, March 21, edition that Portfolio Management managing director Norman Levine recommends buying Badger Daylighting ($25.69), which has been climbing steadily since September when it could be had for $17.10, a 52-week low. Franklin Cameron writes in The Globe's BNN Market Call column that Mr. Levine says: "Badger recently reported much
Its yield of 4 per cent and forward
of less than 11 times makes the
stock very attractive despite it
selling at its all-time high."
In his general outlook Mr. Levine says: "The U.S. economy appears to
be recovering better than most
pundits expected, as recently
evidenced by the sharp rise in
interest rates on bonds.
In addition, the negativity
towards Europe and European
equities also seems to be abating.
As such, we have become
more positive on equities and
are in the process of favouring
companies with more economic
sensitivity as well as ones that
will benefit from rising interest
The Globe reported on Feb. 24 that Badger Daylighting was a top holding for Sentry Investments manager Aubrey Hearn. The stock could then be had for $24.19.
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