The Investment Reporter, in its Nov. 1, 2013, issue, refreshes its buy of Canada Bread Co. Ltd., recently $70. The Reporter said buy 22 times from May 14, 1996, to May 24, 2013, at prices ranging from $11.05 to $67. Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth $54,460. The stock has risen over the past several weeks, because parent company Maple Leaf Foods (which owns 90 per cent of Canada Bread) has put the bakery business up for sale. Canada Bread has set up a committee of independent directors and hired CIBC World Markets as financial adviser. The share price increase shows that the market expects that it will sell at a higher price. Canada Bread remains a buy for now.
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