Stock Pickers Digest, in the September, 2016, issue, refreshes its buy of Toromont Industries Ltd., recently $39.33. Stock Pickers said buy 19 times from October, 1998, to April, 2011, at prices ranging from $16 to $37 (the stock split 2 for 1 in April, 2004). On June 1, 2011, old Toromont split into two new companies, one with the old name and symbol and the other a spinoff called Enerflex. For portfolio purposes, we sold our old Toromont investment on the day of the spinoff, selling the $19,000 position at $31.06 for a profit of $18,165. We bought $1,000 worth of the new Toromont at $18.05. Stock Pickers then said buy 10 times from July, 2011, to July, 2016, at prices ranging from $18.99 to $37.38. Assuming a $1,000 investment for each new buy, the $11,000 position is now worth $17,580. Toromont makes industrial machinery and refrigeration systems. In the quarter ended June 30, 2016, it earned $38.4-million or 49 cents a share, up from $36.4-million or 47 cents a share in the same period last year. Revenue rose to $510.7-million from $484.5-million. Toromont now trades at 19.5 times its likely 2016 earnings of $2.01 a share, and its 18-cent quarterly dividend yields 1.8 per cent. Buy.