05:25:36 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Chorus Aviation Inc
Symbol CHR
Shares Issued 159,928,315
Close 2019-11-25 C$ 8.13
Market Cap C$ 1,300,217,201
Recent Sedar Documents

Globe says CGI, others good for the contrarian investor

2019-11-26 07:36 ET - In the News

See In the News (C-GIB) CGI Inc

The Globe and Mail reports in its Tuesday, Nov. 26, edition that the fact that a value strategy (investing in companies trading below fair value) has underperformed growth (investing in companies that are increasing their earnings quickly) over the past few years is a phenomenon that is likely top of mind for many investors. The Globe's Ian Tam writes in the Number Cruncher column that for those that believe this trend is set to turn, perhaps owing to the stock market's tendency to revert to the mean, this week's investing strategy may offer some reasonable ideas. The model looks for companies with a long record of stability but are trading below sector-median valuation multiples. To find these companies, Mr. Tam ranked stocks in the S&P/TSX Composite on such things as 10-year deviation in earnings per share, where lower values are preferred. He also considered the 10-year average return on equity, higher value preferred. To qualify, companies needed to have price-to-earnings, price-to-cash-flow, price-to-book and price-to-sales ratios that are equal to or less than that of the stock's own sector median. Mr. Tam recommends buying Transcontinental, Equitable Group, Power Financial, CGI and Chorus Aviation.

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