This stock (TSX-TIH) is on the Dividend Achievers at www.dividendachievers.com/ and the Dividend Aristocrats lists and also on Mike Higgs’ list at www.dividendgrowth.org/Report.htm. It is a stock that I notice has been recommending lately. It is hard to know what to buy in such volatile markets, so I am featuring ones who have recently been recommended in this tough market.
I first bought this stock for my RRSP account in December 2007. According to Quicken, I have made an annual return of -8% so far on this stock. This is a bear market we are in at present so this is not surprising. This stock has raised their dividends for this year in January 2008. They have a good dividend record and this is continuing in this tough market. Their Graham Price has gone up to $21.59, and their price is now $23.94. So these prices are getting closer.
The P/E ratio on this stock has come down to 12.4, which is quite low. What people expect for the EPS for 2008 has not changed, which is a good sign. The Asset/Book Value ratio has been coming down and is now at 2.007, which is good. Unfortunately, the Return on Equity (ROE) has also come down for this quarterly report to 15.5% from 18.7%. The Accrual Ratio is negative, which is great, and the Asset/Liability Ratio is still high at almost 2. All in all, this stock is holding up quite well.
This company has two sections. The Equipment Group is for their Caterpillar dealerships. The Compression Group, designs, engineers, fabricates, installs and services natural gas compression units; and hydrocarbon and petrochemical process compression systems; and industrial and recreational refrigeration compression systems. They do business in Canada only. Its web site is www.toromont.com. See my spreadsheet at www.spbrunner.com/stocks/tih.htm. I have reloaded my spreadsheet to include the June 2008 quarterly report, which is the half way mark for this stock that reports in December each year.
I have updated it with the figures from the June 08 quarterly report.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Wednesday, October 15, 2008
Tuesday, October 14, 2008
Enbridge
This stock (TSX-ENB) is on the Dividend Achievers and the Dividend Aristocrats lists and also on Mike Higgs’ list at http://www.dividendgrowth.org/Report.htm. It is a stock that I notice that many people have been recommending lately. It is hard to know what to buy in such volatile markets, but this stock seems to have done, relatively, well.
I bought this stock in 2005 and I have made an average annual return of only 6%. However, this is because the price of the stock is depressed with the current bear market. Looking around at what people are currently saying about this stock, there are lots of people that look on it currently as a strong buy. It seems to have already made in EPS what it is expected to earn for this year and it is only reporting on June 2008, half way through the year.
This stock has already increased the dividends for this year, in January 2008. The P/E ratio on this stock has already come down quite a bit. Compared to other stocks, the price has not fallen that much. It has a lot of debt, and comparably, a high debt ratio, but seems able to pay off its debts.
Enbridge is focused on three core businesses of crude oil and liquids pipelines, natural gas pipelines, and natural gas distribution. They operate in Canada and US. Its web site is www.enbridge.com.
See my spreadsheet at http://www.spbrunner.com/stocks/enb.htm.
I have updated it with the figures from the June 08 quarterly report.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at http://www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
I bought this stock in 2005 and I have made an average annual return of only 6%. However, this is because the price of the stock is depressed with the current bear market. Looking around at what people are currently saying about this stock, there are lots of people that look on it currently as a strong buy. It seems to have already made in EPS what it is expected to earn for this year and it is only reporting on June 2008, half way through the year.
This stock has already increased the dividends for this year, in January 2008. The P/E ratio on this stock has already come down quite a bit. Compared to other stocks, the price has not fallen that much. It has a lot of debt, and comparably, a high debt ratio, but seems able to pay off its debts.
Enbridge is focused on three core businesses of crude oil and liquids pipelines, natural gas pipelines, and natural gas distribution. They operate in Canada and US. Its web site is www.enbridge.com.
See my spreadsheet at http://www.spbrunner.com/stocks/enb.htm.
I have updated it with the figures from the June 08 quarterly report.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at http://www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Friday, October 10, 2008
The Good, The Bad and The Ugly 2
The market is still very ugly today. Perhaps there is not enough blood on the streets yet. I do not know what to say. The markets have gone insane. Maybe the mob that makes up the market will have the opportunity to rethink what they are doing over our long weekend. Remember that the real losers are those that sell into such a market. If the companies you invest in, do not go bankrupt or are not permanently damaged by the bear market, you will be ok.
Today I want to look closer at the stocks that had dividend increases in September. I was surprised, I must say, that the Pembina Pipelines stocks was given a Hold rating. I know that it is not perfect, but with the dividend increase and insider buying, I was wondering if a Hold rating was deserved. I was therefore already wondering what sort of rating the other stocks for which I got dividend increases in September were fairing via the analysts. These stocks were Manulife Financial, Russel Metals, and Saputo.
The first one is Manulife Financial (TSX-MFC). Wherever I look, I see Buy and Strong Buy ratings on this stock. This is a financial stock and it does have some exposure to the current problems. There is also lots of insider selling. This is mainly by Dominic D'alessandro who is retiring as CEO of this company. This could explain his selling. I have made an average of 9% annual return on this stock since I first bought it in May 2005. However, this is very much slated because of the current bear market.
The next one is Russel Metals (TSX-RUS). There are some Buy ratings on this stock and some Hold ratings. There is also lots of insider selling. You, of course, only know that there is insider selling. No reasons are given and I do not know of any. So far, I have not made any money on this stock, but I just brought it in April 2007. It is far too early to tell how good a stock this will be for me.
The last stock is Saputo (TSX-SUP). There are ratings on this stock from Strong Buys to Holds with the main average being Buy. Here again there is insider selling, but it seems to be all connected to stock options. Since I first bought this stock in November 2007, I have made an average annual return of 16.8%.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Today I want to look closer at the stocks that had dividend increases in September. I was surprised, I must say, that the Pembina Pipelines stocks was given a Hold rating. I know that it is not perfect, but with the dividend increase and insider buying, I was wondering if a Hold rating was deserved. I was therefore already wondering what sort of rating the other stocks for which I got dividend increases in September were fairing via the analysts. These stocks were Manulife Financial, Russel Metals, and Saputo.
The first one is Manulife Financial (TSX-MFC). Wherever I look, I see Buy and Strong Buy ratings on this stock. This is a financial stock and it does have some exposure to the current problems. There is also lots of insider selling. This is mainly by Dominic D'alessandro who is retiring as CEO of this company. This could explain his selling. I have made an average of 9% annual return on this stock since I first bought it in May 2005. However, this is very much slated because of the current bear market.
The next one is Russel Metals (TSX-RUS). There are some Buy ratings on this stock and some Hold ratings. There is also lots of insider selling. You, of course, only know that there is insider selling. No reasons are given and I do not know of any. So far, I have not made any money on this stock, but I just brought it in April 2007. It is far too early to tell how good a stock this will be for me.
The last stock is Saputo (TSX-SUP). There are ratings on this stock from Strong Buys to Holds with the main average being Buy. Here again there is insider selling, but it seems to be all connected to stock options. Since I first bought this stock in November 2007, I have made an average annual return of 16.8%.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Thursday, October 9, 2008
The Good, The Bad and The Ugly
The ugly is the current financial problems. The bad is that we will get hit by them. We are going to have a recession. The good is we will do better than most and much better than the US this time. The other good is that 4 of my stocks raised their dividend payments in September. These stocks were Manulife Financial, Pembina Pipelines, Russel Metals, and Saputo.
You really have to be well positioned going into a volatile market, such as we have. By and large, I have solid dividend paying stock and I stick with them. How am I doing? If you look at total market value, I am way down. If you look at dividend income, I am up. Two of my bank stocks, Royal Bank and Bank of Montreal, have not yet increased their dividends this year. I have not seen anything to suggest they intend to do this. They have had annual increases for quite some time. The other two banks I follow, the TD Bank (which I have) and the Bank of Nova Scotia (which I do not have) have raised their dividend this year.
If your portfolio is well set-up, as mine is; you will survive this market quite nicely. I do not expect this to be easy or worry free, but I will, in the end do quite well. No one knows how long it will take for the market to recover. If you have sold stock into this market, or cannot hold off selling, then there is nothing anyone can do to help you. It is only the ones who are not forced to sell or who do not sell, in this sort of market that survives well.
I mostly live off my investments, so I never have invested money I need currently. I always have money, together with expected dividends, to last 3 to 5 years. I have also try for the 4%, 8% solution. I try to make an 8% average annual return on my investments and I try only to spend an average of 4% of my portfolio each year. The implication of this is that I have an extra 4% to spend every year.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
You really have to be well positioned going into a volatile market, such as we have. By and large, I have solid dividend paying stock and I stick with them. How am I doing? If you look at total market value, I am way down. If you look at dividend income, I am up. Two of my bank stocks, Royal Bank and Bank of Montreal, have not yet increased their dividends this year. I have not seen anything to suggest they intend to do this. They have had annual increases for quite some time. The other two banks I follow, the TD Bank (which I have) and the Bank of Nova Scotia (which I do not have) have raised their dividend this year.
If your portfolio is well set-up, as mine is; you will survive this market quite nicely. I do not expect this to be easy or worry free, but I will, in the end do quite well. No one knows how long it will take for the market to recover. If you have sold stock into this market, or cannot hold off selling, then there is nothing anyone can do to help you. It is only the ones who are not forced to sell or who do not sell, in this sort of market that survives well.
I mostly live off my investments, so I never have invested money I need currently. I always have money, together with expected dividends, to last 3 to 5 years. I have also try for the 4%, 8% solution. I try to make an 8% average annual return on my investments and I try only to spend an average of 4% of my portfolio each year. The implication of this is that I have an extra 4% to spend every year.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Wednesday, October 8, 2008
Pembina Pipelines 2
As I said yesterday, I first brought this stock (TSX-PIF.UN) in December 2001 and I have made an annual rate of return of 15% on this stock. Even though this stock has fallen a lot with the current bear market, any analyst I can find has a hold rating on this stock. I think that is because people see a big risk in the construction of the proposed Nipisi and Mitsue Pipelines. And, also Pembina ships oil from the Canadian Oil Sands. Lets face it, a big chuck of the TSX is resource stocks. Canada is heavy in resources. I invest in such thinks pipelines as a way of investing in our oil, without buying taking on a big risk. This stock is considered a low risk stock compared to oil stocks, which are considered high risk stocks.
Generally, this stock does better than the TSX Utility Index and worse than the TSX index. However, do not forget that the charts only track stock prices. The TSX index does not include dividends. For this stock, for the 5 years ending December 2007, the stock price return was 10%, but the stock price plus dividend return was 18.5%.
Not much has changed since I wrote about this stock yesterday. I have updated my spreadsheet re the 2nd quarterly report of June 2008. The positive things are that the stock price of $12.86 is now below the Graham Price of $13.67, Pembina just upped their dividend payout by 8.3% and there is insider buying.
This is the biggest Pipeline Income Fund in Canada. It is a utility. It is engaged in the transportation of light conventional and synthetic crude oil, condensate and natural gas liquids in Western Canada. Its web site is www.pembina.com. See my spreadsheet on this company at www.spbrunner.com/stocks/pif.htm. I have reloaded my spreadsheet with the second quarter report of June 2008.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Generally, this stock does better than the TSX Utility Index and worse than the TSX index. However, do not forget that the charts only track stock prices. The TSX index does not include dividends. For this stock, for the 5 years ending December 2007, the stock price return was 10%, but the stock price plus dividend return was 18.5%.
Not much has changed since I wrote about this stock yesterday. I have updated my spreadsheet re the 2nd quarterly report of June 2008. The positive things are that the stock price of $12.86 is now below the Graham Price of $13.67, Pembina just upped their dividend payout by 8.3% and there is insider buying.
This is the biggest Pipeline Income Fund in Canada. It is a utility. It is engaged in the transportation of light conventional and synthetic crude oil, condensate and natural gas liquids in Western Canada. Its web site is www.pembina.com. See my spreadsheet on this company at www.spbrunner.com/stocks/pif.htm. I have reloaded my spreadsheet with the second quarter report of June 2008.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Tuesday, October 7, 2008
Pembina Pipelines
I first brought this stock (TSX-PIF.UN) in December 2001. I have made an annual rate of return of 15% on this stock. The yield is usually around 7% on this stock. I looked at it today and it is 10.6%. Of course, the market is way down on everything. If I look at my year to day earnings on this stock, I have lost 3%. This loss is because of the price of the stock. It is still producing strong dividends. In fact, for the September distribution they have increased their dividend.
The dividends (or distributions) for this stock has been increased by almost 14% this year. This is a type of stock where the dividends are good, but the dividend increases are sporadic. However, the dividend increases tend to be greater than inflation.
The best place I know to get good information on Income Trust stocks to buy is the Money Reporter produced by MPL Communications. They have a site called http://www.adviceforinvestors.com/ and if you click on the “About and Contact” button (top right of web page), you will be offered this newsletter for an introductory price of $38 for the first year. I do not tend to get such publications regularly, but every once in a while I sign up again for 6 months or a year to find new stocks to invest in.
For the 5 years ending at December 2007, this stock’s revenue has gone up 17.6% per year, Earnings per Share (EPS) has gone up 14% per year, dividends have gone up 5.5%, closing price has gone up 10% per year, with the price plus dividend giving a total return of 18.5% per year. During this period the Operational Cash Flow has only gone up 6.3% per year.
The negatives are that the Graham Price is only $12.79 at the December 2007 year end against the Closing Price of $17.54. The Accrual Ratio is very high at 12%.
The Current Asset /Current Liability ratio is low at .89, but the Asset/Liability Ratio is much better at 1.86. The Return on Equity (ROE) has been improving and this is good. The Book Value per share is not improving; however, this is to be expected because of high payouts under this income trust.
This has been a good stock for me, as it has delivered good dividends and some growth.
This is the biggest Pipeline Income Fund in Canada. It is a utility. It is engaged in the transportation of light conventional and synthetic crude oil, condensate and natural gas liquids in Western Canada. Its web site is www.pembina.com. See my spreadsheet on this company at www.spbrunner.com/stocks/pif.htm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www./spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
The dividends (or distributions) for this stock has been increased by almost 14% this year. This is a type of stock where the dividends are good, but the dividend increases are sporadic. However, the dividend increases tend to be greater than inflation.
The best place I know to get good information on Income Trust stocks to buy is the Money Reporter produced by MPL Communications. They have a site called http://www.adviceforinvestors.com/ and if you click on the “About and Contact” button (top right of web page), you will be offered this newsletter for an introductory price of $38 for the first year. I do not tend to get such publications regularly, but every once in a while I sign up again for 6 months or a year to find new stocks to invest in.
For the 5 years ending at December 2007, this stock’s revenue has gone up 17.6% per year, Earnings per Share (EPS) has gone up 14% per year, dividends have gone up 5.5%, closing price has gone up 10% per year, with the price plus dividend giving a total return of 18.5% per year. During this period the Operational Cash Flow has only gone up 6.3% per year.
The negatives are that the Graham Price is only $12.79 at the December 2007 year end against the Closing Price of $17.54. The Accrual Ratio is very high at 12%.
The Current Asset /Current Liability ratio is low at .89, but the Asset/Liability Ratio is much better at 1.86. The Return on Equity (ROE) has been improving and this is good. The Book Value per share is not improving; however, this is to be expected because of high payouts under this income trust.
This has been a good stock for me, as it has delivered good dividends and some growth.
This is the biggest Pipeline Income Fund in Canada. It is a utility. It is engaged in the transportation of light conventional and synthetic crude oil, condensate and natural gas liquids in Western Canada. Its web site is www.pembina.com. See my spreadsheet on this company at www.spbrunner.com/stocks/pif.htm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www./spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Monday, October 6, 2008
Computer Modelling Group 3
I said the other day, before being distracted by the problems with my Rogers site; I would take another look at this small cap stock to see how it is faring in this difficult market. The short answer is that it is doing quite well.
Since I last reported on this stock in July 2008, the stock has split on a 2 or 1 basis and the company has increased their annual dividends. This is the second increase for this year and also they have issued a special dividend this year. Their dividends are now up 125% from last year. This would mean that the dividend would be 122% of the EPS that is expected this year. It would seem that the company expects the EPS to be higher than what is expected.
Even though the stock is up for the year, it has, however, it has been coming down since August 2008. It certainly has done much better than the TSX and better than the TSX InfoTech Index. The Accrual Ratio is still good at “-4.5%”, The Graham price is still a distance from the stock price and that makes this a risky stock. However, they are increasing their earnings and revenue.
Will this stock be a future dividend paying growth stock added to our lists of such stocks? Only time will tell.
This company is a computer software technology and consulting firm engaged in the development and sale software. Its web site is www.cmgl.ca. See my spreadsheet on this company at www.spbrunner.com/stocks/cmg.htm. I have reloaded my spreadsheet with the first quarter report of June 2008.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on web site.
Since I last reported on this stock in July 2008, the stock has split on a 2 or 1 basis and the company has increased their annual dividends. This is the second increase for this year and also they have issued a special dividend this year. Their dividends are now up 125% from last year. This would mean that the dividend would be 122% of the EPS that is expected this year. It would seem that the company expects the EPS to be higher than what is expected.
Even though the stock is up for the year, it has, however, it has been coming down since August 2008. It certainly has done much better than the TSX and better than the TSX InfoTech Index. The Accrual Ratio is still good at “-4.5%”, The Graham price is still a distance from the stock price and that makes this a risky stock. However, they are increasing their earnings and revenue.
Will this stock be a future dividend paying growth stock added to our lists of such stocks? Only time will tell.
This company is a computer software technology and consulting firm engaged in the development and sale software. Its web site is www.cmgl.ca. See my spreadsheet on this company at www.spbrunner.com/stocks/cmg.htm. I have reloaded my spreadsheet with the first quarter report of June 2008.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on web site.
Thursday, October 2, 2008
I Do Not Know What Rogers Is Doing 2
I looked recently and you can still access the spreadsheets on my site via this blog. I just cannot update them.
My Internet Service Provider (ISP) is Rogers. They have this Rogers/Yahoo thing that it is Yahoo that provides Roger’s customers with a free internet site. All ISP provide this feature, whether or not people are aware of it. Anyway, it is to be ad free. It is sort of. I do not get the ads that Yahoo puts on their “free” sites. I do get those annoying little Yahoo boxes instead. I have not been able to get into my Rogers/Yahoo site for the past 3 days. At first, it was only via their Rogers/Yahoo main sign in site. Now I cannot access it via File Transfer Protocol (FTP).
Anytime I try to access the Rogers/Yahoo site I get a site that asks me to purchase an ad free web site from yahoo for $8.95 a month. This is not what it appears to be. All these “monthly” deals want you to pay 12 - 24 months of fees upfront when you sign up. Yahoo sites are not great deals when it comes to web sites. They are expensive and have limited features.
What I did was sign up with a US Web Sit Provider for $4.95 a month ($US) for 24 months. That is I paid $118.80 $US. No matter what our currency is at, this is a better deal. It also has unlimited space and unlimited bandwidth and is feature heavy.
One of the downsides to some US providers is their moral codes, which, if you violate they can terminate your contract and take down your web site and you have no recourse. (Always read the conditions you accept when signing up for anything on the web, or anywhere else for that matter.) The Blue Host company I signed up with will not tolerate pornography or swearing. Since I plan to talk about investments, and swearing is not really my thing, this does not bother me.
Now that I have a brand new site, I have to set it up and get it going. I had decided some months ago to revamp my site, so I will finish that and get it going as soon as I can.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
My Internet Service Provider (ISP) is Rogers. They have this Rogers/Yahoo thing that it is Yahoo that provides Roger’s customers with a free internet site. All ISP provide this feature, whether or not people are aware of it. Anyway, it is to be ad free. It is sort of. I do not get the ads that Yahoo puts on their “free” sites. I do get those annoying little Yahoo boxes instead. I have not been able to get into my Rogers/Yahoo site for the past 3 days. At first, it was only via their Rogers/Yahoo main sign in site. Now I cannot access it via File Transfer Protocol (FTP).
Anytime I try to access the Rogers/Yahoo site I get a site that asks me to purchase an ad free web site from yahoo for $8.95 a month. This is not what it appears to be. All these “monthly” deals want you to pay 12 - 24 months of fees upfront when you sign up. Yahoo sites are not great deals when it comes to web sites. They are expensive and have limited features.
What I did was sign up with a US Web Sit Provider for $4.95 a month ($US) for 24 months. That is I paid $118.80 $US. No matter what our currency is at, this is a better deal. It also has unlimited space and unlimited bandwidth and is feature heavy.
One of the downsides to some US providers is their moral codes, which, if you violate they can terminate your contract and take down your web site and you have no recourse. (Always read the conditions you accept when signing up for anything on the web, or anywhere else for that matter.) The Blue Host company I signed up with will not tolerate pornography or swearing. Since I plan to talk about investments, and swearing is not really my thing, this does not bother me.
Now that I have a brand new site, I have to set it up and get it going. I had decided some months ago to revamp my site, so I will finish that and get it going as soon as I can.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
Wednesday, October 1, 2008
I do not know what Rogers is Doing
I have a site from Rogers, as they are my ISP. However, I can no longer access my site to update it. The current spreadsheets seem to be available at the moment, but I can no longer update any spreadsheet.
Organic Resource Management 2
As I said yesterday, I bought this stock in 1997 (TSX-ORI) and it did not do too badly at first, but since that time it has lost money quite steadily. The problem with small caps is the lack of information on them. There is often very few to no analyst following a small cap stock. The only place I have found to provide small cap information on a Canadian Stock is http://agoracom.com/.
For this stock there was some insider selling in December 2007, as tax liability money was needed. Lately, there has been some insider buying. During the past year, this stock has done as well as the TSX Small Cap Index. However, if you look at the 3 year, 5 year and 10 year periods, this stock has done much worse than the TSX Small Cap Index. Over the past year, 3 year, 5 year and 10 year periods, the TSX Small Cap Index has done much worse than the TSX.
Since there has been a restructuring of this stock in December 2007, it is too soon to tell what might happen. The only reason I still have this stock is that it is worth so little, that it not worthwhile selling. I am also interested to see what happens to this stock eventually. I will pay attention to this stock, at least yearly if I have some.
I have lately bought a dividend paying small cap called Computer Modelling Group Ltd, which I have already talked about, and will have another look at it tomorrow. I want to check to see how it is holding up during this difficult market.
The Company’s core business is the regularly scheduled collection of non-hazardous liquid organic residuals. It collects, processes and recycles these wastes. Its site is at www.ormi.com/ormi/. See my spreadsheet at www.spbrunner.com/stocks/ori.htm. I have reloaded my spreadsheet with new current Closing Price. There is nothing else to put there as I have just updated it for the Annual Report of June 2008.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
For this stock there was some insider selling in December 2007, as tax liability money was needed. Lately, there has been some insider buying. During the past year, this stock has done as well as the TSX Small Cap Index. However, if you look at the 3 year, 5 year and 10 year periods, this stock has done much worse than the TSX Small Cap Index. Over the past year, 3 year, 5 year and 10 year periods, the TSX Small Cap Index has done much worse than the TSX.
Since there has been a restructuring of this stock in December 2007, it is too soon to tell what might happen. The only reason I still have this stock is that it is worth so little, that it not worthwhile selling. I am also interested to see what happens to this stock eventually. I will pay attention to this stock, at least yearly if I have some.
I have lately bought a dividend paying small cap called Computer Modelling Group Ltd, which I have already talked about, and will have another look at it tomorrow. I want to check to see how it is holding up during this difficult market.
The Company’s core business is the regularly scheduled collection of non-hazardous liquid organic residuals. It collects, processes and recycles these wastes. Its site is at www.ormi.com/ormi/. See my spreadsheet at www.spbrunner.com/stocks/ori.htm. I have reloaded my spreadsheet with new current Closing Price. There is nothing else to put there as I have just updated it for the Annual Report of June 2008.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.
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