BUY AND SELL

There's life after Valeant in the Canadian health care space, this fund manager says

March 8, 2017

Jonathan Ratner, Financial Post – Valuations are certainly near their historical highs, but investors can’t use that as a reliable timing tool. Nonetheless, it’s something they always have to be cognizant of, because when a trend shifts in the other direction, it often moves from one extreme to another.

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Staying on the Offensive

Market Due for Correction

August 20, 2014

Jonathan Ratner, Financial Post – Bruce Campbell is staying on the offensive in positioning the Redwood Equity Growth Class, despite acknowledging that the market is due for some sort of correction.

The portfolio manager at Kelowna, B.C.-based StoneCastle Investment Management has also made some significant changes to the fund as a result of both the macro economic outlook and the performance of certain sectors.

The fund ranks first in Morningstar’s Canadian equity category over a one-year period.

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What’s a Penny Worth?

One-cent Miss Drives Down AutoCanada Stock

August 8, 2014

Gary Lamphier, Edmonton Journal – For AutoCanada Inc., the answer is apparently $139 million in market value. That’s how much was erased from the company’s market cap Friday, after AutoCanada posted second-quarter earnings that were a penny below Bay Street’s consensus estimate.

AutoCanada reported final net earnings of $12.8 million or 59 cents a share for the quarter ended June 30. But after adjusting for non-cash based stock compensation, earnings were 61 cents a share — one cent shy of the consensus forecast.

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52 Percent Return Last Year

Discover this Unknown Gem

June 9, 2014

Every once in a while I use the fund filter tool on the GlobeinvestorGold website to check which mutual funds and ETFs are doing unusually well. Often this exercise turns up some surprises and occasionally it reveals a virtually unknown gem.

One of those gems turned up when I did my latest search for the top performing funds over the past years (to April 30). Almost buried in the clutter of high-performing energy funds was the Redwood Equity Growth Class, which was showing a one-year gain of just over 52 per cent. I hadn’t come across this fund before so I did some research on it.

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