I issued a “buy” recommendation on auto parts maker Linamar Corporation in April 2009 at $2.20,
That pushed the share price up to $8.24 a share, for a gain of 274.5%.
A year after my original recommendation, it hit $19.64. That’s a gain of 792.7%!
You’ll find answers to these questions (and several more that may not have occurred to you) in Volume 5 of the Investor’s Guide, The Uses and Abuses of P/E Ratios.
Readers of The Successful Investor have made incredible profits over the years from companies that have hidden assets. For example…
Teranet Income Fund soared 31% in one month on a takeover bid after the Ontario Municipal Employees Retirement System recognized the value of its exclusive license from the Ontario government to operate the government’s land registry.
Canadian Tire tripled in price as its investments in technology and new-format stores began to pay off.
Canadian Pacific doubled when it started to liquidate its real estate holdings, freeing up more than a billion dollars, cutting its debt and allowing it to focus on its core businesses.
Alcan, a Canadian aluminum producer, soared 68.7% in just 2 months when Rio Tinto Ltd. made a successful takeover bid for the company after recognizing it had access to cheap electricity, a key component in aluminum production, at a time of soaring energy prices.
Exclusive Special Report #5: 5 Essential Resource Stocks for Conservative Investors. In this report, I name 5 natural resource-related companies that I see as bargains waiting to explode as emerging market demand heats up.