Buy after a “haircut”

BREAKWATER RESOURCES $2.94 (Toronto symbol BWR; SI Rating: Speculative) (416-363-4798; www.breakwater.ca; Shares outstanding: 70.2 million; Market cap: $206.5 million; No dividends paid) has carried out a consolidation (or “cutback” or “reverse split”) of its shares on a 1-for-10 basis. That cut its shares outstanding from… Read More