Fortis Inc. $27 – Toronto symbol FTS

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FORTIS INC. $27 earned $41.5 million in the second quarter of 2007, up 9.5% from $37.9 million a year earlier. However, per-share earnings fell 16.2%, to $0.31 from $0.37. That’s because Fortis issued $1.15 billion worth of new shares to help pay for its May, 2007 purchase of B.C. gas distributor Terasen. Revenue jumped to $565.9 million from $345.9 million, partly due to the new operations. Regulated operations now account for 92% of Fortis’s assets, which cuts its risk. Buy. TECK COMINCO LTD. $43 (Toronto symbol TCK.B) has moved down in the past month as the slowdown in U.S. housing markets has cut demand for zinc, which helps prevent steel construction materials from rusting. Zinc accounts for about a third of Teck’s revenue, but its recent purchase of copper producer Aur Resources helps cut its risk. Buy. THE THOMSON CORP. $43 (Toronto symbol TOC) has added to its Thomson Tax & Accounting division with the purchase of the property tax business of…