The Successful Investor Hotline – Friday, June 29, 2012

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $74.72, Toronto symbol CP, has appointed Hunter Harrison as a director and its new chief executive officer. Mr. Harrison is the former CEO of Canadian National Railway Co. (Toronto symbol CNR). CP feels Mr. Harrison will duplicate his success at CN, which included improving efficiency and speeding up deliveries. New trains and the recent drop in oil prices should also boost CP’s profitability. CP is our #1 buy for 2012. CP Rail was recently covered in the July 2012 issue of The Successful Investor. Click here to access it. CP Rail was recently covered in The Successful Investor Hotline for June 8, 2012. Click here to access it. RESEARCH IN MOTION LTD., $7.54, Toronto symbol RIM, lost $518 million, or $0.99 a share, in its fiscal 2013 first quarter, which ended June 2, 2012 (all amounts except share price in U.S. dollars). If you exclude a $326-million (after-tax) writedown of goodwill, the company would have lost $192 million, or $0.37 a share…