Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, April 16, 2010

Article Excerpt

AMAZON.COM INC., $142.17, symbol AMZN on Nasdaq, has received approval from the Canadian government to open a distribution centre in Canada. In 2002, the government let Amazon open a Canadian web site, www.amazon.ca, but would not let the company build a warehouse because of concerns about foreign ownership of Canadian cultural industries. Right now, Canadian orders are handled in the United States, and shipped into the country through a subsidiary of Canada Post. Amazon will invest $20 million in the new warehouse. It has also promised to invest $1.5 million to promote Canadian culture and authors, and make more Canadian content available to users of its Kindle electronic-book reader. The new warehouse should help Amazon cut its costs. That should let it gain market share in Canada by lowering the prices of its books and merchandise. Amazon.com is still a hold. RUBY TUESDAY INC., $11.54, symbol RT on New York, has reported higher-than-expected profits in its latest quarter. Ruby Tuesday owns 659 of…