Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, June 27, 2014

Article Excerpt

DOREL INDUSTRIES, $38.69, symbol DII.B on Toronto, has agreed to buy Hong Kong-based Lerado Group, a maker of baby strollers and infant car seats, for $120 million. Lerado also makes baby beds, high chairs and baby bouncers. The acquisition includes four facilities—a research centre in Taiwan and three manufacturing plants in China. These will be Dorel’s first company-owned factories in Asia, which reduces its reliance on third-party suppliers in the region; Dorel will now be able to make its own products to sell in China and export around the world. Right now, the company’s juvenile division gets only a small part of its sales from China. But China’s new infant-seat laws and growing middle class make it a great place for Dorel to expand. Dorel Industries is a buy. Dorel Industries was recently covered in the April 2014 issue of Stock Pickers Digest. Click here to access it. Dorel Industries was recently covered in the February 2014 issue of Stock Pickers Digest. Click here to…