Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 17, 2010

Article Excerpt

TOROMONT INDUSTRIES, $26.70, symbol TIH on Toronto, has announced a big contract with Detour Gold Corporation to supply a fleet of mining trucks for the Detour Lake gold project in northern Ontario. Toromont will deliver the initial fleet of 18 Caterpillar 795F AC mining trucks from late 2011 through 2012. In all, the order is worth about $125 million. Detour also agreed to expand the order to 36 mining trucks at a later date. That would boost the order’s value to $304 million. To put these figures in perspective, Toromont’s revenue was $594.2 million in the latest quarter. Toromont has two divisions: the equipment group and the compression group. The equipment group’s Caterpillar dealership is one of the world’s largest, covering Ontario, Manitoba, Newfoundland and Labrador, and Nunavut. Toromont is still a buy. 20-20 TECHNOLOGIES INC., $3.10, symbol TWT on Toronto, earned $840,000, or $0.04 a share, in the three months ended July 31, 2010. A year earlier, it earned $1 million,…