Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, March 7, 2008

Article Excerpt

The markets rattled many investors this week with steep one-day drops. At times like this, it’s good to remember that even when a further decline lies ahead, high volatility generally signals that it’s “a good time to buy”, rather than “a good time to sell”. It’s also encouraging to see that despite the steep one-day drops, most major market indexes are still at or above the lows they hit in January. MAJOR DRILLING, $57.65, symbol MDI on Toronto, reports that revenues rose 34.1% in the three months ended January 31, 2008, to $120.8 million from $90.1 million. Excluding one-time items, earnings rose 35.1%, to $7.7 million from $5.7 million. Earnings per share rose 28%, to $0.32 from $0.25 on more shares outstanding. Cash flow per share rose 7.7%, to $0.70 from $0.65. Despite the strong results, revenues and earnings were held back as heavy rains in Africa, Australia, Mexico and Ecuador and extreme weather in Canada slowed operations. The high Canadian…