March 31, 2014 Comments

On Monday, the S&P 500 rose 0.8% and Toronto rose 0.5%.

Almost all of the stocks on our list were up today.

It’s been a good start to the year and those of us who have been brave enough to be owners of corporations via the stock market have been rewarded. Those who totally shun stock markets avoid volatility but forego much in terms of long term wealth creation.

I notice Boston Pizza was one of very few (on our list) to decline today, down 1% to $19.53. We recently rated it (higher) Buy at $19.55. Boston Pizza also thinks the price is attractive and after the close today signalled that it will be buying shares on an automatic basis. I believe this will start immediately. They apparently had not bought back any shares for at least six months.

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