Strong Buys were up an average of 25.1% in 2004, Buys were up 24.9%.
| Group | Rating to start 2004 | Price Increase | Our Performance | ||
| Average of 5 strong buys | Strong Buy | 25.1% | very good | ||
| Average of 6 buys | Buy | 24.9% | very good | ||
| Average for all 11 buys and strong buys | 25.0% | ||||
| Average of 7 weak buys | Weak Buy | 23% | very good | ||
| Average of 2 weak sells | Weak Sell | 61% | very bad | ||
| Average for all 9 Neutral ratings (weak buy or weak sell) | 31.6% | ||||
| Average of 2 sells | Sell | 5% | bad | ||
| Average of 1 strong sells | Strong Sell | -98% | n.a. | ||
| Average for all 3 sells and strong sells | -29.4% | ||||
| Rated As – Strong Buy at January 1, 2004 | |||||
| Name | Beginning 2004 Price | Starting Rating | Ending 2004 Price | Price Increase | Our Performance |
| Northbridge Financial Corporation (NB, Toronto) | 20.90 | (higher) Strong Buy | 29.2 | 40% | very good |
| Kingsway Financial Services Inc. (KFS, Toronto) | 14.60 | Speculative Strong Buy | 19 | 30% | very good |
| Sico Inc. (SIC, Toronto) | 25.20 | Strong Buy | 26.7 | 6% | good |
| Sportscene Restaurants Inc. (SPS.mva, Canadian Venture) | 5.00 | Strong Buy | 7 | 40% | very good |
| MELCOR DEVELOPMENTS LTD. (MRD, Toronto) | 46.50 | Strong Buy | 51 | 10% | good |
| Average Strong buy | Strong buy | 25% | very good | ||
| 5 | |||||
| Rated As – Buy | |||||
| Name | Beginning 2004 Price | Rating to start 2004 | End 2004 Price | Price Increase | Our Performance |
| Manulife Financial (MFC, Toronto) | 41.85 | (higher) Buy | 55.4 | 32% | very good |
| A.G.F. Management Limited (AGF.B, Toronto) | 17.50 | Buy | 17.6 | 1% | good |
| Canadian Tire (CTR.nv, TO) | 39.45 | (lower) Buy | 56.21 | 42% | very good |
| Sleeman Breweries Ltd. (ALE, TO) | 9.90 | Buy | 14 | 41% | very good |
| Transcontinental Inc. (TCL.sva, TO) | 24.00 | Buy | 23.31 | -3% | bad |
| Canadian Western Bank (CWB, Toronto) | 19.67 | (lower) Buy | 26.58 | 35% | very good |
| Average Buy | Buy | 25% | very good | ||
| 6 | |||||
| Rated As Weak Buy | |||||
| Name | Beginning 2004 Price | Rating to start 2004 | End 2004 Price | Price Increase | Our Performance |
| Stantec Inc. (STN, Toronto) | 22.10 | Weak Buy / Hold | 26.48 | 20% | good |
| Cognos (CSN, Toronto) | 39.61 | Weak Buy / Hold | 52.82 | 33% | very good |
| Loblaw Companies Limited (L, Toronto) | 66.80 | Weak buy / hold | 72.02 | 8% | good |
| DALSA CORPORATION (DSA, Toronto) | 14.64 | Speculative Hold | 20.98 | 43% | very good |
| TSX Group (X, Toronto) | 42.90 | Weak Buy / Hold | 53.69 | 25% | very good |
| THE FORZANI GROUP LTD. (FGL, Toronto) | 16.25 | Weak Buy | 12.06 | -26% | very poor |
| BW Technologies Ltd. (BWT, Toronto) | 22.60 | Weak Buy / Hold | 36 | 59% | very good |
| Average Weak Buy | Weak Buy | 23% | very good | ||
| 7 | |||||
| Rated As – Weak Sell | |||||
| Name | Beginning 2004 Price | Rating to start 2004 | End 2004 Price | Price Increase | Our Performance |
| Canadian National Railway Company (CNR, Toronto) | 54.67 | Weak Sell | 73.07 | 34% | very bad |
| HOME CAPITAL GROUP INC (HCG, Toronto) | 16.63 | Weak Sell / Hold | 31.25 | 88% | very bad |
| Average Weak Sell | Weak Sell | 61% | very bad | ||
| 2 | |||||
| Rated As – Sell | |||||
| Name | Beginning 2004 Price | Rating to start 2004 | End 2004 Price | Price Increase | Our Performance |
| Sino-Forest (TRE, Toronto) | 5.16 | Sell | 3.43 | -34% | very good |
| Maple Leaf Foods Inc. (MFI, Toronto) | 10.50 | Sell | 15.01 | 43% | very bad |
| Average Sell | Sell | 5% | bad | ||
| 2 | |||||
| Rated As – Strong Sell | |||||
| Name | Beginning 2004 Price | Rating to start 2004 | End 2004 Price | Price Increase | Our Performance |
| AIR CANADA CORP (AC, Toronto) | 1.33 | Strong Sell | 0.03 | -98% | very good |
| Average Sell / Strong Sell | -29% | ||||
DISCLAIMER: The information presented is not a recommendation to buy or sell any security. The author is not a registered investment advisor and the information presented is not to be considered investment advice. The reader should consult a registered investment advisor or registered dealer prior to making any investment decision. For ease of writing style the newsletter and articles are written in the first person. But, legally speaking, all information and opinions are provided by InvestorsFriend Inc. and not by the author as an individual.
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