InvestorsFriend Stock Performance 2004

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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