Colossus Minerals Inc (C-CSI) - In the News

Globe says get good momentum with Cott, others

2009-11-25 07:34 ET - In the News
Shares issued 72,726,813
CSI Close 2009-11-24 C$ 5.41

From In the News (C-BCB) Cott Corp

The Globe and Mail attempts to identify stocks that have good momentum in its Wednesday, Nov. 25, edition. The Globe's John Heinzl writes in the Number Cruncher column that he uses a "momentum model" developed by equity research and portfolio analysis firm CPMS to find stocks that have "got the wind at their back." Since CPMS's inception in 1985, the model has generated an annualized return of 21.9 per cent, compared with an 8.4-per-cent gain for the S&P/TSX. Mr. Heinzl warns this strategy is not for the faint of heart because the model selects many volatile small-cap stocks, plus CPMS's portfolio turnover averages about 200 per cent a year. This is not a buy-and-hold strategy by any means. The model looks for stocks with upward estimate revisions, positive earnings surprises versus analyst expectations, growing earnings and short-term price momentum. The model was trailing the S&P/TSX earlier this year, but it has outperformed the index in the fourth quarter. CPMS notes that small caps usually do well following an economic downturn. Mr. Heinzl's list of momentum stocks include Cott, Cascades, Cinram International Income Fund, DragonWave, Colossus Minerals and Dundee Precious Metals.