EYE ON EQUITIES: STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN
ALLAN ROBINSON
January 15, 2008
SHAW COMMUNICATIONS: (SJR.B-TSX)
Yesterday's close $21.31, down 69¢
Recent weakness in the shares of Shaw Communications Inc. is a buying opportunity, said Jeffrey Fan, an analyst with UBS Securities.
Upside: Shaw's operating profit should increase as a result of subscriber growth and cost savings, Mr. Fan said. Long-term growth could be helped if the company participates in a wireless spectrum auction in May, he said. The share price target is $27.
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AURELIAN RESOURCES: (ARU-TSX)
Yesterday's close $8.90, up 36¢
Genuity Capital Markets has initiated coverage on six junior mineral exploration companies with "buy" ratings. They could be taken over or strike deals with other producers, it said.
Upside: The largest by market capitalization is Aurelian Resources Inc., which Genuity estimates could more than double in price. The others are Rainy River Resources Ltd., Virginia Mines Inc. International Tower Hill Mines Ltd., Continental Nickel Ltd. and Eastmain Resources Inc.*****S&P/TSX CAPPED REIT
Yesterday's close 129.58, up 0.26
The cash distribution yields on real estate investment trusts (REITs) look appealing and are now at their most attractive level compared with long-term government bonds since early 1999, Canaccord Capital said.