I
believe many outstanding buying opportunities exist among undervalued
Canadian stocks. Canada's banks were not allowed to sell risky loans,
its housing market remains solid, its economic growth continues to
climb, and its debt remains low. I screened my Ben Graham Database to find Canadian companies with rapidly growing earnings and strong balance sheets. The 4 stocks below offer excellent appreciation potential during the next six to 12 months.
Based in Calgary, Agrium (AGU) is a leading producer, wholesaler and retailer of agricultural nutrients and industrial products in North and South America. Products include nitrogen, phosphate and potash fertilizers; herbicides, insecticides and fungicides; and seeds.
Nitrogen fertilizers account for 37% of Agrium’s wholesale business and are enjoying increased profi ts because of the low price of natural gas, which is used as an ingredient in the manufacturing process. (more)
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