. Fundamentally, the company had delivered strong operational results, and over the years, the company has reported a string of better-than-expected quarterly earnings results. While the stock appears to be fairly valued at current levels, acquisition and organic growth could lead to positive earnings revisions and further upside potential in the stock price.
. There is no question that turning around this ship will take time. But with a handsome dividend, accompanied by the dividend tax credit, it makes for a pretty juicy return. For subscribers.When shares of Uber Technologies Inc. began trading last week following a much-anticipated initial public offering,
the ride-hailing company joined the list of unprofitable companies debuting on the stock market this year, drawing comparisons to the nutty peak of the dot-com era. But wait: Is profitability really so important for relatively young companies with a lot of opportunity ahead of them? Given the success of companies such as Amazon.com Inc., Netflix Inc., Ottawa-based Shopify Inc. and others, perhaps not. Ian McGugan reports .Story continues below advertisementA regulatory filing on Wednesday confirmed how much: 483,300 shares, or US$860.6-million worth of stock, as of March 31.
, led by Magna International Inc.. Canfor Corp. is the second most oversold stock, followed by SNC-Lavalin Inc., Toromont Industries Ltd., AG Growth international Inc. and Fortuna Silver Mines Inc. There are 23 technically extended, overbought index stocks this week. WestJet Airlines Ltd is well above the RSI sell signal of 70 with a level of 87. Air Canada, Thomson Reuters Corp., Boyd Group Income Fund, Element Fleet Management Corp and Hydro One follow. Scott Barlow reports .