ABC Funds president is scoring big gains for Internet Wealth Builder members.
Irwin Michael, the founder and president of the high-performance ABC family of mutual funds, has been helping Internet Wealth Builder members score some big profits in recent months.
Irwin, who is a contributing editor to the weekly e-mail newsletter, is well-known in the financial community as one of Canadas top value managers. His stock choices are based on elaborate and highly-disciplined research and he tends to focus on companies that are overlooked by other analysts.
Here are a few of his recent winners.
SOLD
Masonite International (TSX: MHM). Recommended in July 2000. Sold in September 2003. Profit: 115%.
JC Penney (NYSE: JCP). Recommended in May 2003. Sold in March 2004. Profit: 91%.
La Senza (TSX: LSZ). Recommended in October 2001. Sold in September 2003. Profit: 83%.
Canadian Natural Resources (TSX: CNQ). Recommended in June 2001. Sold in April 2004. Profit: 57%.
Lassonde Industries (TSX: LAS.A). Recommended in April 2003. Sold in April 2004. Profit: 22%.
CONDITIONAL SELL
Teck Cominco (TSX: TEK.B). Recommended in August 2001. Conservative investors were advised to take profits in December 2003. Profit: 67%.
STILL HOLDING
Riverside Forest Products (TSX: RFP). Recommended in December 2001. Status as of July 7/04: 88% gain.
Shermag (TSX: SMG). Recommended in February 2001. Status as of July 7/04: 41% gain.
Canfor Corp. (TSX: CFP). Recommended in July 2002. Status as of July 7/04: 35% gain.
E-L Financial (TSX: ELF). Recommended in May 2002. Status as of July 7/04: 33% gain.
Irwins columns appear in the first issue of the Internet Wealth Builder each month.
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