When a stock breaks through a 52-week high it can be both a good and bad thing. It is good because clearly there has been more interest in the company’s stock as it enticed more investment. Concurrently, this can also be a sign of overbuying and raising valuation metrics of a company to pricy multiples. Nevertheless, the stocks on our list today have momentum on its side.
Clairvest Group Inc. (TSX: CVG) – $30.11
Investment Management & Fund Operators
Clairvest Group Inc. (Clairvest) is a Canada-based provider of private equity financing to mid-market companies. The Company actively seeks to form mutually beneficial investments with entrepreneurial corporations. Clairvest invests its own capital, and that of third-parties, through Clairvest Equity Partners Limited Partnership, Clairvest Equity Partners III Limited Partnership, Clairvest Equity Partners IV Limited Partnership, Clairvest Equity Partners IV-A Limited Partnership, Clairvest Equity Partners V Limited Partnership and Clairvest Equity Partners V-A Limited Partnership. It invests in industry sectors, such as gaming, equipment rental, contract manufacturing, outdoor advertising and waste management.
- Market Cap: $451,244,577
- 52-week High: $30.11
- Revenue (LTM): $104,327,000
- Price Change (YTD): +12.3%
Integrated Asset Management Corp. (TSX: IAM) – $1.18
Investment Management & Fund Operators
Integrated Asset Management Corp. (IAM) is a Canada-based company that develops, distributes and manages alternative investments (including private debt, real estate, managed futures and private equity) that allow investors to reduce risk and enhance returns in their investment portfolios.
- Market Cap: $31,172,800
- 52-week High: $1.20
- Revenue (LTM): $17,024,050
- Price Change (YTD): +48.2%
Richelieu Hardware Ltd. (TSX: RCH) – $68.90
Home Furnishings
Richelieu Hardware Ltd is an importer, distributor, and manufacturer of specialty hardware and related products. The Company offers over 100,000 products (SKUs) in a range of categories, including kitchen accessories, lighting systems, finishing and decorating products, functional hardware, ergonomic workstations, closet and kitchen storage solutions, sliding door systems, decorative and functional panels, high-pressure laminates, floor protection products, and window and door hardware.
- Market Cap: $1,347,957,004
- 52-week High: $70.00
- Revenue (LTM): $695,766,000
- Price Change (YTD): +22.8%
New Flyer Industries Inc. (TSX: NFI) – $18.66
Heavy Machinery & Vehicles
New Flyer Industries Inc. (NFI) is a manufacturer of heavy-duty transit buses and a provider of aftermarket parts and support. The Company designs and manufactures a variety of heavy-duty transit buses from 30 feet to 60 feet in length with seating capacity for up to 65 passengers. Heavy-duty buses use a variety of propulsion systems in addition to diesel, including diesel, diesel-electric hybrid systems, CNG systems and zero emission electric trolleys.
- Market Cap: $1,010,991,519
- 52-week High: $18.42
- Revenue (LTM): $1,831,835,123
- Price Change (YTD): +36.4%
Canlan Ice Sports Corp. (TSX: ICE) – $3.74
Leisure & Recreation
Canlan Ice Sports Corp. (Canlan) is engaged in the business of acquisition, development and operation of multi-purpose recreation and entertainment facilities. The Company operates in seven segments: Ice/Field Sales and Internal Programming (grouped as Ice and Field Sales); Food & Beverage; Tournaments Operations; Sports Store Operations; Sponsorship; Space Rental and Management and Consulting Services. It offers various branded programs, which include youth 3 on 3, Canlan Classic Tournaments, Hockey Academy, Skating Academy and Canlan Sports Camps, among others. Its premiere brand in its portfolio of programs is the Adult Safe-Hockey League, the adult recreational hockey league, with over 80,000 members. It owned, leased or managed a network of approximately 19 facilities in Canada and the United States containing over 55 full sized ice sheets, over four indoor turf fields, approximately two ball hockey courts, over 11 indoor volleyball courts, and over four beach volleyball courts.
- Market Cap: $49,394,035
- 52-week High: $3.75
- Revenue (LTM): $77,109,000
- Price Change (YTD): +20.7%
