Canada Hot Stocks To Watch: SXC, Mega Brands, Gemcom, Cascades, Yamana -2-

May.08, 2008 in Market Outlook

TORONTO (Dow Jones)–Below are the stocks expected to move during Thursday’s
trading session. They are listed with Wednesday’s closing prices.

Biovail Corp.’s (BVF, C$11.84, -C$0.16, -1.3%) first-quarter net slid to 35 cents
a share from 58 cents. Revenue fell to $208.5 million from $247 million. The
Thomson First Call mean estimate was for a profit of 40 cents.

Air Canada (AC.A.T, C$8.05, C$0.06, 0.8%) said its first-quarter loss widened to
C$2.88 a share, hurt by charges, from a loss of 34 Canadian cents a year earlier.
Its adjusted loss was 62 Canadian cents compared with an adjusted loss of 57
Canadian cents a year earlier. The Thomson Reuters mean estimate was for a loss
of 76 Canadian cents.

Onex Corp. (OCX.T, C$32.62, -C$0.28, -0.9%) said first-quarter earnings from
continuing operations rose to 32 Canadian cents a share from 26 Canadian cents a
year earlier. Revenue rose 13% to C$6.2 billion.

AbitibiBowater Inc. (ABH, $9.43, -$0.31, -3.2%) posted a first-quarter loss of
$4.32 a share compared with a loss of $1.19 a year earlier. Sales rose to $1.7
billion from $772 million. Excluding items, its loss was $3.74 a share in the
latest quarter.

SXC Health Solutions Inc. (SXCI, $16.98, $0.24, 1.4%) said its first-quarter net
fell slightly to 16 cents a share from 17 cents, while revenue was little changed
at $24.3 million. It raised its 2008 revenue view to $545-$600 million and
earnings view to 41-50 cents a share. It puts 2008 adjusted earnings at 61-70
cents a share.

MEGA Brands Inc. (MB.T, C$3.76, -C$0.05, -1.3%) said its first-quarter loss
narrowed to 26 cents a share from 75 cents after taking into account a large
product-recall charge a year earlier. Sales fell to $79.1 million from $90.1
million.

Gemcom Software Intl Inc. (GCM.T, C$2.80, C$0.08, 2.9%) has agreed to be acquired
at C$2.90 a share by JMI Equity and The Carlyle Group. The transaction is valued
at about C$180 million.

Cascades Inc. (CAS.T, C$7.49, Unchanged) lost 4 Canadian cents a share in its
latest first quarter, compared with a profit of 22 Canadian cents a year earlier.
Excluding items, it lost 9 Canadian cents versus a profit of 5 Canadian cents.
The Thomson Reuters mean estimate was for a profit of 4 Canadian cents in the
latest quarter. Higher fiber costs and the stronger Canadian dollar hurt the
latest results.

Yamana Gold Inc. (AUY, $13.75, -$0.19, -1.4%) raised its annual dividend to 12
cents a share from 4 cents following stronger first-quarter revenue and earnings.

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