Dollarama Inc. up $12.96
The Montreal-based dollar-store chain topped earnings expectations for the ninth consecutive quarter on Thursday, sending the company's shares soaring more than 10 per cent. The stock is up nearly 37 per cent this year, as the retailer has added stores and increased profit margins in the face of sector-wide headwinds.
Earnings for the second quarter jumped 24 per cent to $131.8-million or $1.15 per share, better than the $1.04 analysts had projected. Sales rose 11.5 per cent to $812.5-million.
I have been following this stock for some times and a strong supporter of this stock. The company develops enterprise cloud computing solutions with a focus on customer relationship management. I think it can go as high as $110 this year.