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Page THE HERALD Wednesday July Model portfolio beats the experts New Professional Building Your Business Diane Maley Thornton Nws Sirvice With the stock market reboun ding it is again time to measure our model portfolio against the ex perts and the market This time the market is winning By the end of the second quarter ended June 30 the Dow Jones in dustrial average had risen 125 per cent from its yearend close The Toronto Stock Exchange index had gained 109 per cent Our portfolio picked by the skillful dart throwing of reporter Peter Haggert rose 77 per cent We would have been better off put ting our money in the bank Modest as our performance was though it was better than the experts The stocks recommended by Merrill Lynch Canada gained a mere four percent Having consistently outsmarted the experts Peter has gone on to become managing editor of The Banner in OrangevUle But his legacy our portfolio will be with us for the duration of the year Both portfolios include eight Canadian stocks and six US ones Merrill Lynch has chosen a blue- chip list for Canada while Peters dart has come up with some obscure choices including some penny stocks Mining stocks are well represented by both stock pickers as are oil and gas and food and beverage companies In theory we have invested in each security rather than buying 100 shares of each com pany In practice stocks are sold in blocks of 100 shares for penny stocks PENNIES FROM HEAVEN The outstanding performer this quarter was Capita Resources a penny stock that more than doubled in price is in the electrical equipment business United Telephone an American telephone company turned in a remarkable per cent gain Please note that we are not recommending the purchase of these or any other stocks Penny stock prices in particular are volatile and you can lose as quickly as you gain HYUNDAI OWNERS For Service Call 8731818 Merrill Lynch had some respec table gains with the big beer company up per cent American Express up 25 per cent and TimesMirror up per cent Indeed if it had not been for Peters pick and United Telephone Merrill Lynch would have beat us hands down Of the 14 stocks Peter had six gainers and eight losers Merrill Lynch had seven gainers and seven losers Big losers in Peters portfolio in cluded National Sea Products on the Canadian side down per cent and Homestead Financial on the American side down 20 per cent Merrills worst performer was an American stock National Semiconductor down per cent THE LINEUP Heres how Peters portfolio did as of June 30 CSA Management A an investment management com pany closed at June 30 down 10 per cent Meta Communications Group a media company 11 cents up percent Energy per cent preferred a cautious ap proach to oil and gas up six per cent National Sea Products an East Coast fishing and fish pro cessing company down 22 per cent Whim Creek Con solidated a mining and explora tion company up eight per cent Dale Parizeau Inc a holding and investment company down four per cent Capital Resources 15 cents up 214 per cent and Trimel Corp down two per cent On the US side Knogo Corp closed at up seven per cent United Telephone at up 42 per cent Homestead Financial down per cent IBP the largest beef and pork processor in the country down seven per cent and down three per cent We will compare portfolios again at the end of the third quarter Isaac left and Mayor Ross Miller cnt the ribbon at the official opening of the new profes sional medical building at 99 Sinclair Ave Thursday night The building has offices for doc tors lawyers and a dentist Most of the tenants of the new building are also the owners Herald photo WHOS BEST Burlington firm dumped cyanide into sewers i A Burlington company has been found guilty of dumping a poisonous compound into Halton Regions sewer system The com pany is the first company suc cessfully prosecuted by the I Regions legal staff under the sewer use bylaw XPert Metal Finishing In corporated was found guilty on six charges of dumping zinc and cop per cyanide above an acceptable level into Haltons sewer system The charges followed three Regional tests conducted in March at the Dillon Road plant Regional staff have monitored the companys waste over the past few years The end product of metal finishing at involved discharging metals and cyanide XPert Metal Finishing ap peared in Oakville Provincial Of fenses Court July saying that the company is no longer using cyanide in its operations The company was found guilty of discharging unacceptable amounts of cyanide and was given 30 days to pay a fine and court costs 8770109 8770109 I Simon CHARTERED ACCOUNTANT 1 OFFICE MAGIC FOR ALL YOUR OFFICE STATIONERY NEEDS Guelph St Georgetown THATSWH0 THEAWARD WINNER w oniiveitup TV SHOW COAST TO COAST Call Margaret 8732165 STEVEN C FOSTER BALLB BARRISTER SOLICITOR 37 MAIN ST SOUTH GEORGETOWN ONT L7G 3G2 68734961 ut41 68734962 SUMMER MondayFriday am530 pm HOURS Saturday CLOSED SWINGLINE STAPLERS ka LIST SPEC MODEL 150 767 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