Sitting at No. 1 on the list of top performers on the Toronto Stock Exchange in 2007 was an unlikely name - Timminco Ltd.
A year ago the company was an obscure player in the specialty metals business, with a stock price of around 30 cents. By Dec. 31, 2007, it had rocketed to $21.95, a gain of roughly 7,000 per cent. Timminco's market capitalization is now roughly $2-billion.
Not bad for a company with revenue of $126-million and a loss of $9.2-million in the first three quarters of 2007.
What pushed Timminco into the ranks of the fastest growing stocks was its presence in one of the hottest sectors in today's markets - solar energy. Timminco is ramping up production of high-grade silicon that goes into solar cells, and it has lined up four contracts for its plant in Bécancour, Que....MORE