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Did you Double your Money?

In the 36 trading days since the 2009 edition of the Investor 500, seven stocks on the list had a return of 100% or more. All the companies other than Linamar Corp., a manufacturer and developer of machined components primarily for the automobile industry, are involved in the mining, forestry and paper and energy industries.

% Price Price
Company Return Apr. 3 May 27
Linamar Corp. 156.6% $3.09 $7.90
OPTI Canada Inc. 133.3% $1.44 $3.36
WesternZagros 126.7% $0.60 $1.36
Norbord Inc. 122.5% $0.71 $1.58
Denison Mines 115.8% $0.95 $2.05
Cascades Inc. 105.0% $2.42 $4.92
Harry Winston 100.0% $3.75 $7.50


The major shareholders of two of the companies recouped some of their losses. Frank Hasenfratz, who owned 15,216,800 shares of Linamar, made over $73 million on paper from the rise in share prices from Apr. 3 to May 27, 2009. However, from a high price of $26.10 per share on Oct. 2, 2007, he lost over $350 million to Apr. 3, 2009. Cascades major shareholders, Bernard, Laurent and Alain Lemaire, picked up over $75 million on their 30,109,250 shares in the 36 days ended May 27, 2009. Considering that between Jan. 19, 2007, and Apr. 3, 2009, they lost over $388 million, a little less than 20% of the red ink was drained out of their investment in Cascades.