As announced Mar. 3 and reported subsequently here, Conservative Holding Bird Construction Inc (TSX: BDT, OTC: BIRDF) has split its stock 3-for-1. If you owned Bird before today, you now have three shares for every one you previously held.

Coincident with the split, Bird boosted its dividend rate by 10 percent to an annualized rate of CAD0.66. That’s equivalent to a pre-split annualized rate of CAD1.98 per share.

As I note in the April issue of Canadian Edge, we remain bullish on Bird. The new buy target is USD12, which is a little more than a third of the pre-split buy target of USD36. That’s a bit above the current price, and we’ll continue to be patient for new purchases, as noted in the April Portfolio Update.

The April Portfolio Update also has my most current advice on the rest of the Conservative and Aggressive holdings. We’ve seen some volatility in several Portfolio stocks this week. High Yield of the Month Colabor Group (TSX: GCL, OTC: COLFF), for example, has moved above my buy target at least for the moment. Ag Growth International (TS: AFN, OTC: AGGZF), also covered in April’s High Yield of the Month feature, has moved higher but still trades below target.

However, there are no advice changes at this time from what I sent Friday. That includes for Yellow Media (TSX: YLO, OTC: YLWPF), which encountered some additional selling Monday as an analyst at Canaccord Genuity added it to coverage as a sell. His reasons are pretty much the classic bear case on Yellow: That the print directory business will shrink faster than the online business grows in coming months.

Readers should note this is a very real possibility for Yellow in coming months. I’m still positive on its prospects, as note in the April issue. But no one should double down in it, or in any one stock for that matter.