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ROYAL BANK OF CANADA $76 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.4 billion; Market cap: $106.4 billion; Price-to-sales ratio: 3.4; Dividend yield: 4.0%; TSINetwork Rating: Above Average; www.rbc.com) is selling its private banking and wealth management businesses in Switzerland. Together, these operations have around $2 billion of assets.
The sale is part of Royal’s plan …read more »
Canada’s supermarkets are doing a good job of competing with U.S. retail giants like Wal-Mart, which are aggressively expanding in the grocery market. In addition to improving their efficiency, the Canadian firms are buying other chains, like drugstores and specialty bakeries, that nicely complement their main businesses.
LOBLAW COMPANIES LTD. $59 (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares …read more »
SHAWCOR LTD. $38 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.5 million; Market cap: $2.5 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.6%; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting. It also manufactures industrial products, such as electrical wire and protective sheaths.
Low oil prices are prompting oil …read more »
Pembina Pipeline and Veresen both trade at high multiples to their per-share cash flow, but both have strong growth prospects and high dividend yields. We think they have gains ahead.
PEMBINA PIPELINE $39.55 (Toronto symbol PPL; Shares outstanding: 336.0 million; Market cap: $13.5 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.pembina.com) owns pipelines that carry half of Alberta’s conventional oil, …read more »
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy …read more »
PENGROWTH ENERGY $3.35 (Toronto symbol PGF; Shares outstanding: 530.1 million; Market cap: $1.8 billion; TSINetwork Rating: Average; Dividend yield: 14.3%; www.pengrowth.com) has started injecting steam into its Lindbergh oil sands project in Alberta to loosen the tar-like bitumen and pump it to the surface.
Pengrowth believes that Lindbergh’s low operating costs will let it generate positive cash flow, even at …read more »
CENOVUS ENERGY $22.92 (Toronto symbol CVE; Shares outstanding: 757.1 million; Market cap: $17.5 billion; TSINetwork Rating: Average; Dividend yield: 4.7%; www.cenovus.com) plans to spend $2.5 billion to $2.7 billion on exploration and development in 2015, down from the $3.1 billion it spent in 2014.
The company has earmarked 75% of these funds for its existing refineries, oil sands and conventional …read more »
TORSTAR $6.35 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $512.4 million; TSINetwork Rating: Average; Dividend yield: 8.3%; www.torstar.com) recently stopped publishing its Metro free daily commuter newspapers in seven smaller cities: Hamilton, Kitchener, London, Windsor, Regina, Saskatoon and Victoria. It now plans to shut down the Metro websites in these cities.
This will let Torstar focus on Metro’s …read more »
In August 2014, Gannett announced it would split into two companies. One will focus on newspapers and their associated websites, and the other will hold its TV stations and stand-alone websites.
The stock is down 14% since the spinoff announcement, mainly because investors are worried about falling advertising revenue.
Still, studies have shown that after the first few months, spinoffs …read more »
VERIZON COMMUNICATIONS INC. $46 (New York symbol VZ, Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 4.2 billion; Market cap: $193.2 billion; Price-to-sales ratio: 1.3; Dividend yield: 4.8%; TSINetwork Rating: Average; www.verizon.com) says strong price competition will likely slow its wireless division’s growth, particularly sales of cheaper mobile phones and service plans. Wireless accounts for 70% of Verizon’s revenue.
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