Canadian Wealth Advisor
Canadian Wealth Advisor is an eight-page newsletter, published monthly. The newsletter deals with 'safe money' investments: mutual funds, income trusts, conservative large-capitalization stocks, RRSPs, RRIFs, GICs, and tax-advantaged investments. The newsletter also looks at financial planning, tax planning, investment bargains (and rip-offs, too) and many other issues for safely making more money. You can subscribe on-line at www.canadianwealthadvisor.ca, or by calling 1-800-270-0287.
ENDEV ENERGY INC. $1.41 (Toronto symbol ENE; SI Rating: Speculative) (1-888- 739-4623; www.endevenergy.com; Shares outstanding: 88.7 million; Market cap: $125.0 million) jumped recently after receiving a buyout offer from Penn West Energy Trust, $35, symbol PWT.UN on Toronto.
Endev shareholders will receive 0.041 of a Penn West unit for each Endev share held, which is equivalent to $1.44 per Endev share …read more »
ENCANA CORP. $89.25 (Toronto symbol ECA; SI Rating: Average) now plans to split itself up into two separate companies — one focusing on natural gas, the other on oil sands and oil refineries. The gas company will keep the EnCana name, while the oil company will assume a new name.
Shareholders will receive one new common share in each new company …read more »
IVY ENTERPRISE FUND $4.24 invests in small and medium-sized companies. The $160.4 million fund has an MER of 2.40%.
The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are Richie Brothers Auctioneers, National Instruments, Resources Connection, Idexx Laboratories, Astral Media, Canadian Western Bank, Daktronics Inc., Henry Schein and Stratasys Inc.
We think investors can do better by buying …read more »
At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth.
However, due to corporate mergers and takeovers in the mutual-funds industry, and more aggressive marketing, a fund’s membership in a fund family now has little bearing on its …read more »
IVY ENTERPRISE FUND $4.85 invests in smaller and medium-sized companies. The $201.4 million fund has an MER of 2.42%.
The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are Richie Brothers Auctioneers, National Instruments, Resources Connection, Idexx Laboratories, Astral Media, Canadian Western Bank, FirstService Corp., Henry Schein and Stratasys Inc.
We think investors can do better by buying …read more »
At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth. However, due to trends in the mutual-funds
industry such as corporate mergers and takeovers, and more aggressive marketing, a fund’s membership in a fund family now has little …read more »
PRIMEWEST ENERGY TRUST $25.10 (Toronto symbol PWI.UN; SI Rating: Speculative) is now the subject of a $26.75 per unit cash takeover bid from subsidiaries of the Abu Dhabi National Energy Co.
After merging with Shiningbank Energy Trust (a recommendation of Canadian Wealth Advisor) in July, 2007, PrimeWest became Canada’s seventh-largest energy trust. We liked its strong cash flow and low payout …read more »
PRIMEWEST ENERGY TRUST $21.93 (Toronto symbol PWI.UN; SI Rating: Speculative) is a Calgary-based oil and gas royalty trust with operations in both western Canada and Montana, North Dakota and Wyoming in the U.S.
PrimeWest’s revenues rose 28.2% in the three months ended June 30, 2007, to $173.1 million from $135 million a year earlier. Cash flow per unit rose 8.4%, to …read more »
The Bank of Canada held interest rates steady at 4.25% at its April meeting. The rate has remained stable since May, 2006.
The Bank did note that core inflation has increased faster than expected, and will likely rise above its target rate of 2% in coming months.
Core inflation excludes eight volatile components identified by the Bank of Canada, including gasoline, fuel …read more »
IVY ENTERPRISE FUND $4.78 invests in smaller and medium-sized companies. The $220.1 million fund has an MER of 2.42%.
The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are Winpak, Richie Brothers Auctioneers, Daktronics Inc., Resources Connection, Idexx Laboratories, Astral Media, Canadian Western Bank, Brown & Brown, Henry Schein and Stratasys Inc.
We think investors can do better …read more »
