Initial Public Offering
An initial public offering, or IPO, is the first sale of stock by a company as it goes public. For more information, see New Offering.
TERANET INCOME FUND $11.50 (Toronto symbol TF.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 159.6 million; Market cap: $1.8 billion; SI Rating: Speculative) is the target of a hostile $11-a-unit takeover offer from the Ontario Municipal Employees Retirement System.
We generally avoid initial public offerings, since many carry hidden risks. We made an exception for Teranet, a June, 2006 …read more »
TERANET INCOME FUND $9.50 (Toronto symbol TF.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 155.0 million; Market cap: $1.5 billion; SI Rating: Speculative) manages Ontario’s electronic land registration system.
Over 80,000 customers use its proprietary, software application, Teraview, to conduct electronic real estate registrations as well as title and writ searches. Teranet has an exclusive license from the Ontario …read more »
NEWMONT MINING $49.42 (New York symbol NEM; SI Rating: Average) is one of the largest gold producers in the world with major operations in the United States, Canada, Peru, Australia, Indonesia and Ghana. Newmont expects to produce over 6.3 million ounces of gold this year.
Newmont’s Canadian subsidiary Franco-Nevada Corp. has sold 82 million shares to the public. Franco-Nevada will use …read more »
LA-Z-BOY INC. $6.00 (New York symbol LZB; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 51.4 million; Market cap: $308.4 million; WSSF Rating: Average) has struggled lately as the slump in the housing market has cut demand for new furniture. In its second fiscal quarter ended October 27, 2007, the company lost $0.07 a share from continuing operations, due …read more »
A key part of our approach to investing is spreading your money out among the five economic sectors: Finance; Utilities; Consumer Goods & Services; Resources & Commodities; and Manufacturing & Industry. That way, you avoid overloading yourself with stocks that are about to slump simply because of industry conditions or changes in investor fashion.
Generally speaking, stocks in the Resources & …read more »
TIM HORTONS INC. $35 (Toronto symbol THI; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 188.8 million; Market cap: $6.6 billion; SI Rating: Extra risk) operates 2,733 coffee-and-donut shops in Canada, and 345 in the United States. Franchisees operate 97.5% of its stores.
Much of the company’s growth comes from a steady stream of new products, and innovative promotions. Healthier menu items …read more »
TIM HORTONS INC. $32 (New York symbol THI; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 189.7 million; Market cap: $6.1 billion; WSSF Rating: Extra risk) operates over 2,700 coffee-and-donut shops in Canada, and 340 in the United States. Franchisees operate 97% of its stores.
The company was a wholly owned subsidiary of Wendy’s International Inc. up until April 2006. That’s when …read more »
Fast-food stocks have been among our biggest gainers since the 2002 stock market slump. Despite increasing concerns over nutritional content, Americans are eating more of their meals outside of the home. Fast-food is also an increasingly affordable luxury in developing countries.
However, rising gas prices could cut customer traffic and put a damper on profit growth. Rising food and labor costs …read more »
TIM HORTONS INC. $35 (Toronto symbol THI; Aggressive Growth Portfolio, Consumer sector; SI Rating: Extra risk) operates 2,600 stores in Canada that sell coffee, donuts and other foods. The company also has roughly 300 outlets in the United States. Franchisees operate 96.5% of its stores.
The company was a wholly owned subsidiary of Wendy’s International Inc. until March 2006. That’s when …read more »
SONY CORP. ADRs $44 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; WSSF Rating: Above average) will have to absorb part of the $400 million cost to recall faulty batteries it sold to computer maker Dell Inc.
Sony feels the recall will have only a small effect on its profits. In its first fiscal quarter ended June 30, …read more »
