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THE CHURCHILL CORP. $18.02 (Toronto symbol CUQ: SI Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 24.5 million; Market cap: $441.8 million; No dividends paid) has completed its $180-million share and debenture issue. The funds will help pay for its $380-million purchase of Seacliff Construction. Seacliff provides general-contracting, electrical contracting and earth-moving services, mostly in western Canada.
Aecon Group (Toronto symbol ARE) bought …read more »
BCE faces strong competition from cable companies and new wireless providers. However, a major cost-cutting drive has freed up cash for new investments in its networks. These savings also give BCE room for dividend increases, share buybacks and other moves that can pay off for investors.
BCE INC. $32 (Toronto symbol BCE; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 763.0 million; …read more »
TORONTO-DOMINION BANK $72 (Toronto symbol TD; Conservative Growth Portfolio, Finance sector; Shares outstanding: 868.2 million; Market cap: $62.5 billion; Price-to-sales ratio: 2.5; Dividend yield: 3.4%; SI Rating: Above Average) is expanding its commodity-related operations. This puts it in a position to profit from the rise in commodity prices that’s likely as the economy recovers.
TD recently paid an undisclosed sum for …read more »
TORSTAR CORP. $10 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 79.0 million; Market cap: $790.0 million; Price-to-sales ratio: 0.6; Dividend yield: 3.4%; SI Rating: Above Average) will participate in a restructuring of The Canadian Press (CP), which provides news and other content to Canadian newspapers, radio and TV stations.
Right now, CP is a not-for-profit organization. Under this …read more »
ISHARES DOW JONES CANADA SELECT DIVIDEND INDEX FUND $18.63 (Toronto symbol XDV; buy or sell through a broker) holds 30 of the highest-yielding Canadian stocks. Its selections are based on dividend growth, yield and payout ratio. The weight of any one stock is limited to 10% of assets. The fund’s MER is 0.50%. It yields 4.0%.
The fund’s top holdings are …read more »
Oil prices fell from their July 2008 peak of $148 U.S. a barrel to just under $40 U.S. in February 2009. Prices then more than doubled, to $90 U.S. in May 2010. They have since fallen to $72 U.S., mostly due to worries about a slower-than-expected economic recovery.
It will take years before oil exceeds its 2008 high. But it could …read more »
It’s hard to believe it’s already been a year since we launched TSI Network. When we flicked the switch in June 2009, after months of hard work, the web site already contained a wealth of investment information and stock advice — over 2,000 individual articles, in fact.
TSI Network is built on the strengths of our four newsletters: Canadian Wealth …read more »
When you join Pat McKeough’s Inner Circle, you get to address investment questions directly to me and my research associates; AND you get to see all other members’ questions, and our answers (of course, we eliminate any personal information).
Plus, you get all 4 of my investment advisories, including Wall Street Stock Forecaster, our newsletter that covers the U.S. markets. …read more »
Oil prices fell from their July 2008 peak of $148 U.S. a barrel to just under $40 U.S. in February 2009. Prices have roughly doubled since then, but they are unlikely to pass their 2008 highs any time soon.
We think oil prices could rise further if the global economy continues to recover, as we expect. As well, oil and natural-gas …read more »
FEDEX CORP. $77 (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 313.2 million; Market cap: $24.1 billion; Price-to-sales ratio: 0.7: Dividend yield: 0.6%; WSSF Rating: Average) delivers packages and documents in the U.S. and over 220 other countries. Its fleet of 80,000 trucks and 664 aircraft delivers over 8 million packages a day.
FedEx’s revenue rose 17.5%, from …read more »
