Pink sheets are companies that trade on the U.S. over-the-counter market, a holdover from the days when the quotes for these stocks were printed on pink paper. They are for investors looking for high-risk investments.
Today, OTC Markets Group (formerly Pink OTC Markets Inc.), a private company, is the main provider of pricing and financial information for the over-the-counter (OTC) securities markets.
OTC Markets Group operates a centralized information network that includes services for issuers, brokers and OTC investors, as well as “market makers”. Pink Sheets’ information aims to make OTC trading more efficient and improve access to capital for OTC issuers.
Companies that trade as “pink sheets stocks” usually don’t have sufficient market caps, or enough shareholders, to meet most stock exchanges’ minimum criteria.
Over-the-counter shares are often sporadically or inactively traded. That can make buying penny stocks and pink sheet stocks (and selling them) more difficult and expensive than shares on larger stock exchanges.
Stocks trading over the counter may at times seem to offer extraordinary opportunities, but this can be an expensive illusion. Most legitimate companies with substantial growth potential will want to leave the over-the-counter market as quickly as possible and move their stock to the major markets, where financing is more plentiful and less expensive. This tilts the odds against you.
That’s why we’ve stayed out of the over-the-counter market and are likely to continue to stay out. There are just too many attractive buying opportunities in major markets, where risk is lower and your chances of making money are better.
The key to finding the “hidden gems” in penny stocks is to understand and avoid the risks that go with them. You get the benefit of Pat McKeough’s decades of experience—and his specific recommendations—in our special report, Canadian Penny Stocks: What You Need to Know about Handling the Risks and Reaping the Rewards, on TSI Network. Claim your FREE copy right now!
ARCHER DANIELS MIDLAND CO., $62.00, New York symbol ADM, is still a hold.
The company processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners. It’s also a leading producer of ethanol from corn, a.. Read More
THOMSON REUTERS CORP., $213.15, Toronto symbol TRI, is a buy.
The company now focuses on selling specialized information and software to the legal, tax and accounting fields. That follows the sale of 55% of its Refinitiv financial information business to Blackstone Group LP (New York symbol… Read More
Aggressive investors looking at high-risk, aggressive stocks to invest in should only allocate a small part of their portfolios to those investments, including a ChatGBT-like stock
There are always investment-related worries to occupy the minds of investors looking for good Canadian stocks—but focusing on high-risk, aggressive… Read More
NVIDIA CORP., $788.17, Nasdaq symbol NVDA, remains a buy, but only for highly aggressive investors.
The company is a leading designer of 3D-capable video chips; they make video games run more smoothly and appear more lifelike. Nvidia has also adapted its chips for other applications, including artificial… Read More
LOBLAW COMPANIES LTD., $144.60, Toronto symbol L, is a buy.
The company operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares. Shoppers operates 1,351… Read More
BCE INC., $50.83, Toronto symbol BCE, is still a buy.
The company is Canada’s largest traditional telephone service provider. It has 2.02 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.47 million high-speed Internet users and 2.73 million TV subscribers (satellite… Read More
BCE INC., $50.52, Toronto symbol BCE, is your #1 Income Buy for 2024.
The company is Canada’s largest traditional telephone service provider. It has 2.02 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.47 million high-speed Internet users and 2.73 million… Read More
TC ENERGY INC., $52.08, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine… Read More
TECK RESOURCES LTD. $52 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 520.0 million; Market cap: $27.0 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.0%; TSINetwork Rating: Extra Risk; www.teck.com) has completed the first part of its plan to sell all of… Read More
ROYAL BANK OF CANADA, $134.63, Toronto symbol RY, is still a buy.
The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).
HSBC operates 130 branches that mainly cater to businesses in industries that trade and… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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