PSI
Pason Systems, symbol PSI on Toronto, rents equipment that its customers use to monitor and manage land-based oil rigs.
Pason is one of the technology stocks we analyze in Stock Pickers Digest, our newsletter that recommends stocks for the part of your portfolio you devote to aggressive investing.
It also provides communication systems, such as its satellite system, which companies use …read more »
PASON SYSTEMS, symbol PSI on Toronto, rents equipment that its customers use to monitor and manage land-based oil rigs. The stock market pick also provides communication systems, such as its satellite system, which companies use to remotely collect data from their drilling operations. Pason serves oil and gas companies and drilling contractors throughout Canada, the U.S., Mexico and Argentina.
In the …read more »
PASON SYSTEMS $14.75 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 81.5 million; Market cap: $1.2 billion; Dividend yield: 2.4%) rents equipment that its customers use to monitor and manage land-based oil rigs. It also sells communications systems, such as its satellite system, which companies use to remotely collect data from their drilling operations. The company serves oil …read more »
In response to the BP oil spill in the Gulf of Mexico, the Obama administration has banned some offshore operations in the region. The ban, which is being challenged in court, affects oil and gas companies and firms that operate, service and supply drilling rigs. To cut your risk, we recommend focusing on service companies that mainly operate onshore, like …read more »
MAJOR DRILLING $28.70 (Toronto symbol MDI; SI Rating: Speculative) (www.majordrilling.com; 1-866-264-3986; Shares outstanding: 23.7 million; Market cap: $680.9 million; Dividend yield: 1.4%) is a large contract-drilling company that mainly serves the mining industry.
Major Drilling’s shares have moved up from $23 in mid-December, even though the company reported lower revenue and earnings in the latest quarter.
In the three months …read more »
Short selling involves selling securities an investor doesn’t already own. A short sale is performed in the belief that the price of the security being sold will go down. The seller can then cover the sale by purchasing the security at a lower price, making a profit based on how far the price has fallen. Short sellers face specific regulations …read more »
MAJOR DRILLING. $14.31 (Toronto symbol MDI; SI Rating: Speculative) (www.majordrilling.com; 1-866-264- 3986; Shares outstanding: 23.7 million; Market cap: $339.3 million) is a large drilling company that mainly serves the mining industry.
In the three months ended October 31, 2008, Major Drilling’s revenues rose 22.4%, to $191 million from $156.1 million. Excluding one-time items, its earnings rose 28.5%, to $29.3 million, or …read more »
SCOTIA U.S GROWTH FUND $6.49 (CWA Rating: Conservative) (Scotia Securities, 40 King Street West, 6th Floor, Toronto, Ontario M5H 1H1. 1-800-268-9269; Website: www.scotiabank.com. No load — deal directly with the company.) looks at a company’s fundamentals such as earnings, dividend yield, book value, cash flow and low debt, as well as its management, to find undervalued stocks.
The $36.0 million Scotia …read more »
We still advise keeping around 25% of your portfolio in U.S. stocks or mutual funds that hold U.S. stocks.
Our view is that if you stay out of the U.S. market, you miss out on major multi-national investment opportunities that just aren’t available anywhere else. As well, by spreading your investments out between the U.S. and Canada, you can get all …read more »
PEPSICO INC. $54 (New York symbol PEP; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.6 billion; Market cap: $86.4 billion; WSSF Rating: Above average) aims to improve its long-term profitability with a new restructuring plan that should cut its expenses by $1.2 billion over the next three years. That will put PepsiCo in a better position to handle rising costs …read more »
