ShawCor sheds its legacy business

SHAWCOR LTD. $18 remains a buy for aggressive investors. The company (Toronto symbol MATR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.5 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.9; Dividend suspended in March 2020; TSINetwork Rating: Average; www.mattr.com) has completed a strategic review of its… Read More

A strategic review and asset sales should transform ShawCor’s prospects

A strategic review and asset sales should transform ShawCor’s prospects

New pipeline coating contracts led to a 29.7% revenue boost for ShawCor during the most-recent quarter. Demand continues to improve thanks to rising oil and gas prices as well as a recovering economy.

The stock trades at just 8.2 times the company’s 2023 earnings forecast.

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SHAWCOR LTD… Read More

New plan lifts ShawCor’s stock

SHAWCOR LTD. $12 is a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.5 million; Market cap: $846.0 million; Price-to-sales ratio: 0.7; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) is conducting a strategic… Read More