The Successful Investor Hotline – Friday, January 15, 2010

Next week, Wall Street Stock Forecaster, our newsletter that focuses on the U.S. stock markets, will reveal its #1 pick for 2010. Don’t miss this unique opportunity to profit. If you’re not already a Wall Street Stock Forecaster subscriber, click here to learn how you… Read More

Tax adjustment distorts earnings

FORTIS INC. $27 (Toronto symbol FTS; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 170.7 million; Market cap: $4.6 billion; Price-to-sales ratio: 1.2; Dividend yield: 3.9%; SI Rating: Above Average) earned $36 million in the third quarter of 2009, down 26.5% from $49 million a year… Read More

FORTIS INC. $25 – Toronto symbol FTS

FORTIS INC. $25 (Toronto symbol FTS; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 170.3 million; Market cap: $4.3 billion; Price-to-sales ratio: 1.1; SI Rating: Above Average) gets just 15% of its revenue from Newfoundland Power, its original business. In the past few years, the company… Read More

East-coast utilities broaden their horizons

Fortis and Emera have used the steady cash flow from their power utilities in Atlantic Canada to fund new investments in other businesses. These have helped expand their operations beyond a single region, and enhanced their growth prospects.

FORTIS INC. $25 (Toronto symbol FTS; Conservative Growth… Read More

Utilities are like bonds with growth

With bonds yielding just 2% to 3%, we believe that income-seeking investors are better off sticking with high-quality utility stocks, such as these four electricity generators. All have consistently posted strong earnings, and have long histories of raising their dividends. Unlike bond-interest payments, which are… Read More

FORTIS INC. $23 – Toronto symbol FTS

FORTIS INC. $23 (Toronto symbol FTS; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 169.8 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.9; SI Rating: Above Average) generates and distributes electricity in five Canadian provinces. It also owns power plants in the U.S. and Caribbean, as… Read More

Fortis Inc. $23 – Toronto symbol FTS

FORTIS INC. $23 (Toronto symbol FTS; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 169.2 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.9; SI Rating: Above Average) generates and distributes electricity in five Canadian provinces. It also owns power plants in the U.S. and the Caribbean,… Read More

Utility Stocks Offer Safe, Steady Income

All four of these utility companies have increased their dividends in the past few weeks. We feel their high-quality businesses and strong balance sheets will continue to generate plenty of cash flow for investments in new growth projects and more dividend hikes.

TRANSCANADA CORP. $33 (Toronto… Read More

The Successful Investor Hotline – Friday, February 6, 2009

NOVA CHEMICALS CORP., $1.99, Toronto symbol NCX, fell sharply after it renegotiated the conditions of its lending agreements. To avoid breaching certain covenants, which would require Nova to repay all of its loans immediately, the company must now raise $100 million U.S. in new financing… Read More

The Successful Investor Hotline – Friday, December 5, 2008

BANK OF NOVA SCOTIA $33.65, Toronto symbol BNS, recently agreed to buy Sun Life Financial’s 37% stake in CI Financial Income Fund, Canada’s third-largest mutual fund company. The purchase will give the bank about 37.6% of CI’s outstanding units.

Bank of Nova Scotia originally agreed to… Read More