Westaim
Toronto symbol WED, owns 74.5% of Nucryst Pharmaceuticals (Toronto symbol NCS), whose medical products prevent infection in burns.
METRO INC. $53 (Toronto symbol MRU.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 100.7 million; Market cap: $5.3 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.5%; TSINetwork Rating: Average; www.metro.ca) plans to simplify its share structure. Right now, the supermarket operator has two classes of shares: 100.1 million class A subordinate-voting shares (one vote per share) and 577,440 class B multiplevoting …read more »
EMERA INC. $32 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 121.9 million; Market cap: $3.9 billion; Price-to-sales ratio: 1.3; Dividend yield: 4.2%; TSINetwork Rating: Average; www.emera.com) gets 60% of its revenue and 50% of its earnings from Nova Scotia Power Inc., which is Nova Scotia’s main electricity supplier. It gets the rest of its revenue and earnings from …read more »
These companies on this page offer investors a way to diversify their Finance sector holdings beyond the big five banks. However, they are only for investors who can tolerate the added risk.
DUNDEE CORP. $25 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 70.7 million; Market cap: $1.8 billion; Price-to-sales ratio: 2.3; No dividends paid; TSINetwork Rating: Average; www.dundeecorp.com) …read more »
THE WESTAIM CORP. $0.55 (Toronto symbol WED, Aggressive Growth Portfolio, Finance sector; Shares outstanding: 580.6 million; Market cap: $319.3 million; Price-to-sales ratio: 1.8; No dividends paid; TSINetwork Rating: Speculative; www.westaim.com) owns Jevco Insurance Co., which sells insurance to high-risk drivers, as well as owners of motorcycles, snowmobiles and recreational vehicles. Jevco operates in Quebec and Ontario.
The company bought Jevco for …read more »
THE WESTAIM CORP. $0.56 (Toronto symbol WED; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 580.6 million; Market cap: $325.1 million; Price-to-sales ratio: 1.5; No dividends paid; SI Rating: Speculative) completed its $286.3-million purchase of Montreal-based Jevco Insurance Co. on March 26, 2010. Jevco sells insurance to high-risk drivers, as well as owners of motorcycles, snowmobiles and recreational vehicles.
Westaim earned $5.5 …read more »
THE WESTAIM CORP. $0.71 has completed its purchase of Montreal-based Jevco Insurance Co. from Kingsway Financial Services Inc. (Toronto symbol KFS). Jevco sells insurance to high-risk drivers, as well as owners of motorcycles, snowmobiles and recreational vehicles. Jevco operates in Quebec and Ontario.
Westaim paid $264.2 million for Jevco. Most of the money came from the $275 million that Westaim raised …read more »
TIM HORTONS INC. $30 has finished shifting its incorporation to Canada from the U.S. This will let the coffee-and-donut store operator take advantage of Canada’s lower corporate tax rates. Corporate tax rates in the U.S. are over 30%, while Canada’s combined federal and provincial rate will be around 25% in two years. Shareholders will continue to own the same number …read more »
TIM HORTONS INC. $33 (Toronto symbol THI; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 181.6 million; Market cap: $6.0 billion; SI Rating: Average) dominates the coffee and donut market in Canada, but has had less success in the United States. The company now aims to improve the profitability of its U.S. division, which accounts for 8% of its sales. It …read more »
THE WESTAIM CORP. $0.18 (Toronto symbol WED; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 94.2 million; Market cap: $17.0 million; SI Rating: Speculative) currently holds two money-losing businesses: 74.5% of Nucryst Pharmaceuticals (Toronto symbol NCS), whose medical products prevent infection in burns; and iFire Technology, which specializes in flat-panel TV displays. Westaim plans to sell iFire’s assets by …read more »
THE WESTAIM CORP. $0.26 (Toronto symbol WED; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 94.0 million; Market cap: $24.4 million; SI Rating: Speculative) owns 74.5% of Nucryst Pharmaceuticals Corp. (Toronto symbol NCS), which makes medical products that prevent infection in burns and wounds. Based on current prices, this investment is worth $0.23 per Westaim share. A new development …read more »
