WY
Part-time real estate investing can be very profitable. However, the best returns are mainly a result of three key factors that are easy to overlook when investing in real estate: leverage, sweat equity and higher risk.
It’s easier to get financing to buy real estate than stocks, because real estate tends to be less volatile and easier to appraise, and it …read more »
RENAISSANCE GLOBAL HEALTH CARE FUND $13.79 (CWA Rating: Speculative) (CIBC Asset Management, 1500 University Street, Suite 800, Montreal, Quebec. Web site: www.renaissanceinvestments.com. Available from brokers) invests in companies from across the health-care industry. These may include pharmaceutical and biotechnology firms, and companies that design and make medical equipment.
The $579-million fund’s managers look at a firm’s financial strength, the quality of …read more »
TD HEALTH SCIENCES FUND $13.54 (CWA Rating: Speculative) (TD Asset Management, P.O. Box 7500, Station A, Toronto, Ontario M5W 1P9. 1-800-463-3863; Web site: www.tdcanadatrust.ca. No load — deal directly with the bank) mainly invests in large-capitalization health-care stocks and earlier-stage biotechnology shares in the U.S. The fund’s managers believe these firms will benefit from increased health spending spurred by an …read more »
WEYERHAEUSER CO. $26 (New York symbol WY; Conservative Growth Portfolio; Resources sector; Shares outstanding: 211.3 million; Market cap: $5.5 billion; Price-to-sales ratio: 0.7; WSSF Rating: Average) is looking to lower its annual expenses by $375 million including cutting its workforce by 3%, as weak housing markets have hurt demand for its lumber. In 2008, it lost $5.57 a share (or …read more »
COMPTON PETROLEUM $1.25 (Toronto symbol CMT; SI Rating: Speculative) (403-237-9400; www.comptonpetroleum.com; Shares outstanding: 130 million; Market cap: $162.5 million) has dropped its plan to sell the company. In February, 2008, Compton initiated a strategic review in response to repeated requests from its largest shareholder, New York-based private equity firm Centennial Energy Partners. Centennial holds a 19.8% interest in Compton. In …read more »
ATLANTIC TELE-NETWORK $18.61 (Nasdaq symbol ATNI; SI Rating: Speculative) (340-777-8000; www.atni.com; Shares outstanding: 15.2 million; Market cap: $282.9 million) gets 57% of its revenue from its 80% interest in Guyana Telephone and Telegraph Company (GT&T). The rest comes from its wireless interests in the Caribbean and its expanding telecom interests in the United States.
GT&T is the sole local, long distance …read more »
ADOBE SYSTEMS $25.94 (Nasdaq symbol ADBE; SI Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 531.0 million; Market cap: $13.8 billion) reported earnings in the latest quarter that exceeded consensus expectations. Excluding one-time items, earnings per share in the three months ended August 29, 2008 rose 11.1%, to $0.50 from $0.45 a year earlier. That beat expectations of $0.46 a share. Revenues …read more »
RIOCAN REAL ESTATE INVESTMENT TRUST $20.25 (Toronto symbol REI.UN; SI Rating: Average) has increased its monthly distributions by 2.2%, from $0.1125 a unit to $0.115. The new annual rate of $1.38 yields 6.8%.
RioCan is a buy.
ARC ENERGY TRUST $22.55 (Toronto symbol AET.UN; SI Rating: Extra risk) has rescinded one of its recent monthly distribution increases in light of lower oil …read more »
STORNOWAY DIAMOND CORP. $0.22 (Toronto symbol SWY; SI Rating: Start-up) (1-888-338-2200; www.sornowaydiamonds.com; Shares outstanding: 227.2 million; Market cap: $50.0 million) holds interests in over 14 diamond exploration properties in Canada and one in Botswana. TSE-listed Agnico-Eagle holds a 17.7% interest in the combined company. Global mining giant Rio Tinto Limited holds an 11.2% interest.
Stornoway’s projects include a 50% interest in …read more »
Here are two of the most promising early stage diamond stocks. Both have speculative appeal, but they are buys only for highly aggressive investors.
STORNOWAY DIAMOND CORP. $0.22 (Toronto symbol SWY; SI Rating: Start-up) (1-888-338-2200; www.sornowaydiamonds.com; Shares outstanding: 227.2 million; Market cap: $50.0 million) holds interests in over 14 diamond exploration properties in Canada and one in Botswana. TSE-listed Agnico-Eagle holds …read more »
