Topic: How To Invest

The Successful Investor Hotline – Friday, July 15, 2016

Article Excerpt

THOMSON REUTERS CORP., $55.48, Toronto symbol TRI, provides specialized information products in four main areas: financial, legal, tax; and intellectual property and science. The company has agreed sell its Intellectual Property & Science division. This business provides clients with information on patents and trademarks. It also publishes scientific journals. Thomson will receive $3.55 billion U.S. when it completes the sale in the next few months. That’s equal to 11% of its $41.9 billion (Canadian) market cap (the value of all outstanding shares). The company will use $1 billion of the proceeds to buy back shares under its $1.5 billion share repurchase plan. Thomson will put the remaining $2.55 billion toward repaying its long-term debt of $6.4 billion. That’s equal to 20% of its market cap. OUR RECOMMENDATION: Thomson Reuters is a buy. Thomson Reuters recent coverage August 2016 issue June 2016 issue SHAWCOR LTD., $28.47, Toronto symbol SCL, makes sealants and coatings that…