Pat McKeough

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.

As early as 1980, Pat was recognized as #1 in the world of published investment advice by the Washington, DC–based Newsletter Publishers Association, and he was the first multi-year winner of The Globe and Mail’s stock picking contest.

Both CBS MarketWatch and The Hulbert Financial Digest recognized Pat as one of North America’s top stock analysts. The Wall Street Journal called him “one of only four investment newsletter advisors who have managed to serve their readers well over the long haul.”

A best-selling Canadian author, he wrote Riding the Bull, his 1993 book that predicted the stock-market boom of the last half of that decade. Through his many television appearances, he is well-known to investors for his insightful analysis and his candid, unpretentious style.

Bottom line: Pat’s conservative, reduced-risk strategy is a proven approach to safe investing.

Index mutual funds can provide a low-cost way to invest in the stock market. However, they have disadvantages and there are better alternatives.
Tegna Inc. is using cash from ad revenue to pay down debt, buy back shares and purchase TV stations
PFIZER INC. $32 (New York symbol PFE; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 6.5 billion; Market cap: $208.0 billion; Price-to-sales ratio: 4.0; Dividend yield: 3.3%; TSINetwork Rating: Above Average; www.pfizer.com) is the world’s largest pharmaceutical company.

Pfizer gets about 45% of its revenue from 10 drugs, each of which generates over $1 billion in annual sales. They include Lipitor (for high cholesterol), Enbrel (rheumatoid arthritis), Lyrica (epilepsy), Celebrex (arthritis), Viagra (erectile dysfunction), Norvasc (hypertension), Prevnar (a pneumonia vaccine), Sutent (stomach cancer), Premarin (hormone replacement) and Zyvox (bacterial infections).

The company is also the world’s fifth-largest maker of overthe- counter drugs. Brands include Advil (pain relief), Centrum (vitamins) and Robitussin (cough syrup).
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BCE INC. $58 (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 865.6 million; Market cap: $49.7 billion; Price-to-sales ratio: 2.3; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.bce.ca) is Canada’s largest telephone provider, with 6.7 million customers in Ontario, Quebec and the Atlantic provinces. It also has 3.4 million high-speed Internet users and 2.7 million TV subscribers. In all, these operations supplied 56% of BCE’s revenue in 2015. The company also sells wireless services (32% of revenue) to 8.25 million cellphone users across Canada. The remaining 12% of BCE’s revenue comes from its Bell Media division, which owns CTV Television (30 stations), 34 specialty channels (including TSN, Discovery, Comedy and Space), pay TV services (including the Movie Network and HBO Canada) and 106 radio stations....
CAE INC. $14 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 269.9 million; Market cap: $3.8 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.1%; TSINetwork Rating: Average; www.cae.com) earned $59.4 million in its fiscal 2016 third quarter, which ended December 31, 2015. That’s up 14.0% from $52.1 million a year earlier. Earnings per share also jumped 10.0%, rising to $0.22 from $0.20, on more shares outstanding. Revenue gained 10.2%, to $616.3 million from $559.1 million. About 90% of the company’s revenue comes from foreign customers, so it’s benefiting from the lower Canadian dollar. Sales of flight simulators and pilottraining services to airlines (54% of total revenue) gained 3.9%. CAE sold nine simulators during the quarter, for a total of 39 in the first nine months of fiscal 2016. It expects its full-year total to exceed the 41 sold in fiscal 2015....
TELUS CORP. $40 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 599.9 million; Market cap: $24.0 billion; Price-to-sales ratio: 1.9; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s second-largest wireless telephone service provider, after Rogers Communications, with 8.5 million subscribers. Wireless now supplies 56% of Telus’s revenue and 66% of its earnings. The remaining 44% of revenue and 34% of earnings come from its wireline division, which serves 1.5 million residential phone customers in B.C., Alberta and eastern Quebec. This business also has 1.6 million high-speed Internet users and 1.0 million TV clients. The stock is down 11% from its July 2015 peak of $45. That’s partly due to Shaw Communications’ (Toronto symbol SJR.B) recent deal to pay $1.6 billion for wireless carrier Wind Mobile, which operates in Ontario, Alberta and B.C....