One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.
Value stocks are stocks trading lower than their financial fundamentals suggest. They are perceived as undervalued, and have the potential to rise. Many new tech stocks, for instance, start out as growth stocks and transition into value stocks.
They have a low price-to-earnings and price-to-book ratios—which is why they’re less expensive than growth stocks. Due to this fundamental distinction, a value stock is often traded at a more affordable rate than a growth stock.
To investors, they see companies that fall into this category as undervalued. These investors are less likely to invest in a growth stock because they feel that value company’s stock will eventually reach their full potential once they are recognized by the market.
Generally speaking, the climb is steady for value stocks. The only other way for it to emerge into the market like a growth stock is for it to be a bit more innovative with its products or services.
Pat McKeough is an expert at delving into a company’s financial statements and identifying undervalued securities and value stocks. That’s because value stocks are the foundation of any long term investment strategy, at TSI Network we also recommend our three-part Successful Investor strategy:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
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Learn everything you need to know in ‘The Canadian Guide on How to Invest in Stocks Successfully’ for FREE from The Successful Investor.
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MOLSON COORS BEVERAGE CO. $47 is still a hold. The company (New York symbol TAP; Aggressive Growth Portfolios, Consumer sector; Shares o/s: 216.8 million; Market cap: $10.2 billion; Price-to-sales ratio: 1.1; Dividend suspended in March 2020; TSINetwork Rating: Average; www.molsoncoors.com) is one of the world’s largest beer brewers.
Many… Read More
BOEING CO. $229 remains a hold. The aircraft maker (New York symbol BA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 583.0 million; Market cap: $133.5 billion; Price-to-sales ratio: 2.3; Dividend suspended in June 2020; TSINetwork Rating: Extra Risk; www.boeing.com) has received approval from aviation regulators for… Read More
LINAMAR CORP. $72 remains a buy. The company (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 65.4 million; Market cap: $4.7 billion; Price-to-sales ratio: 0.8; Dividend yield: 0.7%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts, including cylinder heads and cylinder blocks… Read More
FINNING INTERNATIONAL INC. $30 is a buy. The company (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 162.1 million; Market cap: $4.9 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South… Read More
Continuing COVID-19 lockdowns, particularly in Ontario and Quebec, will undoubtedly limit sales and earnings for these leading retailers. However, all of them have expanded their online businesses in the past few years. That should help them handle any longer-term shift away from in-store shopping.
We feel… Read More
HP INC. $25 is a hold. The company (New York symbol HPQ; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.6 billion; Market cap: $40.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.1%; TSINetwork Rating: Average; www.hp.com) continues to see strong demand for new personal computers as more… Read More
CEDAR FAIR L.P. $39 is still a hold. The partnership (New York symbol FUN; Income Portfolio, Consumer sector; Units outstanding: 56.7 million; Market cap: $2.2 billion; Price-to-sales ratio: 5.4; Dividend suspended in June 2020; TSINetwork Rating: Average; www.cedarfair.com) owns 11 amusement parks and four water parks. It also… Read More
WAJAX CORP. $18.02 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares o/s: 20.0 million; Market cap: $360.4 million; Divd. yield: 5.6%) has bought Calgary-based Tundra Process Solutions for $99.1 million. Tundra provides maintenance and technical services to customers in the Western Canadian midstream oil and gas, oil… Read More
Canada’s Big Five banks are setting aside fewer funds for future bad loans. That reflects government COVID-19 support programs to the those directly hurt by lockdowns.
In response to the pandemic, banking regulators forced banks to suspend share buybacks and freeze their dividends. As a result,… Read More
GENERAL ELECTRIC CO. $11 is still a hold. The company (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 8.75 billion; Market cap: $96.3 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.4%; TSINetwork Rating: Average; www.ge.com) has three main businesses: aviation (jet engines and aircraft… Read More
COVID-19 continues to hurt new vehicle sales at these two Japanese carmakers. However, both are cutting their costs, which sets them up for a strong earnings rebound when sales bounce back. Both stocks also offer investors above-average dividend yields.
TOYOTA MOTOR CO. ADRs $155 is a.. Read More
COVID-19 will probably prompt more people to hang on to their current vehicles instead of buying new ones. That has helped these two stocks recover from the their March 2020 lows. Still, we feel Genuine Parts is in a particularly strong position to keep rising… Read More
These three foodmakers continue to report higher sales and earnings as more people eat at home due to COVID-19. We like all three, but Kraft Heinz and General Mills could see their sales drop when the pandemic eases. However, demand for Campbell Soup’s products will… Read More
ANDREW PELLER LTD. (A shares) is still a buy. The company (Toronto symbols ADW.A $11 and ADW.B $11; Income Portfolio, Consumer sector; Shares outstanding: 43.7 million; Market cap: $480.7 million; Price-to-sales ratio: 1.2; Dividend yield: 2.0%; www.andrewpeller.com) is Canada’s second-largest wine producer, after Arterra Wines.
For the fiscal 2021… Read More
We continue to recommend investors diversify their Finance holdings beyond Canada’s Big Five banks to other high-quality stocks. That includes the three we analyze below. Each of these firms is a leader in its niche market, which helps to cut risk. Even so, we see… Read More
FORD MOTOR CO. $9.08 is a hold. The automaker (New York symbol F; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 3.9 billion; Market cap: $35.4 billion; Price-to-sales ratio: 0.3; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.ford.com) plans to spend $11.5 billion through 2022… Read More
The Finance sector offers investors a wide variety of stocks beyond banks. The best of these, such as the three we recommend below, are leaders in their niche businesses. Their strong market positions help them weather shocks like the COVID-19 pandemic to bounce back even… Read More
LINAMAR CORP. $56 remains a buy. The company (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 65.4 million; Market cap: $3.7 billion; Price-to-sales ratio: 0.6; Dividend yield: 0.5%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts, including cylinder heads… Read More
ENBRIDGE INC. $40 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.0 billion; Market cap: $80.0 billion; Price-to-sales ratio: 2.0; Dividend yield: 8.1%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas… Read More
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