How To Invest
In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
Investors should approach all investments with a healthy sense of skepticism. This can help keep you out of fraudulent stocks that masquerade as high-quality stocks. It will also keep you out of legally operated, but poorly managed, companies that promise more than they can possibly deliver.
If you are a new investor, you should also realize that losing patience can cause you to sell your best choices right before a big rise. All too often, investors buy a promising stock just as it enters a period of price stagnation. Even the best-performing stocks run into these unpredictable phases from time to time. They move mainly sideways in a wide range for months or years before their next big rise begins. (Stock brokers often refer to these stocks as “dead money.”)
If you lack patience, you run a big risk of selling your best choices in the midst of one of these phases, prior to the next big move upward. If you lose patience and sell, you are particularly likely to do so in the low end of the trading range, when stock prices have weakened and confidence in the stock has waned.
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TORSTAR CORP. $6.85 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $547.3 million; TSINetwork Rating: Above Average; Dividend yield: 7.7%; www.torstar.com) publishes The Toronto Star, Canada’s largest daily newspaper by circulation. It also publishes three other daily papers and over 110 weeklies.
As well, the company owns Harlequin Enterprises, the world’s leading romance novel publisher.
In the three months ended September 30, 2012, Torstar earned $14.1 million, or $0.18 a share. That was down 44.0% from $25.2 million,or $0.32 a share, a year earlier. Revenue fell 6.2%, to $355.3 million from $378.7 million.
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As well, the company owns Harlequin Enterprises, the world’s leading romance novel publisher.
In the three months ended September 30, 2012, Torstar earned $14.1 million, or $0.18 a share. That was down 44.0% from $25.2 million,or $0.32 a share, a year earlier. Revenue fell 6.2%, to $355.3 million from $378.7 million.
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TRANSCANADA CORP. $45.12 (Toronto symbol TRP; Shares outstanding: 705.0 million; Market cap: $31.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) operates 68,500 kilometres of natural gas pipelines in Canada and the U.S. It also has interests in over 10,800 megawatts of power generation, including the Bruce Power nuclear plant.
In the three months ended September 30, 2012, TransCanada’s evenue rose 4.1%, to $2.1 billion from $2.0 billion a year earlier. Earnings per share fell 15.3%, to $0.50 from $0.59. The decline was mostly due to the shutdown of two reactors, Bruce Power Units 1 and 2, for maintenance. Both have now resumed normal operations.
The company has completed $13 billion of projects since 2010. It now aims to finish a further $10 billion worth by 2015, including not just Keystone XL but also the $2.3-billion Gulf Coast pipeline, which will pump oil from Cushing, Oklahoma, to Houston, Texas, starting next year. TransCanada has another $9 billion of projects planned for after 2015.
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In the three months ended September 30, 2012, TransCanada’s evenue rose 4.1%, to $2.1 billion from $2.0 billion a year earlier. Earnings per share fell 15.3%, to $0.50 from $0.59. The decline was mostly due to the shutdown of two reactors, Bruce Power Units 1 and 2, for maintenance. Both have now resumed normal operations.
The company has completed $13 billion of projects since 2010. It now aims to finish a further $10 billion worth by 2015, including not just Keystone XL but also the $2.3-billion Gulf Coast pipeline, which will pump oil from Cushing, Oklahoma, to Houston, Texas, starting next year. TransCanada has another $9 billion of projects planned for after 2015.
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Pat McKeough responds to many personal questions about stock investing and other investment topics from the members of his Inner Circle. Every week, his comments and recommendations on the most intriguing questions of the past week go out to all Inner Circle members. And each week, we offer you one of the highlights from these Q&A sessions. While we reserve our buy-hold-sell advice for Inner Circle members, these excerpts provide a great deal of information and analysis on stocks we’ve covered for members of Pat’s Inner Circle. This week, one Inner Circle member wanted to know about Héroux-Devtek. This Canadian company has carved out a special niche for itself in the aeronautical business. Pat balances the drawbacks of operating in a highly cyclical industry against the company’s long-term contracts with military and commercial clients. ...
Pat McKeough responds to many personal questions about specific stock market advice and other investment topics from the members of his Inner Circle. Every week, his comments and recommendations on the most intriguing questions of the past week go out to all Inner Circle members. And each week, we offer you one of the highlights from these Q&A sessions. While we reserve our buy-hold-sell advice for Inner Circle members, these excerpts provide a great deal of information and analysis on stocks we’ve covered for members of Pat’s Inner Circle. This week, one question from an Inner Circle member concerned a leading Canadian waste company. This firm has made several acquisitions, and Pat takes a detailed look at the company’s strategy and the risks it takes in order to pursue the potential rewards of growth by acquisition. ...
Pat McKeough responds to many personal questions about specific stock market investments and other investment topics from the members of his Inner Circle. Every week, his comments and recommendations on the most intriguing questions of the past week go out to all Inner Circle members. And each week, we offer you one of the highlights from these Q&A sessions. While we reserve our buy-hold-sell advice for Inner Circle members, these excerpts provide a great deal of information and analysis on stocks we’ve covered for members of Pat’s Inner Circle. This week, one Inner Circle member asked us about one U.S. stock that sells three popular fast food items—donuts, coffee and ice cream. Pat looks at the company’s chances to expand in the U.S. and overseas and also examines its venture in the fast-growing business of K-Cups for home coffee machines....
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on investments, including errors to avoid when you are buying stocks. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice right away. Today’s tip: “If you can avoid these 3 common investor errors, you significantly improve your chances of achieving positive returns.”...
H&R REAL ESTATE INVESTMENT TRUST $24.13 (Toronto symbol HR.UN; Units outstanding: 187.3 million; Market cap: $4.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.2%; www.hr-reit.com) has increased its distribution for the 10th consecutive quarter. The REIT began raising its payout in early 2010 with the goal of reaching an annual rate of $1.25 in the fourth quarter of 2012.
The latest increase of 4.2%, to $0.10417 per month from $0.10, lets it achieve that goal.
But its strong cash flow, up 35.1% to $0.50 a unit from $0.37 a year ago, prompted it to go further, raising its distribution by 8%, to $0.1125 per month, or $1.35 a year, starting in January 2013. That gives it a 5.6% yield.
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The latest increase of 4.2%, to $0.10417 per month from $0.10, lets it achieve that goal.
But its strong cash flow, up 35.1% to $0.50 a unit from $0.37 a year ago, prompted it to go further, raising its distribution by 8%, to $0.1125 per month, or $1.35 a year, starting in January 2013. That gives it a 5.6% yield.
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CANADIAN REIT $41.64 (Toronto symbol REF.UN; Units outstanding: 68.0 million; Market cap: $2.8 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.6%; www.creit.ca) owns over 190 properties, including retail, industrial and office buildings, located across Canada and in Chicago. These properties contain over 19.6 million square feet of leasable area. The trust’s occupancy rate is 94.7%.
In the three months ended June 30, 2012, million from $80.3 million a year earlier. Cash flow per unit rose 12.1%, to $0.65 from $0.58.
Canadian REIT added $298.5 million of properties in the first half of this year, including two office buildings, a further investment in the Dartmouth Crossing (the largest unenclosed mall in Atlantic Canada) and the completion of several development projects. That total also included 50% of Calgary Place, a 575,000-square-foot office and retail complex it bought for $156.0 million in April 2012.
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In the three months ended June 30, 2012, million from $80.3 million a year earlier. Cash flow per unit rose 12.1%, to $0.65 from $0.58.
Canadian REIT added $298.5 million of properties in the first half of this year, including two office buildings, a further investment in the Dartmouth Crossing (the largest unenclosed mall in Atlantic Canada) and the completion of several development projects. That total also included 50% of Calgary Place, a 575,000-square-foot office and retail complex it bought for $156.0 million in April 2012.
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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $31.60 (Toronto symbol AP.UN; Units outstanding: 60.0 million; Market cap: $1.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.2%; www.alliedpropertiesreit.com) owns 119 office buildings, mostly in major Canadian cities. These mainly Class I properties contain over 8.3 million square feet of leasable area.
Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to office and retail space. They usually feature exposed beams, interior brick and hardwood floors.
In 2011, the trust bought 22 properties for $456 million. In the first half of 2012, it bought 14 buildings for $175.0 million. Allied has an occupancy rate of 92.3%.
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Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to office and retail space. They usually feature exposed beams, interior brick and hardwood floors.
In 2011, the trust bought 22 properties for $456 million. In the first half of 2012, it bought 14 buildings for $175.0 million. Allied has an occupancy rate of 92.3%.
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ISHARES AUSTRALIA INDEX FUND $24.58 (New York symbol EWA; buy or sell through brokers) is an ETF that holds the 71 largest Australian stocks. Its MER is 0.52%.
The fund’s top holdings include BHP Billiton, 12.1%; Commonwealth Bank of Australia, 10.1%; Westpac Banking Corp., 8.6%; Australia and New Zealand Banking Group, 7.5%; National Australia Bank, 6.5%; Woolworths, 4.0%; Wesfarmers, 3.8%; Rio Tinto, 2.7%; CSL Ltd., 2.6%; and Westfield Group, 2.5%.
Australia benefits from its stable banking and political systems. It is also rich in natural resources, and it’s close to key Asian markets with vast potential, including India and China.
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The fund’s top holdings include BHP Billiton, 12.1%; Commonwealth Bank of Australia, 10.1%; Westpac Banking Corp., 8.6%; Australia and New Zealand Banking Group, 7.5%; National Australia Bank, 6.5%; Woolworths, 4.0%; Wesfarmers, 3.8%; Rio Tinto, 2.7%; CSL Ltd., 2.6%; and Westfield Group, 2.5%.
Australia benefits from its stable banking and political systems. It is also rich in natural resources, and it’s close to key Asian markets with vast potential, including India and China.
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