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.
[text_ad use_category="18"]
Read More
Close
PEMBINA PIPELINE $39.55 (Toronto symbol PPL; Shares outstanding: 336.0 million; Market cap: $13.5 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.pembina.com) owns pipelines that carry half of Alberta’s conventional oil, 30% of Western Canada’s natural gas liquids (NGLs) and almost all of B.C.’s conventional oil.
Pembina also owns extensive facilities to extract, process and store NGLs.
In the quarter ended September 30, 2014, Pembina’s cash flow per share fell 6.2%, to $0.61 from $0.65. But that’s mainly because the company hired new employees and more consultants to support its continued rapid growth.
...
Pembina also owns extensive facilities to extract, process and store NGLs.
In the quarter ended September 30, 2014, Pembina’s cash flow per share fell 6.2%, to $0.61 from $0.65. But that’s mainly because the company hired new employees and more consultants to support its continued rapid growth.
...
TD BANK $52.89 (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $90.0 billion; TSINetwork Rating: Above Average; Dividend yield: 3.6%; www.td.com) is Canada’s largest bank, with $944.7 billion of assets. It also operates 1,318 branches in the U.S.—compared to 1,165 in Canada—and owns 40.72% of TD Ameritrade (New York symbol AMTD), a leading online brokerage.
Excluding one-time items, TD’s earnings per share rose 15.1% in the fiscal year ended October 31, 2014, to $4.28 from $3.72. Revenue gained 9.2%, to $30.0 billion from $27.3 billion.
TD continues to benefit from its early 2014 deal with Aimia (Toronto symbol AIM) to become the main credit card issuer for the popular Aeroplan travel-reward program. The bank’s Canadian and U.S. retail operations are also profiting from stronger growth in both loans and deposits. In addition, the U.S. business is gaining from acquisitions, including Target Corp.’s U.S. credit card portfolio.
...
Excluding one-time items, TD’s earnings per share rose 15.1% in the fiscal year ended October 31, 2014, to $4.28 from $3.72. Revenue gained 9.2%, to $30.0 billion from $27.3 billion.
TD continues to benefit from its early 2014 deal with Aimia (Toronto symbol AIM) to become the main credit card issuer for the popular Aeroplan travel-reward program. The bank’s Canadian and U.S. retail operations are also profiting from stronger growth in both loans and deposits. In addition, the U.S. business is gaining from acquisitions, including Target Corp.’s U.S. credit card portfolio.
...
CANADIAN REIT $48.21 (Toronto symbol REF.UN; Units outstanding: 72.4 million; Market cap: $3.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.6%; www.creit.ca) owns 198 properties, including retail, industrial and office buildings, across Canada and in Chicago. These holdings contain 24.6 million square feet of leasable area. The trust’s occupancy rate is 95.3%.
In the three months ended September 30, 2014, Canadian REIT’s revenue rose 1.5%, to $100.8 million from $99.3 million a year earlier. Cash flow per unit gained 2.8%, to $0.74 from $0.72.
Canadian REIT added $191.1 million worth of buildings in 2013. That followed $401.9 million of purchases in 2012, including 50% of Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has made one acquisition: a 261,000-square-foot industrial property near Toronto’s Pearson International Airport for $29.3 million.
...
In the three months ended September 30, 2014, Canadian REIT’s revenue rose 1.5%, to $100.8 million from $99.3 million a year earlier. Cash flow per unit gained 2.8%, to $0.74 from $0.72.
Canadian REIT added $191.1 million worth of buildings in 2013. That followed $401.9 million of purchases in 2012, including 50% of Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has made one acquisition: a 261,000-square-foot industrial property near Toronto’s Pearson International Airport for $29.3 million.
...
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $39.54 (Toronto symbol AP.UN; Units outstanding: 74.7 million; Market cap: $3.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.7%; www.alliedreit.com) owns 138 office buildings, mostly in major Canadian cities. These mainly Class I properties contain over 9.9 million square feet of leasable area.
Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to retail space. They usually feature exposed beams, interior brick and hardwood floors.
Allied bought $400 million of properties in 2012 and $182.4 million in 2013. In the first three quarters of 2014, it added seven more for $210.0 million.
...
Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to retail space. They usually feature exposed beams, interior brick and hardwood floors.
Allied bought $400 million of properties in 2012 and $182.4 million in 2013. In the first three quarters of 2014, it added seven more for $210.0 million.
...
CANADIAN PACIFIC RAILWAY LTD. $231.77 (Toronto symbol CP; Shares outstanding: 171.0 million; Market cap: $39.4 billion; TSINetwork Rating: Average; Dividend yield: 0.6%; www.cpr.ca) has agreed to form a 50/50 joint venture with DREAM Unlimited Corp., Toronto symbol DRM.
This new business—called DREAM Van Horne Properties—will redevelop several of CP’s real estate holdings, helping the company unlock some of their hidden value.
These assets include 75-acre Schiller Park in Chicago; Obico, a 74-acre site near Toronto; the 92-acre South Edmonton Yard, close to downtown Edmonton; and Lucien L’allier, a three-acre site in Montreal.
...
This new business—called DREAM Van Horne Properties—will redevelop several of CP’s real estate holdings, helping the company unlock some of their hidden value.
These assets include 75-acre Schiller Park in Chicago; Obico, a 74-acre site near Toronto; the 92-acre South Edmonton Yard, close to downtown Edmonton; and Lucien L’allier, a three-acre site in Montreal.
...
IBM $156.96 (New York symbol IBM; Shares outstanding: 989.7 million; Market cap: $157.0 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.ibm.com) reported better-than-expected earnings in the latest quarter, but that was mainly due to cost cuts, as demand for the company’s mainframes and computer services has weakened.
In the three months ended December 31, 2014, IBM’s per-share earnings fell 5.7%, to $5.81 from $6.16. That beat the consensus estimate of $5.41.
Revenue fell 11.9%, to $24.1 billion from $27.4 billion, missing the consensus estimate of $24.8 billion. If you adjust for foreign exchange rates and the sale of the company’s server business, revenue declined by 2%.
...
In the three months ended December 31, 2014, IBM’s per-share earnings fell 5.7%, to $5.81 from $6.16. That beat the consensus estimate of $5.41.
Revenue fell 11.9%, to $24.1 billion from $27.4 billion, missing the consensus estimate of $24.8 billion. If you adjust for foreign exchange rates and the sale of the company’s server business, revenue declined by 2%.
...
PENGROWTH ENERGY $4.01 (Toronto symbol PGF; Shares outstanding: 530.1 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 6.0%; www.pengrowth.com) has cut its capital spending plans and dividend to conserve cash in the face of falling oil prices.
Capital spending will drop 74.0%, to $200 million from $770 million in 2014. The company is also cutting its monthly dividend by 50.0%, from $0.04 a share to $0.02. The new rate still yields a high 6.0%.
Pengrowth is still a buy.
...
Capital spending will drop 74.0%, to $200 million from $770 million in 2014. The company is also cutting its monthly dividend by 50.0%, from $0.04 a share to $0.02. The new rate still yields a high 6.0%.
Pengrowth is still a buy.
...
IMPERIAL OIL $49.56 (Toronto symbol IMO; Shares outstanding: 847.6 million; Market cap: $43.0 billion; TSINetwork Rating: Average; Dividend yield: 1.1%; www.imperialoil.ca) owns roughly 500 of the 1,700 Esso gas stations in Canada.
The company is considering selling its companyowned stations to independent operators. It’s likely that it would only sell to buyers who agree to purchase their fuel from Imperial and keep using the Esso brand.
Imperial is also looking at options to spur growth at its On the Run convenience stores. It may sell them outright or set them up as franchises.
...
The company is considering selling its companyowned stations to independent operators. It’s likely that it would only sell to buyers who agree to purchase their fuel from Imperial and keep using the Esso brand.
Imperial is also looking at options to spur growth at its On the Run convenience stores. It may sell them outright or set them up as franchises.
...
POWER CORP. $31.38 (Toronto symbol POW; Shares outstanding: 412.6 million; Market cap: $15.1 billion; TSINetwork Rating: Above Average; Divd. yield: 3.7%; www.powercorporation.com) is a diversified holding company. It holds its financial assets through 65.7%-owned Power Financial.
These financial assets include 68.1% of Great- West Lifeco, one of Canada’s largest life insurers, and 58.7% of IGM Financial, a leading Canadian mutual fund provider.
Power Financial also owns 50% of holding company Parjointco, which holds 55.5% of Switzerland- listed Pargesa Holdings SA. Pargesa has 95% of its assets in five large European companies: Imerys (minerals), Total SA (oil), Pernod Ricard (wine and spirits), SGS (inspection, testing and certification services) and Lafarge (cement and building materials). Power Corp. also has investments in Asia.
...
These financial assets include 68.1% of Great- West Lifeco, one of Canada’s largest life insurers, and 58.7% of IGM Financial, a leading Canadian mutual fund provider.
Power Financial also owns 50% of holding company Parjointco, which holds 55.5% of Switzerland- listed Pargesa Holdings SA. Pargesa has 95% of its assets in five large European companies: Imerys (minerals), Total SA (oil), Pernod Ricard (wine and spirits), SGS (inspection, testing and certification services) and Lafarge (cement and building materials). Power Corp. also has investments in Asia.
...
ENBRIDGE INC. $62.78 (Toronto symbol ENB; Shares outstanding: 848.8 million; Market cap: $53.5 billion; TSINetwork Rating: Above Average; Divd. yield: 3.0%; www.enbridge.com) has won a contract to build an underwater pipeline that will pump crude oil from a new platform in the Gulf of Mexico to an existing pipeline network.
This deal is worth $130 million, which is small next to the $8.3 billion of revenue the company reported for the three months ended September 30, 2014.
However, deals like this enhance Enbridge’s already strong reputation in the region; its pipelines already carry about 40% of the natural gas produced in the Gulf’s deeper areas. The new line should start up in 2018.
...
This deal is worth $130 million, which is small next to the $8.3 billion of revenue the company reported for the three months ended September 30, 2014.
However, deals like this enhance Enbridge’s already strong reputation in the region; its pipelines already carry about 40% of the natural gas produced in the Gulf’s deeper areas. The new line should start up in 2018.
...