Latest Stock Advice
Aggressive investors looking at high-risk stocks to invest in should only allocate a small part of their portfolios to those investments
Long-term favourite Suncor Energy Inc. has now earmarked a lot of its growing cash flow for shareholders
ResMed Inc. is a leader in the global sleep apnea device market with a near-monopoly in its niche as its total addressable market keeps expanding.
Extendicare Inc. is pivoting toward the high-demand, high-margin service sector as aging demographics continue to work strongly in its favour.
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First National Financial Corp., $28.80, symbol FN on Toronto, (Shares outstanding: 60.0 million; Market cap: $1.8 billion; www.firstnational.ca), is Canada’s largest non-bank originator and underwriter of residential mortgages. It held $94.3 billion in mortgages under administration as of March 31, 2016. The company focuses its lending on mortgages for single-family homes and small apartment buildings. It has a limited number of commercial loans. First National was an income trust in May 2006 when it sold units to the public at $10 each and began trading on the Toronto Exchange. It then switched over to a conventional corporation on January 1, 2011. To free up capital for new lending, the company sells its mortgages to financial institutions. It also securitizes those loans by packaging them together and selling them as mortgage bonds. That securitization tends to lower earnings in the short term, but offers higher profit in the long term....
Slate Retail REIT, $13.97, symbol SRT.UN on Toronto (Units outstanding: 35.4 million; Market cap: $459.9 million; www.slateretailreit.com), owns 66 retail malls in 20 U.S. states. In all, those properties contain 7.7 million square feet. Slate’s overall occupancy rate was a high 94.4% as of March 31, 2016. The REIT took its current form on April 15, 2014. That’s when Slate Asset Management L.P. reorganized its publicly traded operations. This firm owns 6.7% of Slate Retail and manages the REIT....
AltaGas Ltd., $30.89, symbol ALA on Toronto (Shares outstanding: 147.3 million; Market cap: $4.5 billion; www.altagas.ca), processes, transports, stores and markets natural gas for producers. The company also operates natural gas utilities, and it is a power generator, with gas-fired, coal-fired, wind, biomass and hydroelectric plants. Acquisitions and $1.7 billion in new projects increased AltaGas’s revenue from $1.3 billion in 2011 to $2.4 billion in 2014—an 88% jump. Revenue then fell to $2.2 billion in 2015, due to lower selling prices for natural gas and weaker power prices in Alberta. Cash flow per share gained 42.5%, from $2.61 in 2011 to $3.72 in 2014; it declined to $3.41 in 2015....
Evertz Technologies Ltd., $17.11, symbol ET on Toronto (Shares outstanding: 74.2 million; Market cap: $1.3 billion; www.evertz.com), makes video and audio systems for telecommunications and other media industries. The company sells its hardware and software to content creators, broadcasters, specialty channels and TV service providers. Customers use it to support their complex digital and high definition television (HDTV) networks as well as their high-bandwidth Internet services. Customers have used Evertz’s hardware at events such as the Sochi Olympics in Russia, the FIFA World Cup, the Commonwealth Games and the U.S. midterm elections....