Latest Stock Advice
Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
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Koss Corp. $2.15, symbol KOSS on Nasdaq (Shares outstanding: 7.4 million; Market cap: $16.3 million; www.koss.com), began operating in 1958 when founder John C. Koss developed the first high-fidelity stereo headphones for consumers. The Koss family owns 78.06% of the stock. The name no doubt brings back warm memories for baby-boom audiophiles, since Koss was a top brand in the stereo music boom of the 1960s and 1970s. Stereo headphones now account for about 85% of the company’s sales. The remaining 15% comes from Bluetooth wireless speakers, computer headsets and related audio equipment. The company sells most of these products under the Koss brand. In December 2009, Koss’s former vice president of finance Sujata “Sue” Sachdeva was charged with fraud in U.S. federal court for embezzling $34 million from the company. She was later sentenced to 11 years in prison. As a result of the fraud, Koss has now restated five years of financials....
American International Group, $52.17, symbol AIG on New York (Shares outstanding: 1.1 billion; Market cap: $60.5 billion; www.aig.com), is a leading international insurance company serving customers in more than 130 countries. The company went through a severe downturn in the recession of 2008/2009. Its stock dropped from over $1,200 a share in 2007, to less than $10 in March 2009. The company has three segments: Chartis, its property & casualty insurance arm; SunAmerica Financial Group, its life, accident & health insurance company (also offering annuities, mutual funds and financial planning services); and Financial Services, a business focused on commercial aircraft leasing. In late 2015, investors Carl Icahn and John Paulson launched a campaign to force AIG to split into three separate businesses. The two felt that AIG had significantly underperformed other insurance firms. They were also worried that its corporate structure was too complex to keep costs under control and that would prevent the stock from achieving its full value. As well, the company’s size subjects it to greater regulation and capital requirements than it would face if divided into independent businesses....
Aecon Group Inc., $14.77, symbol ARE on Toronto (Shares outstanding: 56.9 million; Market cap: $853.4 million; www.aecon.com), is one of Canada’s largest infrastructure developers. The company and its predecessors helped to build Canadian landmarks such as the CN Tower, the St. Lawrence Seaway, the Calgary Olympic Oval and the Halifax Shipyards. Aecon has three main divisions: The energy group accounted for 43% of the company’s revenue in the latest quarter. It builds facilities and components for clients in the power industry, including nuclear reactors....
Intertape Polymer, $17.18, symbol ITP on Toronto (Shares outstanding: 58.7 million; Market cap: $1.0 billion; www.intertapepolymer.com), develops and makes a variety of pressure-sensitive and water-activated sealing tapes, woven-coated fabrics and a range of packaging. It has 11 plants in North America and one in Europe. Intertape’s sales fell 4.1% in the three months ended September 30, 2015, to $200.6 million from $209.1 million a year earlier. (All figures except share price and market cap in U.S. dollars.) The fall was mostly due to start-up costs at a new plant in South Carolina. Meanwhile, the company earned $12.9 million, or $0.21 a share, before one-time items in the latest quarter. That was down 7.9% from $14.0 million, or $0.22 a share. The decline came from the lower sales, as well as higher research and income tax expenses....