Latest Stock Advice
Long-time favourite TC Energy Inc. yields 3.9% and generates stable cash flows from almost 94,000 kilometres of natural gas pipelines plus large-scale gas storage and power generation assets.
Stantec Inc. boosts its growth prospects with savvy acquisitions
Signet Jewelers Ltd. is still subject to changes in consumer confidence, but it’s making smart moves to spur growth
It is important to note that some types of investments provide more security than others. Investors seeking safe investment options should look for well-established companies with hidden assets among other key characteristics.
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In addition to Loblaw (see first article), we think these three retail stocks have great long-term prospects. They all lead their markets and have strong brands and reputations that will help them grow. However, only aggressive investors should consider Metro and RioCan. CANADIAN TIRE CORP. $122 (Toronto symbol CTC.A; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 75.0 million; Market cap: $9.2 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.canadiantire.ca) has 495 Canadian Tire stores, which sell automotive, household and sporting goods. Franchisees run most of these outlets. Other operations include 297 gas stations and 91 PartSource auto parts stores....
EMERA INC. $42 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 145.3 million; Market cap: $6.1 billion; Price-to-sales ratio: 2.1; Dividend yield: 4.5%; TSINetwork Rating: Average; www.emera.com) recently agreed to acquire Teco Energy (New York symbol TE), which supplies electricity and natural gas to 1.05 million customers in Tampa Bay and the surrounding region. A separate subsidiary distributes gas to 510,000 clients in New Mexico. The company will pay $6.5 billion U.S. in cash for Teco. If you include Teco’s debt, the deal is worth $10.4 billion U.S. Teco shareholders have already approved the sale. Regulators still need to agree, but Emera should complete the purchase in mid-2016. By 2019, the company expects the new operations to increase its earnings per share by 10%....
ENBRIDGE INC. $43 (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 863.7 million; Market cap: $37.1 billion; Price-to-sales ratio: 1.1; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.enbridge.com) will make a final decision on its proposed Northern Gateway pipeline in the second half of 2016. This $7.9-billion project would pump crude from Alberta to the B.C. coast. From there, tankers would ship the oil to Asian markets. Regulators have approved the line, but the new federal Liberal government plans to ban tanker traffic off B.C.’s northern coast. That hurts the project’s viability. Meanwhile, Enbridge expects its cash flow per share to improve from $3.65 in 2015 to $4.15 in 2016. That prompted it to raise its dividend by 14.0%. The new rate of $2.12 a share yields 4.9%....
POTASH CORP. OF SASKATCHEWAN $24 (Toronto symbol POT; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 835.1 million; Market cap: $20.0 billion; Price-to-sales ratio: 3.2; Dividend yield: 8.6%; TSINetwork Rating: Average; www.potashcorp.com) continues to see weak demand for potash and other fertilizers in North America, Latin America and India. That’s because record harvests have cut prices for wheat, corn, soybeans and other crops. As a result, farmers have less income to spend on fertilizers. In addition, Russia’s Uralkali Group, the world’s largest potash producer, has increased production in an attempt to boost its market share. Prices could fall even further, as German potash producer K+S AG still plans to open its Legacy mine in southern Saskatchewan in 2016....