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Perimeter Solutions Inc. reported strong revenue and earnings as it benefits from its unique position in aerial retardants backed by a multi‑year government contract base.
IBM Corp. offers double-digit software and AI-fueled growth as its leadership in quantum computing could be a major growth spur.
Campbell’s Co. offers a high 7.2% yield at a cheap valuation with plenty of upside if the company can stabilize volumes, extract synergies, and defend margins.
Kratos Defense & Security Solutions offers high growth in an expanding market, but is expensive at the current price.
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ATCO LTD. (Toronto symbols ACO.X [class I non-voting] $34 and ACO.Y [class II voting] $34; Income Portfolio, Utilities sector; Shares outstanding: 115.1 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.9; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.atco.com) operates power plants in Western Canada, the U.K. and Australia. It also builds temporary buildings for construction, mining and energy-exploration firms. Weak commodity prices are hurting demand for electricity and shelters, particularly in Alberta. In response, ATCO is cutting 4% of its global workforce. A new carbon tax in Alberta has also weighed on ATCO’s stock. However, most of the company’s power plants burn natural gas, not coal, which should help reduce the impact of the tax. In addition, ATCO is looking at replacing some of its current facilities with a new hydroelectric plant in northern Alberta....
SHAWCOR LTD. $27 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares out- standing: 64.5 million; Market cap: $1.7 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.2%; TSINetwork Rating: Average; www.shawcor.com) has acquired certain businesses from Flint Field Services....
FORTIS INC. $36 (www.fortisinc.com) has agreed to buy Chevron Corp.’s 93.8% stake in the Aitken Creek underground gas storage facility in northeastern B.C.; BP Canada owns the remaining 6.2%. Fortis will pay $266 million U.S. when it completes the purchase in early 2016....
ROYAL BANK OF CANADA $75 (www.rbc.com) earned $9.9 billion in its 2015 fiscal year, which ended October 31, 2015, up 8.6% from $9.1 billion in fiscal 2014. Earnings per share gained 9.4%, to $6.66 from $6.09, on fewer shares outstanding. Strong gains at its retail banking, securities trading and custodial operations offset weaker results at the wealth management and insurance operations....