Latest Stock Advice
Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
These aren’t space startups: discover 7 dividend-paying aerospace and defense contractors tied to NASA’s Artemis mission (from TSI’s latest Globe and Mail column).
Top pick Linamar Corp. is trading cheaply despite delivering higher sales and profits.
Gen Digital Inc. is trading quite cheaply for a firm that just grew revenue nearly 26% while providing plenty of cash flow for innovation, dividends and buybacks.
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The most aggressive investors often target the newest and fastest-growing stocks—but most of them won’t pan out
CAE INC. $14 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 269.9 million; Market cap: $3.8 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.1%; TSINetwork Rating: Average; www.cae.com) earned $59.4 million in its fiscal 2016 third quarter, which ended December 31, 2015....
IMPERIAL OIL LTD. $41 (Toronto symbol IMO; Conservative Growth and Income Portfolios, Shares outstanding: 847.6 million; Market cap: $34.8 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.4%; TSINetwork Rating: Average; www.imperialoil.ca) gets about 90% of its crude oil from its Alberta oil sands operations, including its 25% stake in the Syncrude project. In addition, it has conventional oil and natural gas operations, also in Western Canada, and owns stakes in projects off the coast of Atlantic Canada. Imperial also owns three refineries, petrochemical plants and 1,700 gas stations, which operate under the Esso banner....
In addition to BCE (see page 21), we also like these two other leading telcos. Both Telus and Manitoba Telecom are doing a good job attracting new customers, and hanging on to their current subscribers. Recent cost-cutting plans should also give them more cash to improve their networks and increase their dividends. TELUS CORP. $40 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 599.9 million; Market cap: $24.0 billion; Price-to-sales ratio: 1.9; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s second-largest wireless telephone service provider, after Rogers Communications, with 8.5 million subscribers. Wireless now supplies 56% of Telus’s revenue and 66% of its earnings. The remaining 44% of revenue and 34% of earnings come from its wireline division, which serves 1.5 million residential phone customers in B.C., Alberta and eastern Quebec. This business also has 1.6 million high-speed Internet users and 1.0 million TV clients....
PENGROWTH ENERGY CORP. $0.91 (Toronto symbol PGF; Aggressive Growth and Income Portfolios, Resources sector; Shares outstanding: 543.0 million; Market cap: $494.1 million; Price-to-sales ratio: 0.8; Dividend suspended in January 2016; TSINetwork Rating: Speculative; www.pengrowth.com) has suspended its $0.01-a-share quarterly dividend in response to the sharp decline in oil prices. It will also reduce its capital spending to between $60 million to $70 million in 2016, from $184 million in 2015. The company has also laid off workers, which should save it $25 million in 2016, and aims to sell $600 million of less important properties. It will probably put these funds toward its $2.1-billion debt, which is now a high 4.3 times its depressed market cap. Pengrowth is a hold.