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Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
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.
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TORSTAR $2.21 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $182.1 million; TSINetwork Rating: Average; Dividend yield: 11.8%; www.torstar.com) will close its money-losing printing plant in Vaughan, Ontario, just north of Toronto, in July 2016. It will then transfer printing of The Toronto Star newspaper to Transcontinental Inc. Torstar will also sell the Vaughan plant and land. This will help offset its closing costs. It will also give it more cash for Star Touch, the tablet-newspaper app it launched in October. So far, more than 200,000 users have downloaded Star Touch, which uses technology licensed from Montreal’s La Presse newspaper. The app should help Torstar attract younger readers and sell more online ads....
TORSTAR $2.21 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $182.1 million; TSINetwork Rating: Average; Dividend yield: 11.8%; www.torstar.com) will close its money-losing printing plant in Vaughan, Ontario, just north of Toronto, in July 2016. It will then transfer printing of The Toronto Star newspaper to Transcontinental Inc. Torstar will also sell the Vaughan plant and land. This will help offset its closing costs. It will also give it more cash for Star Touch, the tablet-newspaper app it launched in October. So far, more than 200,000 users have downloaded Star Touch, which uses technology licensed from Montreal’s La Presse newspaper. The app should help Torstar attract younger readers and sell more online ads....
MANULIFE FINANCIAL $18.16 (Toronto symbol MFC; Shares outstanding: 2.0 billion; Market cap: $37.9 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.manulife.ca) sells life and other related forms of insurance, as well as mutual funds and investment management services. In the three months ended September 30, 2015, Manulife’s earnings per share, excluding one-time items, gained 10.3%, to $0.43 from $0.39 a year earlier. Revenue rose 16.2%, to $7.48 billion from $6.44 billion. The company continues to expand in growing Asian markets. Right now, about 40% of its insurance premiums come from that region....
GREAT-WEST LIFECO $34.22 (Toronto symbol GWO; Shares outstanding: 993.4 million; Market cap: $34.5 billion; TSINetwork Rating: Above Average; Yield: 3.8%; www.greatwestlifeco.com) is one of Canada’s largest insurance firms. It also offers mutual funds and wealth management. Power Financial owns 67.2% of Great-West. In the three months ended September 30, 2015, Great-West’s earnings rose 4.3%, to $0.72 a share from $0.69 a year earlier. The company continues to benefit from two recent acquisitions. In 2013, it paid $1.75 billion for Irish Life, Ireland’s largest pension manager and life insurance provider. In 2015, it paid an undisclosed sum for the Irish operations of Legal & General Group plc, which provides investment and taxplanning services to wealthy individuals....