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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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LOBLAW COMPANIES $72.20 (Toronto symbol L; Shares outstanding: 412.6 million; Market cap: $29.4 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) is Canada’s largest food retailer.
Loblaw plans to close 52 underperforming stores in the next year, including supermarkets, gas bars and stand-alone Joe Fresh clothing outlets. Following these closures, it will operate roughly 2,400 stores, including 1,250 Shoppers Drug Mart pharmacies.
The move will cut Loblaw’s yearly sales by $300 million, but it should add $35 million to $40 million to its annual gross profits. It also expects to save at least $200 million this year by merging its warehouses and other operations with Shoppers.
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Loblaw plans to close 52 underperforming stores in the next year, including supermarkets, gas bars and stand-alone Joe Fresh clothing outlets. Following these closures, it will operate roughly 2,400 stores, including 1,250 Shoppers Drug Mart pharmacies.
The move will cut Loblaw’s yearly sales by $300 million, but it should add $35 million to $40 million to its annual gross profits. It also expects to save at least $200 million this year by merging its warehouses and other operations with Shoppers.
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WAL-MART STORES INC., $66.56, New York symbol WMT, fell 8% this week after reporting lower-than-expected earnings. But that’s partly because it’s investing heavily in its websites and hiring more workers to speed up checkout lines. It has also raised wages. In the second quarter of its 2016 fiscal year, which ended July 31, 2015, Wal-Mart’s earnings fell 11.4%, to $3.5 billion from $3.9 billion a year earlier. Earnings per share declined 10.7%, to $1.08 from $1.21, on fewer shares outstanding, missing the consensus forecast of $1.12. Overall sales gained 0.1%, to $120.2 billion from $120.1 billion, beating the consensus estimate of $119.7 billion. Excluding the high U.S. dollar’s impact on the company’s overseas operations, revenue gained 3.6%. Online sales jumped 16%....
ENBRIDGE INC., $52.32, Toronto symbol ENB, continues to move ahead with the major reorganization it announced in December 2014. The company plans to transfer its pipelines to 19.9%-owned affiliate Enbridge Income Fund Holdings Inc. (Toronto symbol ENF). This company owns 42% of Enbridge Income Fund (Enbridge Inc. owns the remaining 58%), which holds a variety of businesses, including oil and gas pipelines and solar and wind farms. Under the proposal, Enbridge will transfer pipelines that pump oil sands crude to the U.S., along with wind farms in Alberta and Quebec, to Enbridge Income Fund....
In response to a question by a Member of his Inner Circle, Pat McKeough looks at the prospects of one of Canada’s biggest, and oldest, retailers, Hudson’s Bay Company. With five banners in North America, including several leading luxury chains in the U.S., the company has added one of Germany’s largest department store chains. Pat examines the costs and risks of such a big acquisition, but also looks at some of the advantages this growth stock could unlock with its European takeover.
For a recent report on a Canadian growth stock that has achieved rapid growth in the past year, read AirBoss of America gets big profit bounce from rubber products.
Q: Hi, Pat: Could I have your latest recommendations on Hudson’s Bay Co.? Regards.
A: Hudson’s Bay Co. (symbol HBC on Toronto; www.thebay.com) has five main banners:
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For a recent report on a Canadian growth stock that has achieved rapid growth in the past year, read AirBoss of America gets big profit bounce from rubber products.
Q: Hi, Pat: Could I have your latest recommendations on Hudson’s Bay Co.? Regards.
A: Hudson’s Bay Co. (symbol HBC on Toronto; www.thebay.com) has five main banners:
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