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Extendicare Inc. is pivoting toward the high-demand, high-margin service sector as aging demographics continue to work strongly in its favour.
Stanley Black & Decker Inc. offers a 3.7% yield as it continues its track record of 58 consecutive years of increases while trading cheaply at just 15.6 times rising earnings.
Motorola Solutions Inc. offers compelling value through its dominant market share, accelerating growth and strategic positioning for secular growth
Legacy Hardware Leader Pivots to Software and Security Subscription Model
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ENCANA $7.75 (Toronto symbol ECA; Shares outstanding: 849.8 million; Market cap: $6.4 billion; TSINetwork Rating: Average; Dividend yield: 1.1%; www.encana.com) continues to focus on its four key projects: Montney (B.C.), Duvernay (Alberta) and Eagle Ford and Permian (both in Texas). These fields produce large amounts of oil and natural gas liquids such as propane and butane. The company is now using its excess cash to pay down debt. That’s because Encana’s bonds are trading well below their face value due to weak oil and natural gas prices. Encana will now repurchase up to $400.0 million of those bonds by April 12, 2016 (all amounts except share price and market cap in U.S. dollars). That’s up from its earlier goal of $250.0 million....
RIOCAN REAL ESTATE INVESTMENT TRUST $26.68 (Toronto symbol REI.UN; Units outstanding: 321.9 million; Market cap: $8.7 billion; TSINetwork Rating: Average; Dividend yield: 5.2%; www.riocan.com) owns all or part of 305 shopping centres in Canada, including 16 properties under development. The trust pays monthly distributions of $0.1175 a unit, for a 5.2% annual yield. These payouts accounted for 90.4% of RioCan’s cash flow in 2015. However, 31.5% of the trust’s investors take part in its distribution reinvestment plan, so they get units rather than cash. On this basis, RioCan’s cash payouts were a more reasonable 62.0% of its cash flow. (If you want the units instead of cash, you still have to pay income taxes on your distributions for the year when you receive them.) This week, RioCan announced that with the April 2016 distribution, it eliminated the 3.1% discount it offered to unitholders who reinvested their distributions....
GREAT-WEST LIFECO $35.17 (Toronto symbol GWO; Shares outstanding: 993.4 million; Market cap: $35.0 billion; TSINetwork Rating: Above Average; Yield: 3.9%; 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 December 31, 2015, Great-West’s earnings rose 4.5%, to $0.69 a share from $0.66 a year earlier. As of December 31, 2015, the company had $1.2 trillion of assets under administration, up 14.0% from a year ago....
GREAT-WEST LIFECO $35.17 (Toronto symbol GWO; Shares outstanding: 993.4 million; Market cap: $35.0 billion; TSINetwork Rating: Above Average; Yield: 3.9%; 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 December 31, 2015, Great-West’s earnings rose 4.5%, to $0.69 a share from $0.66 a year earlier. As of December 31, 2015, the company had $1.2 trillion of assets under administration, up 14.0% from a year ago....