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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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Cintas Corp. raised its dividend for the 32nd year in a row and recorded a 68% jump in earnings over the last five years
WAL-MART STORES INC., $69.06, New York symbol WMT, has successfully defeated a new law in Puerto Rico that would have tripled the tax bill for companies with local yearly revenue of $2.75 billion or higher. Wal-Mart operates 48 retail stores on the island. It is the only company that would have been affected by the law. A federal judge has now struck down the tax plan. Wal-Mart will still go ahead and shut down seven of its Puerto Rico stores. That’s part of the previously announced closure of 269 underperforming locations. Worldwide, the retailer has over 11,500 outlets....
TRANSCANADA CORP., $49.59, Toronto symbol TRP, recently agreed to buy Texas-based Columbia Pipeline Group (New York symbol GPCX) for $13 billion U.S. That’s equal to 48% of its market cap of $35.1 billion (Canadian). Columbia operates natural gas pipelines in the U.S. Northeast, Midwest, Mid-Atlantic and Gulf Coast regions, as well as underground gas storage terminals. To help pay for this acquisition, TransCanada has sold 96.6 million subscription receipts at $45.75 a share for total proceeds of $4.4 billion. Each receipt will convert to one common share when TransCanada completes the Columbia acquisition, probably by the end of 2016. If it fails to complete the acquisition, the funds will be returned to the subscribers. In the meantime, the holders of these receipts will receive the same dividends as holders of the company’s common shares....