acquisition
Investors have moved away from oil stocks in the past few months due to government mandates to cut carbon emissions. However, it’s likely crude prices will move up over the next few years as producers focus on their current properties and spend less on exploration....
Canada’s largest bank continues to rebound strongly after dropping to $72 at the onset of the COVID-19 pandemic last year. That recovery is mainly because a mass surge in loan writeoffs failed to materialize as governments offered both individuals and businesses financial support....
A: Utz Brands Inc., $16.39, symbol UTZ on New York (Shares outstanding: 76.6 million; Market cap: $2.3 billion; www.utzsnacks.com), is a Pennsylvania-based maker of salty snacks. Its brands include Utz Original potato chips, Snyder of Berlin, Zapp’s, Boulder Canyon, and TGI Fridays Snacks.
Founded in 1921, Utz began trading on the New York exchange in June 2020....
Founded in 1921, Utz began trading on the New York exchange in June 2020....
GREAT-WEST LIFECO, $38.51, is still a hold. The insurer (Toronto symbol GWO; shares o/s: 928.4 million; Market cap: $35.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%), has announced a series of acquisitions in the past few months as part of a plan to diversify its operations.
For example, it recently agreed to buy the full-service retirement business of U.S.-based Prudential Financial for $4.45 million.
As well, the company’s Irish Life subsidiary is buying Ark Life Assurance Company....
For example, it recently agreed to buy the full-service retirement business of U.S.-based Prudential Financial for $4.45 million.
As well, the company’s Irish Life subsidiary is buying Ark Life Assurance Company....
CENOVUS ENERGY, $12.85, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $25.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.5%.; www.cenovus.com) completed its acquisition of rival oil producer Husky Energy in January 2021.
The combined firm is now Canada’s third-largest producer of oil and natural gas, with output of about 750,000 barrels of oil equivalent per day....
The combined firm is now Canada’s third-largest producer of oil and natural gas, with output of about 750,000 barrels of oil equivalent per day....
A: II-VI Incorporated, $59.42, symbol IIVI on Nasdaq (Shares outstanding: 105.7 million; Market cap: $6.4 billion; www.ii-vi.com), is a leader in the development, manufacture, and marketing of a wide variety of laser, photonic, infrared, and fibre-optic products and materials....
Foodmakers Campbell Soup and General Mills are now facing two challenges—slowing sales as restaurants re-open, and rising costs for ingredients and transportation. While their dividends look secure, we feel Campbell Soup is in a better position to overcome these setbacks with cost savings and investments in healthier products....
Investors continue to benefit from Procter’s 2014 plan to shed about 100 of its less-profitable brands (it now has around 65 core brands). Sales also jumped as the COVID-19 pandemic spurred demand for cleaning and hygiene products. The company now plans to increase its spending on new products, which should let it maintain its high market share and drive your future gains.
PROCTER & GAMBLE CO....
PROCTER & GAMBLE CO....
ARCHER DANIELS MIDLAND CO. $59 is a buy. The stock (New York symbol ADM; High-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 559.4 million; Market cap: $33.0 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flax seed, peanuts and other crops into a variety of food ingredients.
The company has agreed to acquire a 75% stake in P4 Companies, which makes pet treats under the PetDine, Pedigree Ovens, The Pound Bakery and NutraDine brands....
The company has agreed to acquire a 75% stake in P4 Companies, which makes pet treats under the PetDine, Pedigree Ovens, The Pound Bakery and NutraDine brands....
A: InTEST Corp., $11.70, symbol INTT on New York (Shares outstanding: 10.8 million; Market cap: $126.2 million; www.intest.com), is a global supplier of test and process systems used in manufacturing and a wide range of markets....