acquisition
CALIAN GROUP LTD. $66 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding; 9.7 million; Market cap: $640.2 million; Dividend yield: 1.7%; Dividend Sustainability Rating: Above Average; www.calian.com) pays you a quarterly dividend of $0.28 a share; the annual rate of $1.12 yields 1.7%....
Businesses have slowed their purchases of new computer equipment due to the COVID-19 pandemic. That has weighed on the share prices of these two tech giants. However, recent acquisitions are set to expand their profits—and dividends—when demand recovers.
INTERNATIONAL BUSINESS MACHINES CORP....
INTERNATIONAL BUSINESS MACHINES CORP....
EMERSON ELECTRIC CO. $69 (New York symbol EMR; Manufacturing & Industry sector; Shares o/s: 609.2 million; Market cap: $42.0 billion; Divd. yield: 2.9%; Takeover Target Rating: Medium; www.emerson.com) is a hold. The industrial equipment maker is buying Open Systems International for $1.6 billion....
KAR Auction Services and its former subsidiary IAA continue to shift their operations online, which should work to limit COVID-19 disruptions. We, therefore, like their long-term outlook. Still, for your new buying, we prefer IAA given the growing number of insurance companies opting to sell damaged cars rather than repair them.
KAR AUCTION SERVICES INC....
KAR AUCTION SERVICES INC....
IBM has a long history of transforming its business in response to new computing technologies. For instance, as demand for its mainframe computers slowed in the 1990s, the company shifted its focus to services such as designing and maintaining computer systems for its customers....
When we made Intact Financial one of our three #1 picks for 2020, we expected it to build on the 41% gain it handed our subscribers in 2019. That was before COVID-19 hit the markets, and the stock dropped to as low as $104.81 in March 2020. But the shares have rebounded 42% as investors came to realize Intact’s underlying business strength....
A: Hamilton Thorne Ltd., $1.35, symbol HTL on the Toronto Venture Exchange (Shares outstanding: 131.8 million; Market cap: $186.8 million; www.hamiltonthorne.com), designs, makes and distributes precision laser devices and advanced image analysis systems....
Both of these information providers are shifting their focus to more-promising businesses. That bodes well for their future earnings, which should also support their dividends.
THOMSON REUTERS CORP. $108 remains a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares o/s: 495.7 million; Market cap: $53.5 billion; Price-to-sales ratio: 9.0; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.thomsonreuters.com) continues to enhance investor value with its plan to focus on selling specialized information to professionals in the legal, and tax and accounting fields....
THOMSON REUTERS CORP. $108 remains a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares o/s: 495.7 million; Market cap: $53.5 billion; Price-to-sales ratio: 9.0; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.thomsonreuters.com) continues to enhance investor value with its plan to focus on selling specialized information to professionals in the legal, and tax and accounting fields....
Emera’s share have rebounded strongly since falling to $42 in March with the onset of the COVID-19 pandemic. We feel the stock will continue to move higher. That’s partly because Emera is replacing its coal-fired power plants with cleaner-burning natural gas, hydro power and solar....
Recently a friend asked, “Any ideas re how I can get smarter about SPACs in Canada and how they vary from the U.S. versions?”
My short answer(s): “No and no.” In fact, I can’t imagine a situation where I’d buy or recommend a SPAC (Special Purpose Acquisition Company), U.S....
My short answer(s): “No and no.” In fact, I can’t imagine a situation where I’d buy or recommend a SPAC (Special Purpose Acquisition Company), U.S....