acquisition
Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. Statistics show that after a company sets up one (or more) of its businesses or divisions as a separate entity and “spins it off,” or hands it out to its shareholders as a special dividend, the shares of both the parent and the spinoff generally do better than comparable companies for a number of years, if not decades....
A: II-VI Incorporated, $47.38, symbol IIVI on Nasdaq (Shares outstanding: 91.3 million; Market cap: $4.4 billion; www.ii-vi.com), is a global leader in the development, manufacture, and marketing of a wide variety of laser, photonic, infrared, and fibre-optic products and materials....
These three technology stocks, like Microsoft (see page 61), have held up well during the COVID-19 crisis. We feel IBM and Intel will continue to gain from the current work-from-home trend. Apple will, too. Still, its reliance on consumer sales raises its risk if a second wave of the virus forces it to shut down stores.
APPLE INC....
A: Facedrive Inc., $11.23, symbol FD on the Toronto Venture Exchange (Shares outstanding: 83.3 million; Market cap: $935.5 million; www.facedrive.com), has several businesses, both in development and already operating:
Through its Facedrive Rideshare, the company offers “green” transportation solutions, letting members choose between hailing an EV, hybrid or conventional vehicle....
Through its Facedrive Rideshare, the company offers “green” transportation solutions, letting members choose between hailing an EV, hybrid or conventional vehicle....
Shares of DraftKings—the leader in U.S. online sports betting—only recently began trading on Nasdaq. However, this “Power Buy” has already doubled in value. That’s despite the cancellation of most professional sports due to the pandemic.
In fact, its share-price jump—even amid the lockdown—testifies to the strong demand for sports wagers....
In fact, its share-price jump—even amid the lockdown—testifies to the strong demand for sports wagers....
DANAHER CORP. $176 is still our #1 Spinoff Buy for 2020. The company (New York symbol DHR; Manufacturing & Industry sector; Shares outstanding 707.2 million; Market cap: $124.5 billion; Dividend yield: 0.4%; Takeover Target Rating: Medium; www.danaher.com) is a leading maker of precision-testing equipment and tools....
A: Biogen, $282.71, symbol BIIB on Nasdaq (Shares outstanding: 163.2 million; Market cap: $45.5 billion; www.biogen.com), is a biopharmaceutical company developing products for the long-term management of cancers, and auto-immune and inflammatory diseases, among others....
SHAWCOR LTD. $3.89 is still a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.2 million; Market cap: $273.1 million; Price-to-sales ratio: 0.2; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting....
A: VMware Inc., $148.54, symbol VMW on New York (Shares outstanding: 111.9 million; Market cap: $63.6 billion; www.vmware.com), provides virtualization and cloud computing software and services. The company is headquartered in Palo Alto, California.
Dell Technologies Inc....
Dell Technologies Inc....
Last week we published our latest quarterly client letter, which we sent to our portfolio- management clients in April. In it, we talked about the evolution of drug stocks as investments.
We explained why we mostly stayed out of drug stocks for much of the past two decades, and why we now feel the environment for drug stock investment has improved a great deal....
We explained why we mostly stayed out of drug stocks for much of the past two decades, and why we now feel the environment for drug stock investment has improved a great deal....