acquisition

Canada’s second largest mortgage insurer, Genworth MI Canada has the earmarks of an attractive value stock, trading at 8 times forecast earnings with a high 4.2% yield. But the stock faces uncertainty over a Chinese takeover bid for its U.S. parent and a potential slippage in Canada’s housing market.

Newell and General Mills have adopted new strategies in light of weaker demand for their main products. We believe that will ultimately lift earnings and protect your current dividend income. Restructuring has already handed investors in one of those companies a 20% gain this year....

A: BTB REIT, $5.06, symbol BTB.UN on Toronto (Units outstanding: 42.2 million; Market cap: $314.2 million; www.btbreit.com), owns 66 retail, office and industrial properties in Quebec and eastern Ontario....

Alimentation Couche-Tard has rewarded our subscribers with big gains over the years. We first recommended it in our December 2008 issue at $15.50. Since then, the stock has split 3-for-1 and 2-for-1. That takes our cost down to $2.58 a share—which gives you a scintillating 1,518.2% gain!


All the while we have recommended the stock, we’ve pointed out that growth by acquisition is risky (see box this page)....

In February, we recommended Intact Financial as a top 2019 pick for power-growth investors. The shares had moved up slowly but steadily for a few years—but we thought the price was ready to break out. Sure enough, the stock has handed our subscribers a 34%-plus gain since then....

Disney stock was already up 25% this year before the launch of its video streaming service, Disney+. A day after that launch, it was up 36%. We believe the new business holds the possibility of much higher gains for Disney investors. We urge you to join them: Disney is a Power Buy.


Over the years, the company has expanded its stable of properties....

We often remind investors that patience is a key part of the Successful Investor approach to spinoff gains. Many new companies will move sideways for their first few years until they build up a history of revenue and earnings, and attract the attention of brokers.



A fine example is Trisura Group, a little-known insurer that Brookfield Asset Management spun off in mid-2017....

A: Stryker Corporation, $206.97, symbol SYK on New York (Shares outstanding: 373.1 million; Market cap: $76.8 billion; www.stryker.com), is one of the world’s leading medical technology companies....

A: The Goldman Sachs JUST U.S. Large Cap Equity ETF, $44.89, symbol JUST on New York (Units outstanding: 3.1 million; Market cap: $139.2 million; www.gsam.com), started up June 7, 2018, launched by prominent hedge fund manager and billionaire philanthropist Paul Tudor Jones.

The ETF’s MER is a low 0.20%, and it yields 1.9%.

Jones’s charitable foundation, Just Capital, conducts regular polling to determine the American public’s most important concerns as they relate to business behaviour....

A: Smartsheet Inc., $44.60, symbol SMAR on New York (Shares outstanding: 87.4 million; Market cap: $5.0 billion; www.smartsheet.com), provides cloud-based software for teams and organizations to plan, capture, manage, automate, and report on their work.

Smartsheet first sold shares to the public in April 2018 at $15 a share.

The company operates in a competitive market and continues to lose money; it will likely report a loss of $0.55 a share in 2020....