acquisition
LEON’S FURNITURE LTD. $14.30 (Toronto symbol LNF; TSINetwork Rating: Average) (416-243-7880; www.leons.ca; Shares outstanding: 77.5 million; Market cap: $1.1 billion; Dividend yield: 3.9%) has steadily increased the number of stores under its Leon’s banner from 27 in 2003 to today’s 86.
In 2013, the company nearly quadrupled in size with its $700 million purchase of The Brick, its main rival....
In 2013, the company nearly quadrupled in size with its $700 million purchase of The Brick, its main rival....
ALTAGAS LTD. $18.22 (Toronto symbol ALA; TSINetwork Rating: Extra Risk) (416-365-3535; www.altagas.ca; Shares outstanding: 275.6 million; Market cap: $5.1 billion; Dividend yield: 5.3%) processes, transports, stores and markets natural gas for producers....
BIRCHCLIFF ENERGY $3.77 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $999.8 million; Dividend yield: 2.8%) explores for, develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C....
On May 31, 2017, Tegna set up its Cars.com subsidiary as a separate firm. Investors received one share in the new company for every three Tegna shares they held.
Since the breakup, Tegna is up about 12%, and its recent acquisitions should let it profit from the 2020 U.S....
Since the breakup, Tegna is up about 12%, and its recent acquisitions should let it profit from the 2020 U.S....
The country’s big banks have plenty of capital to withstand economic shocks to the broader economy. Those threats include volatile housing markets, which would hurt demand for mortgages, and rising household debt levels, which could lead to loan writeoffs.
The high market share of the Big Five also helps shield them from potential new competitors....
The high market share of the Big Five also helps shield them from potential new competitors....
LINAMAR CORP. $51 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 65.4 million; Market cap: $3.3 billion; Price-to-sales ratio: 0.4; Dividend yield: 0.9%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts, including cylinder heads, cylinder blocks, camshafts, crankshafts and connecting rods....
FINNING INTERNATIONAL INC. $24 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 163.5 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.3%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America and the U.K.
Finning recently paid $260 million for 4Refuel....
Finning recently paid $260 million for 4Refuel....
A: Lazard Limited, $37.27, symbol LAZ on New York (Shares outstanding: 129.8 million; Market cap: $4.9 billion; www.lazard.com), is a financial advisory and asset management firm that engages in investment banking, asset management, and other financial services, primarily with institutional clients....
Pembina’s $9.7 billion purchase of Veresen Inc. in 2017 has already proven a great fit: Veresen’s U.S. exposure and its assets, including a 50% stake in the Alliance natural-gas pipeline, have broadened Pembina’s operations. Meanwhile, the company has lots of growth projects underway....
