acquisition
A: True North Commercial REIT, $6.49, symbol TNT.UN on Toronto (Units outstanding: 47.8 million; Market cap: $366.1 million; www.truenorthreit.com), owns and operates a portfolio of 41 commercial properties....
In a recent Hotline for our Spinoffs, Takeovers & Special Situations newsletter, we alerted investors to the increasing likelihood that Campbell Soup Co. (a recommendation of our Wall Street Stock Forecaster) would either put itself up for sale or spin off some of its operations....
The Keg is the newest acquisition for Recipe Unlimited Corp., formerly Cara Operations. But it’s just the latest well-known name in a mushrooming group of over 1,380 restaurants across Canada.
STATE STREET CORP. $87 (New York symbol STT; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 365.4 million; Market cap: $31.8 billion; Price-to-sales ratio: 2.8; Dividend yield: 2.2%; TSINetwork Rating: Average; www.statestreet.com) sells accounting and administrative services to operators of mutual funds and pension plans....
Cintas and Tennant provide a variety of niche services and products, mainly to businesses. With the improved economy, clients should spend more on their offerings. We prefer Cintas for new buying, but like the outlook for both.
CINTAS CORP. $209 (Nasdaq symbol CTAS; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 106.7 million; Market cap: $22.3 billion; Price-to-sales ratio: 3.5; Dividend yield: 0.8%; TSINetwork Rating: Average; www.cintas.com) designs, manufactures and sells uniforms to one million businesses, mainly in North America....
CINTAS CORP. $209 (Nasdaq symbol CTAS; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 106.7 million; Market cap: $22.3 billion; Price-to-sales ratio: 3.5; Dividend yield: 0.8%; TSINetwork Rating: Average; www.cintas.com) designs, manufactures and sells uniforms to one million businesses, mainly in North America....
AT&T INC. $30 (New York symbol T; Income Portfolio, Utilities sector; Shares outstanding: 7.3 billion; Market cap: $219.0 billion; Price-to-sales ratio: 1.4; Dividend yield: 6.7%; TSINetwork Rating: Average; www.att.com) completed its $103 billion acquisition of media giant Time Warner (New York symbol TWX) in June 2018 after a judge ruled against an attempt by the U.S....
METRO INC. $43 (Toronto symbol MRU; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding 227.7 million; Market cap: $9.8 billion; Dividend yield: 1.7%; Dividend Sustainability Rating: Highest; www.metro.ca) operates 600 grocery stores and 250 drugstores, in Quebec and Ontario.
With the March 2018 payment, the company raised its quarterly dividend by 10.8%....
With the March 2018 payment, the company raised its quarterly dividend by 10.8%....
Canada’s K92 Mining began production in February at its gold mine in Papua New Guinea. It aims to produce over 100,000 ounces a year for 10 years from the first deposit alone.
DREAM OFFICE REIT $23.66 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www.dream.ca/office; Units o/s: 60.1 million; Market cap: $1.6 billion; Dividend yield: 4.2%) owns and manages 42 office and retail properties in major Canadian cities....
ALIMENTATION COUCHE-TARD $61.07 (Toronto symbol ATD.B: TSINetwork Rating: Average) (1-800-361-2612; www.couchetard.com; Shares outstanding: 567.4 million; Market cap: $34.6 billion; Dividend yield: 0.7%) operates 12,740 convenience stores throughout North America and Europe.
In the three months ended April 29, 2018, sales jumped 41.5%, to $13.61 billion from $9.62 billion a year earlier (all figures except share price in U.S....
In the three months ended April 29, 2018, sales jumped 41.5%, to $13.61 billion from $9.62 billion a year earlier (all figures except share price in U.S....