acquisition
A: Supremex Inc., $3.20, symbol SXP on Toronto (Shares outstanding: 28.4 million; Market cap: $90.9 million; www.supremex.com), is a leading North American maker of envelopes (81% of total revenue) and also sells packaging and specialty products (19% of revenue)....
The U.S. Supreme Court recently lifted 26-year-old limits on the U.S. sports betting market. This has created some special-situation investment opportunities. This week we are zeroing in on two of them.
Since 1992, a federal ban has effectively restricted legal sports betting to Nevada....
Since 1992, a federal ban has effectively restricted legal sports betting to Nevada....
Canada’s Dream Global REIT enjoys strong cash flow and a high dividend yield but an acquisition strategy heavily concentrated on Germany and the Netherlands adds risk.
MOTOROLA SOLUTIONS INC. $116 (www.motorolasolutions.com) makes specialized communications equipment such as radios for police and fire vehicles. The company has completed its $1 billion acquisition of Avigilon Corp. Based in Vancouver, that firm designs, makes and sells high-definition surveillance systems....
FEDEX CORP. $251 (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 267.2 million; Market cap: $67.1 billion; Price-to-sales ratio: 1.1; Dividend yield: 1.0%; TSINetwork Rating: Average; www.fedex.com) began offering air-delivery services in 1973, under the Federal Express banner....
The U.S. imposed a 2.3% tax on the sale of medical devices in 2013 as part of the Affordable Care Act. However, Congress suspended the tax in 2015, and has now extended that delay till 2020. It’s likely that Congress will ultimately kill the tax. That would give these three companies more cash for research and new growth projects.
BECTON DICKINSON & CO....
BECTON DICKINSON & CO....
UNITED TECHNOLOGIES CORP. $125 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 800.1 million; Market cap: $100.0 billion; Price-to-sales ratio: 1.6; Divd. yield: 2.2%; TSINetwork Rating: Above Average; www.utc.com) aims to complete its $30 billion acquisition of Rockwell Collins (New York symbol COL) by the end of 2018....
In response to rising consumer demand for more healthful foods, these four industry leaders continue to make acquisitions to lift their sales.
It’s unclear how long it will take for their new operations to pay off. That’s why we see three of these four food stocks as holds....
AT&T has now completed its $103 billion takeover of Time Warner. Big acquisitions like this add considerable risk. However, Time Warner’s extensive library of movies and TV shows should help the company compete with online video providers like Netflix and YouTube.
The stock dropped after AT&T closed the deal, but the company’s long-term prospects remain bright....