acquisition
EXTENDICARE INC. $8.65 (Toronto symbol EXE; TSINetwork Rating: Extra Risk) (905-470-5534; www.extendicare.com; Shares outstanding: 88.3 million; Market cap: $763.5 million; Dividend yield: 5.6%) has now completed the acquisition of the Lynde Creek Retirement Community in Whitby, Ontario, for $34.5 million.
The community includes the Lynde Creek Manor Retirement Residence....
The community includes the Lynde Creek Manor Retirement Residence....
CHEMTRADE LOGISTICS INCOME FUND $15.33 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics.com; Units outstanding: 92.6 million; Market cap: $1.4 billion; Dividend yield: 7.8%) is one of the largest removal-service providers for resource firms that create acids and sulphur as byproducts....
LEON’S FURNITURE LTD. $16.91 (Toronto symbol LNF; TSINetwork Rating: Average) (416-243-7880; www.leons.ca; Shares outstanding: 76.3 million; Market cap: $1.3 billion; Dividend yield: 2.8%) has steadily increased the number of stores under its Leon’s banner from 27 in 2003 to today’s 86.
In March 2013, the company nearly quadrupled in size with its $700 million purchase of The Brick, its main rival....
In March 2013, the company nearly quadrupled in size with its $700 million purchase of The Brick, its main rival....
INTACT FINANCIAL $96.47 (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (416-341-1464; www.intactfc.com; Shares outstanding: 139.2 million; Market cap: $13.4 billion; Dividend yield: 2.9%) is Canada’s largest provider of property and casualty insurance....
Share prices for most utilities have dropped lately. That’s due in part to market weakness. But, it’s also due to investor worries about rising interest rates.
Traditionally, the Utilities sector suffers when interest rates rise—or if the market is worried about a rise.
Utilities have a lot of debt, and higher rates make it more expensive to raise money and refinance existing debt....
Traditionally, the Utilities sector suffers when interest rates rise—or if the market is worried about a rise.
Utilities have a lot of debt, and higher rates make it more expensive to raise money and refinance existing debt....
A major international packaging firm, Canada’s CCL Industries has accelerated its growth through acquisitions, making nine since the start of 2016 alone. The company’s revenues and earnings have gained steadily in recent years, and it raised its dividend this year. The company also executed a five-for-one share split in the past year.
TRANSCONTINENTAL INC. $27 (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares o/s: 77.0 million; Market cap: $2.1 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.1%; TSINetwork Rating: Average; www.tctranscontinental.com) is a leading printer of advertising flyers, magazines, books and newspapers.
In the past few years, the company has cut its reliance on cyclical advertising revenue with acquisitions of firms that produce plastic packaging for food makers....
In the past few years, the company has cut its reliance on cyclical advertising revenue with acquisitions of firms that produce plastic packaging for food makers....
We continue to recommend that all investors own two to three of Canada’s big five banks, including Bank of Montreal (see page 41). Despite the recent market swings, they should continue to profit from their recent acquisitions and their shift to low-cost online transactions.
ROYAL BANK OF CANADA $97 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.4 billion; Market cap: $135.8 billion; Price-to-sales: 3.5; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www.rbc.com) is Canada’s largest bank with assets of $1.27 trillion.
Royal continues to profit from its November 2015 purchase of Los Angeles-based City National Bank....
ROYAL BANK OF CANADA $97 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.4 billion; Market cap: $135.8 billion; Price-to-sales: 3.5; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www.rbc.com) is Canada’s largest bank with assets of $1.27 trillion.
Royal continues to profit from its November 2015 purchase of Los Angeles-based City National Bank....
ENBRIDGE INC. $39.46 (Toronto symbol ENB; Shares outstanding: 1.6 billion; Market cap: $65.2 billion; TSINetwork Rating: Above Average; Dividend yield: 6.8%; www.enbridge.com) has dropped 21% since the start of the year.
In February 2017, the company completed its $37 billion acquisition of Spectra Energy in the U.S.
As a result of that purchase, Enbridge’s long-term debt jumped to $60.9 billion as of December 31, 2017....
In February 2017, the company completed its $37 billion acquisition of Spectra Energy in the U.S.
As a result of that purchase, Enbridge’s long-term debt jumped to $60.9 billion as of December 31, 2017....
A: Spin Master Corp., $51.43, symbol TOY on Toronto (Shares outstanding: 101.7 million; Market cap: $5.2 billion; www.spinmaster.com), designs and markets children’s toys, games and puzzles....