acquisition
Canadian auto parts specialist Exco Technologies has grown by acquisition and has the strong balance sheet to continue expanding. The company’s growth depends on automobile sales in North American and vehicle production in Europe—and could be hindered if trade talks initiated by the Trump administration don’t go Canada’s way.
Restaurant Brands and Saputo have fuelled their recent growth with acquisitions. Both companies have a strong history of absorbing new businesses that improve their profitability. Those track records cut their risk of growing by acquisition. However, currently, both stocks seem expensive in relation to their earnings....
GREAT-WEST LIFECO INC. $34 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 988.7 million; Market cap: $33.6 billion; Price-to-sales ratio: 0.7; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial (Toronto symbol MFC)....
These four manufacturers operate in cyclical industries. That means their profits, and stock prices, tend to move up and down with the overall economy.
They also face other challenges. Those include uncertainty over the North American Free Trade Agreement (NAFTA) and the Trump administration’s plan to impose tariffs on imports of steel and aluminum.
However, each of the four companies is a well-established market leader, which helps cut its risks....
They also face other challenges. Those include uncertainty over the North American Free Trade Agreement (NAFTA) and the Trump administration’s plan to impose tariffs on imports of steel and aluminum.
However, each of the four companies is a well-established market leader, which helps cut its risks....
TransCanada remains attractively priced in relation to its future earnings and cash flow. Still, its shares have declined from their re- cent peak of $65 in November 2017. That’s mainly due to rising interest rates in Canada and the U.S.
The uptick in rates will make it more expensive for the company to finance its new projects....
The uptick in rates will make it more expensive for the company to finance its new projects....
A: CCL Industries Inc., $66.25, symbol CCL.B on Toronto (Shares outstanding: 176.8 million; Market cap: $11.7 billion; www.cclind.com), primarily makes packaging products for the food, health-care, automotive and personal-care industries....
What is a spinoff company and how can it impact the value of your investment portfolio? When a company creates a spinoff, it hands out shares in that company to its shareholders, typically providing substantial benefits in the process
INNERGEX RENEWABLE ENERGY $13.38 (Toronto symbol INE; Shares o/s: 108.1 million; Market cap: $1.8 billion; TSINetwork Rating: Extra Risk; Divd. yield 5.1%; www.innergex.com) operates 31 hydroelectric plants, 19 wind farms and one solar power field. The facilities are spread across Quebec, Ontario, B.C., Idaho, France and Iceland....
UNITED TECHNOLOGIES CORP. $129 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 799.8 million; Market cap: $103.2 billion; Price-to-sales ratio: 1.7; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.utc.com) has four divisions: UTC Climate, Controls & Security makes heating and air-conditioning equipment under the Carrier brand, as well as burglar alarms and firesafety products (29% of 2017 revenue, 34% of earnings); Pratt & Whitney manufactures aircraft engines (27%, 18%); UTC Aerospace Systems makes aircraft controls (24%, 26%); and Otis makes elevators and escalators (20%, 22%)....
The main appeal for these two master limited partnerships (MLPs) is their above average yields compared with regular stocks. We like both, but there are a few things Canadian investors should keep in mind. For one, you must pay a 35% U.S. withholding tax on income from MLPs, though you can usually claim a non-refundable Canadian tax credit to offset that....