acquisition
AIR PRODUCTS & CHEMICALS INC. $162 (New York symbol APD; Manufacturing Sector; Shares outstanding: 218.0 million; Market cap: $35.3 billion; Takeover Target Rating: Low; Dividend yield 2.3%; TSINetwork Rating: Average; www.airproducts.com) is a global seller of gases extracted from the atmosphere (oxygen, nitrogen) and gases from other sources (hydrogen, helium)....
HYDRO ONE LTD. $22 (Toronto symbol H; Utilities Sector; Shares o/s: 595.4 million; Market cap: $13.1 billion; Takeover Target Rating: Medium; Divd. yield: 3.9%; TSINetwork Rating: Average; www.hydroone.com) first sold shares to the public two years ago at $20.50 each....
A: Stella-Jones Inc., $49.48, symbol SJ on Toronto (Shares outstanding: 69.3 million; Market cap: $3.4 billion; www.stella-jones.com), is a manufacturer of pressure-treated wood products....
Q: Pat: What is your recommendation on Automotive Properties REIT? It has a high 7.3% yield. Thanks.
A: Automotive Properties REIT, $11.02, symbol APR.UN on Toronto (Units outstanding: 26.1 million; Market cap: $288.2 million; www.automotivepropertiesreit.ca), is a real estate investment trust that owns 35 commercial properties across cities in Ontario, Saskatchewan, Alberta, B.C....
METRO INC. $41 (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 227.1 million; Market cap: $9.3 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.6%; TSINetwork Rating: Average; www.metro.ca) operates 600 grocery stores and 250 drugstores, in Quebec and Ontario.
To compete with larger grocery chains like Loblaw and Sobeys, Metro has used acquisitions to expand its market share....
To compete with larger grocery chains like Loblaw and Sobeys, Metro has used acquisitions to expand its market share....
While TD (see page 1) is our favourite for new buying, we also like the outlook for Canada’s other big banks. We advise all Canadian investors to hold at least three of them.
Like TD, the remaining four banks trade at attractive multiples to their improved earnings; each should also continue to increase its dividend....
Like TD, the remaining four banks trade at attractive multiples to their improved earnings; each should also continue to increase its dividend....
Thanks to a series of acquisitions, TD now has the broadest U.S. exposure of any Canadian big bank. In fact, it now has more branches south of the border than in its home market.
Unlike Canada, the U.S. has hundreds of smaller banks. TD’s strong earnings put it in a position to keep adding more of those firms to its American operations....
Unlike Canada, the U.S. has hundreds of smaller banks. TD’s strong earnings put it in a position to keep adding more of those firms to its American operations....
A: Savaria Corp., $17.77, symbol SIS on Toronto (Shares outstanding: 35.4 million; Market cap: $725.5 million; www.savaria.com), makes products for people with limited mobility.
The company has three main businesses:
Accessibility (63% of revenue) makes elevators for homes and businesses as well as stairlifts (electrically powered chairs used to carry a person up and down a flight of stairs) and platform lifts (powered devices used to lift a wheelchair and its occupant over a step).
Adapted Vehicles (17%) installs ramps and lowered floors in minivans so they can accommodate wheelchairs....
The company has three main businesses:
Accessibility (63% of revenue) makes elevators for homes and businesses as well as stairlifts (electrically powered chairs used to carry a person up and down a flight of stairs) and platform lifts (powered devices used to lift a wheelchair and its occupant over a step).
Adapted Vehicles (17%) installs ramps and lowered floors in minivans so they can accommodate wheelchairs....
A: StorageVault Canada, $2.54, symbol SVI on the TSX Venture Exchange, (Shares outstanding: 344.8 million; Market cap: $842.4 million; www.storagevaultcanada.com), owns and operates storage locations in B.C....
Growth investing can be beneficial to your portfolio returns—but not every strategy is money in the bank.