acquisition
Leading Canadian insurer and value stock Intact Financial hikes its dividend on growth fuelled by smart acquisitions. We look at whether it can keep prospering
In next week’s Stock Pickers Digest Hotline, we’ll reveal our top stock picks for 2016. Don’t miss this unique opportunity to profit. DREAM OFFICE REIT, $14.57, symbol D.UN on Toronto, owns and manages 174 properties comprising 23.3 million square feet of office and retail space in major Canadian cities. In the three months ended September 30, 2015, Dream Office’s revenue rose slightly, to $202.4 million from $201.7 million a year earlier. Cash flow gained 2.5%, to $69.7 million from $68.1 million, while cash flow per unit fell 3.2% to $0.61 from $0.63, on more units outstanding....
PLEASE NOTE: One week from today, on January 22, 2016, shortly after the stock market closes at 4:00 p.m. Toronto time, we will reveal our top aggressive stocks for 2016 to subscribers of Stock Pickers Digest. You can be among the first to hear about our top picks for 2016. Because you’re a loyal subscriber, we are happy to offer you a low-priced, no-risk introduction to Stock Pickers Digest. It gives you the first month—and the 2016 Stocks of the Year—FREE. But you must act now. Click here. +++++++++++++++++++++++++++++++++++++++++++++++++++++++...
We’re still positive on the long-term outlook for stocks. But in a time of rising market volatility, plunging commodity prices and international tension, it’s more important than ever to diversify, rather than focus on a single stock of the year. Moreover, we find lots of attractive long-term buys among stocks we cover. With that in mind, we’ve chosen to highlight one pick from each of our portfolios (Conservative, Aggressive and Income) for 2016. All three of these high-quality stocks offer strong growth prospects and trade at reasonable multiples to earnings. CAE INC. $15 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 269.2 million; Market cap: $4.0 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.0%; TSINetwork Rating: Average; www.cae.com) is the world’s leading maker of flight simulators, which help teach airline and military pilots how to take off, land and handle a variety of emergency situations....
Metro Inc. owns 600 grocery stores and 250 drug stores across Quebec and Ontario. We look at whether this dividend stock can keep its profits growing
PEMBINA PIPELINE $29.06 (Toronto symbol PPL; Shares outstanding: 354.7 million; Market cap: $10.7 billion; TSINetwork Rating: Average; Dividend yield: 6.0%; www.pembina.com) owns pipelines that carry half of Alberta’s conventional oil, 30% of Western Canada’s natural gas liquids (NGLs) and almost all of B.C.’s conventional oil. Pembina also owns facilities that extract, process and store NGLs. In the three months ended September 30, 2015, the company’s cash flow per share jumped 25.0%, to $0.60 from $0.48 a year earlier. That’s mainly because of new plants starting up and boosting volumes at its NGL extraction business....
Loblaw has set itself up for years of growth with its acquisition of Shoppers Drug Mart, a new inventory system, and a share buyback plan.
Value stock Verizon Communications dials up growth with its AOL acquisition, more wireless revenue, and a new mobile video app.
Clearwater Seafoods, $11.73, symbol CLR on Toronto (Shares outstanding: 55.0 million; Market cap: $645.2 million; www.clearwater.ca), is one of North America’s largest seafood companies and Canada’s biggest holder of shellfish licences and quotas....