acquisition

BOAT ROCKER MEDIA INC., $0.98, symbol BRMI on Toronto, is a global entertainment company. In business since 2004, it creates, develops, produces, and distributes scripted, unscripted, and animated television content around the world. The company also provides brand and management services to actors, actresses, and other creative talents.

On March 24, 2021, Boat Rocker Media launched its IPO, selling 18.9 million shares at $9 a share....
DEVON ENERGY CORP., $46.48, is a buy for aggressive investors. The company (symbol DVN on New York) is a leading producer of oil and natural gas from wells in Wyoming, Texas, Oklahoma and New Mexico.

Devon continues to use acquisitions to expand its operations in its core areas....
INTERNATIONAL BUSINESS MACHINES CORP., $182.77, New York symbol IBM, is a top pick for 2024.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

With the June 2024 payment, IBM raised your quarterly dividend by 0.6%, to $1.67 a share from $1.66....

The Bank of Canada recently cut its benchmark lending rate, from 5.00% to 4.75%. More cuts seem likely as inflation continues to ease in the wake of the COVID-19 pandemic disruptions.


Lower interest rates will help make it easier for mortgage holders and other borrowers re-finance their loans....
A lot of change is now going on in the world, particularly in the area of U.S. politics and law—some good, some bad. I’ll say more about these trends in our next client letter. In my opinion, however, one of the most far-reaching and beneficial developments in U.S....
RXO INC., $26.77, symbol RXO on New York, is a provider of brokered transportation services in Canada and the U.S. The company offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight
forwarding and last mile delivery.

RXO operates an “asset light” business model....
RESTAURANT BRANDS INTERNATIONAL INC., $69.61, is a buy. The stock (symbol QSR on New York) gives you exposure to the world’s third-largest fast-food operator. That’s after McDonald’s (No. 1) and Yum Brands (No. 2). The company has 30,125 outlets in over 100 countries: 18,935 Burger King, 5,662 Tim Hortons (coffee and donuts), 4,269 Popeyes Louisiana Kitchen (fried chicken) and 1,259 Firehouse Subs.

Restaurant Brands has announced two transactions in China: the acquisition of Popeyes China, and a co-investment with Cartesian Capital into the business of TH International Limited (“Tims China,” symbol THCH on Nasdaq).

The two transactions reflect Restaurant Brands’ confidence in China, one of the largest quick-service restaurants markets globally....
BOEING CO., $184.83, New York symbol BA, is still a hold.

The company has agreed to acquire Spirit AeroSystems Holdings Inc. (New York symbol SPR), which builds the fuselages for the Boeing 737 Max jets.

Boeing spun off Spirit as a separate firm in 2005....
CGI INC., $138.29, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024.

The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....

With their clean, renewable power, these two companies have strong conceptual appeal for investors. But just as important is their mix of hydroelectric, wind and solar power. That diversity, along with their long-term contracts, provides stable cash flows....