acquisition
MIDDLEBY CORP., $154.15, symbol MIDD on Nasdaq, designs, manufactures, markets, distributes and services a broad line of (i) foodservice equipment for all types of commercial restaurants and institutional kitchens, (ii) food preparation, cooking, baking, chilling and packaging equipment for food-processing operations, and (iii) premium kitchen equipment, including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment, primarily used in the residential market.
The company owns over 120 brands, including TurboChef, Follett, Star, Viking Range, AGA, and Armor Inox.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation.
Middleby has made several successful acquisitions over the last few years.
Most recently, on February 7, 2024, the company announced the acquisition of GBT GmnH Bakery Technology....
The company owns over 120 brands, including TurboChef, Follett, Star, Viking Range, AGA, and Armor Inox.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation.
Middleby has made several successful acquisitions over the last few years.
Most recently, on February 7, 2024, the company announced the acquisition of GBT GmnH Bakery Technology....
LOBLAW COMPANIES LTD., $145.13, Toronto symbol L, is a buy.
The company operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
The company operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
ROYAL BANK OF CANADA, $131.94, Toronto symbol RY, is a buy.
Due to concerns over rising interest rates and inflation, Canada’s largest bank by market cap continues to set aside more funds to cover potential loan losses.
In its fiscal 2024 first quarter, ended January 31, 2024, loan-loss provisions jumped 52.8%, to $813 million from $532 million a year earlier.
That’s mainly why Royal’s earnings before unusual items in the quarter fell 5.0%, to $4.01 billion from $4.22 billion....
Due to concerns over rising interest rates and inflation, Canada’s largest bank by market cap continues to set aside more funds to cover potential loan losses.
In its fiscal 2024 first quarter, ended January 31, 2024, loan-loss provisions jumped 52.8%, to $813 million from $532 million a year earlier.
That’s mainly why Royal’s earnings before unusual items in the quarter fell 5.0%, to $4.01 billion from $4.22 billion....
NEWMONT CORP., $29.87, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 1.2 billion; Market cap: $34.4 billion; TSINetwork Rating: Average; Yield: 3.4%; www.newmont.com) completed its acquisition of Newcrest Mining in November 2023....
A: Kadant Inc., $325.00, symbol KAI on New York (Shares outstanding: 11.7 million; Market cap: $3.8 billion; www.kadant.com), provides process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries.
It has three operating segments: Flow Control (37% of revenue), Industrial Processing (39%), and Material Handling (24%)....
It has three operating segments: Flow Control (37% of revenue), Industrial Processing (39%), and Material Handling (24%)....
A: Pentair plc, $76.22, symbol PNR on New York (Shares outstanding: 165.3 million; Market cap: $12.7 billion; www.pentair.com), is a water-focused industrial manufacturer with three reporting segments: Flow (previously named Industrial and Flow Technologies), Water Solutions, and Pool.
The pool division is a leader in the North American pool equipment arena (replacements)....
The pool division is a leader in the North American pool equipment arena (replacements)....
A: Definity Financial Corp., $44.53, symbol DFY on Toronto (Shares outstanding: 114.9 million; Market cap: $5.2 billion; www.definityfinancial.com), is the new name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance.
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company, owned by its policyholders, to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company, owned by its policyholders, to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
A: Kinaxis Inc., $153.89, symbol KXS on Toronto (Shares outstanding: 28.5 million; Market cap: $4.4 billion; www.kinaxis.com), provides cloud-based subscription software that big companies use to manage their supply chains....
GUESS? INC., $24.91, symbol GES on New York, is a Los Angeles-based clothing company for women’s, men’s, and children’s products. It also licenses the Guess name to other companies for eyewear, watches, jewellery, and other categories outside its core business.
As of October 28, 2023, the company operated 1,015 of its own stores in Europe, the Americas, and Asia....
As of October 28, 2023, the company operated 1,015 of its own stores in Europe, the Americas, and Asia....
DRAFTKINGS INC., $41.28, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) currently provides sports betting in several U.S. states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, Ohio, Kentucky, Vermont and Massachusetts....