acquisition

CANADIAN PACIFIC KANSAS CITY LTD. $107.44 (Toronto symbol CP; shares o/s: 931.1 million; Market cap: $99.1 billion; Rating: Above Average; Dividend yield: 0.7%) took its current form on April 14, 2023, when Canadian Pacific Railway Ltd....

This week’s Spotlight analysis of Alimentation Couche-Tard shows that the potentially risky tactic of growth-by-acquisition can pay off nicely when a well-managed company applies that strategy conservatively in a fragmented industry with low-risk takeover opportunities.

We first recommended Alimentation Couche-Tard in December 2008, at $15.50 a share....

LULULEMON ATHLETICA, $379.93, symbol LULU on Nasdaq, is a designer and retailer of yoga-inspired athletic clothing and accessories, including pants, shorts, tops, jackets and footwear. The company caters to women and men. Lululemon also sells fitness hardware and services through its “Lululemon Studio.”

The company sells under the lululemon athletica and ivivva athletica brand names....

TECK RESOURCES LTD., $63.11, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.

The company has cancelled its plan to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate firm.

That’s due to difficulty securing the required two-thirds approval of the class B shareholders (1 vote per share), particularly as Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF) has offered to acquire the company for about $23 billion U.S....

INTACT FINANCIAL CORP. $204 is a buy. The company (Toronto symbol IFC; High-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 175.3 million; Market cap: $35.8 billion; Dividend yield: 2.2%; Dividend Sustainability Rating: Above Average; www.intactfc.com) is Canada’s largest property and casualty insurance provider.


Starting with the March 2023 payment, the company raised your quarterly dividend by 10.0%....

Here are two renewable power stocks that have either cut or frozen their dividends to free up cash for new investments. Even so, their current payments look sustainable, and give you solid yields.


ALGONQUIN POWER & UTILITIES CORP. $11 is a buy for long-term gains. The company (Toronto symbol AQN; High-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 683.6 million; Market cap: $7.5 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Average; www.algonquinpower.com) has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America.


Algonquin cut your quarterly dividend by 40.0% to conserve cash for its planned $2.65 billion U.S....

PETMED EXPRESS INC. $15 (Nasdaq symbol PETS; Shares o/s: 21.1 million; Market cap: $316.5 million; Divd. yield: 7.9%; www.1800petmeds.com) is a leading online pet pharmacy selling across the U.S.


The company does business as 1-800-PetMeds....

ADOBE INC. $363 is buy. The company (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 457.8 million; Market cap: $166.2 billion; Price-to-sales ratio: 9.8; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software that lets computer users create, edit and share documents in the popular PDF format....

Both Yum Brands and its spinoff Yum China rebounded strongly as COVID-19 lockdowns ended and restaurants fully reopened. In fact, both stocks are now trading close to their all-time highs.


Part of that gain is due to their shift to an “asset-light” business model....

A: Masonite International Corp., $90.42, symbol DOOR on New York (Shares outstanding: 22.2 million; Market cap: $2.0 billion; www.masonite.com), is a maker of interior and exterior doors for new construction as well as renovation and remodelling....