acquisition
GEN DIGITAL INC. $22 is a buy. The company (Nasdaq symbol GEN; Aggressive Growth Portfolio; Consumer sector; Shares outstanding: 581.3 million; Market cap: $12.8 billion; Price-to-sales ratio: 4.5; Dividend yield: 2.3%; TSINetwork Rating: Average Average; www.gendigital.com) changed its name from NortonLifeLock (old symbol NLOK) following its September 2022 acquisition of European cybersecurity firm Avast plc for $8.1 billion....
A: Aritzia Inc., $45.10, symbol ATZ on Toronto (Shares outstanding: 87.7 million; Market cap: $5.0 billion; Consumer sector; TSINetwork Rating: Extra Risk; www.aritzia.com), is a Vancouver-based designer and seller of women’s apparel....
A: Core & Main Inc., $19.14, symbol CNM on New York (Shares outstanding: 172.4 million; Market cap: $4.7 billion; Manufacturing sector; TSINetwork Rating: Extra Risk www.coreandmain.com), is a specialized distributor of water, wastewater, storm drainage and fire protection products to municipalities, and residential and non-residential end markets across the U.S.
The company offers its customers around 200,000 items covering a wide range of specialized products and services....
The company offers its customers around 200,000 items covering a wide range of specialized products and services....
A: Helen of Troy Limited, $94.49, symbol HELE on Nasdaq (Shares outstanding: 24.0 million; Market cap: $2.4 billion; www.helenoftroy.com), is a global consumer products company. Its brands include Osprey, OXO, Vicks, Braun, Honeywell, PUR, and Drybar.
In December 2021, the company completed the acquisition of Osprey Packs for $414.7 million....
In December 2021, the company completed the acquisition of Osprey Packs for $414.7 million....
CANADIAN IMPERIAL BANK OF COMMERCE, $55.44, Toronto symbol CM, remains a buy for long-term gains.
CIBC is now raising your quarterly dividend by 2.4% with the January 2023 payment. Investors will then receive $0.85 a share instead of $0.83. The new annual rate of $3.40 yields a high 6.1%.
As well, starting with this payment, the bank will let shareholders automatically re-invest their dividends in new common shares at a 2% discount to the market price.
The stock has dropped 14% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
CIBC is now raising your quarterly dividend by 2.4% with the January 2023 payment. Investors will then receive $0.85 a share instead of $0.83. The new annual rate of $3.40 yields a high 6.1%.
As well, starting with this payment, the bank will let shareholders automatically re-invest their dividends in new common shares at a 2% discount to the market price.
The stock has dropped 14% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
DREAM OFFICE REIT, $14.90, is still a buy. The REIT (symbol D.UN on Toronto), sold 138 properties in 2016 as part of a new strategic plan. Due to those sales, in July 2017, Dream cut its monthly distribution to $0.0833 a unit from $0.125. The new annual rate of $1.00 yields a high 6.7%.
Dream now has 27 office properties, including two under development....
Dream now has 27 office properties, including two under development....
TMX GROUP LTD. $139 is a hold. The company (Toronto symbol X; Finance sector; Shares outstanding: 55.6 million; Market cap: $7.7 billion; Dividend yield: 2.4%; Takeover Target Rating: Medium; www.tmx.com) owns Canada’s two primary stock exchanges, the Toronto Stock Exchange and the Montreal Exchange, as well as clearing entities for domestic Canadian markets (CDS and CDCC).
TMX Group is now paying an undisclosed sum for Boston-based Wall Street Horizon Inc....
TMX Group is now paying an undisclosed sum for Boston-based Wall Street Horizon Inc....
VERTIV HOLDINGS CO. $14 is a hold. The company (New York symbol VRT; Manufacturing & Industry sector; Shares outstanding: 377.3 million; Market cap: $5.3 trillion; Dividend yield: 0.1%; Takeover Target Rating: Medium; www.vertiv.com) makes equipment for datacentres, such as uninterruptible power supplies, room cooling systems and server racks.
Private equity firm Platinum Equity acquired this business from Emerson Electric in December 2016....
Private equity firm Platinum Equity acquired this business from Emerson Electric in December 2016....
Swiss pharmaceutical giant Novartis spun off Alcon in 2019. And as we’ve said many times before, spinoffs are the closest thing you can find to a sure thing, regardless of the market’s rise and fall.
The stock is already up over 78% from its March 2020 low, but we think it can go much higher....
The stock is already up over 78% from its March 2020 low, but we think it can go much higher....
GEN DIGITAL INC., $22.99, is a buy. The company (Nasdaq symbol GEN; TSINetwork Rating: Extra Risk) (www.nortonlifelock.com; Shares o/s: 661.0 million; Market cap: $15.3 billion; Divd. yield 2.2%) has changed its name from NortonLifeLock.
Gen will now act as the parent company for several security-related brands including Norton, LifeLock, and Avast, in addition to Avira, AVG, and CCleaner, which were obtained in previous acquisitions.
On September 12, 2022, then NortonLifeLock completed its acquisition of European cybersecurity firm Avast plc for $8.1 billion....
Gen will now act as the parent company for several security-related brands including Norton, LifeLock, and Avast, in addition to Avira, AVG, and CCleaner, which were obtained in previous acquisitions.
On September 12, 2022, then NortonLifeLock completed its acquisition of European cybersecurity firm Avast plc for $8.1 billion....