One of these targeted firms is a buy

ARCONIC INC. $18 (New York symbol ARNC; Manufacturing & Industry sector; Shares outstanding: 483.2 million; Market cap: $8.7 billion; Dividend yield: 1.3%; Takeover Target Rating: Medium; is a leading maker of engineered-aluminum products for cars and jet engines.
On November 1, 2016, Arconic spun off Alcoa Corp. (New… Read More

Q: Pat, may I have your thoughts on WPT Industrial REIT and Dream Industrial REIT? I was a shareholder of Pure Industrial REIT with great success until it was bought out. These warehouse REITs appear to be a great way to gain exposure to the online shopping phenomenon.

A: WPT Industrial REIT, $12.78, symbol WIR.U on Toronto (Units outstanding: 44.5 million; Market cap: $568.7 million;, is a Canadian REIT that owns and manages industrial properties in the U.S.

Right now, WPT has 54 properties in 15 states. In all, they include 18.1 million… Read More

Q: Dear Pat: In view of the world’s increasing electrification, I would be grateful for your analysis of Glencore Xstrata. It mines several metals used in the production and transmission of electricity. Thanks again for your invaluable advice.

A: Glencore Xstrata plc Holdings (ADR), $4.99, symbol GLCNF on the U.S. over-the-counter market (ADRs outstanding: 14.4 billion; Market cap: $73.1 billion;, is an Anglo–Swiss multinational commodity-trading and mining company headquartered in Baar, Switzerland. The business is officially registered in Saint Helier, Jersey, while… Read More

Pat: What’s your recommendation on WSP Global? Thank you.

A: WSP Global Inc., $40.00, symbol WSP on Toronto (Shares outstanding: 99.7 million; Market cap: $4.0 billion;, is a consultant on engineering projects for public- and private-sector clients around the world. It employs about 34,000 people, mainly engineers, technicians, scientists, environmental experts and architects… Read More

What is Pat’s commentary for the week of September 22, 2015

Here’s a phenomena you may have noticed: Current economic problems sometimes provide solutions for problems inherited from previous years or decades.
For example, from the late 1990s through the mid-2000s, many employers and economists worried about a coming labour shortage. The… Read More

What is Pat’s commentary for the week of June 16, 2015

Most successful investors agree that it’s a good idea to base investment decisions on facts rather than predictions. You can make mistakes with facts, of course, but predictions have a much higher failure rate. However, one little noticed obstacle to investment success is that it’s… Read More