Spinoff Spotlight

PENTAIR PLC $72 (New York symbol PNR; Manufacturing Sector; Shares outstanding: 178.3 million; Market cap: $12.8 billion; Dividend yield 2.0%; Takeover Target Rating: Medium; www.pentair.com) is a diversified industrial manufacturing company that sells to businesses in the food, water and energy markets.
On April 30, 2018, Pentair will… Read More

Purchase lowers risk

EXTENDICARE INC. $8.65 (Toronto symbol EXE; TSINetwork Rating: Extra Risk) (905-470-5534; www.extendicare.com; Shares outstanding: 88.3 million; Market cap: $763.5 million; Dividend yield: 5.6%) has now completed the acquisition of the Lynde Creek Retirement Community in Whitby, Ontario, for $34.5 million.
The community includes the Lynde Creek Manor Retirement Residence… Read More

Chemtrade is the better buy right now

CHEMTRADE LOGISTICS INCOME FUND $15.33 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics.com; Units outstanding: 92.6 million; Market cap: $1.4 billion; Dividend yield: 7.8%) is one of the largest removal-service providers for resource firms that create acids and sulphur as byproducts. The trust converts (and sells) these substances into… Read More

Focused exploration is a big plus

DEVON ENERGY CORP. $36.10 (New York symbol DVN; TSINetwork Rating: Extra Risk) (405-235-3611; www.dvn.com; Shares outstanding: 526.1 million; Market cap: $19.0 billion; Dividend yield: 0.9%) is one of the largest explorers and producers of oil and natural gas in the U.S. The production mix for the company’s 19,000… Read More

Lentil prices hurt AGT

AGT FOOD & INGREDIENTS $16.51 (Toronto symbol AGT; TSINetwork Rating: Extra Risk) (604-231-1100; www.agtfoods.com; Shares outstanding: 24.2 million; Market cap: $400.2 million; Dividend yield: 3.6%) continues to feel the negative impact of low worldwide prices for lentils. That’s due to bumper crops and a resulting oversupply.
In the quarter… Read More

Two Canadian retailers: two outlooks

LEON’S FURNITURE LTD. $16.91 (Toronto symbol LNF; TSINetwork Rating: Average) (416-243-7880; www.leons.ca; Shares outstanding: 76.3 million; Market cap: $1.3 billion; Dividend yield: 2.8%) has steadily increased the number of stores under its Leon’s banner from 27 in 2003 to today’s 86.
In March 2013, the company nearly quadrupled in size… Read More

Strong balance sheets up their appeal

ALAMOS GOLD $7.20 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares outstanding: 266.3 million; Market cap: $2.8 billion; Dividend yield: 0.4%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson mine in northern Ontario.
The company also has a number of development projects in Turkey,… Read More

Deal to spur R&D

SYMANTEC CORP. $27.91 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares outstanding: 620.0 million; Market cap: $17.3 billion; Dividend yield: 1.1%) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
Symantec has now formed a partnership with NTT Security. That company is part of NTT… Read More

Here’s our Pick of the Month

INTACT FINANCIAL $96.47 (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (416-341-1464; www.intactfc.com; Shares outstanding: 139.2 million; Market cap: $13.4 billion; Dividend yield: 2.9%) is Canada’s largest provider of property and casualty insurance. The company insures more than five million individuals and businesses. Its major brands are Intact Insurance,… Read More