dividends paid
CGI GROUP INC. $31 (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 309.3 million; Market cap: $9.6 billion; Price-to-sales ratio: 1.5; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) is Canada’s largest provider of computer outsourcing services....
strong>AEROPOSTALE $14.15 (New York symbol ARO; TSINetwork Rating: Extra Risk) (646-485-5410; www.aeropostale.com; Shares outstanding: 78.5 million; Market cap: $1.1 billion; No dividends paid) now plans to launch the Aeropo
This summer, Aeropostale plans to open small outlets inside Liverpool’s department stores across the country. It will also roll out standalone stores, with the first one scheduled to open in Mexico City’s Sante Fe Mall.
Aeropostale is still a hold.
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This summer, Aeropostale plans to open small outlets inside Liverpool’s department stores across the country. It will also roll out standalone stores, with the first one scheduled to open in Mexico City’s Sante Fe Mall.
Aeropostale is still a hold.
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INTUITIVE SURGICAL $415.54 (Nasdaq symbol ISRG; TSINetwork Rating: Average) (515-507-5000; www.intuitivesurgical.com; Shares outstanding: 40.2 million; Market cap: $17.0 billion; No dividends paid) is down over 16% since it released a preliminary revenue forecast for the latest quarter that was below the consensus estimate.
In the second quarter of 2013, the company expects to report revenue of about $575 million, up 7% from $537 million a year earlier. However, that’s well below the consensus estimate of $629.8 million.
Intuitive expects revenue from sales of replacement parts, training and other services to rise 18%, but it predicts a 6% decline in da Vinci system sales. That’s mainly due to tightening hospital budgets in the U.S.
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In the second quarter of 2013, the company expects to report revenue of about $575 million, up 7% from $537 million a year earlier. However, that’s well below the consensus estimate of $629.8 million.
Intuitive expects revenue from sales of replacement parts, training and other services to rise 18%, but it predicts a 6% decline in da Vinci system sales. That’s mainly due to tightening hospital budgets in the U.S.
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BELLATRIX EXPLORATION $6.74 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266-8670; www.bellatrixexploration.com; Shares outstanding: 107.9 million; Market cap: $715.5 million; No dividends paid) has entered into a joint venture agreement with Grafton Energy that should speed up the development of its Cardium shale oil deposits in Alberta.
Under the agreement, Grafton will pay Bellatrix $100 million. In return, it will get 54% of the production from a 29-well, $122- million drilling program. Grafton will receive this share of the wells’ output until it earns back its $100 million, plus an 8% return on its original investment. It will then hold a 33% interest in each well.
On top of that, Bellatrix plans to spend a total of $210 million to $220 million on exploration and development this year.
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Under the agreement, Grafton will pay Bellatrix $100 million. In return, it will get 54% of the production from a 29-well, $122- million drilling program. Grafton will receive this share of the wells’ output until it earns back its $100 million, plus an 8% return on its original investment. It will then hold a 33% interest in each well.
On top of that, Bellatrix plans to spend a total of $210 million to $220 million on exploration and development this year.
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NCR CORP. $33 (New York symbol NCR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 164.4 million; Market cap: $5.4 billion; Price-to-sales ratio: 0.9; No dividends paid; TSINetwork Rating: Average; www.ncr.com) is a leading maker of automated teller machines (ATMs), checkout scanners, cash registers and self-serve kiosks.
In February 2013, the company paid $791 million for Israel-based Retalix, whose software helps retailers manage their sales and track inventories....
In February 2013, the company paid $791 million for Israel-based Retalix, whose software helps retailers manage their sales and track inventories....
BLACKBERRY INC. $14 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.0 million; Market cap: $7.3 billion; Price-to-sales ratio: 0.7; No dividends paid; TSINetwork Rating: Average; www.blackberry.com) aims to increase its sales in developing markets like Africa, Asia and Latin America with the Q5, the third smartphone to use the company’s new BlackBerry 10 software.
Like the new Q10, this new model features a 3.1-inch display and a physical keyboard. However, it comes with less storage capacity and a slower processing chip. That will let the company sell the Q5 for about half the price of the Q10. The new phone should also help BlackBerry complete with low-cost phones powered by Google’s Android software.
BlackBerry is a hold.
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Like the new Q10, this new model features a 3.1-inch display and a physical keyboard. However, it comes with less storage capacity and a slower processing chip. That will let the company sell the Q5 for about half the price of the Q10. The new phone should also help BlackBerry complete with low-cost phones powered by Google’s Android software.
BlackBerry is a hold.
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CGI GROUP INC. $30 (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 309.3 million; Market cap: $9.3 billion; Price-to-sales ratio: 1.5; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) has won contracts from the Kentucky and Louisiana health cooperatives. Created under the Affordable Care Act, also known as Obamacare, these are private, non-profit organizations that sell low-cost health insurance to individuals and small businesses.
For the next five years, CGI’s computer-outsourcing expertise will help them automate their billing and claims-processing functions.
CGI Group is a buy....
For the next five years, CGI’s computer-outsourcing expertise will help them automate their billing and claims-processing functions.
CGI Group is a buy....
DUNDEE CORP. $22 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 54.1 million; Market cap: $1.2 billion; Price-to-sales ratio: 1.9; No dividends paid; TSINetwork Rating: Average; www.dundeecorp.com) is a holding company with investments in wealth management, real estate, resources and agriculture.
The company recently completed its plan to set up 70%-owned DREAM UNLIMITED CORP. $12 (Toronto symbol DRM) as a separate, publicly traded firm. DREAM, which was formerly the company’s Dundee Realty Corp. subsidiary, develops and manages commercial and residential real estate in North America and Europe. Insiders still hold 30% of DREAM.
Dundee shareholders received one share of DREAM for each Dundee share they held. Investors are only liable for capital gains taxes when they sell their new shares.
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The company recently completed its plan to set up 70%-owned DREAM UNLIMITED CORP. $12 (Toronto symbol DRM) as a separate, publicly traded firm. DREAM, which was formerly the company’s Dundee Realty Corp. subsidiary, develops and manages commercial and residential real estate in North America and Europe. Insiders still hold 30% of DREAM.
Dundee shareholders received one share of DREAM for each Dundee share they held. Investors are only liable for capital gains taxes when they sell their new shares.
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Gold is down 28% from $1,800 U.S. an ounce in September 2012 to $1,296 today. That’s hurting the prices of most gold stocks—but it’s also letting cashrich gold firms pick up some great assets at bargain prices.
NEW GOLD $6.63 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 476.9 million; Market cap: $3.2 billion; No dividends paid) has just agreed to buy Rainy River Resources (Toronto symbol RR) in a friendly takeover for $381.9 million.
Rainy River’s project in northwestern Ontario could hold as much as 4.0 million ounces of gold....
NEW GOLD $6.63 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 476.9 million; Market cap: $3.2 billion; No dividends paid) has just agreed to buy Rainy River Resources (Toronto symbol RR) in a friendly takeover for $381.9 million.
Rainy River’s project in northwestern Ontario could hold as much as 4.0 million ounces of gold....
AEROPOSTALE INC.$13.75 (New York symbol ARO; TSINetwork Rating: Extra Risk) (646-485-5410; www.aeropostale.com; Shares outstanding: 78.5 million; Market cap: $1.1 billion; No dividends paid) saw its sales fall 9.0% in the three months ended May 4, 2013, to $452.3 million from $497.2 million a year earlier....