holding company
DEFINITY FINANCIAL CORP. $29 is a buy. The company (Toronto symbol DFY; Finance sector; Shares outstanding: 115.9 million; Market cap: $3.4 billion; Dividend yield: 1.7%; Takeover Target Rating: Medium; www.definityfinancial.com) is the new name for the parent of Economical Insurance....
We have selected Becton Dickinson as your #1 Spinoff Buy for 2022.
The medical device maker now plans to set up its diabetes-products business as a separate, publicly listed company. The split should unlock some of Becton’s holding company discount and let it focus on its new products such as COVID-19 testing kits.
Moreover, Becton’s spinoff—to be called embecta Corp.–will also be better positioned to launch its own new products and expand in emerging markets....
The medical device maker now plans to set up its diabetes-products business as a separate, publicly listed company. The split should unlock some of Becton’s holding company discount and let it focus on its new products such as COVID-19 testing kits.
Moreover, Becton’s spinoff—to be called embecta Corp.–will also be better positioned to launch its own new products and expand in emerging markets....
ADT keeps signing and retaining security customers. Additions to the company’s range of services are a key driver of that growth. They include its new smart-home offerings in partnership with Google-parent Alphabet. Now, through its acquisition of Sunpro Solar, ADT will be able to cross-sell an entirely new product to its existing clients....
POWER CORP., $41.03, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 621.7 million; Market cap: $28.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.powercorporation.com) is a holding company with a diversified list of businesses.
Its primary investments are controlling stakes in Great-West Lifeco and IGM Financial....
Its primary investments are controlling stakes in Great-West Lifeco and IGM Financial....
SNAP-ON INC. $202 is still a hold. The company (New York symbol SNA; Conservative-Growth Dividend Payer Portfolio, Manufacturing sector; Shares o/s: 53.7 million; Market cap: $10.8 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.snapon.com) makes tools for auto mechanics and industrial customers.
Starting with the December 2020 payment, Snap-On increased the quarterly dividend for shareholders by 13.9%....
Starting with the December 2020 payment, Snap-On increased the quarterly dividend for shareholders by 13.9%....
Loblaw is ready to thrive in a post-COVID-19 environment. Many of its customers who opted for home delivery (or in-store pickup) during pandemic lockdowns are sticking with that value-added service. The company’s improvements to its loyalty programs should also drive additional spending per visit, both in its stores and on its websites.
The stock lets you tap this growth and the company’s other successful retailing strategies....
The stock lets you tap this growth and the company’s other successful retailing strategies....
Loblaw’s shares have jumped 44% since the start of 2021, and recently hit a new all-time high of $92.00. That’s partly due to a reorganization in 2018 that transferred the company’s real estate business—Choice Properties REIT—to parent George Weston Ltd. The holding company owns 52.6% of Loblaw.
The reorganization let Loblaw better focus on its retail business, including expanding its online operations....
The reorganization let Loblaw better focus on its retail business, including expanding its online operations....
Intact Financial dropped along with the market when COVID-19 first hit—the stock fell to as low as $104.81 in March 2020. But the shares have now rebounded 66% as investors again take note of Intact’s underlying business strength. We think this Power Buy is poised to keep moving even higher for our subscribers.
INTACT FINANCIAL, $174.10, is a buy. The insurer (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 176.1 million; Market cap: $30.6 billion; Dividend yield: 1.9%) is Canada’s largest provider of property and casualty coverage: it insures more than five million individuals and businesses....
INTACT FINANCIAL, $174.10, is a buy. The insurer (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 176.1 million; Market cap: $30.6 billion; Dividend yield: 1.9%) is Canada’s largest provider of property and casualty coverage: it insures more than five million individuals and businesses....
Recently a member asked a question that you may have wondered about over the years.
“Hi, Pat. My question regards your philosophy of spreading investments out among ‘most if not all of the five main sectors’: I’m wondering where each of the 11 broad Global Industry Classification Standard (GICS) sectors commonly used for sector breakdown fit within your framework....
“Hi, Pat. My question regards your philosophy of spreading investments out among ‘most if not all of the five main sectors’: I’m wondering where each of the 11 broad Global Industry Classification Standard (GICS) sectors commonly used for sector breakdown fit within your framework....
INTEL CORP. $56 remains a buy. The computer chip maker (Nasdaq symbol INTC; Conservative-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.0 billion; Market cap: $224.0 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.intel.com) last raised your quarterly dividend by 5.3% with the March 2021 payment....