holding company
Spinoffs are often seen as an effective way for a holding company to eliminate its “holding company discount.” That discount is usually evident in the stock price of a company that holds a variety of assets, or that invests in a number of businesses.
Given the diverse asset base of a holding company, investors often overlook, or discount, any holdings that comprise just a small part of its total assets....
Given the diverse asset base of a holding company, investors often overlook, or discount, any holdings that comprise just a small part of its total assets....
We have lots of attractive long-term buys among the stocks we cover, and we’re positive about the long-term outlook for stocks. We feel just as strongly about the need to diversify.
That’s why we’ve chosen three top picks for 2018 from our Stock Pickers Digest recommendations....
That’s why we’ve chosen three top picks for 2018 from our Stock Pickers Digest recommendations....
POWER CORP. $32.83 (Toronto symbol POW; Shares outstanding: 414.4 million; Market cap: $15.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.4%; www.powercorporation. com) is a holding company with a diversified list of businesses. It holds its financial assets through its 65.6%-owned Power Financial.
In the quarter ended September 30, 2017, Power Corp.’s earnings per share rose 24.6%, to $0.81 from $0.65 a year earlier.
Power Financial’s assets include 67.6% interest in insurer Great-West Lifeco and 61.5% of mutual-fund provider IGM Financial.
Through its 50% stake in Parjointco, Power Financial also holds 55.5% of Swiss-listed Pargesa Holdings SA....
In the quarter ended September 30, 2017, Power Corp.’s earnings per share rose 24.6%, to $0.81 from $0.65 a year earlier.
Power Financial’s assets include 67.6% interest in insurer Great-West Lifeco and 61.5% of mutual-fund provider IGM Financial.
Through its 50% stake in Parjointco, Power Financial also holds 55.5% of Swiss-listed Pargesa Holdings SA....
POWER CORP. $33 (Toronto symbol POW; Conservative- Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 415.3 million; Market cap: $13.7 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Above Average; www. powercorporation.com) is a Montreal-based holding company that owns its financial assets through a 65.7% stake in Power Financial....
INTACT FINANCIAL $102.37 (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (416-341-1464; www.intactfc.com; Shares outstanding: 131.0 million; Market cap: $14.3 billion; Dividend yield: 2.5%) is Canada’s largest provider of property and casualty insurance....
Florida power generator NextEra Energy is both a utility and a non-utility and its earnings and share price are both up despite the ravages of Hurricane Irma.
Global demand for smartphones remains strong. New models continue to spur users in developed countries to upgrade, while improving economic conditions make those devices more affordable in developing regions.
Both Apple and Alphabet, the parent company of Google, will continue to benefit from that trend....
Both Apple and Alphabet, the parent company of Google, will continue to benefit from that trend....
Activist investor Nelson Peltz, through his Trian Partners firm, recently acquired roughly 1% of Procter & Gamble.
Peltz wants Procter to reorganize into a holding company with three separate businesses—beauty, grooming and healthcare; fabric and home care; and baby, feminine and family care....
Peltz wants Procter to reorganize into a holding company with three separate businesses—beauty, grooming and healthcare; fabric and home care; and baby, feminine and family care....
Activist investor Nelson Peltz, through his Trian Partners firm, recently acquired roughly 1% of Procter & Gamble.
Peltz wants Procter to reorganize into a holding company with three separate businesses—beauty, grooming and healthcare; fabric and home care; and baby, feminine and family care....
Peltz wants Procter to reorganize into a holding company with three separate businesses—beauty, grooming and healthcare; fabric and home care; and baby, feminine and family care....
A: NextEra Energy Inc., $147.90, symbol NEE on New York (Shares outstanding: 468.2 million; Market cap: $69.4 billion; www.nexteraenergy.com), (formerly FPL Group, Inc.) is a holding company for Florida Power & Light Company (FPL), which provides electricity to 4.9 million customers in a 27,650-square-mile area in eastern and southern Florida....