Indigo dumps its Kobo e-book business

INDIGO BOOKS & MUSIC INC. $9.12 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 25.2 million; Market cap: $229.8 million; Price-to-sales ratio: 0.2; Dividend yield: 4.8%; TSINetwork Rating: Average; www.chapters.indigo.ca) has agreed to sell Kobo Inc., which sells electronic books and reader devices… Read More

The Successful Investor Hotline – Friday, July 15, 2011

CANADIAN IMPERIAL BANK OF COMMERCE, $74.13, Toronto symbol CM, is buying 41% of U.S.-based American Century Investments, which sells mutual funds and wealth management services to institutional and individual investors. CIBC will have a 10.1% voting interest in this private company.

The bank is paying $848… Read More

Kobo investments weigh on Indigo

INDIGO BOOKS & MUSIC INC. $13 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.7 million; Market cap: $321.1 million; Price-to-sales ratio: 0.3; Dividend yield: 3.6%; TSINetwork Rating: Average; www.chapters.indigo.ca) saw its revenue rise 5.0% in its 2011 fiscal year, which ended April… Read More

The Successful Investor Hotline – Friday, May 27, 2011

BANK OF MONTREAL, $61.82, Toronto symbol BMO, continues to benefit as more borrowers pay back their loans on time. However, demand for new loans is slowing, and its credit-card customers are making fewer purchases. As well, other banks are paying higher interest rates to attract… Read More

The Successful Investor Hotline – Friday, March 11, 2011

BANK OF NOVA SCOTIA, $57.66, Toronto symbol BNS, reported record earnings this week. That prompted the bank to raise its dividend.

In its 2011 first quarter, which ended January 31, 2011, Bank of Nova Scotia earned a record $1.2 billion. That’s up 18.8% from $988 million… Read More

E-book competition heats up

INDIGO BOOKS & MUSIC INC. $15 (Toronto symbol IDG; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 24.7 million; Market cap: $370.5 million; Price-to-sales ratio: 0.4; Dividend yield: 2.9%; TSINetwork Rating: Average; www.chapters.indigo.ca) is now selling its Kobo e-book reader through Future Shop and Best Buy… Read More

Updating Indigo, Tim Hortons, Pengrowth and Linamar

INDIGO BOOKS & MUSIC INC. $15 (www.chapters.indigo.ca) continues to see strong demand for its Kobo e-book downloading service. During the 2010 Christmas shopping season, the company’s e-book sales were 50 times higher than a year earlier. Kobo now has customers in over 130 countries. Hold… Read More

The Successful Investor Hotline – Friday, December 10, 2010

BANK OF MONTREAL, $61.74, Toronto symbol BMO, rose 4% this week after it reported earnings that matched the consensus estimate.

In its 2010 fiscal year, which ended October 31, 2010, the bank earned $2.8 billion. That’s up 57.2% from $1.8 billion a year earlier. Earnings per… Read More

Top retailers offer growth & value

The Canadian retailing industry is intensely competitive. That’s why we prefer to focus on well-established retailers, such as the five we analyze below. Their high market shares and strong brands give them an edge. As well, all five trade at reasonable multiples to earnings. However,… Read More

The Successful Investor Hotline – Friday, November 12, 2010

CGI GROUP INC., $16.68, Toronto symbol GIB.A, is Canada’s largest provider of computer-outsourcing services. The company’s services help its customers automate certain routine functions, such as accounting and buying supplies. That makes its clients more efficient, and lets them focus on their main businesses.

This… Read More