Spinoffs & Takeovers Hotline – Friday, May 22, 2020

TRISURA GROUP LTD., $49.00, symbol TSU on Toronto, is a provider of higher-margin specialty insurance in three areas: Risk Solutions provides warranties for manufactured products; Surety Insurance guarantees that specific tasks are completed; and Corporate Insurance and Reinsurance offers policies to professionals to cover malpractice… Read More

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TEGNA INC. $10 is still a buy. The company (New York symbol TGNA; Consumer sector; Shares outstanding: 215.8 million; Market cap: $2.2 billion; Dividend yield: 2.7%; Takeover Target Rating: Medium; www.tegna.com) owns 62 TV and four radio stations in 51 markets. It also offers online advertising and marketing services.
Two… Read More

Q: Hi, Pat. What do you think about Canadian Natural Resources Ltd.? It has bought some great assets from companies exiting Canada. Is it a good buy? Thanks.

A: Canadian Natural Resources, $40.63, symbol CNQ on Toronto (Shares outstanding: 1.2 billion; Market cap: $49.0 billion; www.cnrl.com), operates in Western Canada, where its 100%-owned Horizon Oil Sands Project is located; the North Sea; and off the coast of West Africa. Its overall product mix… Read More

Q: Hi, Pat. I would appreciate your thoughts on Etsy? Seems like an interesting business but at some risk of being dominated by Amazon. Is it worth an investment? Potential buyout target for Amazon? Thanks.

A: Etsy Inc., $50.00, symbol ETSY on Nasdaq (Shares outstanding: 120.2 million; Market cap: $6.1 billion; www.etsy.com), provides an online marketplace for buyers and sellers of unique and creative goods. The company was founded in 2005 and is headquartered in Brooklyn, New York.

The platform generates… Read More