investment management

Savers Value Village reported a 66% earnings increase after reporting rising sales, opening new stores and improving its efficiency while cutting costs.

Broadridge is far from a household name, except in households with members who work in the investment business. Regardless, since its spinoff from Automatic Data Processing (symbol ADP on Nasdaq) in 2007, Broadridge has become a key provider of services to financial, brokerage and wealth management firms.

We added the stock as a buy in our February 2008 issue of Wall Street Stock Forecaster at $22 a share....

MANULIFE FINANCIAL CORP. $33 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $59.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer....

Generally speaking, Canadians are blocked from buying mutual funds that are registered in the U.S. unless those funds are also registered with provincial securities commissions. (Moreover, some Canadian mutual funds are only available in a limited number of provinces.)


Investors in this country can, however, buy exchange-traded funds, or ETFs, listed on U.S....

Sun Life and Manulife are accelerating their digitalization efforts while offering high 4.5% and 4.9% yields.

MANULIFE FINANCIAL, $29.72, is a buy. This safety-conscious blue-chip company (Toronto symbol MFC; Shares o/s: 1.8 billion; Market cap: $53.8 billion; TSINetwork Rating: Above Average; Yield: 4.9%; www.manulife.ca) is one of Canada’s largest life insurers....

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, primarily bonds. That also means high interest rates are a boon to their returns....

Activist investor Elliott Investment Management is now targeting two firms it feels could boost shareholder value with asset sales or spinoffs. We agree with its proposals, and see both stocks as attractive buys.


CROWN CASTLE INTERNATIONAL CORP....

A: Savers Value Village Inc., $15.71, symbol SVV on New York (Shares outstanding: 160.5 million; Market cap: $2.6 billion; www.savers.com), is the largest for-profit thrift operator in the U.S....

SYMBOTIC INC., $50.33, symbol SYM on Nasdaq, manufactures AI-powered autonomous robots, which major companies use in their warehouse fulfillment and distribution processes to save time and money. Customers using the Symbotic platform include Walmart, Target, and C&S Grocery Wholesalers.

Symbotic went public in June 2022 through a merger with SVF Investment Corp....