investment
INTRODUCTION: EXERCISE CAUTION WITH IPOS
There have been a lot of high-profile initial public offerings, or IPOs, over the last couple of years. Prominent names include Airbnb, DoorDash, Snowflake, Lightspeed POS and Zoom Video, as well as Uber and Lyft....
A: The PIMCO Global Short Maturity Fund (Canada) ETF, $19.75, symbol PMNT on Toronto (Units outstanding: 2.8 million; Market cap: $55.3 million; www.pimco.ca) began trading on the Toronto exchange on February 1, 2019....
We agree with the Inner Circle member (see next article) who asked about Diversey. As IPOs (also referred to as new issues) go, it’s a winner.
Prior to the IPO, Diversey was wholly owned by Bain Capital. Bain is in the top ranks of U.S. private investment firms, managing $120 billion of investor capital....
Prior to the IPO, Diversey was wholly owned by Bain Capital. Bain is in the top ranks of U.S. private investment firms, managing $120 billion of investor capital....
LOBLAW COMPANIES, $86.34, is a buy. The company (Toronto symbol L; Shares outstanding: 338.1 million; Market cap: $29.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.6%; www.loblaw.ca) is now shutting down its PC Chef meal-kit delivery service, which it launched last year in the Toronto area....
All of the major global stock markets fell at the initial outbreak of COVID-19. But many top markets have since rebounded. We think the outlook remains positive for quality stocks, and one way to profit from that—while cutting your risk—is to invest in quality ETFs....
Business for our two top Canadian insurance recommendations, both in Canada and internationally, remains strong. These two stocks have recovered all of the ground they lost in March 2020, and we think they are now poised to move even higher. Meanwhile, each insurer offers you solid, sustainable dividend yields.
MANULIFE FINANCIAL CORP., $24.12, is a buy....
MANULIFE FINANCIAL CORP., $24.12, is a buy....
We continue to have a high opinion of recommend all of Canada’s top banks, but Bank of Nova Scotia remains one of our top favourites for new buying. That’s mainly because it has the greatest international exposure of the five—it now gets roughly 40% of its revenue from international operations (especially the four countries it calls “the Pacific Alliance”—Mexico, Peru, Chile and Colombia)....
WYNDHAM HOTELS & RESORTS INC. $71 remains a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 93.4 million; Market cap: $6.6 billion; Dividend yield: 0.9%; Dividend Sustainability Rating: Average, www.wyndhamhotels.com) is a hotel franchiser with 8,900 hotels (796,000 rooms) in 95 countries.
With the pandemic easing, Wyndham raised your quarterly dividend by 100.0% with the March 2021 payment....
With the pandemic easing, Wyndham raised your quarterly dividend by 100.0% with the March 2021 payment....
We feel the best way to tap future gains for fintech (the combination of financial services and technology) is with well-established companies such as Broadridge and Dun & Bradstreet. That’s better than focusing on small start-up firms. As well, recent acquisitions by both Broadridge and Dun & Bradstreet should pay off for years to come.
BROADRIDGE FINANCIAL SOLUTIONS INC....
BROADRIDGE FINANCIAL SOLUTIONS INC....
A: Coupang Inc., $37.54, symbol CPNG on New York (Shares outstanding: 1.6 billion; Market cap: $64.4 billion; www.coupang.com), is South Korea’s largest e-commerce company.
Often called the “Amazon of South Korea,” Coupang was founded by Bom Suk Kim....
Often called the “Amazon of South Korea,” Coupang was founded by Bom Suk Kim....