TRANSCANADA CORP. $38 (Toronto symbol TRP; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 696.0 million; Market cap: $26.4 billion; Price-to-sales ratio: 3.2; Dividend yield: 4.2%; SI Rating: Above Average; www.transcanada.com) earned $374 million in the three months ended September 30, 2010. That’s up 11.6% from… Read More
SNC-LAVALIN GROUP INC., $52.10, Toronto symbol SNC, has cancelled its plan to increase its stake in Highway 407, a 108-kilometre toll highway north of Toronto. The company owns 16.77% of the 407.
Earlier this month, the Canadian Pension Plan Investment Board (CPPIB) agreed to buy 10%… Read More
MDS INC. $10 (Toronto symbol MDS; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 67.2 million; Market cap: $672.0 million; Price-to-sales ratio: 3.4; No dividends paid since October 2006; SI Rating: Extra Risk) supplies medical isotopes for research, detecting cancer and sterilizing surgical tools.
The company gets… Read More
POTASH CORP. OF SASKATCHEWAN, $151.59, Toronto symbol POT, continues to trade above the $130.00 U.S.-a-share hostile takeover offer from BHP Billiton Ltd. (New York symbol BHP).
That’s partly due to rumours that Potash Corp.’s management is planning to buy a majority interest in the company using… Read More
POTASH CORP. OF SASKATCHEWAN, $157.06, Toronto symbol POT, jumped 35% this week after Australia-based BHP Billiton Ltd. (New York symbol BHP) launched a hostile takeover bid for the company. (BHP is the world’s largest mining company, and a recommendation of our Wall Street Stock Forecaster… Read More
MDS INC. $9.62 (Toronto symbol MDS; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 67.2 million; Market cap: $646.5 million; Price-to-sales ratio: 9.0; No dividends paid since October 2006; SI Rating: Extra Risk) supplies medical isotopes for cancer detection and research. The company gets most of… Read More
CANADIAN IMPERIAL BANK OF COMMERCE, $74.75, Toronto symbol CM, is buying the Canadian MasterCard credit-card business of U.S.-based Citigroup Inc. (New York symbol C). Right now, CIBC only issues Visa cards, so this purchase will diversify its credit-card business.
The bank did not reveal the purchase… Read More
SAPUTO INC., $29.70, Toronto symbol SAP, will distribute its foods in Toronto from a new facility in Vaughn, Ontario (it currently distributes from a number of different warehouses in the city). The company will complete this consolidation in stages, and expects to be finished by… Read More
ENCANA CORP., $31.37, Toronto symbol ECA, fell 8% this week, mainly because the company announced a plan to double its natural-gas production over five years.
This announcement pushed down EnCana’s share price because the weak economy has hurt gas demand and depressed prices. Investors worry that… Read More
TRANSCANADA CORP., $34.78, Toronto symbol TRP, has set aside $22 billion for new growth projects. The company already spent $10 billion of these funds. It will spend the remaining $12 billion over the next four years.
TransCanada will invest some of these funds in the… Read More