Alcan Inc. $48 – Toronto symbol AL

Canada’s Alcan Inc. was acquired in 2007 by Rio Tinto for $38.1 billion in what was then the biggest metals and mining transaction in history. Here’s a look back at TSI’s analysis of Alcan.

ALCAN INC. $48 (Toronto symbol AL; SI Rating: Average) is the world’s… Read More

Takeover Rumor Spurs Gains in Novelis

NOVELIS INC. $44 (Toronto symbol NVL; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 74.0 million; Market cap: $3.3 billion; SI Rating: Average) has struggled since former parent company Alcan Inc. (see page 25) spun it off in early 2005.

Novelis uses aluminum to make… Read More

Updating Novelis Inc., Petro-Canada, and Pengrowth Energy Trust

NOVELIS INC. $34 (Toronto symbol NVL; Conservative Growth Portfolio, Manufacturing & Industry sector; SI Rating: Average) is making progress phasing out price caps, which prevent it from passing along rising aluminum costs to its customers.

But this will take several more years. The company feels it… Read More

Updating Petro-Canada, Alcan Inc., Novelis Inc. and IGM Financial

PETRO-CANADA $45 (Toronto symbol PCA; Conservative Growth Portfolio, Resources sector; SI Rating: Average) has delayed a final decision on its proposed 55%-owned Fort Hills oil sands project until mid-2008.

The company now feels it will cost $2.0 billion to convert its refinery in Edmonton to handle… Read More

This Newly Independent Giant is a Buy

NOVELIS INC. $24 (Toronto symbol NVL; Conservative Growth Portfolio, Manufacturing & Industry sector; SI Rating: Average) is the world’s largest maker of rolled aluminum products, including beverage cans, packaging and automotive parts.

The company recently restated its earnings to correct accounting problems related to its spin-off… Read More

It’s Hard to Replace a Winner

Falconbridge Ltd. (formerly Noranda Inc.) will be a hard stock to replace. We first recommended it in our April, 1995 issue. The Resources sector was depressed at the time, but we liked the stock for its high-quality reserves, steady cash flow and secure 5% dividend… Read More

Alcan Inc. $47 – Toronto symbol AL

ALCAN INC. $47 (Toronto symbol AL; Conservative Growth Portfolio, Resources sector; SI Rating: Average) is the world’s second-largest producer of aluminum, after U.S.-based Alcoa Inc. Canada accounts for about half of Alcan’s aluminum production, while the other half comes from operations in 14 other countries.

The… Read More

Novelis Recovers From Six-month Downturn

NOVELIS INC. $25 (Toronto symbol NVL; SI Rating: Average) became a public company in early 2005, after former parent Alcan Inc. spun it off to its own shareholders. It was trading at a new high last August when rising aluminum prices undercut its earnings because… Read More