Pink sheets are companies that trade on the U.S. over-the-counter market, a holdover from the days when the quotes for these stocks were printed on pink paper. They are for investors looking for high-risk investments.
Today, OTC Markets Group (formerly Pink OTC Markets Inc.), a private company, is the main provider of pricing and financial information for the over-the-counter (OTC) securities markets.
OTC Markets Group operates a centralized information network that includes services for issuers, brokers and OTC investors, as well as “market makers”. Pink Sheets’ information aims to make OTC trading more efficient and improve access to capital for OTC issuers.
Companies that trade as “pink sheets stocks” usually don’t have sufficient market caps, or enough shareholders, to meet most stock exchanges’ minimum criteria.
Over-the-counter shares are often sporadically or inactively traded. That can make buying penny stocks and pink sheet stocks (and selling them) more difficult and expensive than shares on larger stock exchanges.
Stocks trading over the counter may at times seem to offer extraordinary opportunities, but this can be an expensive illusion. Most legitimate companies with substantial growth potential will want to leave the over-the-counter market as quickly as possible and move their stock to the major markets, where financing is more plentiful and less expensive. This tilts the odds against you.
That’s why we’ve stayed out of the over-the-counter market and are likely to continue to stay out. There are just too many attractive buying opportunities in major markets, where risk is lower and your chances of making money are better.
The key to finding the “hidden gems” in penny stocks is to understand and avoid the risks that go with them. You get the benefit of Pat McKeough’s decades of experience—and his specific recommendations—in our special report, Canadian Penny Stocks: What You Need to Know about Handling the Risks and Reaping the Rewards, on TSI Network. Claim your FREE copy right now!
ENBRIDGE INC., $47.60, Toronto symbol ENB, remains a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario and Quebec.
With the March 2023, payment, Enbridge raised… Read More
VERIZON COMMUNICATIONS INC., $33.45, New York symbol VZ, is your #1 Income Buy for 2023.
The telecom provider is the second-largest wireless carrier in the U.S. after AT&T (New York symbol T), with 143.2 million subscribers (consumers and businesses) as of June 30, 2023. It also… Read More
ENBRIDGE INC., $45.77, Toronto symbol ENB, remains a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario and Quebec.
This week, Enbridge agreed to acquire three… Read More
SUNCOR ENERGY INC., $44.84, Toronto symbol SU, is a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor’s average daily oil… Read More
CANADIAN PACIFIC KANSAS CITY LTD., $104.03, Toronto symbol CP, is your #1 Conservative Buy for 2023.
The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed its acquisition of U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S. in cash and… Read More
TOYOTA MOTOR CO. ADRs, $164.35, New York symbol TM, is a buy.
The ADRs (each American Depositary Receipt equals two common shares) give you exposure to the world’s largest automaker.
The stock rose 10% this week after Toyota announced that it will build a commercial solid-state battery… Read More
TECK RESOURCES LTD. $58 is a buy. The company (Toronto symbol TECK.B; Resources sector; Shares outstanding: 515.0 million; Market cap: $29.9 billion; Dividend yield: 0.9%; Takeover Target Rating: Lowest; www.teck.com) recently cancelled a controversial plan to spin off its metallurgical coal business, as winning shareholder approval would have been… Read More
TECK RESOURCES LTD., $56.72, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc.
Teck confirmed this week that… Read More
TECK RESOURCES LTD. $57 is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 512.3 million; Market cap: $29.2 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) recently dropped its plan to spin off its coal business due to… Read More
Thomson Reuters’ investors continue to benefit from the 2018 sale of its financial data business—a move by the company to better focus on selling information products to lawyers, accountants and tax professionals. The stock has soared over 200% in the five years since, and the… Read More
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Changes to this Policy
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