Papa John’s faces new pressure

PAPA JOHN’S INTERNATIONAL INC. $43 (New York symbol PZZA; Consumer sector; Shares outstanding: 31.5 million; Market cap: $1.4 billion; Dividend yield: 2.1%; Takeover Target Rating: Highest; is the world’s third-largest pizza delivery company behind Domino’s Pizza (New York symbol DPZ) and Pizza Hut, part of Yum Brands… Read More

Q: Hi, Pat. My question relates to the Horizons Active Preferred Share ETF. Compared to holding the preferred shares of individual companies, does an ETF like this provide any advantages? Is this the best one to buy if you want to buy such an ETF? Thanks!

A: Preferred shares behave more like long-term fixed-income instruments rather than short-term instruments. So while short-term interest rates are still relatively low, the outlook for long-term interest rates is less certain.

The underlying credit quality of preferred share issuers can be a negative factor in some… Read More

Investing in stocks: The hidden drawbacks of split-share corporations

Investing in stocks: The hidden drawbacks of split-share corporations

Split-share corporations come with inherent drawbacks that can hand investors unexpected and unwelcomed costs before they’d planned
Split-share corporations: they’re just one of the areas that Pat McKeough’s Inner Circle can tap into our investment research. Members also get to ask investment questions of Pat and his… Read More