price to sales ratio
CHEVRON CORP. $123 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $233.7 billion; Price-to-sales ratio: 1.1; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.chevron.com) plans to increase production at its Permian shale oil properties in west Texas by two-thirds, to 250,000 barrels a day, by 2020. That’s equal to 9.7% of its overall production in the first quarter of 2014.
Moreover, the company does not have to pay royalties to landholders on over half of its Permian holdings, which will make these properties more profitable.
In addition, Chevron raised its dividend by 7.0%. The new annual rate of $4.28 a share yields 3.5%.
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Moreover, the company does not have to pay royalties to landholders on over half of its Permian holdings, which will make these properties more profitable.
In addition, Chevron raised its dividend by 7.0%. The new annual rate of $4.28 a share yields 3.5%.
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MOLSON COORS BREWING CO. $64 (New York symbol TAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 184.8 million; Market cap: $11.8 billion; Price-to-sales ratio: 2.9; Dividend yield: 2.3%; TSINetwork Rating: Average; www.molsoncoors.com) is the world’s fifth-largest brewer by volume.
Beer sales are rising slowly in developed regions like North America. That’s why Molson Coors bought StarBev, which owns nine breweries in central and eastern Europe, for $3.5 billion in June 2012.
The company continues to do a good job of cutting StarBev’s costs and making it more efficient.
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Beer sales are rising slowly in developed regions like North America. That’s why Molson Coors bought StarBev, which owns nine breweries in central and eastern Europe, for $3.5 billion in June 2012.
The company continues to do a good job of cutting StarBev’s costs and making it more efficient.
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DIAGEO PLC ADRs $126 (New York symbol DEO; Conservative Growth Portfolio, Consumer sector; ADRs outstanding: 627.8 million; Market cap: $79.1 billion; Price-to-sales ratio: 4.2; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.diageo.com) is the world’s largest premium alcoholic beverage company. Its major brands include Guinness stout, Smirnoff vodka, Johnnie Walker whisky and Captain Morgan rum.
The company recently offered to buy a further 26% of United Spirits, India’s largest distiller. This publicly traded business also imports and distributes alcoholic drinks made by companies outside of India.
Diageo’s offer is worth $1.9 billion. If successful, its stake would rise to 54.8%.
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The company recently offered to buy a further 26% of United Spirits, India’s largest distiller. This publicly traded business also imports and distributes alcoholic drinks made by companies outside of India.
Diageo’s offer is worth $1.9 billion. If successful, its stake would rise to 54.8%.
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PEPSICO INC. $87 (New York symbol PEP; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.5 billion; Market cap: $130.5 billion; Price-to-sales ratio: 2.0; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.pepsico.com) is the world’s second-largest soft drink maker after Coca-Cola. It also makes other products, such as Frito-Lay snack foods, Gatorade sports drinks, Tropicana fruit juices and Quaker Oats cereals.
Consumers are becoming increasingly concerned about the health effects of soft drinks, as well as potato chips and other snacks. The company continues to develop more nutritious alternatives in response.
For example, it owns the exclusive soft drink rights to a new type of sweetener called Sweetmyx, which lets food makers use less sugar in their products. At the same time, PepsiCo is cutting salt and fat from its foods.
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Consumers are becoming increasingly concerned about the health effects of soft drinks, as well as potato chips and other snacks. The company continues to develop more nutritious alternatives in response.
For example, it owns the exclusive soft drink rights to a new type of sweetener called Sweetmyx, which lets food makers use less sugar in their products. At the same time, PepsiCo is cutting salt and fat from its foods.
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NVIDIA CORP. $19 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 558.0 million; Market cap: $10.6 billion; Price-to-sales ratio: 2.6; Yield: 1.8%; TSINetwork Rating: Average; www.nvidia.com) earned $166.1 million in the quarter ended April 27, 2014. That’s up 45.9% from $113.8 million a year ago. Per-share earnings jumped 61.1%, to $0.29 from $0.18, on fewer shares outstanding.
Sales rose 15.5%, to $1.1 billion from $954.7 million, thanks to strong demand for Nvidia’s new high-end video chips. However, it faces strong competition from larger chip makers as it expands into new markets, like mobile devices and data centres.
Nvidia is a hold.
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Sales rose 15.5%, to $1.1 billion from $954.7 million, thanks to strong demand for Nvidia’s new high-end video chips. However, it faces strong competition from larger chip makers as it expands into new markets, like mobile devices and data centres.
Nvidia is a hold.
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ADOBE SYSTEMS INC. $65 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 497.7 million; Market cap: $32.4 billion; Price-to-sales ratio: 8.3; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $151.3 million, or $0.30 a share, in its fiscal 2014 first quarter, which ended February 28, 2014. That’s down 14.9% from $177.9 million, or $0.35, a year ago. Revenue fell 0.8%, to $1.00 billion from $1.01 billion.
The declines are mainly because Adobe is now selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription instead of a one-time purchase. That hurts the company’s short-term growth, but it should provide stable revenue streams as more users switch over. Subscriptions now supply over half of Adobe’s revenue.
The company spends 21% of its revenue on research, which hurts its earnings. That’s partly why the stock trades at a high 59.1 times the $1.10 a share that Adobe will likely earn in fiscal 2014. A high p/e increases the risk of a sudden price drop if its growth stalls. As well, Adobe mainly serves customers in cyclical businesses, like publishing.
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The declines are mainly because Adobe is now selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription instead of a one-time purchase. That hurts the company’s short-term growth, but it should provide stable revenue streams as more users switch over. Subscriptions now supply over half of Adobe’s revenue.
The company spends 21% of its revenue on research, which hurts its earnings. That’s partly why the stock trades at a high 59.1 times the $1.10 a share that Adobe will likely earn in fiscal 2014. A high p/e increases the risk of a sudden price drop if its growth stalls. As well, Adobe mainly serves customers in cyclical businesses, like publishing.
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GOOGLE INC. $562 (Nasdaq symbol GOOG; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 674.5 million; Market cap: $379.1 billion; Price-to-sales ratio: 6.1; No dividends paid; TSINetwork Rating: Above Average; www.google.com) recently handed out its new class C non-voting shares to its class A (one vote per share) and class B (10 votes per share) shareholders. Investors received one class C share for each stock held, for an effective 2-for-1 split.
The new class C shares trade on Nasdaq under the GOOG symbol, while the class A shares ($570), now trade under the new GOOGL symbol.
If voting and non-voting shares trade for roughly the same price, you are better off buying the voting shares. That’s because the voting shares sometimes go on to trade at a premium, possibly due to buying by a shareholder who is only seeking to acquire a control position, or because institutions refuse to buy non-voters.
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The new class C shares trade on Nasdaq under the GOOG symbol, while the class A shares ($570), now trade under the new GOOGL symbol.
If voting and non-voting shares trade for roughly the same price, you are better off buying the voting shares. That’s because the voting shares sometimes go on to trade at a premium, possibly due to buying by a shareholder who is only seeking to acquire a control position, or because institutions refuse to buy non-voters.
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MICROSOFT CORP. $40 (Nasdaq symbol MSFT; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 8.3 billion; Market cap: $332.0 billion; Price-to-sales ratio: 4.1; Dividend yield: 2.8%; TSINetwork Rating: Above Average; www.microsoft.com) is the world’s largest software company. It went into business in 1975 and grew rapidly over the next 25 years as its Windows operating system dominated the personal computer market. About 90% of the world’s computers now use the Windows operating system.
In the late 1980s, the company launched its Office suite of business programs, including a word processor (Word), spreadsheets (Excel) and slide presentations (PowerPoint). Office accounts for over 90% of this market.
Microsoft also controls about 75% of the market for software that runs corporate network servers. That helps support sales of Windows and Office, because businesses prefer to have their servers and employees’ computers running the same software. This compatibility makes it easier for users to upgrade their software and protect sensitive data.
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In the late 1980s, the company launched its Office suite of business programs, including a word processor (Word), spreadsheets (Excel) and slide presentations (PowerPoint). Office accounts for over 90% of this market.
Microsoft also controls about 75% of the market for software that runs corporate network servers. That helps support sales of Windows and Office, because businesses prefer to have their servers and employees’ computers running the same software. This compatibility makes it easier for users to upgrade their software and protect sensitive data.
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Suncor’s shares rose from $35 after it merged with Petro-Canada in August 2009 to a peak of $46 in March 2011. After that, the stock fell and stayed between $30 and $35 for most of the past three years. That’s mainly due to setbacks at its Alberta oil sands operations, which pushed up its operating costs and forced it to write down some of its projects.
The company has now solved many of these problems, which should improve its future earnings and cash flow....
The company has now solved many of these problems, which should improve its future earnings and cash flow....
SNC-LAVALIN GROUP INC. $52 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 152.1 million; Market cap: $7.9 billion; Price-to-sales ratio: 1.0; Dividend yield: 1,8%; TSINetwork Rating: Average; www.snclavalin.com) has agreed to sell AltaLink to Berkshire Hathaway (New York symbol BRK.B), the holding company controlled by billionaire investor Warren Buffett.
Wholly owned AltaLink provides electricity to 85% of Alberta’s population through 12,000 kilometres of power lines and 280 substations.
The company will receive $3.2 billion (or $2.9 billion after taxes)....
Wholly owned AltaLink provides electricity to 85% of Alberta’s population through 12,000 kilometres of power lines and 280 substations.
The company will receive $3.2 billion (or $2.9 billion after taxes)....