price to sales ratio
LINAMAR CORP. $28 ( T o r o n t o s y mb o l L N R ; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.7 million; Market cap: $1.8 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.1%; TSINetwork Rating: Extra Risk; www.linamar.com) is buying three plants in Germany that make automotive camshafts for various carmakers.
The company didn’t say how much it will pay for these facilities or when the deal will close. However, this purchase will add roughly $35 million to Linamar’s yearly sales of $3.2 billion. As well, the company plans to use this business’s expertise to improve its camshaft operations.
Linamar is a buy.
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The company didn’t say how much it will pay for these facilities or when the deal will close. However, this purchase will add roughly $35 million to Linamar’s yearly sales of $3.2 billion. As well, the company plans to use this business’s expertise to improve its camshaft operations.
Linamar is a buy.
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LOBLAW COMPANIES LTD. $46 (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 280.9 million; Market cap: $12.9 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.loblaw.ca) is spending $100 million to upgrade its 77 Provigo and 32 Loblaw supermarkets in Quebec. That’s equal to 58% of its 2013 firstquarter earnings of $171 million, or $0.61 a share.
These improvements include faster checkout lines, a better selection of fresh products, and the addition of on-site baked bagels and juice bars. In addition, the company will rebrand six of its existing Loblaw stores, plus one under construction, as Provigo Le Marché.
Loblaw is a buy.
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These improvements include faster checkout lines, a better selection of fresh products, and the addition of on-site baked bagels and juice bars. In addition, the company will rebrand six of its existing Loblaw stores, plus one under construction, as Provigo Le Marché.
Loblaw is a buy.
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BLACKBERRY INC. $14 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.0 million; Market cap: $7.3 billion; Price-to-sales ratio: 0.7; No dividends paid; TSINetwork Rating: Average; www.blackberry.com) aims to increase its sales in developing markets like Africa, Asia and Latin America with the Q5, the third smartphone to use the company’s new BlackBerry 10 software.
Like the new Q10, this new model features a 3.1-inch display and a physical keyboard. However, it comes with less storage capacity and a slower processing chip. That will let the company sell the Q5 for about half the price of the Q10. The new phone should also help BlackBerry complete with low-cost phones powered by Google’s Android software.
BlackBerry is a hold.
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Like the new Q10, this new model features a 3.1-inch display and a physical keyboard. However, it comes with less storage capacity and a slower processing chip. That will let the company sell the Q5 for about half the price of the Q10. The new phone should also help BlackBerry complete with low-cost phones powered by Google’s Android software.
BlackBerry is a hold.
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CGI GROUP INC. $30 (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 309.3 million; Market cap: $9.3 billion; Price-to-sales ratio: 1.5; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) has won contracts from the Kentucky and Louisiana health cooperatives. Created under the Affordable Care Act, also known as Obamacare, these are private, non-profit organizations that sell low-cost health insurance to individuals and small businesses.
For the next five years, CGI’s computer-outsourcing expertise will help them automate their billing and claims-processing functions.
CGI Group is a buy....
For the next five years, CGI’s computer-outsourcing expertise will help them automate their billing and claims-processing functions.
CGI Group is a buy....
TRANSCONTINENTAL INC. $12 (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 77.9 million; Market cap: $934.8 million; Price-to-sales ratio: 0.4; Dividend yield: 4.8%; TSINetwork Rating: Average; www.tctranscontinental.com) gets 68% of its revenue from its commercial printing business, which is the largest in Canada. The remaining 32% comes from publishing newspapers and magazines.
In its 2013 second quarter, which ended April 30, 2013, Transcontinental’s revenue fell 0.2%, to $521.3 million from $522.4 million a year earlier. Revenue from six recently acquired printing plants in Canada helped offset the loss of a contract to print flyers for the now-closed Zellers retail chain.
So far, the company has realized annual savings of $30 million by combining the new plants with its current operations. Even so, earnings fell 2.0% in the latest quarter, to $34.8 million from $35.5 million. Earnings per share were unchanged at $0.44 on fewer shares outstanding.
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In its 2013 second quarter, which ended April 30, 2013, Transcontinental’s revenue fell 0.2%, to $521.3 million from $522.4 million a year earlier. Revenue from six recently acquired printing plants in Canada helped offset the loss of a contract to print flyers for the now-closed Zellers retail chain.
So far, the company has realized annual savings of $30 million by combining the new plants with its current operations. Even so, earnings fell 2.0% in the latest quarter, to $34.8 million from $35.5 million. Earnings per share were unchanged at $0.44 on fewer shares outstanding.
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ANDREW PELLER LTD. $12 (Toronto symbol ADW.A; Income Portfolio, Consumer sector; Shares outstanding: 14.3 million; Market cap: $171.6 million; Price-to-sales ratio: 0.6; Dividend yield: 3.3%; TSINetwork Rating: Above Average; www.andrewpeller.com) reported that its sales rose 4.4% in the fiscal year ended March 31, 2013, to a record $289.1 million from $276.9 million in 2012. The winemaker continues to benefit from its November 2011 licensing deal with the Wayne Gretzky Estates winery. The 2011 acquisition of a home wine making kit company, plus the launch of several new products, also contributed to the higher sales.
Peller earned $1.12 a share for the year, up 20.4% from $0.93. The company also raised its dividend for the fifth time in eight years. The new annual rate of $0.40 a share, up 11.1% from $0.36, yields 3.3%.
Andrew Peller is a buy.
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Peller earned $1.12 a share for the year, up 20.4% from $0.93. The company also raised its dividend for the fifth time in eight years. The new annual rate of $0.40 a share, up 11.1% from $0.36, yields 3.3%.
Andrew Peller is a buy.
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NORDION INC. $7.73 (Toronto symbol NDN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 61.9 million; Market cap: $478.5 million; Price-to-sales ratio: 2.0; Dividend suspended in September 2012; TSINetwork Rating: Extra Risk; www.nordion.com) is selling its Targeted Therapies division to U.K.-based BTG plc. This business makes TheraSphere, a process that Nordion developed for treating liver cancer using millions of small glass beads that contain radioactive materials.
Nordion will receive $185 million for Targeted Therapies (all amounts except share price and market cap in U.S. dollars). In addition, the company will continue to make TheraSphere on BTG’s behalf for three years after the sale closes in June 2013. BTG has an option to extend this arrangement for two more years.
Without unusual items (but including the Targeted Therapies division), Nordion lost $1.8 million, or $0.03 a share, in the three months ended April 30, 2013. A year ago, it earned $4.8 million, or $0.08 a share. Revenue rose 12.1%, to $56.1 million from $50.0 million. That was mainly due to the favourable timing of sales of equipment for sterilizing food and surgical tools.
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Nordion will receive $185 million for Targeted Therapies (all amounts except share price and market cap in U.S. dollars). In addition, the company will continue to make TheraSphere on BTG’s behalf for three years after the sale closes in June 2013. BTG has an option to extend this arrangement for two more years.
Without unusual items (but including the Targeted Therapies division), Nordion lost $1.8 million, or $0.03 a share, in the three months ended April 30, 2013. A year ago, it earned $4.8 million, or $0.08 a share. Revenue rose 12.1%, to $56.1 million from $50.0 million. That was mainly due to the favourable timing of sales of equipment for sterilizing food and surgical tools.
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DUNDEE CORP. $22 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 54.1 million; Market cap: $1.2 billion; Price-to-sales ratio: 1.9; No dividends paid; TSINetwork Rating: Average; www.dundeecorp.com) is a holding company with investments in wealth management, real estate, resources and agriculture.
The company recently completed its plan to set up 70%-owned DREAM UNLIMITED CORP. $12 (Toronto symbol DRM) as a separate, publicly traded firm. DREAM, which was formerly the company’s Dundee Realty Corp. subsidiary, develops and manages commercial and residential real estate in North America and Europe. Insiders still hold 30% of DREAM.
Dundee shareholders received one share of DREAM for each Dundee share they held. Investors are only liable for capital gains taxes when they sell their new shares.
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The company recently completed its plan to set up 70%-owned DREAM UNLIMITED CORP. $12 (Toronto symbol DRM) as a separate, publicly traded firm. DREAM, which was formerly the company’s Dundee Realty Corp. subsidiary, develops and manages commercial and residential real estate in North America and Europe. Insiders still hold 30% of DREAM.
Dundee shareholders received one share of DREAM for each Dundee share they held. Investors are only liable for capital gains taxes when they sell their new shares.
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CANADIAN IMPERIAL BANK OF COMMERCE $77 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 399.8 million; Market cap: $30.8 billion; Price-to-sales ratio: 1.8; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.cibc.com) is the fifth-largest Canadian bank, with $397.7 billion of assets.
CIBC has the highest exposure to Canada of all the big five banks: its domestic operations now supply 85% of its revenue. Its international businesses mainly consist of wealth management services in the U.S. and retail banking in the Caribbean.
In the three months ended April 30, 2013, CIBC earned $876 million, up 4.3% from $840 million a year earlier. Earnings per share rose 6.0%, to $2.12 from $2.00, on fewer shares outstanding. These figures exclude several unusual items, mainly losses on securities the bank holds.
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CIBC has the highest exposure to Canada of all the big five banks: its domestic operations now supply 85% of its revenue. Its international businesses mainly consist of wealth management services in the U.S. and retail banking in the Caribbean.
In the three months ended April 30, 2013, CIBC earned $876 million, up 4.3% from $840 million a year earlier. Earnings per share rose 6.0%, to $2.12 from $2.00, on fewer shares outstanding. These figures exclude several unusual items, mainly losses on securities the bank holds.
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BANK OF MONTREAL $60 (Toronto symbol BMO; Conservative Growth Portfolio, Finance sector; Shares outstanding: 648.1 million; Market cap: $38.9 billion; Price-to-sales ratio: 1.9; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.bmo.com) is Canada’s fourth-largest bank, with $555.3 billion of assets.
In the three months ended April 30, 2013, the bank’s revenue fell 0.4%, to $3.94 billion from $3.96 billion a year earlier.
Revenue was flat at the Canadian retail banking operations, which account for 39% of Bank of Montreal’s overall revenue. The value of this division’s business loans rose 12%, and personal loans increased 10%. However, lower interest rates on new loans offset these gains.
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In the three months ended April 30, 2013, the bank’s revenue fell 0.4%, to $3.94 billion from $3.96 billion a year earlier.
Revenue was flat at the Canadian retail banking operations, which account for 39% of Bank of Montreal’s overall revenue. The value of this division’s business loans rose 12%, and personal loans increased 10%. However, lower interest rates on new loans offset these gains.
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