price to sales ratio
EMERA INC. $35 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 124.7 million; Market cap: $4.4 billion;Price-to-sales ratio: 2.1; Dividend yield: 4.0%; TSI Network Rating:Average; www.emera.com) is buying a biomass plant in Brooklyn,Nova Scotia, from that province’s government....
LINAMAR CORP. $25 (Toronto symbol LNR;Aggressive Growth Portfolio, Manufacturing &Industry sector; Shares outstanding: 64.7 million;Market cap: $1.6 billion; Price-to-sales ratio: 0.5;Dividend yield: 1.3%; TSI Network Rating: Extra Risk; www.linamar.com) gets 85% of its revenue by making engines, transmissions and other precision machined parts for automakers....
Suncor and Imperial Oil continue to expand their oil-sands operations. These projects are expensive to build and operate. A lack of pipeline capacity to handle the extra output could also put pressure on oil prices. However, lower prices would also boost profits at their refining operations.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
PENGROWTH ENERGY CORP. $4.97 (Toronto symbol PGF;Aggressive Growth Portfolio, Resources sector; Shares outstanding: 507.1 million; Market cap: $2.5 billion; Price-to-sales ratio: 1.6; Dividend yield: 9.7%; TSI Network Rating: Average;www.pengrowth.com) has agreed to sell its 10.02% interest in the Weburn oil project in Saskatchewan.
The company will receive $315 million when the deal closes by the end of January 2013....
The company will receive $315 million when the deal closes by the end of January 2013....
ENBRIDGE INC. $43 (Toronto symbol ENB;Conservative Growth Portfolio, Utilities sector;Shares outstanding: 799.9 million; Market cap: $34.4billion; Price-to-sales ratio: 1.4; Dividend yield: 2.9%;TSI Network Rating: Above Average;www.enbridge.com) has bought 50% of the Massifdu Sud wind project in Quebec....
TRANSCONTINENTAL INC. $11 (Toronto symbol TCL.A;Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 78.2 million; Market cap: $860.2 million; Price-to-sales ratio: 0.4; Dividend yield: 5.3%; TSI Network Rating: Average;www.tctranscontinental.com) has amended the terms of its contract to print the San Francisco Chronicle, which runs to 2024.
The newspaper’s print circulation is falling, so it needs fewer copies....
The newspaper’s print circulation is falling, so it needs fewer copies....
CGI GROUP INC. $24 (Toronto symbol GIB.A;Aggressive Growth Portfolio, Manufacturing &Industry sector; Shares outstanding: 307.7 million;Market cap: $7.4 billion; Price-to-sales ratio: 1.5; No dividends paid; TSI Network Rating: Extra Risk;www.cgi.com) is Canada’s largest provider of computer outsourcing services....
FINNING INTERNATIONAL INC. $23 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 171.9 million; Market cap: $4.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.4%; TSINetwork Rating: Above Average; www.finning.com) is the world’s largest seller of heavy equipment, such as tractors, bulldozers and trucks, made byCaterpillar Inc. (New York symbol CAT). It sells these products to customers in the mining, forest products and construction industries in western Canada (53% of total revenue), South America (33%) and the U.K. (14%).
Finning also rents and fixes equipment. These services—which are more profitable than selling this gear—now supply half of the company’s sales.
Rising resource prices boosted results
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Finning also rents and fixes equipment. These services—which are more profitable than selling this gear—now supply half of the company’s sales.
Rising resource prices boosted results
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TECK RESOURCES LTD. $34 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 586.0 million; Market cap: $19.9 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.6%; TSINetwork Rating: Average; www.teck.com) produced 6.3 million tonnes of metallurgical coal in the third quarter of 2012, up 6.2% from 6.0 million tonnes a year earlier. Copper production jumped 28.6%, to 99,000 tonnes from 77,000, thanks to Teck’s recent expansion projects.
However, slowing growth in China and India cut coal prices by 32.5% from a year earlier. Copper prices fell 14.0%. That’s why Teck’s earnings declined 53.0% in the quarter, to $349 million or $0.60 a share. A year earlier, it earned $742 million, or $1.26. Cash flow per share fell 42.7%, to $1.26 from $2.20. Revenue declined 25.9%, to $2.5 billion from $3.4 billion.
The company will probably lower its production in response to the weaker demand. It also aims to cut $200 million from its annual costs, mainly by making its rail shipments more efficient.
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However, slowing growth in China and India cut coal prices by 32.5% from a year earlier. Copper prices fell 14.0%. That’s why Teck’s earnings declined 53.0% in the quarter, to $349 million or $0.60 a share. A year earlier, it earned $742 million, or $1.26. Cash flow per share fell 42.7%, to $1.26 from $2.20. Revenue declined 25.9%, to $2.5 billion from $3.4 billion.
The company will probably lower its production in response to the weaker demand. It also aims to cut $200 million from its annual costs, mainly by making its rail shipments more efficient.
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CENOVUS ENERGY INC. $33 (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 755.8 million; Market cap: $24.9 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.7%; TSINetwork Rating: Extra Risk; www.cenovus.com) planned to drill up to 1,275 new natural gas wells on land belonging to Canadian Forces Base Suffield in southern Alberta. However, regulators have blocked this plan, as the area is now a national wildlife reserve.
This is a minor setback for Cenovus. The company still has 1,145 gas wells on this property, which it drilled before the area became a reserve.
Cenovus is a buy.
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This is a minor setback for Cenovus. The company still has 1,145 gas wells on this property, which it drilled before the area became a reserve.
Cenovus is a buy.
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