price to sales ratio
3M COMPANY $166 (New York symbol MMM; Income Growth Dividend Payer Portfolio, Manufacturing & In- dustry sector; Shares outstanding: 604.4 million; Market cap: $100.3 billion; Price-to-sales ratio: 2.8; Dividend yield: 2.7%; Dividend Sustainability Rating: Above Average; www.3m.com) started up in 1902, when it was called the Minne...
Dear client,
Oil prices have moved up to $45 U.S. from their January 2016 low of $34. Even so, crude prices are likely to remain volatile over the next year or so.
We feel most investors will benefit from keeping about 10% to 15% of their stock portfolios in the resources sector.
We also recommend sticking to larger integrated oil producers such as Imperial Oil....
Oil prices have moved up to $45 U.S. from their January 2016 low of $34. Even so, crude prices are likely to remain volatile over the next year or so.
We feel most investors will benefit from keeping about 10% to 15% of their stock portfolios in the resources sector.
We also recommend sticking to larger integrated oil producers such as Imperial Oil....
TELUS CORP. $43 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 591.0 million; Market cap: $25.4 billion; Price-to-sales ratio: 2.0; Dividend yield: 4.5%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s secondlargest wireless telephone service provider, after Rogers Communications....
While Imperial Oil (see page 111) is our top oil stock, we also like the outlook for these three industry firms.
They have all cut their costs, which should rapidly expand their earnings and cash flow as crude prices continue to recover. Moreover, their high-quality reserves should last decades.
SUNCOR ENERGY INC....
They have all cut their costs, which should rapidly expand their earnings and cash flow as crude prices continue to recover. Moreover, their high-quality reserves should last decades.
SUNCOR ENERGY INC....
PRECISION DRILLING CORP. $5.99 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 293.2 million; Market cap: $1.8 billion; Price-to-sales ratio: 1.7; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contract-drilling services to land-based oil and gas producers, mainly in North America....
HOME CAPITAL GROUP INC. $27 (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 64.6 million; Market cap; $1.7 billion; Price-to-sales ratio: 2.9; Dividend yield: 3.9%; TSINetwork Rating: Average; www.homecapital.com) paid $23.2 million in 2015 for Canadian First Financial Bank (now called Home Bank)....
These two leading industrial companies face weaker demand for their products. In response, Finning has cut costs, while Linamar has made acquisitions. We feel each strategy will lead to long-term gains.
FINNING INTERNATIONAL INC. $25 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 168.1 million; Market cap: $4.2 billion; Price-to-sales ratio: 0.7; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.finning....
FINNING INTERNATIONAL INC. $25 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 168.1 million; Market cap: $4.2 billion; Price-to-sales ratio: 0.7; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.finning....
LOBLAW COMPANIES LTD. $65 (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 403.8 million; Market cap: $26.2 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.loblaw.ca) has won licences from the Ontario government to sell beer and wine at an additional 20 of its supermarkets in the province....
CANADIAN NATIONAL RAILWAY CO. $85 (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 769.1 million; Market cap: $65.4 billion; Price-to-sales ratio: 5.4; Dividend yield: 1.8%; TSINetwork Rating: Above Average; www.cn.ca) has agreed to repurchase 2.7 million of its shares from a private seller at a discount to the market price....
AGRIUM INC. $127 (Toronto symbol AGU; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 138.2 million; Market cap: $17.6 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.7%; TSINetwork Rating: Average; www.agrium.com) and rival fertilizer firm POTASH CORP....