Buy Cummins now for future spinoff

Auto parts maker Cummins recently carved out its filtration products business as a separate firm called Atmus. We expect the split will work out well for both firms. However, we prefer Cummins for your new buying right now, as its long-term plan is to hand… Read More

Q: I have followed your recommendations for years and have built a good portfolio on them. I have a question. What do you think of Canadian Apartment Properties REIT’s prospects going forward? Thank you.

A: Canadian Apartment Properties REIT, $48.67, symbol CAR.UN on Toronto (Units outstanding: 167.4 million; Market cap: $8.2 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks). Those rental properties are all located in or near major urban centres in… Read More

This IPO taps renewable energy

SOLARMAX TECHNOLOGY INC. sells and installs solar panels and battery-backup systems to residential and commercial customers in the U.S. It also operates solar power projects in China.
The company has filed paperwork with U.S. regulators for an initial public offering (IPO) of up to 8.625 million common… Read More

Volatile lithium prices add risk

LITHIUM ROYALTY CORP. $16 is a hold. The company (Toronto symbol LIRC; Resources sector; 55.3 million; Market cap: $884.8 million; No dividend paid; Takeover Target Rating: Medium; www.lithiumroyaltycorp.com) receives royalties from 28 lithium properties—two of which are currently in operation, four are under construction and 22 are under development… Read More

Activists want buyers for these two

We keep an eye on activist investors, as they tend to zero in on depressed companies that could unlock value with a spinoff or sale. Here are two firms that are now under activist pressure to sell themselves. While that may attract offers, we see… Read More