public offering
MANULIFE FINANCIAL CORP. $25.91 (Toronto symbol MFC; Shares o/s: 2.0 billion; Market cap: $50.9 billion; TSINetwork Rating: Above Average; Dividend yield: 3.2%; www.manulife.ca) is now Canada’s largest life insurer.
The company also operates in the U.S....
The company also operates in the U.S....
A: Summit Industrial Income REIT, $6.21, symbol SMU.UN on Toronto (Units outstanding: 42.4 million; Market cap: $263.3 million; www.summitiireit.com), is an open-ended trust (see below) that owns light industrial properties across Canada.
As of September 30, 2016, the trust owned 53 buildings making up 5.2 million square feet of leasable area....
As of September 30, 2016, the trust owned 53 buildings making up 5.2 million square feet of leasable area....
A: Hudson’s Bay Co., $10.48, symbol HBC on Toronto (Shares outstanding: 182.2 million; Market cap: $1.8 billion; www.hbc.com), operates retail stores under six main banners:
The Hudson’s Bay chain in Canada consists of 90 department stores, one outlet store and an e-commerce site.
HBC Europe operates 116 department stores in Germany and Belgium under Galeria banner....
The Hudson’s Bay chain in Canada consists of 90 department stores, one outlet store and an e-commerce site.
HBC Europe operates 116 department stores in Germany and Belgium under Galeria banner....
A: Automotive Properties REIT, $11.00, symbol APR.UN on Toronto (Units outstanding: 21.9 million; Market cap: $240.9 million; www.automotivepropertiesreit.ca), is a real estate investment trust that owns 32 commercial properties across cities in Ontario, Saskatchewan, Alberta, B.C....
ENCANA $14.42 (Toronto symbol ECA; Shares outstanding: 849.9 million; Market cap: $13.8 billion; TSINetwork Rating: Average; Dividend yield: 0.5%; www.encana.com) has raised $1.2 billion through a public offering of 123.1 million common shares at $9.35 each (all amounts except share price in U.S....
PHILIPS ELECTRONICS N.V. ADRs $26 (New York symbol PHG; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 913.0 million; Market cap: $23.7 billion; Price-tosales ratio: 0.9; Dividend yield: 3.4%; TSINetwork Rating: Average; www.philips.com) has sold 28.75% of its Philips Lighting subsidiary for 862.5 million euros in an initial public offering (1 euro=$1.45 Canadian)....
PHILIPS ELECTRONICS N.V. ADRs $26 (New York symbol PHG; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 913.0 million; Market cap: $23.7 billion; Price-tosales ratio: 0.9; Dividend yield: 3.4%; TSINetwork Rating: Average; www.philips.com) has sold 28.75% of its Philips Lighting subsidiary for 862.5 million euros in an initial public offering (1 euro=$1.45 Canadian)....
Pat: What is your recommendation on Loral Space & Communications? I believe it owns Telesat. Thanks.
A: Loral Space & Communications Ltd., $36.51 symbol LORL on Nasdaq (Shares outstanding: 30.9 million; Market cap: $1.1 billion, www.loral.com), is a holding company with interests in two satellite communication providers: Loral holds 62.8% of Ottawa-based Telesat. (Canada’s Public Sector Pension Investment Board owns the remaining 37.2%.) This business owns 15 satellites that distribute video signals for broadcasters, cable networks and satellite TV providers. Its clients include major broadcasters in Canada and the U.S. as well as satellite TV providers such as Bell TV in Canada and EchoStar/DISH Network in the U.S. In Addition, Telesat provides data and voice transmission services to businesses and government departments. Loral also owns 56.0% of XTAR, a joint venture with a group of Spanish telecommunications providers. XTAR provides satellite communication services to U.S. and European military and diplomatic clients....
American International Group, $52.17, symbol AIG on New York (Shares outstanding: 1.1 billion; Market cap: $60.5 billion; www.aig.com), is a leading international insurance company serving customers in more than 130 countries. The company went through a severe downturn in the recession of 2008/2009. Its stock dropped from over $1,200 a share in 2007, to less than $10 in March 2009. The company has three segments: Chartis, its property & casualty insurance arm; SunAmerica Financial Group, its life, accident & health insurance company (also offering annuities, mutual funds and financial planning services); and Financial Services, a business focused on commercial aircraft leasing. In late 2015, investors Carl Icahn and John Paulson launched a campaign to force AIG to split into three separate businesses. The two felt that AIG had significantly underperformed other insurance firms. They were also worried that its corporate structure was too complex to keep costs under control and that would prevent the stock from achieving its full value. As well, the company’s size subjects it to greater regulation and capital requirements than it would face if divided into independent businesses....