public offering

INTEL CORP. $47 is a buy. The company (Nasdaq symbol INTC; Manufacturing & Industry sector; Shares outstanding: 4.1 billion; Market cap: $192.7 billion; Dividend yield: 3.3%; Takeover Target Rating: Medium; www.intel.com) has filed the initial paperwork for an initial public offering of its Mobileye subsidiary later this year....

A: Tidewater Midstream and Infrastructure Ltd., $1.32, symbol TWM on Toronto (Shares outstanding: 339.1 million; Market cap: $457.9 million; www.tidewatermidstream.com), purchases, sells and transports natural gas and natural gas liquids (NGLs) throughout North America and to overseas markets.

Tidewater is also engaged in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, export terminals and storage facilities.

The company first sold shares to the public and began trading on the TSX Venture Exchange on April 15, 2015, at $1.00 each....

TIDEWATER RENEWABLES LTD. $14 is a hold. The company (Toronto symbol LCFS; Manufacturing Sector; Shares outstanding: 34.7 million; Market cap: $485.8 million; No dividend paid; Takeover Target Rating: Medium; www.tidewater-renewables.com) produces low-carbon fuels from renewable sources such as used cooking oil, inedible animal fats and waste wood....

Intel recently announced a new long-term strategy, which mainly involves expanding its ability to make chips for other companies.


To help fund the cost of building new chip plants, Intel will sell a minority stake in its Mobileye business to the public in 2022....

AGNICO EAGLE MINES LTD. $63 is a hold. The company (Toronto symbol AEM; Resources Sector; Shares outstanding: 244.9 million; Market cap: $15.4 billion; Dividend yield: 2.8%; Takeover Target Rating: Medium; www.agnicoeagle.com) has eight gold mines: five in Canada (LaRonde, Meadowbank, Meliadine, Goldex and Malarctic), one in Finland (Kittila), and two in Mexico (Pinos Altos and La India).


Agnico is buying Kirkland Lake Gold Ltd....

On September 21, 2018, Eli Lilly set up its animal-health business as a separate company called Elanco Animal Health and sold 19.8% of its shares through an initial public offering at $24 each. The company disposed of its remaining 80.2% stake in Elanco in March 2019....

Dear Inner Circle Member,

Canadian National Railway’s $33.6 billion U.S. takeover attempt for rival Kansas City Southern failed after regulators blocked a key condition of the deal. As a result, KCS has now agreed to merge with Canadian Pacific Railway—CN’s main competitor.

Investors tend to dislike the risk that comes with big acquisitions, and CN stock rallied on the news....

NUVEI CORP. $156 is a buy, but only for aggressive investors. The Montreal-based company (Toronto symbol NVEI; Manufacturing sector; Shares outstanding: 142.1 million; Market cap: $22.2 billion; No dividend paid; Takeover Target Rating: Lowest; www.nuvei.com) makes software to help businesses worldwide process electronic payments.


In September 2020, the company completed an initial public offering (IPO) of 29.2 million subordinate voting shares (one vote per share) at $26.00 U.S....

COTY INC. $7.73 is still a hold for aggressive investors. The company (New York symbol COTY; Consumer sector; Shares outstanding: 816.1 million; Market cap: $6.3 billion; Dividend suspended in 2020; Takeover Target Rating: Medium; www.coty.com) is a leading maker of beauty and cosmetics products....

TOAST INC. makes point-of-sale software and hardware for restaurants. The company’s system makes it easier for restaurants to accept online orders and payments. Clients can also use this customer data to improve their loyalty and marketing programs. About 48,000 restaurants currently use this platform, processing over 5.5 million orders a day.


The company plans to sell 21.7 million class A shares (one vote per share) through an initial public offering at between $30 and $33....