recent acquisitions
Bank of Nova Scotia continues to expand in two main areas: Latin America and wealth management. This includes recent acquisitions of banking operations in Chile and Peru as well as its $950 million all-stock purchase of wealth management firm Jarislowsky Fraser....
These three tech leaders continue to hit new highs. Those gains are mainly due to high research spending, which helps them develop new products and fuel their future growth. While that spending hurts their current earnings, recent acquisitions further enhance their long-term prospects....
A: High Liner Foods Inc., $8.32, symbol HLF on Toronto (Shares outstanding: 33.4 million; Market cap: $277.9 million, www.highliner.com), processes and markets frozen seafood....
FIRSTSERVICE CORP. $109.91 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.6 million; Market cap: $4.0 billion; Dividend yield: 0.7%) set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015....
A: Constellation Brands, $206.81, symbol STZ on New York (Shares outstanding: 167.9 million; Market cap: $40.2 billion; www.cbrands.com), is an international producer and marketer of beer, wine and spirits. Founded in 1945, Constellation has more than 100 brands in its portfolio, owns 28 wineries, breweries and distilleries, and employs 9,600 people.
The company is the largest multi-category supplier (beer, wine, spirits) of alcoholic beverages in the U.S....
The company is the largest multi-category supplier (beer, wine, spirits) of alcoholic beverages in the U.S....
Spinoffs are great way for companies with various, unrelated operations to unlock hidden value. That’s because “pure play” companies that focus on a single business are much easier to evaluate than entities inside a larger corporate structure.
A good example of this is WestRock Co., and its spinoff.
On May 16, 2016, the leading cardboard-packaging maker spun off its specialty chemical operations as Ingevity....
A good example of this is WestRock Co., and its spinoff.
On May 16, 2016, the leading cardboard-packaging maker spun off its specialty chemical operations as Ingevity....
The outlook for these three technology giants remains bright. Each of them is a market leader, and their strong balance sheets will let them keep developing new products and services. Moreover, they continue to buy back shares and increase their dividends.
INTERNATIONAL BUSINESS MACHINES CORP....
The U.S. imposed a 2.3% tax on the sale of medical devices in 2013 as part of the Affordable Care Act. However, Congress suspended the tax in 2015, and has now extended that delay till 2020. It’s likely that Congress will ultimately kill the tax. That would give these three companies more cash for research and new growth projects.
BECTON DICKINSON & CO....
BECTON DICKINSON & CO....
FIRSTSERVICE CORP. $96.33 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.6 million; Market cap: $3.4 billion; Dividend yield: 0.7%) set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015....
CISCO SYSTEMS INC. $44 (Nasdaq symbol CSCO; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.8 billion; Market cap: $211.2 billion; Price-to-sales ratio: 4.4; Dividend yield 3.0%; TSINetwork Rating: Average; www.cisco.com) is a leading maker of hardware and software that links and manages computer networks....