recent acquisitions

Dear client,


Consumers increasingly use smartphones to access the Internet instead of personal computers powered by computer chips. Industry leader Intel continues to adapt to those and other changes in the market—the same way it has since operations began in 1968.


The company has now applied its chip-making expertise to fastergrowing fields such as cloud computing (Internet file storage) and selfdriving cars....

AGILENT TECHNOLOGIES INC. $53 (New York symbol A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 322.3 million; Market cap: $17.1 billion; Price-to-sales ratio: 4.0; Dividend yield: 1.0%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment, such as mass spectrometers, for medical research labs and industrial clients.


Thanks to recent acquisitions and the launch of new products, the company earned $172 million in its fiscal 2017 first quarter ended January 31, 2017....

A: Altius Minerals Corp., $12.39, symbol ALS on Toronto, (Shares outstanding: 43.3 million; Market cap: $541.7 million; www.altiusminerals.com), owns a portfolio of royalty interests in 15 operating mines in Canada and one in Brazil....

Genuine Parts and Snap-On get most of their earnings from the cyclical automotive industry. Despite the volatility of their earnings, each firm has a long history of raising its dividend.


We continue to like the long-term outlook for both. However, we see only one as a buy for right now.


GENUINE PARTS CO....

For our December issue of TSI Dividend Advisor we reported on Pfizer’s research spending and recent acquisitions. They will contribute significantly to its future growth.

PFIZER INC. $31 (New York symbol PFE; Income Portfolio, Manufacturing & Industry sector; Shares o/s: 6.1 billion; Market cap: $189.1 billion; Price-to-sales ratio: 3.6; Dividend Sustainability Rating: Highest; Dividend yield: 3.9%; www.pfizer.com) is one of the world’s leading prescription drugmakers....

RIOCAN REAL ESTATE INVESTMENT TRUST $26.84 (Toronto symbol REI.UN; Units outstanding: 325.2 million; Market cap: $8.7 billion; TSINetwork Rating: Average; Dividend yield: 5.3%; ww.riocan.com) is Canada’s largest real estate investment trust.


For the three months ended September 30, 2016, the REIT spent $451 million to acquire new properties....

A: Medical Facilities Corp., $17.52, symbol DR on Toronto (Shares outstanding: 31.0 million; Market cap: $552.0 million, www.medicalfacilitiescorp.ca), owns majority interest in five specialty surgical hospitals in South Dakota, Indiana, Oklahoma and Arkansas, as well as an outpatient surgery clinic in California.


The specialty hospitals perform scheduled surgical, imaging and diagnostic procedures....

CANADIAN TIRE CORP. (Toronto symbols CTC $191 and CTC.A $142; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 71.6 million; Market cap: $10.2 billion; Price-to-sales ratio: 0.8; Divd. yield: 1.8%; TSINetwork Rating: Above Average; www.canadiantire.ca) owns 499 Canadian Tire stores across Canada....

Northwest Healthcare Properties REIT saw cash flow expand in adding to its holdings with $350 million in recent property acquisitions, including two Brazilian hospitals.

A: Freehold Royalties Ltd., $12.18, symbol FRU on Toronto (Shares outstanding: 117.8 million; Market cap: $1.4 billion; www.freeholdroyalties.com), holds the oil and natural gas rights on 6.2 million acres of land in Alberta, Saskatchewan, British Columbia, Manitoba and Ontario.


These reserves consist of natural gas (39% of the total), light crude oil (36%), heavy crude oil (19%) and natural gas liquids (6%).


Freehold collects royalties from oil and gas producers that operate over 42,000 wells on its land....