recent acquisitions
A: Henry Schein Inc., $74.67, symbol HSIC on New York (Shares outstanding: 128.5 million; Market cap: $9.5 billion; www.henryschein.com), is the world’s largest provider of health-care products and services to doctors and dentists.
The company has more than one million customers worldwide and operations in 33 countries, including the U.S., Canada, and the U.K.
Schein manages a centralized and automated distribution network, with a selection of more than 120,000 branded products, and an additional 180,000 products available as special-order items.
The company conducts its business through two segments: (i) health-care distribution and (ii) technology and value-added services....
The company has more than one million customers worldwide and operations in 33 countries, including the U.S., Canada, and the U.K.
Schein manages a centralized and automated distribution network, with a selection of more than 120,000 branded products, and an additional 180,000 products available as special-order items.
The company conducts its business through two segments: (i) health-care distribution and (ii) technology and value-added services....
INTERNATIONAL FLAVORS & FRAGRANCES INC. $77 remains a buy for long-term gains. The company (New York symbol IFF; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 255.3 million; Market cap: $19.7 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.iff.com) makes compounds that improve the taste of food and the smell of consumer products.
Due to slowing volumes as its customers use up their existing inventories and the negative impact of rising interest rates, IFF wrote down the value of recent acquisitions by $2.6 billion.
If you exclude that charge and other unusual item, IFF’s earnings in the three months ended December 31, 2023, fell 29.0%, to $0.22 a share (or a total of $56 million) from $0.31 a share (or $78 million) a year earlier....
Due to slowing volumes as its customers use up their existing inventories and the negative impact of rising interest rates, IFF wrote down the value of recent acquisitions by $2.6 billion.
If you exclude that charge and other unusual item, IFF’s earnings in the three months ended December 31, 2023, fell 29.0%, to $0.22 a share (or a total of $56 million) from $0.31 a share (or $78 million) a year earlier....
BROADRIDGE FINANCIAL SOLUTIONS INC., $198.98, is a buy. The company, symbol BR on New York, serves the investment industry in three main areas: investor communications, securities processing, and transaction clearing.
Broadridge is best known for processing and distributing proxies and regulatory filings for nearly every publicly traded U.S....
Broadridge is best known for processing and distributing proxies and regulatory filings for nearly every publicly traded U.S....
FAIR ISAAC CORP., $1,255.30, is a buy for our subscribers. Investors in this stock draw gains from a company (symbol FICO on New York) best known for its FICO Scores software. It lets lenders make better decisions about customer creditworthiness. Fair Isaac also makes programs that help credit-card issuers reduce fraud and analyze the spending patterns of cardholders.
For the quarter ended December 31, 2023, revenue rose 10.8%, to $382.1 million from $344.9 million a year earlier....
For the quarter ended December 31, 2023, revenue rose 10.8%, to $382.1 million from $344.9 million a year earlier....
CANADIAN NATIONAL RAILWAY CO., $166.65, Toronto symbol CNR, remains a buy.
CN operates Canada’s largest railway. Its 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
The company’s revenue in the fourth quarter of 2023 fell 1.6%, to $4.47 billion from $4.54 billion a year earlier....
CN operates Canada’s largest railway. Its 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
The company’s revenue in the fourth quarter of 2023 fell 1.6%, to $4.47 billion from $4.54 billion a year earlier....
ACI WORLDWIDE INC., $30.31, is a buy. Through the stock (symbol ACIW on Nasdaq), investors tap this leading provider of software for processing transactions. That includes credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems....
In April 2020, RTX Corp. (formerly Raytheon Technologies Corp.) (New York symbol RTX) spun off Carrier and Otis as separate companies. So far, Carrier has soared over 290%, while Otis has gained an impressive 95%. We feel their recent acquisitions set them up for even more gains.
CARRIER GLOBAL CORP....
CARRIER GLOBAL CORP....
In the past few years, many well-established conglomerates, such as General Electric and Danaher, have spun off some of their smaller businesses to help eliminate a “holding company discount.”
Honeywell did the same in October 2018, spinning off its building products business (called Resideo)....
Honeywell did the same in October 2018, spinning off its building products business (called Resideo)....
ENBRIDGE INC., $47.47, Toronto symbol ENB, is a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario and Quebec.
With the March 2024, payment, Enbridge will raise your quarterly dividend by 3.1%....
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario and Quebec.
With the March 2024, payment, Enbridge will raise your quarterly dividend by 3.1%....
Royal Bank’s shares are down roughly 17% from their recent peak of $140 in February 2023. That’s mainly due to fears that higher interest rates will hurt new loan demand and lead to more writedowns of its current loans.
However, banking regulators have toughened lending standards and mortgage stress-test levels in the past few years....
However, banking regulators have toughened lending standards and mortgage stress-test levels in the past few years....