spin off
LOBLAW COMPANIES LTD., $144.60, Toronto symbol L, is a buy.
The company operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
The company operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
You Can See Our Spinoff Stock Portfolio For March 2024 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees....
The shares of contract manufacturer Flex (formerly called Flextronics International) traded in a narrow range for most of the past 10 years. However, the stock started to move up in late 2022 when the company announced that it would spin off its solar panel tracking business, called Nextracker.
As with most spinoffs, we feel this split will ultimately benefit both companies....
As with most spinoffs, we feel this split will ultimately benefit both companies....
HOWARD HUGHES HOLDINGS INC. $76 is a hold. The company (New York symbol HHH; Manufacturing sector; Shares outstanding: 50.1 million; Market cap: $3.8 billion; No dividend paid; Takeover Target Rating: Medium; www.howardhughes.com) was originally part of billionaire businessman Howard Hughes’ real estate holdings....
Shares of medical device maker Baxter have dropped 7% in the past six months. The decline reflects investor fears that new GLP-1 diabetes drugs, such as Ozempic, will hurt demand for Baxter’s kidney dialysis equipment (diabetes contributes to kidney disease)....
MCDONALD’S CORP., $289.47, New York symbol MCD, is your #1 Conservative Buy for 2024.
The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.
McDonald’s continues to benefit from strong U.S....
The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.
McDonald’s continues to benefit from strong U.S....
TC ENERGY CORP. $51 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.03 billion; Market cap: $52.5 billion; Price-to-sales ratio: 3.3; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.tcenergy.com) operates a pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....
CANADIAN PACIFIC KANSAS CITY LTD., $112.09, Toronto symbol CP, is your #1 Conservative Buy for 2024.
The company took its current form in April 2023 when it acquired U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S. in cash and shares for KCS....
The company took its current form in April 2023 when it acquired U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S. in cash and shares for KCS....
MCDONALD’S CORP., $292.30, New York symbol MCD, is your #1 Conservative Buy for 2024.
The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.
This is the third year in a row we’ve picked McDonald’s as your #1 Conservative Buy....
The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.
This is the third year in a row we’ve picked McDonald’s as your #1 Conservative Buy....
The shares of industrial conglomerate General Electric have gained 55% since it decided to split into three separate firms in November 2021. The company now expects to complete the final spinoff in April 2024. While the breakup should ultimately benefit investors, the recent healthcare equipment spinoff is your better choice for new buying.
GENERAL ELECTRIC CO....
GENERAL ELECTRIC CO....