spin off
MDU RESOURCES GROUP INC. $20 is a hold. The company (New York symbol MDU; Utilities sector; Shares outstanding: 203.6 million; Market cap: $4.1 billion; Dividend yield: 2.6%; Takeover Target Rating: Medium; www.mdu.com) generates and distributes electrical power to residential and commercial customers in Montana, North Dakota, South Dakota, and Wyoming....
TORONTO-DOMINION BANK, $81.01, Toronto symbol TD, is a buy.
The bank is now raising your quarterly dividend by 6.3%. Starting with the January 2024 payment, investors will receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.0%.
TD continues to benefit from rising interest rates, which is letting it earn higher interest income on its loans....
The bank is now raising your quarterly dividend by 6.3%. Starting with the January 2024 payment, investors will receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.0%.
TD continues to benefit from rising interest rates, which is letting it earn higher interest income on its loans....
Consumers are spending less on furniture in response to higher interest rates and inflation. However, Leon’s strong brands will help its sales rebound with the economy. Its plan to spin off its real estate holdings as a REIT will also unlock hidden value.
LEON’S FURNITURE LTD....
LEON’S FURNITURE LTD....
BANK OF NOVA SCOTIA, $61.00, Toronto symbol BNS, remains a buy.
Due to the current economic uncertainty as a result of higher interest rates and inflation, Bank of Nova Scotia set aside $1.26 billion to cover future loan losses in its fiscal 2023 fourth quarter, ended October 31, 2023....
Due to the current economic uncertainty as a result of higher interest rates and inflation, Bank of Nova Scotia set aside $1.26 billion to cover future loan losses in its fiscal 2023 fourth quarter, ended October 31, 2023....
LOBLAW COMPANIES LTD., $121.67, 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....
SUNCOR ENERGY INC., $46.33, Toronto symbol SU, remains a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the December 2023 payment, Suncor will raise your quarterly dividend by 4.8%, to $0.545 a share from $0.53....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the December 2023 payment, Suncor will raise your quarterly dividend by 4.8%, to $0.545 a share from $0.53....
CISCO SYSTEMS INC., $47.76, Nasdaq symbol CSCO, is still a buy.
Through the stock, investors tap a global producer of hardware and software that links and manages computer networks.
The company reported stronger-than-expected earnings and revenue for its latest quarter....
Through the stock, investors tap a global producer of hardware and software that links and manages computer networks.
The company reported stronger-than-expected earnings and revenue for its latest quarter....
You Can See Our Spinoff Stock Portfolio For December 2023 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....
Under pressure from activist investor Elliott Management, Western Digital will now break itself into two separate firms—one will make traditional computer hard drives, and the other will focus on flash memory products. (Manufacturers of mobile phones, digital cameras and other devices use flash chips to retain information without power.)
The company originally acquired flash chipmaker SanDisk in 2016 for $19.0 billion as part of a plan to diversify its operations.
However, integrating this new business was more difficult than it expected....
CGI INC., $137.75, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2023.
The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....
The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....