spin off
TECK RESOURCES LTD., $59.27, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The stock jumped over 20% this week after the company rejected an unsolicited takeover offer from Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF).
Glencore proposed to buy Teck for about $23 billion U.S....
The stock jumped over 20% this week after the company rejected an unsolicited takeover offer from Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF).
Glencore proposed to buy Teck for about $23 billion U.S....
CINTAS CORP., $462.68, Nasdaq symbol CTAS, remains a buy for aggressive investors.
The company designs and makes uniforms, then sells them to businesses, mainly in North America. It also offers related products and services such as office-cleaning and first-aid kits.
Cintas continues to benefit as more businesses, particularly airlines and hotels, re-open....
The company designs and makes uniforms, then sells them to businesses, mainly in North America. It also offers related products and services such as office-cleaning and first-aid kits.
Cintas continues to benefit as more businesses, particularly airlines and hotels, re-open....
You Can See Our Spinoff Stock Portfolio For April 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....
These two recent spinoffs should pay off for investors over the next few years. However, the increasing likelihood of an economic slowdown this year will depressed their share prices in the short term.
LITHIUM AMERICAS CORP. $28 is a hold, but only for highly aggressive investors. The company (Toronto symbol LAC; Resources sector; 151.1 million; Market cap: $4.2 billion; No dividend paid; Takeover Target Rating: Medium; www.lithiumamericas.com) plans to split its operations into two separate, publicly traded firms....
LITHIUM AMERICAS CORP. $28 is a hold, but only for highly aggressive investors. The company (Toronto symbol LAC; Resources sector; 151.1 million; Market cap: $4.2 billion; No dividend paid; Takeover Target Rating: Medium; www.lithiumamericas.com) plans to split its operations into two separate, publicly traded firms....
Mining firm Teck Resources recently announced that it will spin off its metallurgical coal (used for making steel) operations. It also recently sold its stake in an oil sands project.
These moves are part of its plan to focus on “low carbon metals,” particularly copper and zinc....
These moves are part of its plan to focus on “low carbon metals,” particularly copper and zinc....
CAMPBELL SOUP CO., $52.51, New York symbol CPB, is a buy for long-term gains.
Under its new strategic plan, which began in 2018, Campbell sold most of its international and refrigerated-foods businesses. That let it focus on canned soups, pasta and V8 vegetable juices....
Under its new strategic plan, which began in 2018, Campbell sold most of its international and refrigerated-foods businesses. That let it focus on canned soups, pasta and V8 vegetable juices....
TECK RESOURCES LTD., $52.81, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The company now plans to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate, publicly-traded company called Elk Valley Resources Ltd....
The company now plans to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate, publicly-traded company called Elk Valley Resources Ltd....
You can see our Spinoff Stock Portfolio for March 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....
NEWMONT CORP., $47.98, New York symbol NEM, remains a buy, for your long-term growth and as a hedge against inflation.
The stock gives you exposure to the world’s largest gold miner following Newmont’s April 2019 acquisition of Vancouver-based Goldcorp Inc....
The stock gives you exposure to the world’s largest gold miner following Newmont’s April 2019 acquisition of Vancouver-based Goldcorp Inc....
TRANSCONTINENTAL INC. $15 is still a buy for aggressive investors. The company (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 86.9 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.5; Dividend yield: 6.0%; TSINetwork Rating: Average; www.tctranscontinental.com) is Canada’s leading commercial printer....