spin off
MAPLE LEAF FOODS INC. $22 (www.mapleleaffoods.com) is a hold. The company plans to spin off its pork processing business as a separate firm in 2025. It raises and processes hogs and accounts for 32% of Maple Leaf’s total sales....
You Can See Our Spinoff Stock Portfolio For September 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....
MOLSON COORS CANADA INC. $73 (www.molsoncoors.com) is still a hold. The beer brewer’s sales in the quarter ended June 30, 2024, fell 0.4%, to $3.25 billion from $3.27 billion a year earlier (all amounts except share price in U.S....
TRISURA GROUP LTD., $40.49, symbol TSU on Toronto, took its current form on June 22, 2017, when Brookfield Asset Management Inc. (now Brookfield Corp.) spun off its specialty insurance business as Trisura. Investors received one Trisura share for every 170 Brookfield shares they held.
Trisura provides specialty insurance and services not available through traditional insurers....
Trisura provides specialty insurance and services not available through traditional insurers....
YUM! BRANDS INC., $136.79, New York symbol YUM, is a buy for aggressive investors.
The company operates over 59,000 restaurants in more than 155 countries. Its main banners are KFC (fried chicken), Pizza Hut and Taco Bell (Mexican food). Franchisees now operate 98% of outlets.
Yum opened 894 gross new outlets (it did not report store closures) in the second quarter of 2024....
The company operates over 59,000 restaurants in more than 155 countries. Its main banners are KFC (fried chicken), Pizza Hut and Taco Bell (Mexican food). Franchisees now operate 98% of outlets.
Yum opened 894 gross new outlets (it did not report store closures) in the second quarter of 2024....
SUNCOR ENERGY INC., $54.48, Toronto symbol SU, is 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 over 1,800 Petro-Canada gas stations.
Suncor’s average daily oil production in the three months ended June 30, 2024, rose 3.9%, to 770,600 barrels a day from 741,900 a year earlier....
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 over 1,800 Petro-Canada gas stations.
Suncor’s average daily oil production in the three months ended June 30, 2024, rose 3.9%, to 770,600 barrels a day from 741,900 a year earlier....
CANADIAN PACIFIC KANSAS CITY LTD., $109.26, 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....
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....
TC Energy gets most of its revenue from rate-regulated operations. That makes it easier to recoup the cost of new projects and upgrade existing assets; it also cuts your risk. Meanwhile, later this year, the company plans to spin off its oil pipelines division to shareholders as South Bow Corp....
You Can See Our Spinoff Stock Portfolio For August 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....
Spinoffs are a great way for companies to boost shareholder value. Here’s our take on two spinoffs coming up in the second half of 2024.
BAXTER INTERNATIONAL INC. $36 is a buy. The company (New York symbol BAX; Manufacturing sector; Shares o/s: 507.8 million; Market cap: $18.3 billion; Dividend yield: 3.2%; Takeover Target Rating: Medium; www.baxter.com) makes a variety of medical devices, including intravenous pumps and kidney-dialysis equipment.
Under a new strategy to narrow its focus to specialized equipment for hospitals, including intensive-care-unit beds, operating tables, patient monitoring equipment and electronic diagnostic systems, Baxter is shedding some of its other businesses.
As part of that strategy, Baxter plans to spin off later this year its Renal Care and Acute Therapies unit as a separate firm called Vantive....
BAXTER INTERNATIONAL INC. $36 is a buy. The company (New York symbol BAX; Manufacturing sector; Shares o/s: 507.8 million; Market cap: $18.3 billion; Dividend yield: 3.2%; Takeover Target Rating: Medium; www.baxter.com) makes a variety of medical devices, including intravenous pumps and kidney-dialysis equipment.
Under a new strategy to narrow its focus to specialized equipment for hospitals, including intensive-care-unit beds, operating tables, patient monitoring equipment and electronic diagnostic systems, Baxter is shedding some of its other businesses.
As part of that strategy, Baxter plans to spin off later this year its Renal Care and Acute Therapies unit as a separate firm called Vantive....