spin off
A key reason why spinoffs tend to work out well is because investors prefer “pure-play” firms that they can more easily evaluate and compare to other stocks.
Iconic food maker Maple Leaf Foods now plans to set up its less-profitable hog processing business as a separate, publicly traded firm....
CONAGRA BRANDS INC., $28.35, New York symbol CAG, is still a buy for long-term gains.
Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Birds Eye frozen meals, Orville Redenbacher popcorn and Reddi-wip whipped cream.
The company reported weaker-than-expected sales for its latest quarter, as cost-conscious consumers switch to cheaper alternatives....
Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Birds Eye frozen meals, Orville Redenbacher popcorn and Reddi-wip whipped cream.
The company reported weaker-than-expected sales for its latest quarter, as cost-conscious consumers switch to cheaper alternatives....
MAPLE LEAF FOODS INC. $25 is a hold. The company (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 122.8 million; Market cap: $3.1 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.5%; TSINetwork Rating: Average; www.mapleleaffoods.com) plans to spin off its pork processing business as a separate firm....
GREAT-WEST LIFECO, $39.95 (Toronto symbol GWO; shares outstanding: 932.4 million; Market cap: $37.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial....
You Can See Our Spinoff Stock Portfolio For July 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....
ILLUMINA INC. $108 is a hold. The company (Nasdaq symbol ILMN; Manufacturing sector; Shares outstanding: 159.3 million; Market cap: $17.2 billion; No dividend paid; Takeover Target Rating: Medium; www.illumina.com) makes laboratory equipment that helps medial researches sequence and map genomes, and screen for various diseases.
In August 2021, the company acquired Grail, which specializes in cancer-detection technology....
In August 2021, the company acquired Grail, which specializes in cancer-detection technology....
TC ENERGY INC., $53.25, Toronto symbol TRP, is a buy.
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.
With the April 2024 payment, TC raised your quarterly dividend by 3.2%....
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.
With the April 2024 payment, TC raised your quarterly dividend by 3.2%....
TC ENERGY CORP. $54 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.03 billion; Market cap: $55.6 billion; Price-to-sales ratio: 3.4; Dividend yield: 7.1%; TSINetwork Rating: Above Average; www.tcenergy.com) has seen its shares rise 18% since it indicated in July 2023 that it would spin off its oil pipelines business (called South Bow Corp., symbol SOBO)....
TC ENERGY INC., $54.18, Toronto symbol TRP, is a buy.
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.
The company’s shareholders have now approved a plan to spin off the oil pipeline business as separate company South Bow Corp....
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.
The company’s shareholders have now approved a plan to spin off the oil pipeline business as separate company South Bow Corp....
High-quality utility stocks, with their high dividend yields and steady or rising income streams, tend to be sensitive to interest rate increases. TC Energy is no exception. The rise in interest rates in the past couple of years helped push its share price down nearly 30%.
The outlook for interest rates is still uncertain, but TC now offers an attractive buying opportunity, starting with its sustainable dividend yield of 7.4%....
The outlook for interest rates is still uncertain, but TC now offers an attractive buying opportunity, starting with its sustainable dividend yield of 7.4%....