stock split
A: The share price, in and of itself, is a somewhat arbitrary way to look at the worth of a stock.
For instance, CP Rail recently split its shares on a 5-for-1 basis. That means that its share price is now $90.86—rather than the $454.30 it would be if the split hadn’t occurred.
However, shareholders still hold an equivalent stake in the company—the market capitalization of CP Rail (shares outstanding times the current price) is unchanged.
Looking at TD Bank, $83.33, symbol TD on Toronto (Shares outstanding: 1.8 billion; Market cap: $151.5 billion; www.td.com), it’s noteworthy that it’s the only one of the Big Five banks to have a stock split in the last 10 years—the stock split 2-for-1 in 2014....
For instance, CP Rail recently split its shares on a 5-for-1 basis. That means that its share price is now $90.86—rather than the $454.30 it would be if the split hadn’t occurred.
However, shareholders still hold an equivalent stake in the company—the market capitalization of CP Rail (shares outstanding times the current price) is unchanged.
Looking at TD Bank, $83.33, symbol TD on Toronto (Shares outstanding: 1.8 billion; Market cap: $151.5 billion; www.td.com), it’s noteworthy that it’s the only one of the Big Five banks to have a stock split in the last 10 years—the stock split 2-for-1 in 2014....
GENERAL ELECTRIC CO. $105 is still a hold. The company (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.1 billion; Market cap: $115.5 billion; Price-to-sales ratio: 1.5; Dividend yield: 0.3%; TSINetwork Rating: Average; www.ge.com) continues to see rising demand for its jet engines and other industrial equipment as COVID-19 shutdowns ease....
CP recently lost out to CN Railway in its bid to take over U.S. railway Kansas City Southern. But CP showed strong discipline in not over-bidding—plus, it pocketed a $750 million U.S. break-up fee from Kansas City Southern after that firm accepted the rival offer....
CANADIAN PACIFIC RAILWAY LTD. $90 is your #1 Conservative stock for 2021. The company (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 666.6 million; Market cap: $60.0 billion; Price-to-sales ratio: 7.9; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.cpr.ca) transports freight over a 23,700-kilometre rail network between Montreal and Vancouver, and to its hubs in the U.S....
SHERWIN-WILLIAMS CO. $241 is a still hold. The company (New York symbol SHW; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 267.6 million; Market cap: $64.5 billion; Price-to-sales ratio: 3.5; Dividend yield: 0.9%; TSINetwork Rating: Above Average; www.sherwin-williams.com) continues to benefit from strong demand for its paints as the COVID-19 pandemic encourages people to work on home improvement projects.
In the quarter ended December 31, 2020, Sherwin’s sales rose 9.1%, to $4.15 billion from $4.04 billion a year earlier....
In the quarter ended December 31, 2020, Sherwin’s sales rose 9.1%, to $4.15 billion from $4.04 billion a year earlier....
A: When a company splits its shares, it is simply cutting itself up into a different number of pieces, without changing its fundamental value. It wants its stock to trade in a price-per-share range that seems reasonable to investors.
Mechanics of a split: If a stock’s price rises much beyond $50 a share in Canada (or $100 a share in the U.S.), some investors may shun it since it seems expensive....
Mechanics of a split: If a stock’s price rises much beyond $50 a share in Canada (or $100 a share in the U.S.), some investors may shun it since it seems expensive....
A: Fastenal Company, $44.02, symbol FAST on Nasdaq (Shares outstanding: 574.1 million; Market cap: $25.4 billion; www.fastenal.com), is a leading wholesale distributor of industrial and construction supplies....
A: Edwards Lifesciences, $83.54, symbol EW on New York (Shares outstanding: 621.7 million; Market cap: $51.6 billion; www.edwards.com) is focused on developing technologies and products that treat structural heart disease and critically ill patients....
Value stock investing pointers: look at goodwill and investment quality, and look beyond financial indicators
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