Barrick targets Newmont

NEWMONT MINING $34.02 (New York symbol NEM; Shares outstanding: 532.7 million; Market cap: $18.1 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.newmont.com) is now the subject of a takeover bid by Barrick Gold (symbol ABX on Toronto). Barrick is offering 2.5694 of its shares for each Newmont share.
The… Read More

Shrewd acquisitions spur Genuine Parts

GENUINE PARTS CO. $109 (New York symbol GPC; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 146.8 million; Market cap: $16.0 billion; Price-to-sales ratio: 0.9; Dividend yield: 2.8%; TSINetwork Rating: Average; www.genpt.com) sells replacement auto parts through company-owned stores (under the NAPA banner) and independent outlets in… Read More

Profit from hidden value

By “hidden value,” we mean a company’s valuable assets that fail to get the attention they deserve. That can include, for example, its brand names, loyal clientele or real estate. When those assets are largely ignored, or hidden, the company’s shares trade for less than… Read More