Savvy acquisitions lift Fortis

Dear client:
Since 2004, Fortis has successfully used acquisitions to speed up its growth. Generally, we feel it pays to take a skeptical view of firms that use that strategy to fuel their expansion. That’s because hidden problems with new businesses can limit any expected profit… Read More

Savvy acquisitions lift Fortis

From June, 2017 TSI Dividend Advisor Issue:

Since 2004, Fortis has successfully used acquisitions to speed up its growth. Generally, we feel it pays to take a skeptical view of firms that use that strategy to fuel their expansion. That’s because hidden problems with new businesses… Read More

FORTIS INC. $45

It pays to take a skeptical view of companies that use acquisitions to expand. Unforeseen problems with these new operations can limit expected profit increases. In extreme cases, multiple problems can force the buyer to write off the entire purchase.

Of course, some companies do… Read More

Smarter growth by acquisition

It pays to take a skeptical view of companies that use acquisitions to expand. Unforeseen problems with these new operations can limit expected profit increases. In extreme cases, multiple problems can force the buyer to write off the entire purchase.

Of course, some companies do… Read More

FORTIS INC. $36 – Toronto symbol FTS

FORTIS INC. $36 (Toronto symbol FTS; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 277.5 million; Market cap: $10.0 billion; Price-to-sales ratio: 1.7; Dividend yield 3.8%; TSINetwork Rating: Above Average; www.fortisinc.com) began supplying electricity to St. John’s, Newfoundland, in 1885. The company is… Read More

Acquisitions work for Fortis

Thanks to a series of strategic acquisitions, Fortis’s assets have jumped from $4.6 billion in 2005 to $28.0 billion today.

Expanding by acquisition is usually riskier than internal growth. That’s because new businesses often come with unexpected problems and costs that can offset the extra… Read More