Earnings rose 64.5% at Toromont Industries

Earnings rose 64.5% at Toromont Industries

This company’s shares hit a new all-time high of $111 in May 2021 as the spread of COVID-19 slowed and construction and mining firms began to accelerate their projects. The stock will likely keep moving higher as governments in Ontario and Quebec undertake new infrastructure… Read More

Rising backlog a plus for Toromont

TOROMONT INDUSTRIES LTD. $92 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.5 million; Market cap: $7.6 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in… Read More

Toromont’s rising backlog is a plus

TOROMONT INDUSTRIES LTD. $93 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.3 million; Market cap: $7.7 billion; Dividend yield: 1.3%; Dividend Sustainability Rating: Above Average; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada… Read More

They let you gain from commodity prices

Demand for heavy equipment, such as bulldozers and backhoes, is starting to improve as prices for oil and other commodities rebound with the global economy. That should help spur profits at these two equipment dealers.
FINNING INTERNATIONAL INC. $23 remains a buy. The company (Toronto symbol… Read More

Good time to add Loblaw to your portfolio

Loblaw’s supermarkets and its Shoppers Drug Mart stores continue to operate during the COVID-19 pandemic as governments consider them essential businesses. Despite additional payments to employees and costs for store cleaning, investors should expect the company’s earnings and dividend to rise in 2020.
The crisis is… Read More