Toronto symbol TIH, is one of the world's largest Caterpillar dealerships. It also makes compression systems for natural gas, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems.
TOROMONT INDUSTRIES LTD. $73 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.8 million; Market cap: $6.0 billion; Price-to-sales ratio: 1.6; Dividend yield: 1.7%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in… Read More
TORSTAR CORP. $0.43 (www.torstar.com) remains a hold, but only for highly aggressive investors. The company continues to sell less-important assets in response to falling advertising revenue at its flagship newspaper, The Toronto Star, and its other daily and weekly papers in Ontario. It recently sold City Parent,… Read More
The acquisition of a major competitor and stronger demand for its sales support services led to a 27.6% jump in earnings for this company during the most-recent quarter.
The stock has gained over 35% since the company announced that purchase, which geographically complements existing operations and… Read More
TOROMONT INDUSTRIES LTD. $60 (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.5 million; Market cap: $5.0 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.8%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a broad range of industrial equipment (such as bulldozers, backhoe loaders and drills),… Read More
TOROMONT INDUSTRIES LTD. $69 (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares o/s: 81.2 million; Market cap: $5.6 billion; P/S ratio: 1.6; Divd yield: 1.6%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a broad range of industrial equipment, including Caterpillar machinery, in eastern Canada. It… Read More
The distribution of Caterpillar machinery in Eastern Canada is now a core part of this industrial supplier’s business following a 2017 acquisition.
Revenue is up 54.1% in the most recent quarter and the stock trades at 18 times the forecast earnings. The company has also raised… Read More
The shares of Finning and Toromont have moved down lately in response to lower commodity prices. However, recent acquisitions put both companies in a strong position to expand their earnings when commodity prices rebound.
FINNING INTERNATIONAL INC. $25 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry… Read More
These two distributors of Caterpillar heavy equipment continue to see strong cyclical demand for their products. That has pushed up their share prices, but these stocks are still attractive in relation to their projected earnings.
FINNING INTERNATIONAL INC. $32 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing &… Read More
LISTEN:
TOROMONT INDUSTRIES LTD. $66 (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares o/s: 81.3 million; Market cap: $5.4 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Above Average;… Read More
TOROMONT INDUSTRIES LTD. $66 (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares o/s: 81.3 million; Market cap: $5.4 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Above Average; www.toromont.com) distributes a broad range of industrial equipment, including machinery made by Caterpillar. It also makes refrigeration… Read More
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