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These two subsidiaries of Power Corp. are re-focusing on their main businesses. That should appeal to investors, who tend to prefer pure-play companies. Even so, we feel IGM is the better buy right now.
GREAT-WEST LIFECO INC. $39 is a hold. The company (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 932.4 million; Market cap: $36.4 billion; Dividend yield: 5.7%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer after Manulife Financial....
GREAT-WEST LIFECO INC. $39 is a hold. The company (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 932.4 million; Market cap: $36.4 billion; Dividend yield: 5.7%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer after Manulife Financial....
REALTYMOGUL APARTMENT GROWTH REIT is a private REIT (more on those below) with around $263 million in assets. The company pays quarterly distributions that yield a high 4.5%. The REIT has a 1.25% management fee.
RealtyMogul invests in apartment buildings; it currently owns nine properties in seven U.S....
RealtyMogul invests in apartment buildings; it currently owns nine properties in seven U.S....
A: Teva Pharmaceutical Industries Ltd., $16.51, symbol TEVA on New York (Shares outstanding: 1.1 billion; Market cap: $19.0 billion; www.tevapharm.com), is a global pharmaceutical company that produces generic and branded biopharmaceutical medicines....
BOEING CO., $176.56, New York symbol BA, is still a hold.
The company delivered 131 commercial jetliners in the five months ended May 31, 2024, down from 206 a year earlier.
That drop is mainly due to quality control problems with its 737 Max planes....
The company delivered 131 commercial jetliners in the five months ended May 31, 2024, down from 206 a year earlier.
That drop is mainly due to quality control problems with its 737 Max planes....
ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.
The company, Toronto symbols ADW.A (non-voting) $3.79 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.
In its fiscal 2024 fourth quarter, ended March 31, 2024, Peller’s sales rose 9.4%, to $85.01 million from $77.71 million a year earlier....
The company, Toronto symbols ADW.A (non-voting) $3.79 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.
In its fiscal 2024 fourth quarter, ended March 31, 2024, Peller’s sales rose 9.4%, to $85.01 million from $77.71 million a year earlier....
Intact Financial is now close to its recent, all-time high—and the shares are up a spectacular 411% since we first recommended them at $42.95 in our April 2010 issue. We think this Power Buy is poised to keep moving even higher for you, our subscribers.
INTACT FINANCIAL, $219.30, is a Power Buy. The insurer (Toronto symbol IFC; TSINetwork Rating: Average) (www.intactfc.com; Shares outstanding: 178.3 million; Market cap: $39.1 billion; Dividend yield: 2.2%) is Canada’s largest provider of property and casualty coverage: it insures more than five million individuals and businesses....
To unlock value for investors, on November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum). For every three of the old shares investors held, they received three shares in Arconic and one in Alcoa.
Arconic Inc....
Arconic Inc....
Activist investor Elliott Management has a long history of improving value at undervalued companies. The firm is now targeting these three companies. We agree with its opinion on Texas Instruments and Johnson Controls but would avoid Southwest Airlines.
TEXAS INSTRUMENTS INC....
NVENT ELECTRIC PLC, $78.55, symbol NVT on New York, makes stainless steel, aluminum and non-metallic covers and enclosures for electrical equipment, as well as electrical connections. Some of the company’s brands date back over 100 years and include Caddy, Erico, Hoffman, Raychem, Schroff and Tracer....
Closed-end funds work with a fixed asset base invested in a portfolio of securities. The value of their assets rises and falls depending on how they invest. Their units trade like stocks, and most often on a stock exchange.
They may trade above the per-unit value of the investments they hold—or, as brokers say, “at a premium” to their net asset value....
They may trade above the per-unit value of the investments they hold—or, as brokers say, “at a premium” to their net asset value....