Updates on ATLANTIC TELE-NETWORK and INTACT FINANCIAL CORP.

ATLANTIC TELE-NETWORK $43.57 (Nasdaq symbol ATNI; TSINetwork Rating: Speculative) (340- 777-8000; www.atni.com; Shares outstanding: 15.6 million; Market cap: $676.7 million; Yield: 2.3%) has agreed to sell its Alltel wireless business to AT&T (symbol T on New York) for cash of $780 million. In April 2010,… Read More

Stock Pickers Digest Hotline – Friday, February 8, 2013

INTACT FINANCIAL CORP., $63.55, symbol IFC on Toronto, is Canada’s largest provider of property and casualty insurance, based on premiums. Its brands include Intact Insurance, Canada BrokerLink, belairdirect and Grey Power.

In the three months ended December 31, 2012, Intact’s revenue rose 7.2%, to $1.69… Read More

INTACT FINANCIAL CORP. $63.01 – Toronto symbol IFC

INTACT FINANCIAL CORP. $63.01 (Toronto symbol IFC; TSINetwork Rating: Speculative) (416-341- 1464; www.intactfc.com; Shares outstanding: 133.3 million; Market cap: $8.4 billion; Dividend yield: 2.8%) is Canada’s largest provider of property and casualty insurance, based on premiums. Its brands include Intact Insurance, Canada BrokerLink, belairdirect and… Read More

Updating THE WESTAIM CORP., POTASH CORP. OF SASKATCHEWAN

THE WESTAIM CORP. $0.03 (www.westaim.com) has completed its sale of wholly owned subsidiary Jevco Insurance, which sells insurance to high-risk drivers. Westaim distributed the proceeds of $0.75 a share to its shareholders as a return of capital. As a result, this distribution is tax-deferred: you… Read More

THE WESTAIM CORP. $0.03 – Toronto symbol WED

THE WESTAIM CORP. $0.03 (www.westaim.com) has completed its sale of wholly owned subsidiary Jevco Insurance, which sells insurance to high-risk drivers. Westaim distributed the proceeds of $0.75 a share to its shareholders as a return of capital. As a result, this distribution is tax-deferred: you… Read More

The Successful Investor Hotline – Friday, August 17, 2012

AGRIUM INC., $98.86, Toronto symbol AGU, rose 2% this week on news that activist investment firm Jana Partners LLC now owns roughly 4% of Agrium’s stock.

This is the same company that pressured McGraw-Hill (New York symbol MHP) to split itself into two new firms: one… Read More

The Successful Investor Hotline – Friday, June 1, 2012

CGI GROUP INC., $23.37, Toronto symbol GIB.A, jumped 13% this week after it agreed to buy Logica plc, a U.K.-based firm that provides computer outsourcing services in 36 countries. Logica gets 60% of its sales from the U.K. government.

CGI will pay roughly $2.8 billion for… Read More

Stock Pickers Digest Hotline – Friday, May 4, 2012

CHESAPEAKE ENERGY CORP., $17.39, symbol CHK on New York, is down about 50% from its high of $35.75 last August. That’s largely because natural gas prices have fallen to near 10-year lows.

However, the drop has accelerated lately, partly on news that the company’s co-founder, CEO… Read More

The Successful Investor Hotline – Friday, May 4, 2012

THE WESTAIM CORP., $0.73, Toronto symbol WED, owns Jevco Insurance Co., which sells insurance to high-risk drivers, as well as owners of motorcycles, snowmobiles and recreational vehicles. Jevco operates in Ontario, Quebec and Alberta. Westaim bought Jevco for $264.2 million in March 2010.

Westaim jumped 9%… Read More