IGM FINANCIAL INC. $46 – Toronto symbol IGM

IGM FINANCIAL INC. $46 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 255.1 million; Market cap: $11.7 billion; Price-to-sales ratio: 3.7; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www. igmfinancial.com) is Canada’s largest independent mutual fund company. Power Financial owns 58.7% of IGM.

As… Read More

Go beyond the big banks with these three

High-quality stocks like Great-West and IGM are a great way to diversify your Finance sector holdings beyond Canada’s big five banks. If you can accept the added risk, we also like Home Capital Group (see box). GREAT-WEST LIFECO INC. $31 (Toronto symbol GWO; Conservative Growth… Read More

The Successful Investor Hotline – Friday, July 5, 2013

TRANSCANADA CORP., $45.59, Toronto symbol TRP, has completed the purchase of a solar power facility in Brockville, Ontario, from Canadian Solar (Nasdaq symbol CSIQ).

This is the first part of TransCanada’s agreement to buy nine Ontario solar power stations from Canadian Solar. The company expects to… Read More

How to keep calm when others panic

Not everybody is happy with the agreement on Greece’s national debt that was reached after much hard bargaining. But it didn’t exactly bring world stock markets crashing into the abyss, either—although many predicted just such a disaster. That gives it a resemblance to the Y2K… Read More

The Successful Investor Hotline – Friday, February 27, 2009

NOVA CHEMICALS CORP., $7.03, Toronto symbol NCX, has accepted a friendly takeover offer from International Petroleum Investment Co., which is owned by the government of Abu Dhabi (Abu Dhabi is the capital city of the United Arab Emirates.) Nova shareholders will get $6.00 U.S. a.. Read More

State Street Corp. $59 – New York symbol STT

STATE STREET CORP. $59 (New York symbol STT; Aggressive Growth Portfolio, Finance sector; WSSF Rating: Average) provides custodial, research, accounting and other services to large institutional investors, such as pension plans and mutual funds.

The company gets about 80% of its revenue from management and other… Read More

Events Rattle Markets and Managers

Uncertainty over interest rates, oil prices and the Mideast situation has hurt world equity markets in the past few months. However, we feel that this is a temporary setback, and not the start of a protracted bear market.

These three investment firms earn much of their… Read More