These updates will enhance your portfolio: Shawcor Ltd., Enbridge Inc. and Linamar Corp.

Article Excerpt

SHAWCOR LTD. $2.57 is still a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.2 million; Market cap: $180.4 million; Price-to-sales ratio: 0.2; Dividend suspended in March 2020; TSINetwork Rating: Average; makes sealants and coatings that keep oil and gas pipelines from rusting. It also manufactures industrial products such as electrical wire and protective sheaths. In the three months ended June 30, 2020, ShawCor’s revenue fell 35.4%, to $266.1 million from $411.8 million a year earlier. COVID-19 and lower crude prices prompted many pipeline operators to cut their spending on projects. Excluding unusual items—mainly costs related to the company’s plant closures and employee layoffs—the company lost $0.31 a share in the quarter. A year earlier, it earned $0.27 a share. ShawCor still expects its restructuring plan will cut its annual expenses by $60 million. It also plans to raise $40 million through asset sales. ENBRIDGE INC. $42 is a buy. The company (Toronto symbol ENB;…

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