Updating ATCO, IGM Financial and Andrew Peller

Article Excerpt

ATCO LTD. (Toronto symbols ACO.X [class I non-voting] $61 and ACO.Y [class II voting] $60; Income Portfolio, Utilities sector; Shares outstanding: 58.1 million; Market cap: $3.5 billion; Price-to-sales ratio: 1.1; Dividend yield: 1.7%; TSINetwork Rating: Above Average; www.atco.com) has won a new, three-year contract to provide emergency services to NATO forces at the Kandahar airfield in Afghanistan. These services include rescuing aircrew in the event of a crash or fire and operating ambulances. The company did not reveal the contract’s value. Operating in Afghanistan entails considerable risk. However, ATCO has a long history of building structures and providing support services to NATO and the Canadian military. ATCO is a buy. The cheaper, more liquid class I non-voting shares are the better choice. IGM FINANCIAL INC. $43 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 261.3 million; Market cap: $11.2 billion; Priceto- sales ratio: 4.6; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.igmfinancial.com) reported that its clients redeemed $171.4…

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