Thomson still appealing after jump

Article Excerpt

THOMSON REUTERS CORP. $87 (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 500.5 million; Market cap: $43.5 billion; Price-to-sales ratio: 7.8; Divd. yield: 2.2%; TSINetwork Rating: Above Average; www.thomsonreuters.com) has jumped 36% since it sold 55% of its Refinitiv financial information business on October 1, 2018, for $17 billion (all amounts except share price and market cap in U.S. dollars). The company now focuses on the legal, and tax and accounting fields, and its Reuters news service. Thomson shares seem expensive at 34.8 times its projected 2020 earnings of $1.91 a share. However, its new focus on selling software plus content should spur its revenue by 3.5% to 4.5% annually. Cost savings at Refinitiv should also boost earnings. Thomson Reuters is still a buy for long-term gains. gains. …

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