Updating WESTERN UNION CO., INVACARE CORP. and CANON INC.

Article Excerpt

WESTERN UNION CO. $16 (New York symbol WU; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 619.1 million; Market cap: $9.9 billion; Price-to-sales ratio: 1.9; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.westernunion.com) earned $249.4 million in the three months ended September 30, 2011. That’s up 0.6% from $247.9 million a year earlier. Due to fewer shares outstanding, earnings per share rose 8.1%, to $0.40 from $0.37. These figures exclude costs related to a recent restructuring, which mainly involved laying off workers and closing unneeded facilities. Revenue rose 6.1%, to $1.4 billion from $1.3 billion. In November 2011, the company completed its $945-million purchase of the business-payments division of U.K.-based Travelex Holdings Ltd. This company processes payments for 35,000 businesses in 14 countries. Integration costs will hurt Western Union’s 2012 earnings, but the purchase should add $0.04 a share to its 2013 earnings. Western Union is a buy. INVACARE CORP. $19 (New York symbol IVC; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 31.8 million;…

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