Updating your Aggressive stocks: Toromont, Restaurant Brands & RioCan

Article Excerpt

TOROMONT INDUSTRIES LTD. $115 (www.toromont.comwww.toromont.com) is a buy. The company distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S. It also makes refrigeration systems. The stock has gained 8% in the past year, thanks to new government spending on infrastructure projects and improving availability of equipment in the wake of the COVID-19 disruptions. The company probably earned $6.24 a share in 2023, and the stock trades at an attractive 18.4 times that estimate. The $1.72 dividend yields 1.5%. Toromont is a buy. RESTAURANT BRANDS INTERNATIONAL INC. $105 (www.rbi.com) is a buy. Over the past few years, the company’s Popeyes chain has offered chicken wings on a limited-time basis. Due to strong customer demand, it will add wings to its permanent menu. That will also help it compete with rivals like Wingstop, Bojangles and KFC. The stock is up 19% in the past year and now trades at a reasonable 22.9 times the company’s projected 2024 earnings of $3.42 U.S. a share. The $2.20 U.S….