Use our updates to enhance your portfolio

Article Excerpt

TRANSCONTINENTAL INC. $16 is still a buy for aggressive investors. The company (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 86.9 million; Market cap: $1.4 billion; Price-to-sales ratio: 0.5; Dividend yield: 5.6%; TSINetwork Rating: Average; is Canada’s leading commercial printer. It also makes plastic packaging for consumer and industrial products. The City of Montreal wants to require residents to request the delivery of advertising flyers (called an “opt-in” system). The new regulation takes effect May 2023. That should hurt Transcontinental’s Publisac business, which prints and distributes flyers and community newspapers in plastic bags to 200,000 Quebec households, including 120,000 in Montreal. Publisac currently operates under an “opt-out” system, under which residents automatically receive these flyers unless they unsubscribe. Transcontinental is legally challenging the opt-in rule. Still, even if it has to shut down Publisac, this business accounts for a small portion of its revenue and earnings. Transcontinental is a buy. FIRSTSERVICE CORP. $161 remains a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio,…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.