Topic: How To Invest

Hi Pat: Could you please provide your opinion on the TMX Group Inc.? The dividend yield looks good, but I am hesitant to invest in this company because there does not appear to be any competition. With no competition, I fear the company may become complacent. Thanks for your help. Cheers.

Article Excerpt

TMX Group Inc., $33.68, symbol X on Toronto (Shares outstanding: 74.3 million; Market cap: $2.5 billion), owns and operates Canada’s two national stock exchanges. The Toronto Stock Exchange lists senior equities and the TMX Venture Exchange lists junior equities. TMX Group also owns the Montreal Exchange, which specializes in derivatives. TMX Group also owns the NGX, an exchange for trading and clearing natural gas and electricity contracts. As well, TMX owns Shorcan Brokers, a fixed-income inter-dealer broker, and The Equicom Group, an investor-relations company. In 2000, the Toronto Stock Exchange became the first exchange in North America to become a for-profit corporation (known as TSX Inc.). In 2001, TSX bought the Vancouver Stock Exchange. The TSX Group first sold shares to the public at $9 (adjusted for a two-for-one split), and began trading on Toronto in November 2002. In May 2008, the TSX Group completed its purchase of Montreal Exchange Inc. at a total cost of $1.25 billion. As part of the…

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