Topic: How To Invest

The Successful Investor Hotline – Friday, June 15, 2018

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $256.00, Toronto symbol CP, has ordered 1,000 new railcars for shipping grain (called “hoppers”). It expects to receive 500 of those cars by the end of 2018. This initial order is part of CP’s larger plan to purchase 5,900 hopper cars over the next four years. In all, those new cars will cost $500 million. To put that in context, CP earned $390 million, or $2.70 a share, in the first quarter of 2018. The company is upgrading its hopper fleet in response to new federal regulations that encourage railways to replace older government-owned cars with new models. As well, the new hopper cars will improve the efficiency of CP’s grain operations. OUR RECOMMENDATION: CP Rail is a buy. CP Rail recent coverage July 2018 issue Hotline for June 1, 2018 CAE INC., $27.70, Toronto symbol CAE, is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools in over 30 countries and makes mannequins…