Topic: How To Invest

The Successful Investor Hotline – Friday, May 11, 2018

Article Excerpt

CANADIAN TIRE CORP., $162.47, Toronto symbol CTC.A, owns 501 Canadian Tire stores. They sell automotive parts and products, and household and sporting goods. Franchisees run most of the outlets. The company’s other operations include 298 gas stations and 106 PartSource locations; those stores are entirely focused on automobile supplies. In the past few years, the company has acquired other major retail chains: Mark’s sells casual and work clothing through 385 stores; and the Forzani Group sells sporting goods and athletic wear through 409 outlets, including Sport Chek and Sports Experts. This week, Canadian Tire agreed to acquire the Helly Hanson sportswear business from the Ontario Teachers’ Pension Plan for $985 million. Based in Oslo, Norway, that business makes a variety of clothing for outdoor activities, such as skiing and sailing. It also operates retail stores in over 40 countries. The company expects the new operations will immediately contribute to its earnings when it completes the transaction in the third quarter of 2018. Meantime, Canadian…

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