Topic: How To Invest

The Successful Investor Hotline – Friday, January 28, 2022

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $92.27, Toronto symbol CP, is your #1 Conservative Buy for 2022. CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast. The company is now in the process of merging with U.S.-based railway Kansas City Southern. The cash-and-shares deal was worth $28 billion U.S. (as of December 14, 2021). CP investors now own 72% of the merged company, with KCS shareholders holding the remaining 28%. The company has deposited the KCS shares into an independent voting trust, which will continue to run that business while the U.S. Surface Transportation Board (STB) studies the purchase. CP expects to receive final regulatory approval in the fourth quarter of 2022. Meantime, it reported a revenue 1.4% increase for the three months ended December 31, 2021; it rose to $2.04 billion from $2.01 billion a year earlier. That beat the consensus forecast of $1.99 billion. Higher shipments of oil, metals, potash and…