Topic: How To Invest

The Successful Investor Hotline – Friday, June 3, 2022

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $94.69, 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 has formed a new alliance with French container shipping firm CMA CGM Group. Under this multi-year pact, CP will be the primary rail carrier for CMA CGM’s freight through the ports of Vancouver, Montreal and Saint John, New Brunswick. That will speed up shipments to key inland locations in Canada and the U.S. Midwest. This new deal will also help CP expand volumes at U.S.-based railway Kansas City Southern. The company acquired KCS in December 2021 in a cash-and-shares deal worth $28 billion U.S. 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…