Topic: How To Invest

The Successful Investor Hotline – Friday, May 21, 2021

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $97.77, Toronto symbol CP, is still our #1 Conservative Buy for 2021. (Note—All per-share amounts adjusted for a 5-for-1 stock split effective May 14, 2021.) CP ships freight over a 22,000-kilometre rail network between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast. The company has decided not to increase its takeover offer for U.S. railway Kansas City Southern (New York symbol KSU) in response to its decision to accept a higher bid from CN Rail (see below). Kansas City Southern (KCS) operates a rail network of roughly 11,400 kilometres extends from the U.S. Midwest and Southeast into Mexico. KCS has now paid CP a $700 U.S. million break-up fee. The company could use that cash to pay a special dividend or buy back shares. CP Rail remains our #1 Conservative Buy for 2021. CP Rail recent coverage: Hotline for May 14, 2021 May 2021 issue CANADIAN NATIONAL RAILWAY CO., $125.80, Toronto symbol CNR, is still a buy. CN…