Their new strategies are paying off

Article Excerpt

These two firms have rebounded strongly from their March 2020 lows, as investors react favourably to their new plans to fuel growth. We like both, and see Veoneer, in particular, as a buy for right now. TERMINIX GLOBAL HOLDINGS INC. $47 (New York symbol TMX; Manufacturing sector; Shares outstanding: 132.0 million; Market cap: $6.2 billion; No dividends paid; Takeover Target Rating: Medium; www.terminix.com) is a hold. Formerly called ServiceMaster Global Holdings, it spun off its American Home Shield Business in August 2018 as Frontdoor Inc. (Nasdaq symbol FTDR). It’s the largest home warranty company in the U.S. and provides contracts to cover the repair costs of home appliances and major systems such as heating and cooling. ServiceMaster shareholders received one share of Frontdoor for every two shares of ServiceMaster they held. ServiceMaster has now sold most of its other businesses to private-equity firm Roark Capital Group for $1.55 billion. They include residential and commercial services brands such as ServiceMaster Restore, ServiceMaster Clean,…