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Growth Stocks

Updating your Aggressive stocks: FirstService, Mattr & Toromont

FIRSTSERVICE CORP. $212 (www.firstservice.com) is a buy. The company provides property management services to businesses and individuals. FirstService tends to fuel its growth with acquisitions of smaller businesses that expand its market share....

1 min read

Pat McKeough

Dividend Stocks

Lower costs will support BCE’s dividend

BCE’s shares are down 17% since the start of 2024. That’s mainly due to concerns over the sustainability of its dividend as those payments exceed its free cash flow. However, capital spending is declining now that it has completed a major upgrade of its networks....

2 min read

Pat McKeough

Growth Stocks

Merging divisions should cut costs

MAPLE LEAF FOODS INC. $24 is a hold. The company (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 122.7 million; Market cap: $2.9 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.7%; TSINetwork Rating: Average; www.mapleleaffoods.com) sells fresh and prepared meats under the Maple Leaf and Schneider labels.

Maple Leaf now plans to merge its meat protein and plant-based foods divisions into a single unit....

1 min read

Pat McKeough

Value Stocks

Use our updates to enhance your portfolio: Loblaw, Riocan & Finning

LOBLAW COMPANIES LTD. $149 is a buy. Canada’s largest food seller (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 316.4 million; Market cap: $47.1 billion; Price-to-sales ratio: 0.8; Dividend yield: 1.2%; TSINetwork Rating: Above Average; www.loblaw.ca) is adding more discount-price stores as customers deal with high inflation and interest rates.

In 2024, the company will open 40 new discount stores....

2 min read

Pat McKeough

Value Stocks

TD has a long history with AI

TORONTO-DOMINION BANK $79 is a buy. The bank (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $142.2 billion; Price-to-sales ratio: 2.7; Dividend yield: 5.2%; TSINetwork Rating: Above Average; www.td.com) acquired artificial intelligence (AI) software specialist Layer 6 Inc....

1 min read

Pat McKeough

Dividend Stocks

IGM is still your better pick

Parent company Power Corp. is now simplifying the operations of its two main subsidiaries—Great-West Lifeco and IGM Financial. The plan will benefit investors in both firms, but we still prefer IGM for your new buying.

GREAT-WEST LIFECO INC. $41 is a hold. The insurer (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 930.6 million; Market cap: $38.2 billion; Price-to-sales ratio: 1.5; Dividend yield: 5.4%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial....

2 min read

Pat McKeough

Growth Stocks

Stantec has more gains ahead

Engineering firm Stantec is now up roughly 200% since we promoted the company to our Successful Investor Aggressive Growth Portfolio (in the April 2020 issue) from our Power Growth Investor newsletter. That’s mainly because higher government spending on new infrastructure projects is spurring demand for its services....

2 min read

Pat McKeough

Value Stocks

Leon’s unlocks value with REIT plan

LEON’S FURNITURE LTD. $22 is a buy for aggressive investors. The retailer (Toronto symbol LNF; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 68.0 million; Market cap: $1.5 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.3%; TSINetwork Rating: Average; www.leons.ca) sells furniture and appliances through 303 stores, mainly under the Leon’s and The Brick banners.

The stock has gained 30% since it announced in May 2023 that it will transfer its real estate holdings to a real estate investment trust (REIT)....

1 min read

Pat McKeough

Blue Chip Stocks

CPKC adds more green locomotives

CANADIAN PACIFIC KANSAS CITY LTD. $120 is your #1 Conservative Buy for 2024. The railway (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 932.6 million; Market cap: $111.9 billion; Price-to-sales ratio: 9.0; Dividend yield: 0.6%; TSINetwork Rating: Above Average; www.cpkcr.com) aims to cut its operating costs by retrofitting older diesel-powered locomotives with hydrogen fuel cells....

1 min read

Pat McKeough

Energy Stocks

Their stronger balance sheets cut your risk

In addition to Suncor (see page 41), we also like the outlook for these three oil producers. Like Suncor, they have used their stronger cash flows in the past few years to pay down debt. That is giving them more room for dividend increases and share buybacks.

IMPERIAL OIL LTD....

5 min read

Pat McKeough

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Investors Association of Canada
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Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.