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CATALENT INC. $45 is a hold. The company (New York symbol CTLT; Manufacturing sector; Shares outstanding: 180.3 million; Market cap: $8.1 billion; No dividend paid; Takeover Target Rating: Medium; www.catalent.com) is a contract drugmaker that makes products for larger pharmaceutical companies including Novo Nordisk.
Due to several quality-control problems at some of its plants and lower demand from COVID-19-related vaccines and treatments, the stock has dropped 55% in the past year.
That decline has prompted activist investor Elliott Investment to acquire an undisclosed stake in Catalent....
Due to several quality-control problems at some of its plants and lower demand from COVID-19-related vaccines and treatments, the stock has dropped 55% in the past year.
That decline has prompted activist investor Elliott Investment to acquire an undisclosed stake in Catalent....
Prominent activists are helping both these firms transition and adapt to new strategies. The small size of each company could also make it an attractive takeover target. Even so, we feel their risks outweigh the possible rewards.
SPLUNK INC....
On November 3, 2021, IBM spun off Kyndryl—the new name for its business that helps corporate and government clients manage their datacentres. Investors received one Kyndryl share for every five IBM shares they held.
Since the split, IBM has gained 15%....
Since the split, IBM has gained 15%....
3M COMPANY $101 is a buy for long-term gains. The company (New York symbol MMM; Manufacturing & Industry sector; Shares o/s: 552.0 million; Market cap: $55.8 billion; Divd. yield: 5.9%; Takeover Target Rating: Medium; www.3m.com) plans to spin off its Health Care division as a separate firm at some point between late 2023 and early 2024....
Pipeline giant TC Energy (formerly called TransCanada Pipelines) recently announced a new plan to unlock value for its investors. The strategy includes spinning off the company’s oil pipelines business and selling some of its other assets to pay down debt.
The stock dropped on the announcement....
The stock dropped on the announcement....
A: Neighbourly Pharmacy Inc., $17.10, symbol NBLY on Toronto (Shares outstanding: 44.7 million; Market cap: $815.3 million; www.neighbourlypharmacy.ca), is Canada’s largest and fastest-growing network of community pharmacies....
A: ATS Corp., $56.95, symbol ATS on Toronto (Shares outstanding: 98.9 million; Market cap: $5.8 billion; www.atsautomation.com), was formerly known as ATS Automation Tooling Systems.
ATS provides some of the world’s top manufacturers with factory automation solutions....
ATS provides some of the world’s top manufacturers with factory automation solutions....
A: Savers Value Village Inc., $25.78, symbol SVV on New York (Shares outstanding: 160.5 million; Market cap: $4.1 billion; www.valuevillage.com), is the largest for-profit thrift operator in the U.S. and Canada. It operates 152 stores in the U.S....
Here’s Part Two of the letter I sent to our Portfolio Management clients in May 2023:
The coming boom in ‘income investments’
The post-World War II generation—the baby boomers—were born between 1946 and 1964. The youngest boomers are now around 59 and the oldest are around 77....
The coming boom in ‘income investments’
The post-World War II generation—the baby boomers—were born between 1946 and 1964. The youngest boomers are now around 59 and the oldest are around 77....
TOTAL HELIUM LTD., $0.43, symbol TOH on the TSX Venture Exchange, aims to become a significant producer of helium. Its focus is now on a recently acquired interest in the Pinta South helium field in Arizona.
In March 2023, Total Helium announced that it had entered into a transaction with Brooks Range Corporation to acquire 20% working interest in two producing wells at the Pinta South helium field, a 50% working interest in eight more wells at the Arizona project, and a 50% interest in any future wells beyond those 10.
The company paid $12 million U.S....
In March 2023, Total Helium announced that it had entered into a transaction with Brooks Range Corporation to acquire 20% working interest in two producing wells at the Pinta South helium field, a 50% working interest in eight more wells at the Arizona project, and a 50% interest in any future wells beyond those 10.
The company paid $12 million U.S....