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How To Invest

Q: Pat, I notice that you use debt-to-market-cap in your analyses. That’s different from the debt/equity ratio I see in most other reports. Why is that? Thanks for all your advice over the years!

A: In analyzing a stock, you need to form an idea of how much it would get hurt in a recession. To put it another way, how likely it is to survive a business slump and go on to prosper when good times return? To do that, you need to look at a number of factors....

3 min read

Pat McKeough

How To Invest

What is Pat’s commentary for the week of July 5, 2023

Over the years, I’ve often mentioned that the biggest risk you face as an investor is your lifelong exposure to conflicts of interest. The daily costs of having these conflicts settled in somebody else’s favour start at low levels, but grow like compound interest....

1 min read

Pat McKeough

How To Invest

Spinoffs & Takeovers Hotline – Friday, June 30, 2023

CASELLA WASTE SYSTEMS INC., $90.45, symbol CWST on Nasdaq, is a Vermont-based waste management company that services seven Northeastern U.S. states (Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine and Pennsylvania) through 50 collection operations, 26 recycling facilities, 9 disposal facilities, 3 landfill gas-to-energy facilities, and 66 transfer stations.

Casella was founded in 1975 by Doug Casella, who used a pick-up truck to collect waste from customers in Rutland, Vermont, and nearby Killington....

12 min read

Pat McKeough

How To Invest

Power Growth Investor Hotline – Friday, June 30, 2023

ALIMENTATION COUCHE-TARD INC., $67.93, is a buy. The retailer (symbol ATD on Toronto) operates 12,432 convenience stores, mostly in North America and Europe.

In the three months ended April 30, 2023, revenue fell by 1.0%, to $16.26 billion from $16.43 billion a year earlier (all figures except share price in U.S....

5 min read

Pat McKeough

How To Invest

Dividend Advisor Hotline – Friday, June 30, 2023

ENBRIDGE INC., $49.24, Toronto symbol ENB, remains a buy.

The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario.

With the March 2023, payment, Enbridge raised your quarterly dividend by 3.2%....

6 min read

Pat McKeough

How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 30, 2023

INTERNATIONAL BUSINESS MACHINES CORP., $133.78, New York symbol IBM, is a buy.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

In the past few years, IBM has shifted its focus to its more-profitable cloud computing, consulting and mainframe businesses....

4 min read

Pat McKeough

How To Invest

The Successful Investor Hotline – Friday, June 30, 2023

THOMSON REUTERS CORP., $178.86, Toronto symbol TRI, is a buy.

The company sells specialized information (mainly through electronic channels) to professionals in the legal, and tax and accounting fields. It also owns the Reuters news service.

Thomson is now buying Casetext, a private firm based in California that uses artificial intelligence (AI) software to help lawyers research previous cases and prepare documents.

The company will pay $650 million U.S....

4 min read

Pat McKeough

How To Invest

Here’s our Income-Growth Dividend Payer Portfolio for July 2023

You Can See Our Income-Growth Dividend Payer Portfolio For July 2023 here.

You can’t fake a record of dividends....

1 min read

Pat McKeough

Dividend Stocks

Updating your Income-Growth Payers: Genuine Parts

GENUINE PARTS CO. $165 is a buy. The company (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 143.2 million; Market cap: $23.6 billion; Dividend yield: 2.3%; Dividend Sustainability Rating: Above Average; www.genpt.com) is a leading seller of replacement auto parts....

1 min read

Pat McKeough

Dividend Stocks

Investors can expect more dividend hikes

Sun Life recently acquired a U.S. firm that specializes in dental insurance. The company is also benefitting from rising interest rates, which is letting it earn higher returns on its bond portfolio. Those factors should continue to let it keep raising your dividend.

SUN LIFE FINANCIAL INC....

2 min read

Pat McKeough

Testimonials

The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

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Financial Post Columnist
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Subscriber since 1996. Inner Circle Member Since 2006
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Inner Circle Pro subscriber

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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.