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Canada legalized cannabis four years ago. Still, while demand has been steady, stiff competition has cut selling prices significantly. Meanwhile, advertising restrictions and plain packaging rules make it hard to build brands that win customer loyalty. Still, we think some companies have a distinct edge—including their prospects for added sales in the U.S....
THERMO FISHER SCIENTIFIC INC., $536.01, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) thermofisher.com; Shares o/s: 392.2 million; Market cap: $214.2 billion; Dividend yield: 0.2%) recently bought The Binding Site Group, a global leader in specialty diagnostics, for $2.6 billion.
Serving clinicians and laboratory professionals worldwide, The Binding Site provides specialty diagnostics and instruments to better pinpoint and manage blood cancers and immune system disorders....
Alimentation Couche-Tard not only adapted to the pandemic, it thrived—and the shares are now trading at all-time highs. Meanwhile, the company is entering a couple of new markets. For one, it’s rolling out electric vehicle (EV) chargers at its U.S. and Canadian stores....
Oil and gas stocks have moved up lately as the U.S. and other economies recover. Birchcliff Energy shares have almost tripled over the last year. Still, the shares remain cheap for investors looking to profit from the continuing energy rebound.
BIRCHCLIFF ENERGY, $10.72, is a buy. The company (Toronto symbol BIR; TSINetwork Rating: Speculative) (Shares o/s: 265.9 million; Market cap: $2.9 billion; Dividend yield: 0.8%) reports that its cash flow in the quarter ended September 30, 2022, jumped 60.3%, to $1.01 a share from $0.63 a year earlier....
MP MATERIALS CORP., $33.37, is a buy. The company (New York symbol MP; TSINetwork Rating: Extra Risk) (www.mpmaterials.com; Shares outstanding: 177.5 million; Market cap: $6.3 billion; No dividends paid) is the owner and operator of the Mountain Pass mine, the only significant rare-earth commercial mining and processing site in North America.
Rare-earth elements are used in a variety of modern devices and applications: magnets in small and large motors; glass additives and glass polishing compounds; rechargeable batteries; television and computer screens; lighting; X-ray machines; and lasers.
In the quarter ended September 30, 2022, MP Materials’ revenue shot up 24.8%, to $124.4 million from $99.8 million a year earlier....
Rare-earth elements are used in a variety of modern devices and applications: magnets in small and large motors; glass additives and glass polishing compounds; rechargeable batteries; television and computer screens; lighting; X-ray machines; and lasers.
In the quarter ended September 30, 2022, MP Materials’ revenue shot up 24.8%, to $124.4 million from $99.8 million a year earlier....
The COVID-19 pandemic resulted in short-term disruptions to elective medical procedures, and so demand for Steris’s hospital equipment. But going forward, it remains in a great position to profit from the favourable long-term trend of an aging population. And with two key acquisitions, it has expanded into lucrative new markets....
NUVEI CORP. $43 is a hold. The Montreal-based company (Toronto symbol NVEI; Manufacturing sector; Shares outstanding: 142.1 million; Market cap: $6.1 billion; No dividend paid; Takeover Target Rating: Lowest; www.nuvei.com) makes software to help businesses worldwide process electronic payments.
In September 2020, the company completed an initial public offering (IPO) of 29.2 million subordinate voting shares (one vote per share) at $26.00 U.S....
RESIDEO TECHNOLOGIES INC. $17 is a spinoff buy. The company (New York symbol REZI; Manufacturing & Industry sector; Shares outstanding: 145.8 million; Market cap: $2.5 billion; No dividend paid; Takeover Target Rating: Medium; www.resideo.com) makes heating, ventilation and air-conditioning equipment....
On June 22, 2017, Brookfield Asset Management Inc. (Toronto symbol BAM.A) spun off its specialty insurance business as a separate company called Trisura. Investors received one Trisura share for every 170 Brookfield shares they held.
The new firm gets little media/broker attention, even though the stock has soared over 500% since the spinoff....
WORTHINGTON INDUSTRIES INC. $55 is a spinoff buy. The company (New York symbol WOR; Manufacturing & Industry sector; Shares outstanding: 49.7 million; Market cap: $2.7 billion; Dividend yield 2.3%; Takeover Target Rating: Medium; www.worthingtonindustries.com) has four operating segments: Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions.
Worthington now plans to spin off its steel-processing business from its three other segments....
Worthington now plans to spin off its steel-processing business from its three other segments....