A balance sheet is a financial statement that gives a snapshot of a company's assets, liabilities and shareholders' equity. Investors use this data to determine how sound a company's finances are-and also to discover if it has any “hidden assets”. Certain types of assets on a balance sheet might have actual market values well above historical values. For example, when a company buys real estate, the purchase price goes on its balance sheet as the historical value of the asset. Over a period of years or decades, the market value of that real estate may climb substantially. But the purchase price remains unchanged on the balance sheet. You have to look closely to spot this hidden value. At times, the hidden value in a company's real estate can come to exceed the market value of its stock. This hidden value may only become apparent to investors when the company upgrades the use of the real estate. For example, a merchandiser might repurpose a parking lot to build a shopping mall with a residential condo tower on higher floors, and a parking garage down below. Balance sheets often fail to assign any value to brand names, even those household names that have built up multitudes of loyal customers over the years. One example of customer loyalty taking a company to new heights is Apple. Their customer base was fiercely loyal to its brand and carried it through the first two turbulent decades of its life. It was this customer base that quickly adopted the iPod and pushed Apple to dominate the personal music device market and later redefine personal computing forever. We always analyze a company's balance sheet before making recommendations using TSI Network's three-part Successful Investor philosophy: 1. Invest mainly in well-established companies; 2. Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities); 3. Downplay or avoid stocks in the broker/media limelight. Discover how to put extra strength into your portfolio with our specific advice on how to identify high-quality dividend stocks. It's all in our newly updated report, Dividend Paying Stocks: How High Dividend Stocks Can Supercharge Your Income Investing. And it's yours FREE!
RESMED INC., $152.81, is a buy. The firm, symbol RMD on New York, helps investors tap the growing market for medical devices used to treat sleep apnea. ResMed’s CPAP (nasal continuous positive airway pressure) devices are also used to treat patients with chronic obstructive pulmonary disease as… Read More
This month, we’re adding two of the world’s leading fast-food operators—Restaurant Brands and Starbucks—to our regular TSI Dividend Advisor coverage.
Both firms are using their strong brands to expand overseas, which should continue to spur long-term earnings growth. Their embrace of new tech to drive orders and lower… Read More
Restaurant Brands’ shares have jumped 22% in the past year, and are now just below their all-time high. That big gain is largely due to the company’s success at fueling post-pandemic growth with more drive-thru outlets and improved mobile ordering apps. The company is also… Read More
A: Parker-Hannifin Corp., $373.91, symbol PH on NYSE (Shares outstanding: 128.4 million; Market cap: $47.2 billion; www.parker.com), is a global leader in providing motion and control technologies and solutions. Based in Cleveland, it operates in 45 countries across six continents.
The company’s range of industrial products… Read More
Demand for Major Drilling’s specialized services is now recovering. Meanwhile, Computer Modelling is benefiting from expanding oil and gas drilling in response to overall higher energy prices. We think there are still gains ahead for both stocks.
MAJOR DRILLING, $8.04, is a buy. This large contract driller… Read More
Canada legalized cannabis over four years ago. 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… Read More
Visa has been a terrific performer for our subscribers since we first recommended the stock at $19 (adjusted for share splits) in the December 2010 issue of Wall Street Stock Forecaster.
The company first sold shares to the public at $11 a share in March 2008… Read More
In the past few years, Ovintiv, formerly known as Encana, has narrowed its focus to four key properties with large reserves. The company is also doing a good job cutting its operating costs. That puts it in a strong position to profit from the recent… Read More
In April 2020, we promoted real-estate service providers FirstService and Colliers from Power Growth Investor to The Successful Investor, our flagship newsletter.
Since then, FirstService has gained 57%. That’s largely because homeowners have continued to upgrade their properties even after the pandemic. Colliers is also up 31%. That smaller… Read More
ENOVIS CORP., $49.88, symbol ENOV on New York, is a medical technology company with more than 7,000 employees making more than 1,000 medical devices in 30 facilities worldwide. It also holds 1,239 patents on those medical devices.
The company was formerly known as Colfax Corp. In… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
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This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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We do reserve the right, however, to collect and perform statistical analyses of the internet traffic to our website for our internal use. However, information collected does not allow us to identify any individual, and will not collect any personal information of the visitor. Furthermore, we do not sell, rent or loan to any outside parties the information collected and analyzed.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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