A debenture is a debt instrument issued by a company to raise funds. A debenture is backed by the general creditworthiness of the issuer, but is otherwise unsecured by any collateral or assets.
Typically, debentures have a fixed rate of interest for a long-term time period.
There are two main kinds of debentures: convertible and non-convertible debentures.
A convertible debenture can be turned into equity shares of the company issuing the debenture after a specific time period elapses.
A non-convertible debenture cannot be converted into equity shares of issuing company. Non-convertible debentures typically have higher interest rates than convertible debentures.
Additionally, there are a variety of other debentures, including:
When analyzing a stock, you need to form an idea of how likely is it to survive a business slump and go on to prosper all the more when economic growth resumes, and very importantly—how much debt it has (including debentures).
At TSI Network, we recommend using our three-part Successful Investor philosophy:
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A: Empire Company Ltd., $34.70, symbol EMP.A on Toronto (Shares outstanding: 269.1 million; Market cap: $9.4 billion; www.empireco.ca), is a diversified Canadian-firm based in Stellarton, Nova Scotia. It’s handed investors a 22% gain so far this year.
Empire sells and distributes food through its 100% ownership of… Read More
A: WSP Global Inc., $80.95, symbol WSP on Toronto (Shares outstanding: 100.8 million; Market cap: $8.6 billion; www.wspgroup.com), is a professional services consulting firm. It employs about 49,000 people, mainly engineers, technicians, scientists, environmental specialists, planners, and architects. The company is headquartered in Montreal, with more… Read More
A: Paycom Software, $196.84, symbol PAYC on New York (Shares outstanding: 58.5 billion; Market cap: $12.0 billion; www.paycom.com), is a provider of comprehensive, cloud-based payroll and human resource management software. Its products cover the entire employee lifecycle, from hiring to retirement. The company has sales offices… Read More
A: SmartCentres REIT, $32.31, symbol SRU.UN on Toronto (Shares outstanding: 141.9 million; Market cap: $5.4 billion; www.smartcentres.com), has ownership interests in 152 mostly Walmart-anchored shopping centres with total leasable area of 34.0 million square feet across Canada. It also owns one office and four mixed-use properties… Read More
A: Splunk Inc., $111.85, symbol SPLK on Nasdaq (Shares outstanding: 150.2 million; Market cap: $17.2 billion; www.splunk.com), makes software that lets organizations gain real-time operational intelligence through analysis of their data. Its software collects and indexes data on a massive scale, regardless of format or source,… Read More
A: Roper Technologies Inc., $336.71, symbol ROP on New York (Shares outstanding: 103.8 million; Market cap: $35.1 billion; www.ropertech.com), develops software and engineered products through a number of its businesses for a variety of specialized markets. The company is headquartered in Sarasota, Florida.
Roper operates in four… Read More
A: Frontier markets are developing countries, but with economies considered still too small to be emerging markets.
While risky, the best of frontier-market stocks can offer sound prospects for growth and good fundamental value.
Many frontier countries have sizable populations with favourable demographics, including a rising middle class,… Read More
A: NICE Ltd. (ADR), $152.79, symbol NICE on Nasdaq (ADRs outstanding: 62.3 billion; Market cap: $9.6 billion; www.nice.com), is an Israel-based company, specializing in telephone voice recording, data security and surveillance, as well as systems that analyze this recorded data. That “big data” includes structured and… Read More
A: Lloyds Banking Group plc (ADR), $3.07, symbol LYG on New York (ADRs outstanding: 17.6 billion; Market cap: $50.6 billion; www.lloydsbankinggroup.com) offers a range of banking and financial services through its subsidiaries and associated companies. More specifically, it provides retail banking, mortgages, pensions, asset management, insurance… Read More
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Marijuana Producer
This company has dropped plans for a big acquisition as the market for cannabis stocks falters. Meanwhile, though, its established base of U.S. sales bodes well for future expansion in that steadily… Read More
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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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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.
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