The EBITDA associated with a company aims to capture the performance of its core operations. The idea is that by ignoring expenses such as taxes, interest, depreciation and amortization, it takes away all the costs not directly related to running the business.
EBITDAs can be helpful when comparing two companies—in a sense, it compares the ability of a company’s managers to make money when debt structure and so on are identical.
EBITDA is often used as a valuation measure in mergers and acquisitions, especially when small businesses or middle market companies are involved. Mergers are when two or more companies combine to form one entity. An acquisition is when a company buys another one.
Of course, though, it’s not possible to isolate out factors like debt. Excess debt and interest costs can be very negative to a company’s earnings and cash flow, and investors need to be aware of that—and factor it into their investment decisions.
Because its limitations, EBITDA is not compatible with the rules of generally accepted accounting principles.
In terms of financial performance, we recommend looking beyond EBITDA for stocks with a long-term record of dividends, a long-term record of profit, an attractive balance sheet, industry prominence or dominance, and the ability to serve all shareholders.
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Traditional telecommunications service providers, such as Telus and BCE, are trading at substantially lower valuations than other “infrastructure” type companies. This is not only true for Canadian companies, but also for U.S. and other similar companies in Europe.
Infrastructure-type companies such as telecommunications, pipeline, utility, and… Read More
In a search for your top 2024 buys, we’ve once again selected three stocks (one each from the Conservative, Aggressive and Income Portfolios).
We feel all three are poised to deliver big gains for our readers, not only this year but for many years to come… Read More
TC ENERGY INC., $52.79, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $54.3 billion; TSINetwork Rating: Above Average; Dividend yield: 7.1%; www.tcenergy.com) still plans to spin off its oil pipelines division as a separate, publicly traded company called South Bow Corp.
The new… Read More
BANK OF NOVA SCOTIA, $63.32, Toronto symbol BNS, remains a buy.
Bank of Nova Scotia last raised your quarterly dividend with the July 2023 payment. Investors now receive $1.06 a share, up 2.9% from $1.03. The new annual rate of $4.24 yields a high 6.7%.
In the… Read More
TORONTO-DOMINION BANK, $81.01, Toronto symbol TD, is a buy.
The bank is now raising your quarterly dividend by 6.3%. Starting with the January 2024 payment, investors will receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.0%.
TD continues to… Read More
BANK OF NOVA SCOTIA, $61.00, Toronto symbol BNS, remains a buy.
Due to the current economic uncertainty as a result of higher interest rates and inflation, Bank of Nova Scotia set aside $1.26 billion to cover future loan losses in its fiscal 2023 fourth quarter, ended October… Read More
EBAY INC., $39.85, Nasdaq symbol EBAY, is still a buy for long-term gains.
The company operates e-commerce websites, in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices.
eBay reported better-than-expected results for the third quarter of 2023. However, due… Read More
CANADIAN PACIFIC KANSAS CITY LTD., $96.50, Toronto symbol CP, is your #1 Conservative Buy for 2023.
The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed the acquisition of U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S. in cash and… Read More
Shares of Pembina Pipeline dropped to $26 at the onset of COVID-19 lockdowns, but they have now rebounded to pre-pandemic levels. We feel the stock will keep moving higher over the next few years, as new projects fuel a growth in cash flow. That higher… Read More
WYNDHAM HOTELS & RESORTS INC., $73.66, is still a buy. The company (symbol WH on New York) is the world’s largest hotel franchiser, with 851,000 rooms spread across 9,100 hotels in 95 countries. Its portfolio of 24 brands includes Super 8, Days Inn, Wyndham Grand, Ramada, La… 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.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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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:
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Does TSI Network Use the Information It Receives?
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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.
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