H&R bids for Primaris

PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST $27.02 (Toronto symbol PMZ.UN; Units outstanding: 97.8 million; Market cap: $2.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has received a friendly $28-a-share takeover bid. The offer is from H&R REAL ESTATE INVESTMENT TRUST $23.73 (Toronto symbol… Read More

Stock Pickers Digest Hotline – Friday, October 5, 2012

FAIRFAX FINANCIAL HOLDINGS, $376.90, symbol FFH on Toronto, owns 43.2% of Cunningham Lindsey, one of the world’s largest insurance claims management companies. Private-equity firm Stone Point Capital LLC holds a 51% interest.

Cunningham Lindsey’s services include claims adjusting, appraisal and claims and risk management. Its customers… Read More

What to do with RuggedCom

RUGGEDCOM INC. $25.31 (Toronto symbol RCM; TSINetwork Rating: Speculative) (1-888-264-0006; www.ruggedcom.com; Shares outstanding: 12.6 million; Market cap: $318.9 million; No dividends paid) is still the target of a hostile takeover bid from U.S. cable and networking equipment manufacturer Belden Inc. RuggedCom makes computer-networking equipment that… Read More