Toronto symbol KFS, offers automobile insurance for drivers that standard auto insurers have rejected. This could be because of their poor driving record, vehicle type, place of residence, age or credit rating.
Long-time readers know that we are constantly reevaluating our stock picks. Below are three stocks we think you should sell.
Two of these companies face problems that will weigh on them for the foreseeable future. The third is a thin-trading stock that has moved up recently… Read More
THE WESTAIM CORP. $0.71 has completed its purchase of Montreal-based Jevco Insurance Co. from Kingsway Financial Services Inc. (Toronto symbol KFS). Jevco sells insurance to high-risk drivers, as well as owners of motorcycles, snowmobiles and recreational vehicles. Jevco operates in Quebec and Ontario.
Westaim paid $264.2… Read More
ALIMENTATION COUCHE-TARD INC., $18.90, symbol ATD.B on Toronto, has launched a $1.9-billion hostile takeover bid for Casey’s General Stores (symbol CASY on Nasdaq).
Casey’s owns 1,507 convenience stores in the U.S. Midwest. The stores offer a wide variety of food and non-food merchandise, as well as… Read More
SAPUTO INC., $29.70, Toronto symbol SAP, will distribute its foods in Toronto from a new facility in Vaughn, Ontario (it currently distributes from a number of different warehouses in the city). The company will complete this consolidation in stages, and expects to be finished by… Read More
KINGSWAY FINANCIAL SERVICES $1.70 (Toronto symbol KFS; SI Rating: Speculative) (905-629-7888; www.kingswayfinancial.com; Shares outstanding: 52.1 million; Market cap: $88.6 million; No dividends paid) has agreed to sell its Jevco Insurance Co. subsidiary for $263 million. This price does not include a $40-million dividend that Jevco… Read More
CANADIAN NATIONAL RAILWAY CO., $53.52, Toronto symbol CNR, earned $1.5 billion in 2009. That’s down 13.8% from $1.8 billion in the prior year.
Earnings per share fell 12.7%, to $3.24 from $3.71, on fewer shares outstanding. These figures exclude unusual items, including income-tax refunds and… Read More
TEMPUR-PEDIC, $24.89, symbol TPX on New York, reported sharply higher revenue and earnings in the latest quarter.
In the three months ended December 31, 2009, Tempur-Pedic’s earnings rose 129.1%, to $29.1 million, or $0.38 a share, from $12.7 million, or $0.17 a share, a year earlier… Read More
DEVON ENERGY CORP., $67.50, symbol DVN on New York, has announced plans to sell its properties in the Gulf of Mexico, as well as its international assets. After taxes, the company expects the sales to generate between $4.5 billion and $7.5 billion.
The properties that Devon… Read More
AMAZON.COM INC., $118.49, symbol AMZN on Nasdaq, shot up 26.8% today after reporting sharply higher results in the latest quarter.
In the three months ended September 30, 2009, Amazon’s revenue rose 27.8%, to $5.4 billion from $4.3 billion a year earlier. Earnings jumped 68.6%, to $199… Read More
FAIRFAX FINANCIAL HOLDINGS, $371.00, symbol FFH on Toronto, plans to buy the 27.4% of Odyssey Re Holdings Corp. (New York symbol ORH) that it doesn’t already own for $960 million U.S.
Odyssey Re is a major worldwide underwriter of property and casualty reinsurance. Reinsurers sell… Read More
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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
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