Spicemaker looks pricey after jump

MCCORMICK & CO. INC. $163 (New York symbol MKC; Income Portfolio, Consumer sector; Shares outstanding: 132.5 million; Market cap: $21.6 billion; Price-to-sales ratio: 4.0; Divd. yield: 1.4%; TSINetwork Rating: Average; www.mccormick.com) acquired several condiment brands from Reckitt Benckiser Group plc. in August 2017. They include French’s Mustard,… Read More

Q: Hello, Pat and company. I would like to know your opinion and recommendation on Summit Industrial Income REIT on the TSX. Thanks for all the great advice! Regards.

A: Summit Industrial Income REIT, $11.80, symbol SMU.UN on Toronto (Units outstanding: 96.3 million; Market cap: $1.2 billion; www.summitiireit.com), is an open-ended trust (see below) that owns light industrial properties across Canada.

As of December 31, 2018, the trust owned 108 buildings, making up 13.3 million… Read More