Pink sheets are companies that trade on the U.S. over-the-counter market, a holdover from the days when the quotes for these stocks were printed on pink paper. They are for investors looking for high-risk investments.
Today, OTC Markets Group (formerly Pink OTC Markets Inc.), a private company, is the main provider of pricing and financial information for the over-the-counter (OTC) securities markets.
OTC Markets Group operates a centralized information network that includes services for issuers, brokers and OTC investors, as well as “market makers”. Pink Sheets’ information aims to make OTC trading more efficient and improve access to capital for OTC issuers.
Companies that trade as “pink sheets stocks” usually don’t have sufficient market caps, or enough shareholders, to meet most stock exchanges’ minimum criteria.
Over-the-counter shares are often sporadically or inactively traded. That can make buying penny stocks and pink sheet stocks (and selling them) more difficult and expensive than shares on larger stock exchanges.
Stocks trading over the counter may at times seem to offer extraordinary opportunities, but this can be an expensive illusion. Most legitimate companies with substantial growth potential will want to leave the over-the-counter market as quickly as possible and move their stock to the major markets, where financing is more plentiful and less expensive. This tilts the odds against you.
That’s why we’ve stayed out of the over-the-counter market and are likely to continue to stay out. There are just too many attractive buying opportunities in major markets, where risk is lower and your chances of making money are better.
The key to finding the “hidden gems” in penny stocks is to understand and avoid the risks that go with them. You get the benefit of Pat McKeough’s decades of experience—and his specific recommendations—in our special report, Canadian Penny Stocks: What You Need to Know about Handling the Risks and Reaping the Rewards, on TSI Network. Claim your FREE copy right now!
CANADIAN PACIFIC KANSAS CITY LTD., $107.18, Toronto symbol CP, is still your #1 Conservative Buy for 2024.
The company took its current form in April 2023 when it acquired U.S.-based railway Kansas City Southern (KCS).
CP paid $31 billion U.S. in cash and shares for KCS. At… Read More
FORTIS INC., $61.57, Toronto symbol FTS, is a buy.
The company is the main supplier of electrical power in Newfoundland and PEI. Fortis also owns electrical utilities across Canada, the U.S. and the Caribbean. In addition, the company distributes natural gas in British Columbia, Arizona and… Read More
Artificial intelligence (AI) is an example of an investment idea that could boost your investment returns—or more likely end up costing you money. All in all, we think that the biggest, surest gains from AI will come from investing in established businesses that are already… Read More
Teck Resources now focuses on copper and zinc following the recent sale of its metallurgical coal mines in Western Canada. Metallurgical coal is a key ingredient for making steel.
We feel the move will benefit investors, as copper and zinc have a much brighter future than… Read More
THOMSON REUTERS CORP. $227 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 449.7 million; Market cap: $102.1 billion; Price-to-sales ratio: 10.5; Dividend yield: 1.3%; TSINetwork Rating: Above Average; www.thomsonreuters.com) recently sold its remaining stake in London Stock Exchange Group… Read More
CANADIAN NATIONAL RAILWAY CO., $159.60, Toronto symbol CNR, remains a buy for long-term gains.
CN operates Canada’s largest railway. Its 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
The stock fell 4% this week after… Read More
On July 1, 2015, due to pressure from billionaire activist investor Carl Icahn, online auction firm eBay split off its electronic-payment business, PayPal, as a separate firm. Investors received one PayPal share for each eBay share they held.
After the spinoff, eBay rose from a low… Read More
TECK RESOURCES LTD., $69.23, Toronto symbol TECK.B, remains a buy.
The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc.
In November 2023, Teck agreed to sell its coal business, known as Elk Valley Resources (EVR).
In January… Read More
The shares of e-commerce pioneer eBay have gained 25% since the start of 2024. That’s due to its strategy of attracting customers to its auction sites with new services, such as authenticating trading cards, sneakers and other collectibles. The company is also using its improving… Read More
THOMSON REUTERS CORP. $234 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 455.3 million; Market cap: $106.5 billion; Price-to-sales ratio: 11.3; Dividend yield: 1.1%; TSINetwork Rating: Above Average; www.thomsonreuters.com) recently sold its remaining stake in financial information provider Refinitiv… 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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