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!
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
TECK RESOURCES LTD. $66 remains a buy for the Resources sector of your portfolio. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 517.5 million; Market cap: $34.2 billion; Price-to-sales ratio: 2.4; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) recently sold 20% of its… Read More
Teck Resources has successfully negotiated the sale of its coal business, Elk Valley Resources, for $9.0 billion U.S.
It’s now focused purely on zinc and copper as it looks to expand the second phase of a huge copper mine in Chile. The firm is even looking… Read More
EMERA INC., $48.87, Toronto symbol EMA, is a buy.
The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. Another of Teco’s businesses… Read More
EMERA INC., $50.43, Toronto symbol EMA, is a buy.
The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. Another of Teco’s businesses… Read More
Over the last three and five years, Thomson Reuters’s shares have returned 105.1% and 173.4%, respectively. That’s dramatically better than the S&P 500’s returns of 27.7% and 92.9%.
The company’s financial stewardship is a major driving factor, as management has returned $5.8 billion to shareholders from… Read More
BCE INC., $45.96, Toronto symbol BCE, is still your #1 Income Buy for 2024.
The company is Canada’s largest traditional telephone service provider. It has 1.98 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.50 million high-speed Internet users and… Read More
CANADIAN PACIFIC KANSAS CITY LTD., $111.63, Toronto symbol CP, is 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.
CP paid $31 billion U.S. in cash and shares for KCS. At that time,… Read More
GENUINE PARTS CO., $162.39, New York symbol GPC, is a buy.
The company is a leading seller of replacement auto parts. It has about 10,000 company-owned stores (mainly operating under the famous NAPA banner) and independent outlets in North America, Europe, Australia and New Zealand. Genuine also… Read More
TECK RESOURCES LTD. $68 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 517.5 million; Market cap: $35.2 billion; Price-to-sales ratio: 2.3; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) sold 5.9 million tonnes of metallurgical coal (a key ingredient in the… 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.
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