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!
ROYAL BANK OF CANADA, $134.63, Toronto symbol RY, is still a buy.
The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).
HSBC operates 130 branches that mainly cater to businesses in industries that trade and… Read More
THOMSON REUTERS CORP. $189 is a buy. The company (Toronto symbol TRI; Conservative-Growth Dividend Payer Portfolio, Manufacturing Sector; Shares o/s: 455.5 million; Market cap: $86.1 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Highest; www.thomsonreuters.com) continues to wind down its indirect stake in financial information provider Refinitiv. In January 2021,… Read More
Shares in Thomson Reuters have appreciated 190.4% over the last five years as compared to 70.8% for the S&P500. This performance is based on strong demand for its expanding array of services.
New acquisitions suggest that trend is likely to continue, making this firm another of… Read More
TECK RESOURCES LTD., $49.40, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc.
Teck has agreed to sell its… Read More
THOMSON REUTERS CORP. $178 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 455.3 million; Market cap: $81.0 billion; Price-to-sales ratio: 8.7; Dividend yield: 1.5%; TSINetwork Rating: Above Average; www.thomsonreuters.com) continues to wind down its indirect stake in financial information… Read More
We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.
To further cut your risk, investors should stick with producers, such as the three we analyze… Read More
NEWMONT CORP., $39.43, New York symbol NEM, remains a buy for your long-term growth and as a hedge against inflation.
The company is the world’s largest gold miner, with major mines in North America, South America, Australia, and Africa. In addition to gold, it also produces… Read More
CANON INC. ADRs $24 is still a hold. The company (Over-the-counter Pink Sheets market symbol CAJPY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.1 billion; Market cap: $26.4 billion; Price-to-sales ratio: 0.9; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.canon.com) is a leading maker of printers,… Read More
The re-opening of the world’s economy in the wake of the COVID-19 lockdown spurred strong demand for building construction services and infrastructure projects. Here are three high-quality stocks to help you benefit from it.
CARRIER GLOBAL CORP. $55 is a buy. The company (New York symbol CARR; Conservative… Read More
ENBRIDGE INC., $47.60, Toronto symbol ENB, remains a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario and Quebec.
With the March 2023, payment, Enbridge raised… 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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