A 50% jump isn’t reason to buy

ONESTREAM INC. $30 is a hold. The company (Nasdaq symbol OS; Manufacturing sector; Shares outstanding: 156.6 million; Market cap: $4.7 billion; No dividend paid; Takeover Target Rating: Lowest; www.onestream.com) makes software that helps over 1,400 companies prepare and report their financial statements. It also helps with planning, budgeting and… Read More

Spinoffs & Takeovers Hotline – Friday, August 16, 2024

ITT INC., $135.04, symbol ITT on New York, manufactures highly engineered critical components and customized technology solutions primarily for the transportation, industrial and energy markets. It operates in three primary segments: Motion Technologies (44% of revenue), Industrial Process (34%), and Connect & Control Technologies (22%).

Geographically,… Read More

Hospital operator plans to go pubic

ARDENT HEALTH PARTNERS INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on New York under the symbol ARDT.
The company is the fourth-largest privately held, for-profit operator of hospitals and care services in the U.S…. Read More

Q: Hi Pat & Team. Just a quick question. I have seen some interesting comments on OceanaGold lately. What’s your view on OceanaGold as a buy? Thanks in advance.

A: OceanaGold Corp., $3.19, symbol OGC on Toronto (Shares outstanding: 711.2 million; Market cap: $2.3 billion; www.oceanagold.com), is a mid-sized gold and copper producer.

Based in B.C., the company has a portfolio of four operating mines.

The Haile open pit and underground mine, located in Kershaw, South… Read More

Be wary of this recent IPO

ASTERA LABS INC. $73 is a hold. The company (Nasdaq symbol ALAB; Manufacturing sector; Shares outstanding: 155.5 million; Market cap: $11.4 billion; No dividend paid; Takeover Target Rating: Medium; www.asteralabs.com) designs computer chips that speed up the transfer of data between cloud-based networks and artificial intelligence (AI) software applications.
On… Read More

Let our stock updates help direct you

INDIGO BOOKS & MUSIC INC. $2.46 is a hold. The company (Toronto symbol IDG; Consumer sector; Shares outstanding: 27.8 million; Market cap: $68.4 million; No dividend paid; Takeover Target Rating: Lowest; www.chapters.indigo.ca) operates 172 bookstores, mainly under the Chapters and Indigo banners.
Indigo’s major shareholders, Gerald W. Schwartz and his… Read More

Activist pressure lifts their stock prices

These two stocks have moved up recently in response to activist pressure. However, we feel Disney is in a better position to keep moving higher for its investors.
WALT DISNEY CO. $113 is still a buy. The company (New York symbol DIS; Consumer sector; Shares outstanding: 1.8 billion;… Read More

Q: Pat, I have followed your recommendations for years and have built a good portfolio on them. I have a question. What do you think of Canadian Apartment Properties REIT’s prospects going forward? Thank you.

A: Canadian Apartment Properties REIT, $45.10, symbol CAR.UN on Toronto (Units outstanding: 167.6 million; Market cap: $7.8 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks). Those rental properties are all located in or near major urban centres in… Read More

Social media darling plans an IPO

REDDIT INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on New York under the symbol RDDT.
Based in San Francisco, the company operates online forums that lets registered users (called “Redditors”) post and share content… Read More

This new IPO is off to a slow start

PERFECT MOMENT LTD. $5.36 is a hold. The company (NYSE MKT [formerly the American Stock Exchange] symbol PMNT; Consumer sector; Shares outstanding: 15.8 million; Market cap: $84.7 million; Takeover Target Rating: Lowest; www.perfectmoment.com) specializes in premium-priced skiwear, such as jackets, sweaters and pants, as well as non-ski apparel like… Read More