formerly Toronto symbol TER, distributes natural gas in B.C. It also provides consulting and engineering services. The company is now owned by Fortis Inc.
Dear client:
Since 2004, Fortis has successfully used acquisitions to speed up its growth. Generally, we feel it pays to take a skeptical view of firms that use that strategy to fuel their expansion. That’s because hidden problems with new businesses can limit any expected profit… Read More
From June, 2017 TSI Dividend Advisor Issue:
Since 2004, Fortis has successfully used acquisitions to speed up its growth. Generally, we feel it pays to take a skeptical view of firms that use that strategy to fuel their expansion. That’s because hidden problems with new businesses… Read More
FORTIS INC. (Toronto symbol FTS; www.fortisinc.com) is the main power utility in Newfoundland and PEI.
In the past few years, the company has used several acquisitions to cut its reliance on Atlantic Canada.
These include its 2004 purchase of regulated power companies in Alberta and B.C. for… Read More
In the past two years, several of Canada’s leading utility companies have used acquisitions to expand in the U.S.
That kind of strategy tends to add risk. However, the three companies we analyze below have bought regulated utilities. Predictable revenue streams from these new businesses will… Read More
Fortis is one of those companies that seem to successfully expand through acquisition. The utility’s recent purchases have helped to diversify its geographical presence while also limiting its risk.
FORTIS INC. (Toronto symbol FTS; www.fortisinc.com) began supplying electricity to St. John’s,… Read More
It pays to take a skeptical view of companies that use acquisitions to expand. Unforeseen problems with these new operations can limit expected profit increases. In extreme cases, multiple problems can force the buyer to write off the entire purchase.
Of course, some companies do… Read More
It pays to take a skeptical view of companies that use acquisitions to expand. Unforeseen problems with these new operations can limit expected profit increases. In extreme cases, multiple problems can force the buyer to write off the entire purchase.
Of course, some companies do… Read More
Today, we look at a Canadian blue chip stock that has raised its dividend every year for the past 42 years. Fortis pursues an ambitious policy of growth by acquisition and we look at how the company aims to cushion the risk… Read More
FORTIS INC. $36 (Toronto symbol FTS; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 277.5 million; Market cap: $10.0 billion; Price-to-sales ratio: 1.7; Dividend yield 3.8%; TSINetwork Rating: Above Average; www.fortisinc.com) began supplying electricity to St. John’s, Newfoundland, in 1885. The company is… Read More
Thanks to a series of strategic acquisitions, Fortis’s assets have jumped from $4.6 billion in 2005 to $28.0 billion today.
Expanding by acquisition is usually riskier than internal growth. That’s because new businesses often come with unexpected problems and costs that can offset the extra… Read More
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