The shares of Finning and Toromont have moved down lately in response to lower commodity prices. However, recent acquisitions put both companies in a strong position to expand their earnings when commodity prices rebound.
FINNING INTERNATIONAL INC. $25 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry… Read More
These two distributors of Caterpillar heavy equipment continue to see strong cyclical demand for their products. That has pushed up their share prices, but these stocks are still attractive in relation to their projected earnings.
FINNING INTERNATIONAL INC. $32 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing &… Read More
LISTEN:
TOROMONT INDUSTRIES LTD. $66 (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares o/s: 81.3 million; Market cap: $5.4 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Above Average;… Read More
TOROMONT INDUSTRIES LTD. $66 (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares o/s: 81.3 million; Market cap: $5.4 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Above Average; www.toromont.com) distributes a broad range of industrial equipment, including machinery made by Caterpillar. It also makes refrigeration… Read More
Based on the evidence so far, this 2017 acquisition looks like a good fit.
With its heavy equipment franchises in Quebec and Atlantic Canada, this newly acquired firm seems like an ideal complement to this stock’s dealerships in Ontario, Manitoba and Nunavut. As a bigger… Read More
CANADIAN NATIONAL RAILWAY CO., $114.68, Toronto symbol CNR, operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
With the March 2018 payment, the company raised its quarterly dividend by… Read More
CANADIAN NATIONAL RAILWAY CO., $117.78, Toronto symbol CNR, operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
In response to severe winter weather that disrupted CN’s operations in the… Read More
LOBLAW COMPANIES LTD., $64.77, Toronto symbol L, operates 1,084 supermarkets across Canada. It also owns the Shoppers Drug Mart chain of 1,335 drugstores.
Starting with the July 2018 payment, the company will raise its quarterly dividend by 9.3%. Investors will then receive $0.295 a share, up… Read More
MITEL NETWORKS CORP., $14.33, symbol MNW on Toronto, makes technology that integrates landlines and mobile phones. It also offers call centre and videoconferencing products.
The company has attracted a friendly $11.15 U.S.-a-share ($14.35 Cdn.) takeover bid from an investor group led by private-equity firm Searchlight Capital… Read More
TOROMONT INDUSTRIES LTD., $57.94, symbol TIH on Toronto, distributes a range of industrial equipment, including machinery made by Caterpillar Inc. It also makes refrigeration systems through its CIMCO business.
In the three months ended December 31, 2017, Toromont’s revenue jumped 67.2%, to $822.8 million from $492.2… Read More
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