Investing in Canada: Top Equity Picks for Companies with Revenues Denominated in Canadian Dollars; How Will The Exchange Rate Changes Affect Your Future Investments?

RELATED QUOTES

SymbolPriceChange
XIU.TO21.49+0.04
XFN.TO31.99+0.23
MFC13.98+0.22
ECA.TO12.76-0.18

67 WALL STREET, New York - February 8, 2013 - The Wall Street Transcript has just published its Investing in Canada Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Investing in Canada - Long-Term Investing - Canadian Dollar Investing - Value Investing

Companies include: Canadian Natural Resources Lim (CNQ), Bank of Montreal (BMO), The Bank Of Nova Scotia (BNS) and many more.

In the following excerpt from the Investing in Canada Report, an experienced portfolio manager discusses his investing methodology and top investment picks.

TWST: What are some of your favorite investment ideas right now? Please tell us a bit about them.

Mr. Hofstra: Constellation Software (CSU.TO), which is a company that the firm has held for a long time. Essentially they are a holding company and were created to be a holding company from the outset, to acquire other small software companies. The markets they look at are these highly vertical markets. So think of a golf course scheduling software, that type of thing, and they'll come in and completely dominate that niche market. And they'll do that across things like bus scheduling, but they will come in and dominate these various niches with these smaller software companies, and then look to aggregate these and share best practices and so on.

Because they are a software company, typically do not have to deploy much capital, and they can often do an earn out with the acquisitions. The software is licensed, so there are generally upfront payments. It's a company that we think has taken a while for the market to really recognize its capacity to grow, and one that we've done very well with at Manitou. It instituted a dividend over a year ago, and it's now in the index, so it's become a company that's certainly gaining more attention. That would be one of our favorites.

TWST: Are there any other examples you could share?

Mr. Hofstra: Maybe we can touch upon a few different types of companies. One is Magna (MG.TO), the auto-parts producer, Frank Stronach's company. Frank has now fully left the company, he has other political aspirations, so it was a good agreement as far as his stepping aside. But it's a company that we've known and followed for quite a while and have owned at various points in time. It's a cyclical, what we call a high-quality cyclical; they tend to earn a lot of money over a cycle, but certainly there are ebbs and flows within the auto market, and there's no avoiding the impact on their earnings. So it is one you want to be careful with, but one we've owned through last year, and has done very, very well for us.

We are in the energy area, particularly in energy services, a company like Ensign Energy (ESI.TO), which provides drilling rigs. We've recently acquired a position in Canadian Natural Resources (CNQ). That's a producer, known for their oil sands projects, but also with traditional oil and natural gas. And we have Bank of Montreal (BMO) and Bank of Nova Scotia (BNS); we certainly do see good value in some of the banks today.

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Political Hotspots May Bubble Up on G-20 Sidelines in China Bloomberg - 38 minutes ago

    Last year’s summit in Turkey was overshadowed by Islamic State’s deadly attacks on Paris just days before. The previous year in Australia, talks were dominated by Russia’s occupation of Crimea and its alleged support for Ukraine separatists. The … More »

  • EU tax avoidance action could hurt foreign investment: U.S. Treasury Reuters - 43 minutes ago

    The actions of European regulators could hurt foreign investment, the U.S. Treasury said on Tuesday after the European Commission ruled Apple must pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government. "The … More »

  • White House 'concerned' EU tax penalty on Apple may hit U.S. taxpayers Reuters - 43 minutes ago

    The White House said on Tuesday it was concerned about a European Commission order for Apple Inc to pay billions in unpaid taxes to Ireland because it seemed TO undermine joint U.S.-EU progress on creating a more fair international tax system. … More »

  • EU hits Apple with 13 billion euro Irish tax demand
    EU hits Apple with 13 billion euro Irish tax demand Reuters - 43 minutes ago

    BRUSSELS/DUBLIN (Reuters) - The European Commission ordered Apple Inc to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company's tax … More »

  • S&P 500’s August Advance in Peril as Apple Slumps; Dollar Climbs Bloomberg - 48 minutes ago

    The S&P 500 Index dropped from near a record high as the iPhone maker was ordered to pay 13 billion euros ($14.5 billion) plus interest in a European Union tax crackdown. The dollar rose against most of its major peers, while Treasuries held onto … More »

  • Oil falls on strong dollar, crude glut; storms limit losses
    Oil falls on strong dollar, crude glut; storms limit losses Reuters - 1 hour 21 minutes ago

    Oil prices fell Tuesday, with Brent losing nearly 2 percent, as the dollar rallied and glut worries grew amid forecasts for higher U.S. crude stockpiles and Iran's remark that it was on target to reach peak production. News that energy firms in the … More »

  • Business Highlights Associated Press - 1 hour 24 minutes ago

    ___ EU orders Apple to pay up to 13B euros in back taxes Apple has to pay up to 13 billion euros ($14.5 billion) — plus billions more in interest — in back taxes to Ireland after the European Union found ... … More »

  • Wall St. weighed by Apple but banks shine on
    Wall St. weighed by Apple but banks shine on Reuters - 1 hour 25 minutes ago

    Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline. The S&P 500 fell … More »

  • Templeton’s Hasenstab Finds Haven in Emerging-Market Assets (1) Bloomberg - 1 hour 26 minutes ago

    In this new economic world, emerging markets are becoming a surprising haven, according to Franklin Templeton bond manager Michael Hasenstab, who beat almost all his peers for years until making wrong-way bets on the yen and Treasuries. While his … More »

  • Perceptron reports 4Q loss Associated Press - 1 hour 30 minutes ago

    The Plymouth, Michigan-based company said it had a loss of $1.66 per share. Earnings, adjusted for non-recurring costs, came to 8 cents per share. The industrial measurement and inspection company posted ... … More »

  • EU ruling on Apple stirs calls for U.S. tax reform
    EU ruling on Apple stirs calls for U.S. tax reform Reuters - 1 hour 36 minutes ago

    A European Commission order requiring Apple Inc (AAPL.O) to pay Ireland $13 billion euros ($14.5 billion) in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax … More »

  • ICBC Halts Bad-Loan Increases With $6.3 Billion of Write-Offs Bloomberg - 1 hour 38 minutes ago

    ICBC wrote off 42 billion yuan ($6.3 billion) of loans in the first half, 35 percent more than a year earlier, an earnings statement showed Tuesday. “It’s a race of NPL formation against NPL disposal,” Yi Huiman, ICBC’s chairman, told analysts at a … More »

  • If Singapore Wants a Facebook, Dual-Class Shares Aren’t Enough Bloomberg - 1 hour 38 minutes ago

    Some of the world’s largest companies, including Facebook Inc. and Alphabet Inc., have multiple share classes, which usually are in place to allow minority shareholders to have majority voting rights. An independent body on Monday said it was in … More »

  • APNewsBreak: Ohio State tells alumni clubs to fall in line Associated Press - 1 hour 40 minutes ago

    Ohio State University is requiring its roughly 150 alumni clubs and societies to keep mum when it comes to disparaging comments about the school, or risk losing the money and other perks it provides them. ... … More »

  • How the Dow Jones industrial average fared on Tuesday Associated Press - 1 hour 51 minutes ago

    Stocks fell slightly on Tuesday in another quiet day on Wall Street as hesitant investors remained on the sidelines as a slow summer winds down. On Tuesday: The Dow Jones industrial average fell 48.49 ... … More »

  • US stocks mostly lower as investors wait for jobs report
    US stocks mostly lower as investors wait for jobs report Associated Press - 1 hour 55 minutes ago

    Stocks fell slightly on Tuesday in another quiet day on Wall Street as hesitant investors remained on the sidelines as a slow summer winds down. Shares of the candy company Hershey plunged after it walked ... … More »

  • Palo Alto forecasts revenue below estimates, shares drop
    Palo Alto forecasts revenue below estimates, shares drop Reuters - 1 hour 55 minutes ago

    (Reuters) - Cyber security firm Palo Alto Networks Inc forecast current-quarter revenue and profit below analysts' estimates, sending its shares down 3 percent in extended trading on Tuesday. However, ... … More »

  • CM posts 4Q profit Associated Press - 2 hours 1 minute ago

    The New York-based company said it had profit of 29 cents per share. Earnings, adjusted for investment costs, were 32 cents per share. The specialty finance company posted revenue of $7.8 million in the ... … More »

  • Ooma reports 2Q loss Associated Press - 2 hours 12 minutes ago

    On a per-share basis, the Palo Alto, California-based company said it had a loss of 19 cents. Losses, adjusted for stock option expense and amortization costs, came to 5 cents per share. The results exceeded ... … More »

  • Kurdish-backed fighters in Syria agree Turkey truce
    Kurdish-backed fighters in Syria agree Turkey truce AFP News - 2 hours 15 minutes ago

    Kurdish-backed militias in Syria agreed Tuesday to a US initiative to stop fighting Turkish forces whose week-old incursion in the country has stoked tensions between Washington and Ankara. The truce was announced separately by a senior US defence … More »

  • Matrix Service beats 4Q profit forecasts Associated Press - 2 hours 17 minutes ago

    The Tulsa, Oklahoma-based company said it had profit of 34 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for ... … More »

  • Markets Right Now: US markets end lower in quiet trading Associated Press - 2 hours 33 minutes ago

    The latest on developments in global financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower as a summer slowdown continues on Wall Street. Hershey slumped 11 percent and Mondelez ... … More »

  • Potash Corp, Agrium talk merger; competition scrutiny expected
    Potash Corp, Agrium talk merger; competition scrutiny expected Reuters - 2 hours 36 minutes ago

    WINNIPEG, Manitoba/WASHINGTON (Reuters) - Canada's Agrium Inc (AGU.TO) and Potash Corp of Saskatchewan Inc (POT.TO) said on Tuesday they are in talks to merge, a deal that would create a fertiliser and farm retailing giant worth more than $25 … More »

  • Deals of the day- Mergers and acquisitions Reuters - 2 hours 46 minutes ago

    ** Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Tuesday they are in talks to merge, a tie-up that would create a global fertilizer and farm retailing giant as the agriculture sector struggles with soft crop prices. ** … More »

  • Grain lower, livestock higher Associated Press - 2 hours 56 minutes ago

    Grain futures were lower Tuesday on the Chicago Board of Trade. Wheat for Sept. fell 7.25 cents at $3.6325 a bushel; Sept. corn lost 7.75 cents to 3.04 a bushel; Sept. oats was off .25 cent at $1.6175 ... … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123-0.001-0.81%
    N21.SI
    0.3550.0000.00%
    E5H.SI
    0.235-0.005-2.08%
    5ME.SI
    0.725-0.010-1.36%
    G13.SI
    0.315+0.005+1.61%
    5OT.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.12+27.91%
    BJZ.SI
    0.45+0.09+25.00%
    BFK.SI
    0.46+0.06+15.00%
    M05.SI
    0.23+0.03+12.20%
    BTJ.SI
    0.525+0.055+11.70%
    BQD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.02-13.33%
    5TI.SI
    0.20-0.03-13.04%
    AWI.SI
    0.176-0.024-12.00%
    A04.SI
    0.166-0.022-11.70%
    AWS.SI
    0.155-0.020-11.43%
    5WD.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3637-0.0001-0.01%
    USDSGD=X
    1.5201+0.0005+0.03%
    EURSGD=X
    1.7841+0.0007+0.04%
    GBPSGD=X
    75.4670+0.009+0.01%
    SGDJPY=X
    5.6873+0.0025+0.04%
    SGDHKD=X
    2.97120.000.00%
    SGDMYR=X
    9,766.3584+6.3438+0.06%
    SGDIDR=X
    4.8961-0.0008-0.02%
    SGDCNY=X
    1.0247+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,314.60-1.90-0.14%
    GCZ16.CMX
    18.60+0.02+0.12%
    SIU16.CMX
    91.84-5.09-5.25%
    ^XAU
    2.070.00+0.02%
    HGU16.CMX
    46.10-0.25-0.54%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.180.00
    ^FVX
    1.570.00
    ^TNX
    2.23+0.02
    ^TYX