A humorous look at the companies that caught our eye, for better or worse, this week
MTY Food Group
What do Mr. Sub, Country Style and TacoTime have in common – apart from being the perfect place to impress your date? The fast-food brands all belong to franchisor MTY Food Group. If you really want to impress your date, buy her some MTY shares: The stock jumped after the Montreal company agreed to buy Extreme Pita and Mucho Burrito from Extreme Brandz for $45-million. That’s a lot of meatball subs.
What? Dividend stocks don’t go up forever?
Apparently not. Shares of pipeline operator Enbridge – the poster child for dividend growth – sprang a leak as bond yields climbed and major shareholder Noverco decided to unload 15 million Enbridge shares – roughly one-third of its stake. Judging by the 7-per-cent drop in Enbridge’s stock this week, Noverco may have started a trend.
Ever feel mildly depressed, anxious or irritable? The pharmaceutical industry has a pill for you.
Ever feel poor? There’s a pharmaceutical stock for you: Shares of Valeant surged to a record after it agreed to buy eye-care giant Bausch & Lomb for $8.7-billion, giving the Montreal company control of a broad lineup of contact lens products, prescription eye medicines and surgical implants. Shareholders can see the money very clearly now.
Sometimes companies are such greedy pigs. Take Shuanghui Group of China. Not content with being the largest pork producer in its own country, the company is paying $7.1-billion to acquire Smithfield Foods, a major U.S. purveyor of ham, bacon, sausage and other pork products. Smithfield investors are squealing with delight – but the real pigs are said to be less than thrilled with the idea.
Fun in the sun:
1) Use a magnifying glass to burn a cool tattoo onto your skin!
2) Have a sunburn contest – whoever gets the reddest wins!
3) Better yet, buy shares of First Solar.
The stock soared after Goldman Sachs upgraded the maker of solar power systems to “buy” and hiked its price target to $64 from $43, citing the company’s transformation into a “free cash flow story.” Sunshine on my shoulders makes me money ...