A humorous look at the companies that caught our eye, for better or worse, this week
If you want to put a smile on your five-year-old’s face this Christmas, tell him Santa doesn’t exist. Then, when he stops crying, hand him 100 shares of Mattel and say, “This is where toys really come from, son.” With the world’s biggest toy maker beating third-quarter earnings expectations on strong sales of Fisher-Price and Monster High products, he’ll thank you. Eventually
“Look, under there.”
“I just made you say underwear!”
Sure, underwear is hilarious. But if you’re Gildan Activewear, it’s also hugely profitable. Thanks to its modern, low-cost plants in Central America, the maker of socks, underwear and T-shirts is gaining market share, giving competitors such as Fruit of the Loom and Hanesbrands a wedgie.
Johnson & Johnson
From Band-Aids and baby shampoo to pharmaceuticals and medical devices, J&J makes a wide range of health care products. Lately, the company’s also been making something else: lots of money. Lifted by sales of new products such as prostate cancer drug Zytiga and anti-inflammatory Remicade, J&J beat earnings estimates and boosted its 2012 forecast, making its stock the picture of health.
Business quiz! Shares of Encana rose this week because:
a) The company discovered a massive gas deposit on Parliament Hill;
b) A Bay Street analyst upgraded the stock from “not with a 10-foot pole” to “lukewarm buy”;
c) Following Exxon Mobil’s $3.1-billion bid for Celtic Exploration, Hedgeye analyst Kevin Kaiser said Encana may be next on Exxon Mobil’s takeover list.
There once was a company called BCE
Whose deal for Astral seemed easy-peasy
But then came a shock
The deal was blocked
By those blankety-blanks at