A humorous look at the companies that caught our eye, for better or worse, this week
Nov. 29 close: $5.02,
up 87 cents or 21% over week
It’s important to raise children who have an appreciation for the arts, which is why you should expose them to as much television as possible. DHX Media is here to help: The producer and distributor of children’s entertainment including Inspector Gadget, Caillou and Teletubbies struck a deal to acquire The Family Channel and three Disney channels from Bell Media for $170-million. Look for the new DHX series How to Double Your Allowance with Stocks, coming soon.
Nov. 29 close: $89.14 (U.S.),
up $8.06 or 9.9% over week
Nothing says I love you (and I secretly cheated on you) like a $10,000 diamond bracelet. And nothing will help you pay for that bracelet like an investment in shares of Tiffany. With sales rising around the world, led by a 27-per-cent gain in the Asia-Pacific region, the upscale jewellery retailer posted sharply higher third-quarter earnings and hiked its guidance, making the stock all sparkly and shiny.
Nov. 29 close: $45.02 (U.S.),
up $2.12 or 4.9% over week
Everyone loves Spam luncheon meat. That goes without saying. But for a special treat, try a slice of Spam slathered with Skippy peanut butter. Well, the combination worked for Hormel: The company best known for brands such as Spam, Dinty Moore and Jennie-O posted a 19-per-cent jump in fourth-quarter profit, helped by the $700-million acquisition of Skippy from Unilever earlier this year. Hormel investors can afford to eat out.
Nov. 29 close: $40.71 (U.S.),
down 16 cents or 0.4% over week
Fresh Market prides itself on selling the best organic produce, choicest cuts of meat and finest imported cheeses. Too bad its stock has turned into a putrid, rotting mess. With third-quarter sales and earnings missing analyst estimates earlier this month and the company trimming its full-year outlook, Goldman Sachs this week cut its rating on the stock to “neutral” and slashed its price target to $43 from $59. Investors are buying their groceries elsewhere.
Nov. 29 close: $77.60,
up $4.03 or 5.5% over week
Translated into English, Couche-Tard means “night owl” or “goes to bed late.” So how come they don’t sell owls or beds there? Go figure. Anyway, it doesn’t seem to have hurt them: The Quebec-based convenience store giant – with 6,000 locations spread across Canada, the United States and Europe – reported a 27-per-cent gain in second-quarter earnings and boosted its dividend, sending the stock to a record. Shareholders are sleeping well.