01:24:58 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 401,562,868
Close 2017-02-22 C$ 42.87
Market Cap C$ 17,215,000,151
Recent Sedar Documents

Globe says safety and value seen in Fortis, others

2017-02-23 08:02 ET - In the News

Also In the News (C-AEM) Agnico Eagle Mines Ltd
Also In the News (C-ENGH) Enghouse Systems Ltd
Also In the News (C-IAG) Industrial Alliance Insurance and Financial Services Inc
Also In the News (C-IFP) Interfor Corp
Also In the News (C-SW) Sierra Wireless Inc

The Globe and Mail attempts to identify Canadian growth stocks that offer safety and value in its Thursday, Feb. 23, edition. The Globe's Sean Pugliese writes in the Number Cruncher column that he searched for expanding companies by looking at Canadian-listed equities with positive revenue expansion over the past three years. He sorted the list from highest to lowest on this measure. He narrowed it down further by limiting the list to companies with a market capitalization of $1-billion or more. He views market capitalization as a safety factor, as larger companies usually have reliable revenue streams and tend to be more liquid. Mr. Pugliese says he likes large, stable businesses that can expand as that should increase the value of the company and its share price. He says, "We like to get paid while we wait for capital appreciation." Dividends generally reflect safer and steady earnings profiles. Mr. Pugliese says he likes companies that can do both -- improve business and pay dividends. Stocks that blend safety and value are Fortis, Enghouse Systems, Sierra Wireless, Interfor, Industrial Alliance Insurance and Financial Services and Agnico Eagle Mines.

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