05:44:39 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Atco Ltd
Symbol ACO
Shares Issued 101,462,823
Close 2016-02-11 C$ 37.26
Market Cap C$ 3,780,504,785
Recent Sedar Documents

Successful Inv refreshes Atco buy

2016-02-11 21:02 ET - In the News

The Successful Investor, in its February, 2016, issue, refreshes its buy of Atco Ltd., recently $35. The Investor said buy 11 times from September, 2009, to November, 2015, at prices ranging from $38 to $83 (the stock split 2 for 1 on June 17, 2013). Assuming an investment of $1,000 for each of the 11 buys, the $11,000 position would now be worth $11,830. The utility has sold its Atco Emissions Management subsidiary for an undisclosed sum. This business helps oil and gas producers and electricity providers reduce noise and air pollution. The newsletter says small deals such as this one help simplify Atco's complex holding company structure, which should improve its long-term value. The Class I non-voting shares are more liquid than the Class II voting shares. The stock remains a buy.

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