03:38:57 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Open Text Corp
Symbol OTEX
Shares Issued 271,854,655
Close 2024-01-12 C$ 55.72
Market Cap C$ 15,147,741,377
Recent Sedar Documents

Globe says the 2MP does well by Open Text, others

2024-01-15 08:20 ET - In the News

Also In the News (C-BCE) BCE Inc (2)
Also In the News (C-CSH) Chartwell Retirement Residences Real Estate Investment Trust
Also In the News (C-CSU) Constellation Software Inc
Also In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Monday edition that if the stock market is hot, the Two-Minute Portfolio is not. The Globe's Rob Carrick writes that the basic rule of the 2MP is to invest equal amounts in the two largest dividend-paying stocks in each of the 11 sectors in the S&P/TSX Composite Index. The 2MP has outperformed over the long term mainly by losing less in down years. When stocks surge, the 2MP lags somewhat. In 2023, when equities had a good year, the 2MP flipped the script with a 15.8-per-cent total return of dividends and share price gains that compares with a gain of 11.8 per cent for the index. Last year was an odd one in that most sectors had a little something to offer, performance-wise. With exposure to each sector, the 2MP racked up wins everywhere. Mr. Carrick says information technology is a smallish sector in the Canadian market that is easily overlooked by investors. Both 2MP tech stocks, Constellation Software and Open Text, delivered returns greater than 40 per cent. In health care, Chartwell Retirement Residences produced a return of just over 46 per cent. The only sector that was deadweight for the 2MP last year was telecom, where BCE and Telus lost 5.8 and 4.2 per cent.

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