RBC Capital has released a list of stocks on the S&P/TSX Composite Index it claims will have the most “predictable” positive performance.
“Predictability factors tend to perform well during low earnings growth environments or periods of high market volatility,” RBC analyst Chad McAlpine said in a note on Wednesday. The list was produced using RBC's proprietary computer models and boasts “defensive, high-quality names ... they offer strong growth profiles at attractive valuations,” he said.
Telus Corp.(TU) and BCE Inc. (BCE) are expected to finalize a decision to upgrade their cellular networks for 3G soon. This means equipment costs of C$75,000 to C$100,000 per site, according to Jeffrey Fan at UBS Securities. With roughly 5,000 locations for both companies, he told clients that this translates into anywhere from C$360-million to C$480-million in total combined costs.
Meanwhile, Nokia Siemens Networks and Huawei Technologies are the companies Mr. Fan considers well-positioned to capitalize on the additional spending from...
Quebecor World Inc. (IQW) shares were up 92% or C$0.13 to C$0.27 at 11 a.m. ET on Wednesday after the company said it has been awarded a new contract with The McGraw-Hill Companies extending into 2014.
The new agreement is valued at approximately C$285-million over its term and covers a wide range of educational textbooks, ancillary products, professional learning products and catalogs.
While doubts about the C$52-billion leveraged buyout led by the Ontario Teachers? Pension Plan have left shares of BCE Inc. (BCE) more than 15% below the offer price of C$42.75, Canada?s largest telecom company hopes to show that it is on solid footing when it reports fourth quarter results today.
Ahead of this report, UBS analyst Jeffrey Fan upgraded BCE to a ?buy? with a target price of C$42.75.
Now that Quebecor World Inc. (IQW) has filed for creditor protection, parent Quebecor Inc. [QBR.B/TSX] is ready to move on and should be all the better for it, according to UBS analyst Jeffrey Fan.
Quebecor Inc. took a big step in severing ties with Quebecor World on Monday following the latter's creditor protection announcement, by formally advising Quebecor World that it must remove "Quebecor" from its corporate name.
Cormark Securities analyst David McFadgen officially shut the book on Quebecor World Inc. (IQW) coverage after the company announced earlier this morning that the rescue financing proposal from Quebecor Inc. and Tricap Partners was rejected by Quebecor World's lenders.
In a note to clients he said:
Accordingly, it will seek bankruptcy protection [CCAA] today. We are cutting our target from $C0.25 to NIL. Given the equity of Quebecor World is now basically worthless, we are dropping coverage of [it].
Shares in Quebecor World Inc. (IQW) fell to new lows on Wednesday as the printing giant headed toward a bank-imposed deadline with a proposed bailout plan that would leave existing shareholders with a fraction of the company's equity.
Quebecor World stock fell 42% to $0.47, while its two classes of preferred shares fell by 30% and 44%. The equity values collapsed after the company said late Monday a bailout package proposed by parent Quebecor Inc. and Brookfield Asset Management Inc. unit...
With earnings season under way, investors are looking for companies that will beat expectations. They are also watching out for those that may disappoint. And that?s where our friends at StarMine come in.
Using the research firm?s SmartEstimate, which is based on the most recent forecasts from the most accurate analysts, we are able to highlight some of the names whose profits are expected to meet or beat consensus estimates, and those who may yield negative earnings surprises. However, this time...
Can't decide between cable companies and telecoms for your next 2008 stock pick? RBC Dominion Securities analyst Jonathan Allen is betting that cable is the safer option of the two as free cash flow in the sector should expand significantly over the next year or two.
Of the top cable stocks, Mr. Allen recommends Rogers Communications Inc. (RG), Shaw Communications Inc. (SJR), Cogeco Cable Inc. [CCA/TO] and Quebecor Inc. (IQW) as the upcoming wireless auction is expected to create uncertainty in...
Quebecor World Inc. (IQW) is racing to avoid bankruptcy given deadlines of Jan. 15 to secure $125-million in new financing and until the end of the month to refinance its credit facility debt. The requirement to reduce the troubled commercial printer?s current credit facility to $500-million by Feb. 29 comes from both its banking syndicate and the sponsors of its North American securitization program.
Last week, Quebecor World acknowledged that it may not secure the...
On November 2, 2008, an Accord for Implementation of Social Dialogue in the Graphical Industry of Chile was signed in Santiago by the Labor Minister of Chile, Osvaldo Andrade Lara; the President ...
Insolvent printer Quebecor World (TSX:IQW) has attracted the wrath of former parent company Quebecor Inc. (TSX:QBR) with its decision to purchase a rival press to print advertising inserts ...
(November 30, 2008) Montréal, Canada ? Quebecor (Stock Price Web Site Related Articles Google) World Inc. announced today it is purchasing two new state-of-the-art short cutoff retail offset ...
MONTREAL, CANADA, Nov 27, 2008 (MARKET WIRE via COMTEX) -- Quebecor World Inc. (CA:IQW: news, chart, profile) today announced that it has determined the final conversion rate applicable to the 66 ...
Quebecor World says it has ordered three new wide format manroland insert presses. While exact details of the press technologies and locations are yet to be disclosed, the Montreal-based printer ...
MONTREAL -- Quebecor World Inc., the Montreal-based commercial printer, says it is buying two new short cutoff retail offset presses to expand its capacity to produce retail insert flyers in the ...
MONTREAL, CANADA, Nov 24, 2008 (MARKET WIRE via COMTEX) -- Quebecor World Inc. (CA:IQW: news, chart, profile) today announced the launch of store.driver(TM), a compact, high-quality, 100 ...
MONTREAL, CANADA, Nov 19, 2008 (MARKET WIRE via COMTEX) -- Quebecor World Inc. (CA:IQW: news, chart, profile) today announced it has been awarded substantial new print volume from US Weekly. The ...
Commercial printing firm Grafikom, Toronto, 500 employees, shut down operations. The company, formed in 2005 when Quebecor World Inc. sold six plants to managers for $53 million, went into ...
SAN FRANCISCO (MarketWatch) - The high-yield market, which frequently plays the lead in financial disruptions, has been relegated to more of an understudy role during the past months' credit contractions. Now it may be stepping into the spotlight.
SAN FRANCISCO (MarketWatch) - More companies are expected to default on their bonds this year as developed economies slow and credit conditions remain tight, pressures that pushed two North American companies into bankruptcy this week and that promise to keep roiling financial markets, analysts said.
SAN FRANCISCO (MarketWatch) -- Quebecor World Inc. on Tuesday reported fourth-quarter net earnings of $11.4 million. During the same quarter a year ago, the Montreal-based provider of commercial print media services posted a net loss of $210.6 million. Earnings from continuing operations were $11.6 million, or 3 cents a share. A year ago, the loss from continuing operations was $205 million, or $1.64 a share. The results include impairment of assets, restructuring and other charges of $46.2 million or 25 cents a share. Excluding these items, earnings were 28 cents vs. 21 cents a share. Quebecor World reported revenue...
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Last week, Quebecor World acknowledged that it may not secure the...
