An institutional investor from Wisconsin this week revealed that it has a 10% stake in Montreal retailer DavidsTea.
A document filed Thursday with the Securities and Exchange Commission indicates that Domo Capital Management owns 2.6 million shares of DavidsTea.
This block of shares makes Domo Capital the second largest shareholder in the company behind Placements Mauvais Jours, the private holding company of Herschel Segal.
Domo Capital’s investment philosophy is to invest for the long term in stocks that are undervalued and have fallen out of favor with investors despite strong fundamentals.
An administrator of Bausch Health this week bought nearly $ 2 million in shares of the Laval pharmaceutical company. Steven Miller bought 60,000 shares on Tuesday. He joined the board of directors this year.
The title of Lion will be added to the S & P / TSX Index starting December 20.
Three Quebec titles (Couche-Tard, Dollarama and WSP) are on the list of the best investment ideas in Canada for 2022 presented this week by RBC. This short list of 27 titles also includes names like Shopify, Royal Bank, Scotiabank, Restaurant Brands (Tim Hortons), Bank of Montreal, TD Bank, CIBC, Magna, Telus and CP.
Class B shares of Couche-Tard will convert to “A” shares at the end of Tuesday before being delisted from the Toronto Stock Exchange. As of Wednesday morning, the stock will trade under the symbol “ATD” without extension.
The National Bank this week lost the support of Desjardins Securities. Doug Young withdrew his buy recommendation after seeing the year-end results. “The title deserves a valuation premium, but the expansion of the multiple is limited. The results depend more on the capital markets than those of other banks, and I expect a moderate performance for these activities in 2022. ”
The problem with the results presented by National Bank is not that they are bad, underlines Meny Grauman of Scotia, it is simply that they are not as good as they once were. This analyst had withdrawn his purchase suggestion a week before the publication of the results.
Morgan Stanley on Friday initiated official coverage of CAE without recommending the purchase of the action of the Montreal manufacturer of flight simulators.
The withdrawal of the action of Bomber in November is linked in particular to fears surrounding a share issue following comments made by management during a conference call on October 28. In a note released Tuesday, RBC analyst Walter Spracklin, who spoke with management, said a stock issue is not on the cards and should be a relief for investors.
The Quebec titles ofOpsens, Senvest and Uni-Select all hit a 52-week high in Toronto this week. In contrast, those of Quebecor, Innergex, Stella-Jones, Lion, Lightspeed, Xebec, 5N More, Taiga, Hexo and Saputo just hit a low in the last 52 weeks.
As large companies are planning a face-to-face return, variants, such as Omicron, are likely to support demand for maintenance services. This is one of the reasons why John Zamparo, of the CIBC, has just changed his recommendation on GDI this week. Since Tuesday, he has suggested that his clients buy the title of the Montreal-based maintenance services company, noting in particular that the fall in the share this fall is exaggerated. “GDI remains a significantly more profitable business than it was before the pandemic. ”
Insurer Sun Life on Wednesday announced the acquisition of just over 6 million shares of Dialogue at a price of $ 8 in a private transaction with long-standing shareholders who have not been named. Power Corporation is said to be one of the vendors, to our understanding. The transaction makes Sun Life by far the largest shareholder in the Montreal virtual care company, with a stake which now stands at 23%.
A member of the board of directors of Fiera Capital has just bought nearly $ 115,000 of shares in the Montreal asset manager. Geoff Beattie bought 10,450 shares on November 25.