The wise investor | Big Buyer at CN

Every Sunday, we shine the spotlight on financial and stock market news items that may be useful to the investor, but which may have passed under the radar.




A CN administrator has just bought a million dollars in shares of the Montreal rail carrier.

The ex-CEO of Enbridge Albert Monaco bought a total of 6110 shares on Monday. He joined the board of directors of NC this spring.

Senior Vice President of Network and Internetwork Development, Keith Reardon, meanwhile sold 4,600 shares on May 5.

WSP announced mid-week that the board of directors had decided to terminate the dividend reinvestment plan of the Montreal engineering services firm. The move potentially signals, among other things, that the directors believe WSP’s stock is currently undervalued, according to Canaccord analyst Yuri Lynk.

The 6% dividend yield offered by the action of the Montreal sugar refiner Rogers Sugar continues to be enticing in the wake of the presentation of the financial results published this week. Scotia analyst George Doumet, however, urges investors to tread carefully given the stock’s current valuation and management continues to evaluate its options for funding the expected increase in capacity of the Montreal sugar refinery. None of the five analysts interested in the title offers the purchase.

The fall of the titleInnergex created an “attractive entry point” in the eyes of analyst Brent Stadler of Desjardins Securities. This expert now recommends buying the title of the Quebec producer of renewable energy. It changed its recommendation after another mid-week decline in the stock following the release of early-year results. He says he likes the value of the assets in the portfolio in the current context and attributes the disappointing performance of the last few months mainly to unfavorable weather conditions. They are 8 analysts out of 12 to say to buy.

The pressure continues on the action of Fiera Capital. The stock fell again this week on the heels of the early-year performance release, so the dividend yield is now above 12%.

The dazzling quarterly performance presented mid-week by Stella Jones does not change the opinion of analyst Maxim Sytchev of National Bank Financial. He remains the only analyst in seven not to recommend the purchase of the action of the Montreal manufacturer of telephone poles and railway sleepers. He explains that he does not want to cling to a single business segment mainly supported by price dynamics. He wonders how much longer pole sales will benefit from a robust pricing environment. “I am reluctant to take a position where all hopes are pinned on price sustainability. »

THE VAT group is under greater pressure than expected and this is what prompts a further downward revision of the forecasts of the only analyst to officially follow the Quebecor Media subsidiary. Adam Shine, of the National Bank Financial, therefore recommends since Tuesday to drop the title of TVA. Its target price of $2 over a 12-month horizon rises to 70 cents. His decision is notably linked to a greater than expected deterioration in profitability in all business sectors.

An administrator of 5N More bought in the middle of the week for $330,000 of shares in the Montreal semiconductor producer. Jean-Marie Bourassa bought a block of 100,000 shares on Wednesday at a price of $3.30. He now owns over 1.5 million shares of 5N Plus. Jean-Marie Bourassa has been a member of the Board of Directors for 16 years.

The Quebec titles of SNC Lavalin, Hardware store Richelieu And Stella Jones reached a new 52-week high on the Toronto Stock Exchange this week. On the other hand, those of VAT, Innergex And Fiera Capital hit a 52-week low this week.


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