Stocks to Watch: ON Semiconductor Corporation (NasdaqGS:ON), Ball Corporation (NYSE:BLL): Are Shares Undervalued?
ON Semiconductor Corporation (NasdaqGS:ON) has a current MF Rank of 3293. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest […]
Stocks to Watch: The Sherwin-Williams Company (NYSE:SHW), Red Hat, Inc. (NYSE:RHT): Are Shares Undervalued?
The Sherwin-Williams Company (NYSE:SHW) has a current MF Rank of 5074. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest […]
Housing starts slow
Canada Mortgage and Housing Corp. says the pace of housing starts slowed in May. The housing agency say the seasonally adjusted annual rate of housing starts slipped to 202,337 units in May, down 13.3 per cent from 233,410 units in April. Economists on average had expected an annual rate of 205,000, according to Thomson Reuters […]
Mixed bag for Seaspan
For Vancouver shipbuilders, there’s good news and there’s bad news. The good news: the first two Coast Guard vessels built by Seaspan are nearing completion and Ottawa recently announced Seaspan will be tapped to build 16 more. The bad news: in the same announcement, Prime Minister Justin Trudeau said Ottawa is opening up the national […]
Will ban hurt industry?
An executive with the Chemistry Industry Association of Canada says a proposed ban on certain single-use plastics in Canada likely won’t affect billions of dollars in new petrochemical projects coming on stream in Alberta and Ontario. But executive vice-president Isabelle Des Chenes says her organization wants to be involved in the process to ensure regulations […]
Calgary council approves $60M in cuts to help ease commercial property taxes
Cuts and rebates will be used to trim non-residential property tax by 10% Calgary council unanimously voted to cut $60 million from the city’s budget and use $71 million from reserve funds in an emergency bid to lower commercial property taxes, hours after hundreds of business owners rallied outside city hall demanding relief. More than half […]