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As recessionary darkness passes, dividends rise and shine
Hear that? That's the sound of no major dividend cuts this earnings season.It's a welcome relief from past quarters when dividend stalwarts such as General Electric announced earnings were too weak to pass along the normal payout to shareholders.
Dividend lovers take note
INVESTMENT REPORTER Attention dividend investors: You haven't missed the boat.True, the stock market has been on steroids since hitting its March lows, but there are still plenty of juicy dividend yields out there.
COVER STORY
Gerry Schwartz, Bay Street's master of the leveraged buyout, got it wrong.A little more than two years ago, the Onex Corp. chairman stood in front of his shareholders and said he saw trouble on the horizon. Times were good. Banks were giving away loans easily. Companies were taking on oodles of new debt, and some wouldn't be able to handle it once the economy turned soft.
Risk is everywhere: Know where you stand
The common wisdom on investing risk is that things go down as well as up, but in the long run you win.If you're happy with that level of understanding about the hazards of being in the stock market, that's fine. But if you've watched the market gyrations of the past week and want to know more about the potential danger spots in your portfolio, then read on because this edition of the Portfolio Strategy column is all about risk.
Funds engage juggling skills
With crude oil prices floundering at the $60 (U.S.) level and the future of energy trusts looking grim, there's a good chance that old Canadian equity fund is -- or is about to be -- undergoing major changes. At each end of the spectrum, portfolio managers are caught between squeezing every last cent from the oil and gas boom, and cashing out and looking for the next boom in the next sector.
Oh where oh where have all the big trust IPOs gone?
One of the oldest sayings in corporate finance is that when the ducks are quacking, feed 'em.Right now, income-hungry investors are squawking for quality income trust offerings. To their dismay, the dealers are finding that they have little to offer buyers. There's a good chance the RRSP season will come and go without a debut by any of the large-trust initial public offerings that the financiers expected to sell.
Zero to a billion in two years flat
Bob Rusko got an eerie feeling when he first stepped into the office of Portus Alternative Asset Management Inc.It was midnight on Friday, March 4, and Rusko's team had been trying to get into the company's two offices in downtown Toronto all evening. Portus had been put into receivership by an Ontario court that afternoon and Rusko, a senior vice-president at KPMG Inc., was named receiver.
Business trusts no laughing matter
Hardened money managers hooted with laughter back in 1997 when mattress maker Simmons Canada Inc. was flipped into an income trust.The same crowd giggled when the grocers at George Weston Holdings Ltd. lined the shelves with a trust based on sardine canner Connors Bros. Ltd. But the professional investors had grown deadly serious by last year when a wet pet-food supplier, ice maker, cheque printer and no-name bleach plant all hit the trust market.
