NEW YORK (TheStreet) — Almost every morning I start the day by reading articles on world business news. Very often there are glowing analysts’ reports about profitable turnaround opportunities outside the U.S. Investing in U.S. stocks can be complicated enough without having to worry about opening a foreign trading account, currency exchange rates and trying to report trading profits and losses in foreign exchanges.
An easy way to overcome all that is to see whether the foreign company you like is traded on U.S. exchanges as an American depositary receipt or global depositary receipt. Most stock-exchange screeners cover these in their data bases. If not, you can find information on the Internet or some of the brokerages that deal in ADRs, like BNY Mellon, JPMorgan or Deutsche Bank.
Best Canadian Companies To Watch In Right Now: Safeway Inc.(SWY)
Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company operates stores that provide an array of grocery items, food, and general merchandise, as well as features specialty departments, such as bakery, delicatessen, floral, and pharmacy, as well as coffee shops and fuel centers. It also offers SELECT line of products that include baked goods, sparkling ciders and lemonades, salsas, whole bean coffees, frozen pizzas and entrees, and fresh and dry pastas and sauces, as well as an array of ice creams, hors d’oeuvres, and desserts; O ORGANICS line, which comprises milk, chicken, salads, juices, and entrees; Lucerne line of dairy products; Eating Right line of better-for-you products; Bright Green line of home care products; Total Pet Care line of pet foods and pet care products; and Value Red line of value-priced paper goods. As of December 31, 2009, Safeway operated approximately 1,725 stores in California, Oregon, Wash ington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area, and the Mid-Atlantic region, as well as British Columbia, Alberta and Manitoba/Saskatchewan. In addition, the company owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel, doing business under the names Safeway.com, Vons.com, and Genuardis.com; and Blackhawk Network Holdings, Inc., which provides third-party gift cards, prepaid cards, telecom cards, and sports and entertainment cards to North American retailers for sale to retail customers. Additionally, it engages in gift card businesses in the United Kingdom, France, Mexico, and Australia. Further, the company, through a 49% ownership interest in Casa Ley, S.A. de C.V. operates 156 food and general merchandise stores in Western Mexico. The company was formerly known as Safeway Stores, Incorporated and changed its name to Safeway Inc. in February 1990. Safeway was founded in 1915 and is based in Pleasanton, California. Advisors’ Opinion:
- [By Charles Sizemore]
Supermarket giants Albertsons and Safeway (SWY) made news last week by agreeing to merge, creating a combined company that will fall just shy of Kroger (KR) in terms of store count. Cerberus Capital, the private equity firm that owns Albertsons, has offered to pay $40 per share for Safeway.
- [By abirk]
Further, to strengthen its foothold, recently, Kroger approached Safeway Inc. (SWY), the second-largest grocery store chain in the U.S., about acquiring some of that company’s operations.
Best Canadian Companies To Watch In Right Now: Potash Corporation of Saskatchewan Inc.(POT)
Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; and industrial acids that are used in food products and industrial processes. In addition, the company produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Further, it holds the right to mine 785,759 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers primarily to retailers, dealers, co-operatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation was founded i n 1953 and is based in Saskatoon, Canada.
- [By Rich Duprey]
But the remaining non-core assets that would be available for disposition have largely been depressed, meaning they wouldn’t command as high a price on the market. The miner has attempted to create shareholder value by pursuing several large takeovers, such as its failed bids for both Rio Tinto iron ore assets in 2010 and PotashCorp (NYSE: POT ) , both of which ran into governmental opposition. It was the failure to merge with the latter that led to BHP’s acquiring the massive Jansen deposit in Saskatchewan that created the miner’s potential fifth pillar.
- [By Rich Duprey]
There seems little worry that PotashCorp (NYSE: POT ) will cut its dividend — which it called “sacrosanct” this past December — even though it’s planning on cutting some 18% of its workforce this year in the face of flagging demand.
Best Canadian Companies To Watch In Right Now: Silvercorp Metals Inc(SVM)
Silvercorp Metals Inc. engages in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada. The company holds interests in four silver, lead, and zinc mines, including the Ying Project, the HPG Project, the TLP Project, and the LM Project at the Ying Mining Camp in the Henan Province of China. It also holds interests in the GC Project, a silver, lead, and zinc mine in the Guangdong Province; and the BYP gold, lead, and zinc mine project in Hunan province, as well as the Silvertip silver, lead, and zinc mine project in northern British Columbia, Canada. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
- [By Brian Pacampara]
What: Shares of silver miner Silvercorp Metals (NYSE: SVM ) plunged 12% yesterday after its quarterly results disappointed Wall Street.
- [By Lisa Levin]
Silver: This industry jumped 2.71% by 10:40 am. The top performer in this industry was Silvercorp Metals (NYSE: SVM), which rose 5%. Silver futures jumped 3.28% to trade at $20.01 an ounce.
Best Canadian Companies To Watch In Right Now: NEW GOLD INC.(NGD)
New Gold Inc. engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. The company primarily explore for gold, silver, and copper deposits. Its operating properties include the Mesquite gold mine in the United States; the Cerro San Pedro gold-silver mine in Mexico; and the Peak gold-copper mine in Australia. The company also has development projects, including the New Afton gold, silver, and copper project in Canada; and a 30% interest in the El Morro copper-gold project in Chile. The company was formerly known as DRC Resources Corporation and changed its name to New Gold Inc. in June 2005. New Gold Inc. was founded in 1980 and is headquartered in Vancouver, Canada.
- [By MONEYMORNING]
New Gold Inc. (NSYEMKT: NGD) completed its takeover of Rainy River Resources back in October. New Gold got 4 million ounces in a good jurisdiction (Ontario) and paid less than book value.
- [By Ben Levisohn]
January is nearing an end, and that means one thing: Gold miners will start announcing earnings. New Gold (NGD) will get things started on Feb 6, followed by Kinross Gold (KGC) on Feb. 12 and Goldcorp (GG) and Barrick Gold (ABX) on Feb. 13.
- [By Ben Levisohn]
Hamed singles out Goldcorp (GG) and Yamana Gold (AUY) as two companies that have strong production growth, falling costs, declining capital obligations and less debt than competitors. New Gold (NGD), meanwhile, should have the lowest all-on costs in the group at $731 an ounce, but its capital spending is likely to notes, Hamed says. Hamed rates Goldcorp and Yamana Overweight, while New Gold is rated Equal Weight.
Best Canadian Companies To Watch In Right Now: ENI S.p.A. (E)
Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. The company also involves in the production and sale of electricity; refining and marketing of petroleum products; and production and sale of petrochemical products and hydrocarbons. In addition, it engages in the offshore and onshore hydrocarbon field construction. Further, the company offers offshore and onshore drilling, and offshore design and engineering services for oil and gas companies. It has a strategic partnership with Gazprom for the joint development of projects in the upstream oil and gas markets. Eni SpA operates in Europe, Africa, Asia and Oceania, and the Americas. The company was founded in 1953 and is headquartered in Rome, Italy with an additional office in San Donato Milanese, Italy.
- [By Vanina Egea]
Integrated oil companies seem to have finally come out of the shadows. With a world economy on the rebound after the 2007/8 crisis, demand for oil began to climb again. However, as the activity slowdown affected some companies more than others, emerging market trends are expected to do so. For example, Europe has been the hardest hit region with respect to the oil & gas industry, and continues to slowly recover, in North America the gas boom reached its zenith and activities began to move offshore in the search for oil. For Eni (E) has been a troubled road since 2008, reflected by a deep decline on its stock face value. Although performance has been somewhat stable, stock value never recovered pre-crisis levels and gurus have not been very active on the stock. Can something different be expected from this integrated oil producer?
- [By Jim Jubak]
I’m going to sell ENI S.p.A. (E) out of my Dividend Income portfolio today. The dividend portfolio is too energy-heavy for my liking at the moment, given that I think oil prices are likely to be flat to lower in 2014, and given the likelihood of major supply and delivery disruptions this year. ENI—with its exposure to supply problems in Libya, Nigeria, Mozambique, and former (so far at least) Soviet republics such as Kazakhstan, and its exposure on the demand side to the less-than-robustly growing Italian economy—currently offers an unattractive mixture of risk and reward.
- [By Fede Zaldua]
Eni (E) is an authentic cash cow for its shareholders. I believe the company will be able to sustain a greater than 6% cash dividend yield in 2014 even when the company's estimated 2015 free cash flow (FCF) yield is at just 4%. Asset sales as well as high oil prices should help the company meet its capex requirements and to continue giving back cash to shareholders through dividends. The recent sale of its stake in Sever Energia to the Novatek-GazpromNeft Joint Venture represents a clear hint into the company's strategy. After all, Eni's portfolio has several high quality disposal candidates which could attract the industry's interest – the first disposal candidate that comes to my mind is the remaining 8% stake Eni owns in Galp. The Italian oil and gas leader, which is held by Tom Gayner, sells for 12.5 times 2014 earnings and 5.5 times EV/EBITDAX.
- [By Robert Rapier]
Over the past 12 months, domestic integrated oil companies like Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) are up 13 percent and 8 percent respectively, while Statoil (NYSE: STO) is down by 8 percent over the same period. Results were mixed for Statoil’s European peers, with Total (NYSE: TOT) up 11 percent and Eni (NYSE: E) down 6 percent.