We asked our best analysts to share their favourite stocks this month. Here are their picks.
Adam Mancini: Transforce Inc. (TSX:TFI)
Transforce Inc. (TSX:TFI)
is a Canada’s largest trucking and logistics company, offering Package
& Courier, Less-Than-Truckload, and Truckload services. Transforce
has been expanding aggressively through acquisitions, with three major
acquisitions in 2014 alone.
With Transforce now taking time to digest its acquisitions—the most
recent being the $495 million takeover of rival Contrans Group Inc.—the
company has available several catalysts to boost share price. The
Contrans acquisition alone is expected to be 17% accretive to EPS once
fully integrated. In addition, Transforce is considering spinning off
its Truckload segment, so it can focus more on its rapidly growing
Package & Courier segment. This spin-off should unlock significant
value. (more)
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Good picks! I'm not familiar with TFI but since I'm sure it's seeing the fruit of the several acquisitions it made last year. I'll look into it
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