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Tucows appointed as Dish Network's technology partner
https://themarketsignal.com/Free-Report/TC
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Tucows Inc. (TSX:TC) is a good long-term stock to invest in because 85.70% of its shares are institutionally owned
Tucows reported 2Q2020
Dish Network Corporation recently announced that it selected Tucows to handle the technical aspects of its operations, especially with the retail wireless operations. Tucows is well-positioned for the opportunity thanks to its high level of digital innovation. The company will provide it's Mobile Services Enabler (MSE) solutions to Dish as part of their partnership deal.
Tucows also sold Ting Mobile assets to Dish. This means that customers on the Ting Mobile service in the U.S will become Dish customers. They will however maintain their previous rates and previous handsets without the services being affected.
Brookfield Renewable receives greenlight for Terraform Power Merger
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Brookfield Renewable Partners LP (TSX:BEP.UN) is a good long-term investment because 81.20% of its shares are institutionally owned, which means, which means focus on long-term growth.
Brookfield Renewables and Terraform Power have been in merger talks and it looks like that merger will happen after they received approval. Brookfield will acquire all of Terrform's outstanding shares, not including the 62% stake that Brookfield and its affiliates already own in Terraform Power. The two companies are expected to finalize the merger on July 31.
TFI International announces its Q2 2020 financials
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TFI International Inc (TSX:TFII) is a good long-term investment since 81.20% of its shares are institutionally owned which means it has a strong shareholder base that is focused on long-term growth.
2Q 2020
Second-quarter operating income from continuing operations of $131.5 million compared to $149.0 million the same quarter last year
Net cash from continuing operating activities of $227.9 million increased from $141.4 million in Q2 2019
Net income of $69.7 million compared to $87.7 million in Q2 2019
Adjusted net income1, a non-IFRS measure, of $92.1 million compared to $102.0 million in Q2 2019
Diluted EPS of $0.79 compared to $1.01 in Q2 2019.
Adjusted diluted EPS1, a non-IFRS measure, of $1.04 compared to $1.18 in Q2 2019
The company generated $227.9 million in net cash from its operating activities in the second quarter, representing a huge jump from the $141.4 million that it earned in Q1. The impressive gain from April to June was courtesy of the company's highly efficient working capital management. It was also courtesy of the decision to defer some tax payments as a result of the government's economic stimulus measures aimed at counteracting the economic downturn caused by COVID-19.
TFI also diverted back roughly $96.5 million to its shareholders within the first half of 2020. $43.8 million was given to the shareholders in the form of dividends while $52.6 million was issued via a share-repurchase program.
The company also managed to ease some of its debt in the first half of 2020. It also spent $27.3 million to purchase equipment and property in Q2. TFI had initially halted all of its uncommitted capital outflows in Q2 although it resumed the capital expenditure towards the end of the second quarter.
TFI's board of directors announced a $0.26 dividend on July 15, 2020 to be paid out for every payable outstanding common share. The dividend represents a slight increase compared to Q2 2019's quarterly dividend at $0.24 per share.
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COMTEX_369037097/2700/2020-08-07T11:28:28
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