5i Research Blog
Feb 10, 2017 5 from 5i - The Short Approach to Shorting
Earnings season is slowly but surely getting underway. The TSX, Dow Jones and NASDAQ Composite touched record levels on Tuesday, as investors assessed a slew of corporate earnings. WestJet Airlines (WJA) reported a higher-than-expected quarterly profit as the carrier flew more passengers. Toromont (TIH), one of the world's largest Caterpillar (CAT) equipment dealers, reported Q4/16 results came in slightly below expectations but increased its quarterly dividend for the 28th consecutive year, this time by 6% to $0.19 a share. Canada’s government said it will provide $372.5M in support for Bombardier (BBD.B) to help fund two jet programs. Telus (T) results were below estimates, but the drop in profit was largely related to a one time contract expense. Bob Iger said he is open to extending his term as the head of Walt Disney (DIS), offering investors a sign of potential stability at the media company as it reported a dip in quarterly advertising at ESPN. Here's five stories we found interesting this week:
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