Bullish Stocks Trading Near 52-Week High: $IFP $DOO $NWH.UN – Wire Real Estate

Bullish Stocks Trading Near 52-Week High: $IFP $DOO $NWH.UN




Sep 1, 2020

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Interfor is bullish as its declares increased dividend payout

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Interfor Corporation (TSE:IFP) is trading at C$17.10 which is near to its 52-week's high of $19.00

Interfor Corporation has reported $3.2 million, or $0.05 per share in net earning s compared to $6.3 million, or $0.09 per share that was reported in the first quarter of 2020. The company made a net loss of $11.2 million, or $0.17 per share in Q2'19. Interfor's adjusted net earnings amounted to $10.6 million in 2Q 2020 compared to compared to $0.7 million reported in Q1 2020 and adjusted net loss of $16.2 million reported in Q1 2019.

During the quarter, the company's adjusted EBITDA amounted to $42.8 million in the 2Q 2020 following sales of $396.8 million. This is compared to earnings of $36.6 million from sales of $479.6 million in Q1 2020.

During the quarter, the company took steps to strengthen its financial position. It reduced its net debt to $239.1 million, or 21.6% of invested capital. The company increased its liquidity to $496.9 million. The company generated $37.6 million in cash flow from operations.

BRP is positive with increased net income

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BRP Inc (TSE: DOO) is trading at C$70.84 which is near to its 52-week's high of $75.37

BRP Inc reported revenues of $1,233.3 million representing a 15.5% or $226.2 million drop compared to what was reported in 2Q 2019. The company reported 40% growth in powersports sales in North America. The company's net income went up by $32.8 million to $126.1 million. This boosted diluted earnings per share by $0.47 per share to $1.43.

During 2Q, BRP reported $32.1 million increase in normalised net income to $100.9 million. This led to normalised diluted earnings per share to increase by $0.43 per share or 60.6% to $1.14. The company's normalized EBITDA during the quarter was $214.3 million after increasing $46.6 million or 27.8%.

Another risk-free stock is NorthWest Health Prop Trust following increased dividend payout

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NorthWest Health Prop Trust (TSE:NWH.UN) is trading at C$11.82 which is near to its 52-week's high of $13.34

NorthWest Healthcare Properties Real Estate Investment Trust has announced the distribution of $0.06667 per unit for the month of August 2020. This represent a dividend increase of $0.80 per unit compared to what was declared last year. The dividend will mature on September 15, 2020 and will be payable August 31, 2020.

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