. Analysts anticipate the stock will provide investors with a total return of 23 per cent over the next year, on top of its nearly 28 per cent year-to-date gain. Toronto-based Superior Plus has three core business divisions: Canadian retail propane distribution, U.S. propane distribution and the specialty chemicals segment. Jennifer Dowty reports .
. From producers of fake meat to ride-hailing services, businesses that promise a glorious, if rather vague, future are going public, stirring both high hopes and controversy. For most of these companies, the first dollar of earnings still lies years in the future. Consider Uber Technologies Inc., which raised US$8.1-billion in its long-awaited, if ultimately disappointing, Wall Street debut on Friday. The ride-hailing company says it wants “to ignite opportunity by setting the world in motion.
– largely because they have been burning cash, according to an analysis by a Bay Street company. A multiyear analysis by Veritas Investment Research Corp., which specializes in deep dives on companies’ financial reporting, suggests that while SNC told investors its engineering and construction business generated approximately $2-billion in earnings from 2013 to 2018, the operations actually sucked $1.2-billion in cash out of the company – a gap of $3.2-billion. David Milstead reports .