CANADIAN TIRE (CTC) Stocks
ABOUT CANADIAN TIRE
Canadian Tire Corporation Limited is a group of businesses with retail, financial services division and CT REIT segments.
The company’s retail business provides automotive, hardware, sports, leisure and home products which includes casual, industrial and active wear and even toys and food products.
Its core retail and automotive service is a car repair garage in each store. The company’s head office is in Toronto, Ontario.
It originated in 1922, when John William Billes and Alfred Jackson Billes invested their combined savings in the Hamilton Tire and Garage Ltd. which specialised in buying tires at a discount in the winter and reselling it during the busy summer.
In 1923 they closed the garage and opened a retail store where tires formed the bulk of the sales.
OVERVIEW OF CANADIAN TIRE
Canadian Tire Corporation Limited has almost 14 000 full time employees.
The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark’s, PartSource, Gas+, and Helly Hansen banners.
The CT REIT segment operates as a closed-end real estate investment trust that holds a portfolio of properties including Canadian Tire stores, Canadian Tire anchored retail developments, mixed-use commercial property, and distribution centres.
The Financial Services segment provides financial and other supplementary products and services like credit cards, in-store financing, insurance products, retail and broker deposits, savings accounts and guaranteed investment certificates.
VISION AND VALUES OF CANADIAN TIRE
Canadian Tire Corporation Limited is set to eliminating unnecessary chemicals and substances from its products to improve the health and safety of customers. Bisphenol A (BPA) has been removed from all children’s products and prohibited from all food-contact products.
The use of brominated flame retardants has been prohibited in all products.
Heavy metals and many other potentially dangerous substances have been removed from children’s, food-contact products and cosmetics. Canadian Tire Corporation Limited adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF CANADIAN TIRE
Canadian Tire Corporation Limited’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol CTC listed in the Retail sector.
Highlights of the company’s recent performance in 2019 include increased consolidated retail sales of US Dollar 39 million in the third quarter. Consolidated revenue increased US Dollar 5.4 million. Diluted earnings per share (EPS) was US Dollar 3.20, an increase of 1.5%; normalised diluted EPS was US Dollar 3.46, a decrease of US Dollar 0.01 per share, or 0.3%.
Income before income taxes increased US Dollar 3.9 million, or 2.3%. Normalised income before income taxes increased by US Dollar 3.6 million, or 1.9%.
Due to Canadian Tire Corporation Limited’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy CANADIAN TIRE stocks / shares – A Step by Step Guide how to Buy / Purchase CANADIAN TIRE Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CANADIAN TIRE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANADIAN TIRE STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CANADIAN TIRE STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANADIAN TIRE stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CANADIAN TIRE stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?