I first found out about the corporation (TSX-NWF) at the 2009 2009 Money Show in Toronto. That is one of the income-trust companies (TSX-NWF.UN) that has changed into a company lately. It was one which many thought was worth while watching and that it would be one of the income-trust companies to do well.
And, it has done well. In addition, it has not missed a beat in the change to a company with the dividends staying the same in the change over. This has been a great little company for individuals who are invested in it. Dividends have been increasing at the pace of 17% and 13% per calendar year over the past 5 and 10 years respectively.
- 1776 – American Independence
- Reduces Swelling and Muscle Tension
- Term Loans
- $50,000,000 maximum LOC
The Total Returns with this stock has been at the rate of 19% and 27% per year over the past 5 and 10 years respectively. Contained in the Total Returns are dividends plus they constructed 8 – 10% per season of the 5 and 10-year Total Returns. I wish to caution you on the near future. The final dividend increase in 2010 was limited to 6.3%. That is a whole lot less than the common increases because of this company.
Most companies that transformed to corporation have trouble with dividend (or distributions) payments. Distribution from income trust companies were from pre-tax money and dividends from companies is from after taxes money. For this company, the payout ratio from Cash Flow is increasing. Basically, this ongoing company has great development rates. The 5 and 10-year growth in revenues per shares has been at 13% and 8% per year, respectively.
The growth in cash flow within the last 5 and 10 years has been at the speed of 13% and 9% per year, respectively. The lowest growth rate has been for book value and within the last 5 and a decade, the growth has been at 4% and 5% per 12 months, respectively.
However, this is common for income trust companies. The debt ratios are also best for this company. The Liquidity Percentage reaches 1 currently. Year average of just one 1 89 and has a 5.86. The Asset/Liability Ratio is currently at 1. Year average of 2 92 and has a 5.06. For these ratios, anything over 1.50 is good.
The Leverage Ratio is also proficient at 1.99, an average ratio rather. The last thing is the Return on Equity. The ROE for the financial 12 months of 2009 was 28%. The ROE for the first 9 weeks of 2010 is 26%. The 5 12 months average is 24%. They are all very good ratios.
Tomorrow and I will discuss what my spreadsheet says about the existing price and the actual Analysts have to say concerning this stock. The North West Company is a leading dealer of food and everyday products and services to rural neighborhoods and metropolitan neighborhoods in Canada, Alaska, the South Pacific, and the Caribbean. Northwest functions 225 stores under the trading names Northern, NorthMart, Giant Tiger, AC Value Center, and Cost-U-Less.
Its website is here North West. See my spreadsheet at nwf.htm. This website is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or seek advice from an investment professional. See my website for stocks followed and investment notes. Follow me on tweets.
It includes the quality of the city structure, the design of public places, and areas as well as building and house design. But how to implement this? The refreshed plan says that the Auckland Design Manual provides help with good design and best practice examples. Nothing about Council leading with good design; the work of the metropolitan design panel; monitoring the implementation of the Auckland Unitary Plan and whether a simple level of ‘quality’ has been achieved? This all seems very underdone.