TSE:TRI

Thomson Reuters Corp (TRI.TO)

158.85
-6.40 (3.87%)
as of Nov 6, 2026, 9:00:00 pm Market Closed.
227 watching
0
TOP PICK
Has 5 segments including, markets, legal, tax and accounting, scientific and health care. (Looking to divest itself of health care.) Moving back to its core franchises and focusing more on the legal and markets. Subscription based business with a high renewal rate of 86%. Can generate $3 in free cash flow. (He is using options, selling Puts, to pick this one up.)
HOLD
Now seeing volume growth in their financial services and their legal products. Has huge fixed costs and investors have been frustrated by lack of margin expansion. He would give them another few quarters.
DON'T BUY
Is the definition of dead money. Over the years the valuation has collapsed to his model price ($35.70), -2% difference. Doesn’t see it move up or down.
COMMENT
Moving ahead with the Reuters acquisition. Over the next year to 18 months, synergies will start to come through. Increased their dividend modestly this year. Dividend is up about 30% over the last 5 years.
PAST TOP PICK
(A Top Pick Nov 18/10. Up 2.69%.) Thinks there is concern that in a weakening economy, the head count at financial services and legal firms has an impact on their products. Still likes.
DON'T BUY
Views this as one of the great value traps of all time. Has always looked cheap. Has been a no-where’s stock for the longest time. Made the conversion from ink on paper to digital media. May take 10 years to break out.
TOP PICK
Attractive cash flow story. Free cash flow is slated to grow by 20% in 2011 and about 30% in 2012. Cheap at about 13X EPS. 3.2% dividend yield.
SELL
A world-class company. Only once in the last 15 years has Thompson corp. had a big run. He would sell and go elsewhere for growth or yield.
PAST TOP PICK
(Top Pick Apr 20/10, Up 4.73%) Increased dividend by 5%. Market was looking for bigger dividend increase than came across.
PAST TOP PICK
(A Top Pick Nov 18/10. Up 3.4%.) Very strong in electronic products. Earnings are great and they increased the dividends. Demand will continue to grow for information. Over 3% yield. Still likes.
TOP PICK
Since the merger in 2007, there was huge expectation that the company would have meaningful margins and substantial cash flow generation. Unfortunately the downturn in the economy didn’t help. This will be the first year they will actually get a seasonal benefit and have margin expansion. Recently increased dividends by 7% so it is now over 3%.
DON'T BUY
Has not performed all that well in the last few years. This is a cash flow machine and so he looks for dividend increases and share buybacks.
PAST TOP PICK
(A Top Pick April 23/10. Up 12.41%.) Still likes and would be a Buyer on dips.
PAST TOP PICK
(A Top Pick Feb 2/10. Up 10.63%.) Fairly decent dividend yield. Still likes.
DON'T BUY
A little expensive at 10X operating cash flows, which is rich for the sector. Reuters was a good acquisition for them.
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