Our Timely Ten list represents our top ten recommendations from the Undervalued category each month, explains: Kelly Wright, specialist in blue chip, dividend stocks and editor of Trends in investment quality.
Aside from using the personal asset management services of our sister company, IQ Trends Private Client Asset Management, this is as close to real-time advice you can get. Here’s a look at the three latest additions to our Timely Ten:
German American Bancorp (GABC)
German American Bancorp operates as the bank holding company for German American Bank, which provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services and Insurance Operations.
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The Core Banking segment accepts various deposit products from the general public; and initiates consumer, commercial and agricultural real estate, commercial and agricultural real estate, and residential mortgages, and sells residential mortgages on the secondary market.
The Wealth Management segment offers trust, investment advisory, brokerage and retirement planning services. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance.
As of the end of 2020, the company had 73 branch offices in 20 contiguous southern Indiana counties; 8 counties in Kentucky; and a county in Tennessee. Founded in 1910, GABC is headquartered in Jasper, Indiana, has an (A+) Quality Ranking and has paid dividends since 1983.
Toronto-Dominion Bank (TD)
Toronto-Dominion Bank, along with its subsidiaries, offers a variety of personal and commercial banking products and services in Canada and the US and serves more than 26 million customers.
The bank is headquartered in Toronto and offers personal deposits; financing, investment, cash management, international trade and banking services to businesses; car and real estate financing; credit cards; wealth management services; and property and casualty insurance (P&C), life and health insurance.
It also provides capital markets, investment banking and trading services to corporations, governments and institutions.
Its operations are conducted through an office network of 1,058 offices in Canada and 1,223 offices in the US along the east coast from Maine to Florida. TD is also one of the world’s leading online financial services companies with more than 14 million active online and mobile customers.
On 10/6/20, TD acquired a 13.5% stake in Charles Schwab (SCHW), following the completion of Schwab’s acquisition of TD Ameritrade (of which TD owned 43%).
The transaction created additional financial flexibility for TD, which could translate into increased liquidity that could benefit TD’s long-term US strategy as it uses the sale proceeds to buy a regional bank in the eastern US to fund its business. growing US presence.
In addition, TD and Schwab entered into a 10-year sweep agreement that will allow TD to retain a major source of low-cost deposits and maintenance fees. TD has an (A) Quality Ranking and has been paying dividends since 1857.
TELUS Corporation (YOU)
TELUS is the largest established telecommunications company in Western Canada and the third largest facility-based wireless operator, covering nearly the entire Canadian population.
TU offers a wide range of telecommunications services and products, including wireless, data, internet protocol, voice and television.
The company derives the majority of its revenues from accessing and using its telecommunications infrastructure and from providing products and services that facilitate access to and use of this infrastructure. The company operates through two primary segments, Wireless and Wireline.
The Wireless segment is involved in the sale of voice, data and equipment. This segment sells wireless handsets to resellers and equipment on customer premises. The Wireline segment provides data services, including television; Internet, enhanced data and hosting services; and managed and legacy data services; as well as local voice, long distance voice and other telecommunications services.
In April 2019, TU announced that it was successfully bidding for 12 wireless 600 MHz spectrum licenses. The 600MHz band is important for its ability to cover long distances in rural areas and to infiltrate barriers to better reach locations in buildings such as elevators and parking garages, making it highly conducive to 5G deployment. .
In January 2020, the TU completed the acquisition of Competence Call Center (CCC), a provider of higher added value business services with a focus on customer relationship management and content moderation.
CCC offers its services in 11 European countries and partners with leading global brands, primarily from the fast-growing sectors of technology, media and telecommunications, retail and travel and hospitality. TU has an (A)Quality ranking and has been paying dividends since 1993.
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