(1888PressRelease)
April 07, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering TransCanada Corporation (TRP). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential TransCanada Corporation investor.
Report Summary: Shares in Canadian gas and power company TransCanada Corporation have outperformed the broader TSX composite index over the past year, dropping 17% compared to the 34% decline in the market since April 2008. The company's comparable earnings declined to CAD 271M in the fourth quarter of 2008, compared to CAD 297M in the same period of 2007 due to a decline in the company's derivative portfolio and higher corporate costs. However, the company's operating revenue increased compared to the year-earlier period as a result of stronger performance in the company's underlying energy and pipeline businesses. The strength of the stock over the past year can be attributed in-part to the company's long-term contracts signed with pipeline customers.
The company's power business also offers investors safety from some of the volatility in the market. However, with upturn in the markets over the past month, is TransCanada still an attractive long-term investment, or should investors look to higher beta stocks? In order to answer these questions objectively, we should focus on the company's underlying long-term fundamentals. We can assess TransCanada's fundamentals through the use of the StockMarks framework. TransCanada currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 63, rating the company above the Canadian market average. This rating places TransCanada fourth relative to its nine closest peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of TransCanada Corporation for long-term investors.
A summary of the StockMarks™ ratings for TransCanada Corporation is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=TRP&cod_country=18
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=18
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
###
