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Insiders who bought Fortis Inc. ( TSE:FTS ) in the last 12 months may probably not pay attention to the stock's recent... Fortis Inc.'s stock is down 7.0%, but insiders still have about CA$370 in ...
Fortis (FTS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index ...
On June 27, 2013, Fortis Inc. closed on its acquisition of CHG. In 2013, Fortis announced its acquisition of UNS Energy, an Arizona utility company. [10] On February 9, 2016, Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States, for US$11.3 billion in cash and stock. [11]
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A key issue to the immediate future of Fortis is the portfolio of toxic credits, with De Boeck taking the position that there is an existing contract, resulting in an immediately imminent bankruptcy of Fortis, while the newly elected Ugeux arguing that the portfolio belongs to Fortis Bank and was split off only after (and as part of) the now ...
The stock of Fortis (NYSE:FTS, 30-year Financials) is believed to be fairly valued, according to GuruFocus Value calculation.
That means the stock now trades for less than 8 times trailing free cash flow. Even if you exclude stock-based compensation, free cash flow was still $435 million, meaning the stock trades at 13 ...