STOCKCHASE

Recently purchased this. Good asset and you get paid to wait. 4.3% dividend. Slowly getting their act together on the financial market side.

2012-02-06

PAST TOP PICK

27.260

(A Top Pick Feb 23/11. Down 26.5%.) Huge management changes in this company in the last year. Dividend is secure and he would like to give management 2-3 quarters for some kind of evidence of a turnaround.

2012-02-02

PAST TOP PICK

28.900

Michele Robitaille

(A Top Pick April 8/11. Down 22.24%.) Still positive on this one. Had some significant management changes. Strong dividend yield.

2012-01-25

Comment

29.200

Keep hitting a number of headwinds, not the least of which is the financial crisis of 2008, which slowed down sales.

2012-01-23

BUY on WEAKNESS

28.700

4.5% dividend and you are being paid to wait. The financial part of their business is very skewed toward Europe. Until Europe is on a good footing you will not see good performance from TRI, but you could buy it here.

2012-01-12

WAIT

28.370

Michael Smedley

Had an interesting combination and really has been a disappointment. It’s importance seems far greater than its performance. IF they can get someone to really drive this company forward they can do better, but it is stuck in a range until then.

2012-01-10

Comment

27.450

Christine Poole

Stock price has done very poorly but she feels the dividend is sustainable. They sell “need to know” and “must have” information to the financial and professional industries. Their end market, the financial industry, has not recovered from the recession, which has hurt their business. Feels the dividend is safe but the stock price may be stalled until there is more clarity as to what they're going to do going forward.

2012-01-05

PARTIAL BUY

27.230

Lyle Stein

(A Top Pick Aug 3/11. Down 26.79%.) He bought this company for its strong franchises and its strong cash generation, and more importantly, returning cash to shareholders. Yield is very safe. Suffered in 2011 because of perception more than reality, of the collapse in their financial business. Ahat really hasn't happened. Revenues have been disappointing relative to expectations but they've done the management change. 4.7% yield. Pick away in 2012.

2011-12-30

HOLD

26.600

Gavin Graham

Major problem has been the losing of market share to people like Bloomberg but secondly the financial market, which is a very big part of their market, has been hit with all the banks, etc cutting back so they don’t need as many screens. Good balance sheet and pays a reasonable dividend. Wait to see if they’ve got the bugs ironed out on their Icon system.

2011-12-28

SELL

26.700

Peter Brieger

Going through the wars. Just replaced some senior managers. Seems to be floundering. 4.8% dividend yield. He would look elsewhere right now.

2011-12-16

HOLD

27.320

Colin Stewart

Stock has been pretty beat up and has been frustrating for shareholders. Very valuable business and has done well over the long term. Still not at levels that he would consider as a real value stock. Doesn't see any imminent catalyst for the share price to move higher but not much downside either.

2011-12-09

SELL

27.040

Sold 2 or 3 months ago at a loss because the merger did not get the efficiencies they were hoping for.

2011-11-29

TOP PICK

27.770

Mohsin Bashir

Taken some time for their integration of Reuters but this will be coming to a close at the end of this quarter. Spins off a lot of free cash flow. On par to generate about $840 million in free cash flow in Q4. Have plans to grow their free cash flow $3 billion by 2013-2015. Even though you have to be patient, you collect a nice 4% dividend.

2011-11-21

DON'T BUY

27.770

Barry Schwartz

Thinks the dividend is very safe and it will continue to go higher. Expensive on a PE basis. Until there is more comfort with US financials, he would avoid this one.

2011-11-21

HOLD

27.950

Gavin Graham

Has been a perennial disappointment. The Thomson Reuters merger worked out pretty well. Very strong positions in legal publishing, etc. 4.5% dividend.

2011-11-18

DON'T BUY

29.680

Analysts keep saying that the earnings are good and growing and the stock is going to explode but it never does.

2011-11-10

HOLD

29.300

2 major divisions. Financial markets and the professional division. Focus recently has been on the markets area and has been trading like a financial. There are some growth issues on this side of it over the next year. Great yield of almost 4%. Trading at its lowest multiple in probably 10 years.

2011-11-02

DON'T BUY

29.700

Lorne Steinberg

Great company. Sold newspaper division at an opportune time. Has always been an expensive company. Their largest business is the markets side and that business has been suffering. Earnings growth is questionable at the present. Great management running a company in a tough industry. Dividend payout ratio is high.

2011-11-01

PAST TOP PICK

29.380

Michele Robitaille

Is going to be a bit challenged until the economy improves. Has share buy-back in place which looks good. Making management changes to the company to help with the execution.

2011-10-06

Comment

27.810

Michael Decter

Very high quality name that generally trades with the market. If you believe in a Santa Claus rally, like he does, it should participate fully in that.

2011-10-03

HOLD

29.010

Paul Gardner, CFA

Really interesting at this point. Their business has not fallen that drastically. They are a beta for the financial markets and specifically track the bank indexes. Their financial products are highly sensitive to a cut in spending for a lot of the banks. However, they also have legal, medical and marketing data. Trading at 5X EBITDA versus their normal 7X.

2011-09-08

SELL

29.010

Jason Donville

Not a big fan of what you are getting here. You are not getting a fantastically or terrifically managed company.

2011-09-08

DON'T BUY

29.250

John O'Connell, CFA

Missed their earnings again but raised their dividends. He thought this was wrong so sold his holdings. Good dividend yield but has been struggling.

2011-09-07

PAST TOP PICK

30.070

(A Top Pick Sept 9/10. Down 18.3%.) Still likes the company and the management but business has been a little rocky. Turnaround is slower than people expected. A long-term Hold.

2011-08-29

PAST TOP PICK

31.290

Mohsin Bashir

(A Top Pick June 16/11. Down 13.68%.)

2011-08-12

SELL

30.050

Paul Gardner, CFA

Into law information, market information and healthcare information. These are the first things that are cut in a struggling economy. Have struggled since acquiring writers. Trading at 20X earnings.

2011-08-10

TOP PICK

31.770

Lyle Stein

Has disappointed. Went through cost cutting. Two weeks ago they announced more changes. Have increased dividend year after year after year. Decent margins. Sees dividend growth and with price under pressure it is the time to pickup the stock

2011-08-03

HOLD

31.930

He is just below breakeven on this stock. Liked the valuation and merger with Reuters. New platform for the financial industry has had a slower uptake than expected. There has been a management shakeup in the last week. Getting down to being over sold. Dividend is very safe.

2011-07-27

BUY

33.760

Richard Fogler

Got downgraded today. Since February it has not done particularly well. The news industry has not been doing well. News out of News Corp. has weighed on the industry. It’s getting down to be cheap. Thinks they will do very well.

2011-07-22

PAST TOP PICK

34.600

(Top Pick Sep 9/10, Down 7.00%) What’s not working in the integration is taking longer than the market expected. The market doesn’t like it. Thinks it is the last quarter of the problems of the integration. Still adding for new clients.

2011-07-21

SELL

34.300

Peter Brieger

1st rate company but are not executing as well as they might. If you own, consider moving to a stock that will be much more prolific. (See Top Picks.)

2011-07-20

HOLD

34.200

Recent performance has been very disappointing. Merger with Reuters was a very good move but integration is not going as well as they would like. Also, Reuters has a lot of European exposure and this has been weighing on the share price. Well positioned to grow.

2011-07-15

HOLD

35.630

Stock is down because of a bit of uncertainty in the financial services sector. Legal business is still very strong.

2011-07-07

DON'T BUY

35.890

Stan Wong

Chart shows it has been meandering sideways for quite some time and has now dropped below the 50 and 200 day moving averages. Missed their earnings in the last quarter.

2011-06-22

TOP PICK

36.240

Mohsin Bashir

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.)

2011-06-16

HOLD

35.840

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.

2011-06-13

DON'T BUY

36.550

Brian Acker, CA

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.

2011-06-09

Comment

37.380

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.

2011-05-25

PAST TOP PICK

37.750

(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.

2011-05-12

DON'T BUY

37.980

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.

2011-05-05

TOP PICK

38.230

Michele Robitaille

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.

2011-04-08

SELL

38.370

Andrew McCreath

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.

2011-03-30

PAST TOP PICK

37.400

(Top Pick Apr 20/10, Up 4.73%) Increased dividend by 5%. Market was looking for bigger dividend increase than came across.

2011-03-21

PAST TOP PICK

38.110

(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.

2011-03-03

TOP PICK

38.350

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%.

2011-02-23

DON'T BUY

38.760

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.

2011-02-22

PAST TOP PICK

40.950

(A Top Pick April 23/10. Up 12.41%.) Still likes and would be a Buyer on dips.

2011-02-02

PAST TOP PICK

40.000

Mike S. Newton, CIM FCSI

(A Top Pick Feb 2/10. Up 10.63%.) Fairly decent dividend yield. Still likes.

2011-01-31

DON'T BUY

38.330

John Zechner

A little expensive at 10X operating cash flows, which is rich for the sector. Reuters was a good acquisition for them.

2011-01-19

PAST TOP PICK

37.940

(A Top Pick Jan 27/10. Up 12.6%.) Good diversification between legal, financial and scientific markets. Introducing new products in financials.

2011-01-14

PAST TOP PICK

37.350

(Top Pick Jan 8/10, Up 12% Total Return) Bought more. 2011/2012 will be good years because they went through cost cutting as a result of acquisition. A lot of savings will be paid out to shareholders. 50% plus owned by family which like dividends. Financial side is doing ok and better than expected, Legal side is where a lot of new product was introduced and doing very well.

2010-12-21

BUY

37.760

Michael Simpson, CFA

(Market Call Minute.) Great media company providing systems for financial, legal and health care companies. Great grower of dividends.

2010-12-02

PAST TOP PICK

37.510

Mike S. Newton, CIM FCSI

(A Top Pick Feb 2/10. Up 14.99%.) Still Likes.

2010-12-01

TOP PICK

37.000

Spectacular quarterly results. Looking at $1.85 in earnings per share increase in 2010 and probably $2.50 or higher in 2011 as the synergies from the Reuters acquisition rolls in. Good dividend.

2010-11-18

BUY on WEAKNESS

37.760

On his watch list. Has a little trouble with the valuation. Likes the company, which is doing the right things. Would like $35 as an entry point. Has always traded at a premium valuation. Low $40-$41 target a year out.

2010-11-12

BUY

39.780

Nick Majendie

Likes the long-term story. Strong free cash flow growth. Likely to increase dividends over time. 3% yield.

2010-10-26

PAST TOP PICK

38.730

Mark Wisniewski

(A Top Pick Aug 12/09. Up 11.85%.) Still a buy.

2010-10-13

PAST TOP PICK

39.070

(A Top Pick Dec 14/09. Up 17.53%.) Still likes.

2010-10-08

BUY

39.060

Likes long-term outlook. Merger with Reuters was good. Coming out with new software/platforms. Long-term hold.

2010-10-06

PAST TOP PICK

38.910

(A Top Pick Sept 2/09. Up 19%.) Synergies they got from Reuters acquisition exceeded expectations. One of the big fears was that much of their business was coming out of the financial sector. Developing a lot of new products in the last year and will pick up market share. Still a buy. Mid-$40's in the next couple of years.

2010-09-22

TOP PICK

38.100

Spent 18-24 months putting the 2 companies together, which has been a drain on free cash flow. Free cash flow should rise substantially in 2011.Increased dividends over the last couple of years at a slower rate but once they get the cash flow kick it could be increased at a faster pace and could buy back shares again.

2010-09-09

PAST TOP PICK

38.030

(Top Pick Sept 11/09, Up 8%) Quite optimistic on the outlook for this one still.

2010-09-07

PAST TOP PICK

38.040

(A Top Pick Aug 7/09. Up 6.15%.)

2010-09-03

PAST TOP PICK

36.280

(Top Pick Dec 14/09, Up 8.52%) Still likes it.

2010-08-25

PAST TOP PICK

36.280

(Top Pick Sep 02/09, Up 10% Total Return) With fears of recession and economic problems and slowdown in the markets, they have pulled back. But they are doing well in other fields – scientific and legal division. Profitability is slowly improving. He likes the formula of rising profitability and dominant player.

2010-08-25

PAST TOP PICK

37.560

(A Top Pick June 12/09. Up 11.68%.) Still likes.

2010-08-10

PAST TOP PICK

37.850

(A Top Pick Aug 7/09. Up almost 5%.) The kind of service that is going to be used globally. An opportunity to get into a true Canadian multinational. Expecting good earnings growth.

2010-08-06

PAST TOP PICK

39.700

(A Top Pick Sept 2/09. Up 20%.) Hoping to see it in the low $40's. Profitability lower than expected. New product launches will make them more competitive, particularly in the financial sector.

2010-07-28

PAST TOP PICK

38.740

(Top Pick Aug 7/09, Up 8%) Earnings have come on and the multiple has come down. Reasonable growth potential.

2010-07-22

BUY

39.000

Internet-based information for the financial, educational and legal businesses. A growth stock globally. Have invested heavily in new generation products. Outlook is quite good.

2010-07-09

PAST TOP PICK

38.100

(A Top Pick Sept 2/09. Up 16%.) Recently announced new products. Enhanced their legal product, one of the strongest in the field. New products in the financial area will be very competitive. ROE is rising. Still a buy.

2010-06-30

HOLD

38.880

Ara Nalbandian

The law side is a very stable cash flow stream. Good positive catalysts coming in. On the short term, it had a spike up and is now pulling back. Good dividend yield of over 4%.

2010-06-23

PAST TOP PICK

38.880

(A Top Pick June 10/09. Up 17%.) Trading at about 15X earnings. Full impact of the Thomson-Reuters merger has not been seen yet. Expect good cash flow coming out later this year and in 2011. Looking for an excellent point in the low $40's.

2010-06-23

PAST TOP PICK

36.980

(Top Pick Jun 5/09, Up 11.06%)

2010-06-04

PAST TOP PICK

37.250

(Top Pick Oct 1/09, Up 10%) Increased dividend this year. Well-managed company. Did have challenges with merger with Reuters but are ahead of schedule right now. Organic growth went to negative for a while but seems to be coming back. It’s a 2011 stock when free cash flow starts to grow again.

2010-06-02

BUY

37.200

Jim Huang

Taken a decade to transform into a purely electronic publisher. This is good going forward. Analysts like that it is finally getting the merger behind them and getting synergies to finally grow the company. The headwinds that they had are abating. This should be decent upside from now on.

2010-05-21

PAST TOP PICK

37.880

(A Top Pick June 10/09. Up 1.11%.) Still a buy.

2010-05-19

DON'T BUY

38.550

Stock has been a huge disappointment to investors. It's always a company that is going to make a bunch of money tomorrow but never seems to. Tremendous resources. 3% dividend.

2010-05-10

PAST TOP PICK

37.740

(A Top Pick June 5/09. Up 9.4% excluding yield.) Think they have a winning combination in terms of Reuters and Thomson merger. You can use as a trade by selling it at $37-$38 and buying back at $34. Still a Hold.

2010-05-07

TOP PICK

36.910

Rebuilding the business and will get better market share based on the product. Likes the products. Sees earnings growth. Under-owned.

2010-04-23

PAST TOP PICK

36.880

(Top Pick Oct 1/09, Up 5%) Still Likes it. Over next 12 months it will outperform.

2010-04-20

TOP PICK

36.880

Well managed with good balance sheet and proven record of increasing dividends and buying back shares. As economy and capital markets improve, this one will.

2010-04-20

PAST TOP PICK

36.540

(A Top Pick June 10/09. Up 5.6%.) Still in the midst of putting together all the synergies of the merger with Reuters. Expected to start kicking in next year. Very good entry point at these levels.

2010-04-14

PAST TOP PICK

36.690

Randy LeClair

(A Top Pick March 2/09. Up 16%.) 4.98% Bond due 2015, yielding about 5%. Good solid company. (Manulife (MFC-T) acquired his bond fund.)

2010-03-29

TOP PICK

36.770

Jim Houston

When they acquired Reuters in 2008, it significantly increased exposure to financial markets vertical but thinks they have a significant value proposition advantage to principal competitor Bloomberg. When contracts are up, there is a good chance they will increase market share. Also have accounting, legal and medical that are somewhat recession proof.

2010-03-25

DON'T BUY

36.820

Barry Schwartz

(Market Call Minute.) Has a lot of US$ exposure and the financial market still has not come back to spend any big bucks.

2010-03-24

SELL

37.470

Tremendous disappointment for at least a decade. It’s always tomorrow’s stock. You get a dividend and promises. Never believed the story.

2010-03-16

HOLD

37.430

(Market Call Minute.) Would like to see a better growth profile before buying.

2010-03-15

BUY

36.390

It’s a tomorrow stock. It has a number of new software offerings in various areas that aren’t fully introduced. Buy it at these levels, but it will not be overnight that it happens.

2010-03-09

DON'T BUY

36.520

Mark Grammer

Media companies have steady cash flow. Well managed. Well-diversified geographic exposure. Fighting against Bloomberg, although things have leveled off a bit.

2010-03-04

BUY

36.520

Ben Stadelmann

(Market Call Minute) Excellent company but not a contrarian play. Is a dividend champion, raising dividend in the teeth of the recession.

2010-03-03

DON'T BUY

36.380

Paul Gardner, CFA

Execution was fine. It was a fantastic, blue chip company. With the Reuters acquisition it is that much more powerful. It’s valuation he has an issue with.

2010-02-24

BUY

36.890

Martin Hubbes, CFA

Now is the time to own this stock because they have done their acquisitions and you are getting the synergy on all of the work they have done. Healthy dividend.

2010-02-18

TOP PICK

36.750

Mike S. Newton, CIM FCSI

This is a company that can re-ignite itself if the economy picks up. The merger with Reuters has worked out. Investors will recognize the quality of its cash flow.

2010-02-02

DON'T BUY

36.040

John Zechner

Has always been an expensive stock. A little bit worried about how they are ultimately going to fare with the competition against Bloomberg. Already trading 10X operating cash flow so you are not going to get a higher multiple. Growth is slowing down.

2010-02-01

TOP PICK

34.830

(A Top Pick Feb 2/09. Up 17.4% not including dividends.) Was discounted more than appropriate during the downturn. Expect them to be very competitive. Great supplier of data but can also supply analytics for data in both legal and scientific fields.

2010-01-27

PAST TOP PICK

34.500

Randy LeClair

(A Top Pick March 2/09. Up 16.47%.) 4.98% Bond due 2015 and yielding about 5%. No longer owns as he changed firms but still likes.

2010-01-26

TOP PICK

34.480

(A Top Pick Oct 1/09. No change.) Getting synergies that they had hoped for on their Reuters merger. Payoff comes in 2011 when they’re over the cost side and free cash flow rises substantially and earnings are likely to be up by 30%. 5-year dividend is up about 20%. Will probably increase dividends and buy back shares by 2011.

2010-01-08

Comment

33.810