TSX:XCapital Markets
TMX Group (TSX:X) Stock May Trade At A Premium After $1.1b Debt Offering
TMX Group has delivered a strong multi year share price performance, and the question now is whether that move is fully backed by the earnings that support today’s valuation.
Over the past 5 years, TMX Group has returned 114.1%. This puts real weight on whether the current earnings base can carry that kind of share price progress.
The recent pricing of a C$1.1b senior unsecured debenture offering may reshape the firm’s capital structure. This can influence future interest costs and the...