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Stock impact report

3 Canadian Stocks That Look Expensive (But I'd Buy Them Anyway) [Yahoo! Finance Canada]

Adeia Inc. (ADEA) 
But sometimes an “expensive” stock simply reflects a business that keeps executing, keeps growing, and keeps finding new ways to win. In that case, waiting for a perfect bargain can mean missing a great company altogether. That is where a few Canadian names still stand out, even after strong runs. HPS Hammond Power Solutions ) makes dry-type transformers and related equipment. It sits right in the path of some very real demand trends. Electrification, grid upgrades, industrial , electric vehicle (EV) charging, and data centre expansion all need power infrastructure. Over the last year, HPS kept adding to that story with product moves such as its EV charging distribution transformer and smart transformer platform. All while announcing an acquisition of AEG Power Solutions' transformer and power quality business to broaden its reach. The valuation is not exactly sleepy. It shows a market cap of roughly $2.2 billion and a trailing price-to-earnings (P/E) near 27. Even so, the numbers Show less Read more
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