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StorageVault Canada Stock Symbol: SVI-X

Last Price Recorded: $2.2300 on 2017-10-20

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Date Signal Expert Opinion Price
2017-10-12 BUY Bruce Campbell (2)

There is always criticism of growth by acquisition, but it is fairly normal as part of a lot of larger companies’ strategy.  They can increase rents higher than inflation for organic growth.  Since the new management has taken over they have had both growth strategies.  This is really the only Canadian example of the storage business, which is high growth in the US.  As numbers come out you will see both sources of growth and the market will see it.


Price:
$2.180
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-09-28 WAIT Peter Imhof

He likes the story.  It has come off.  He is looking at adding to it.  It is not cheap but it is the only way to play storage in Canada.  He thinks it will consolidate here.


Price:
$2.150
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2017-09-14 COMMENT Bruce Campbell (2)

From when management changed, about a year or 2 ago, the stock has been going straight up. They recently did an equity offering which put a cap on the stock, and the stock price has consolidated. Technically, it looks like it has built a fairly good base. Longer-term, he thinks the stock goes a lot higher. The business is a fantastic growth business. Thinks they will continue growing organically. A very fragmented business and there is no other big public competition in Canada.


Price:
$2.230
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-29 HOLD Colin Stewart

A really excellent business. They basically own and run storage lockers. Has also been a consolidator by acquiring and buying other self storage places in Canada. Results have improved and they’ve made some acquisitions, but it is no longer cheap.


Price:
$2.300
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-08-22 WATCH Peter Hodson

He is watching it.  It is an acquisition story.  Their debt has come up a little.  Now it is an execution story.  He would rather pay more when they are making money than buy it now.


Price:
$2.340
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-15 HOLD Michael Smedley

This was formed by a very clever young man who really likes units of storage. Has been growing it by adding on, and he really knows the trade.


Price:
$2.210
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-02 DON'T BUY Ryan Modesto

He likes storage space in general. They put up 4 tin walls with minimal electricity, where people throw stuff in and then walk away. There is low maintenance. They all have pretty high valuations, but this one is particularly high. They’ve done a really big purchase recently and debt is getting pretty high, so risks are really elevated. He would probably pass on this for now. The risks are pretty high.


Price:
$2.300
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2017-07-19 COMMENT Veronika Hirsch

Just made a fairly large acquisition and issued new stock, which was probably not the best time. That put a top on the stock, but long-term she really likes it. It probably has another 5-6 years of acquisitions ahead of it. They don’t have any competition right now. Management is great and have made a good job of integrating acquisitions. They are logical in how they plan their geographical locations. There is more to go before the run out of steam.


Price:
$2.570
Subject:
CANADIAN & ALTERNATIVE INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-06-23 COMMENT James Hodgins

Public storage. Fairly valued at this time. Management still has a lot of runway in terms of acquisitions.


Price:
$2.710
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Unknown
2017-06-22 BUY on WEAKNESS Bruce Campbell (2)

They are really rolling up the self storage market.  He sold it earlier and wishes he had held it.  He would not be surprised at an equity issue at some point.  They have high margins and have the room to grow it organically.  A new issue could cause it to pull back.


Price:
$2.710
Subject:
CANADIAN & CANNABIS STOCKS
Bias:
BULLISH
Owned:
No
2017-05-29 COMMENT Colin Stewart

He really likes this company. No longer a value stock as it has gone up a lot. A fantastic business. They own storage lockers and have the ability to increase prices regularly. There is a huge disincentive because of economics, for users to move things to a different location. As more and more people live in condos in smaller spaces, they need places to store goods, and this company is very well positioned to benefit from that. They are effectively making acquisitions.


Price:
$2.450
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Yes
2017-04-26 COMMENT Bruce Campbell (2)

There are not a lot of Canadian companies comparable to this, which is probably why the stock has done so well. This has probably been one of the biggest growth sectors in real estate in the US, and expects it will continue to be that way in Canada as well. They’ve basically been rolling up smaller operations into their bigger operations. There is lots of room as far as acquisitions, left to go. From a long-term potential, the business is a growth business. From a stock potential, it is a growth business. On valuations, it is trading very high.


Price:
$2.390
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-04-11 BUY on WEAKNESS Cole Kachur

This is more of a merger and acquisition, where the company is buying smaller companies all over Canada. The share price has had a massive run up over the last year or so. It is a little expensive to him, and you could probably see a 10%-15% dip in this. That might be a point where it is something to look at.


Price:
$2.270
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-04-04 HOLD Gerard Ferguson

Owns storage vault facilities across the country, an emerging story in Canada. They’ve just gone on a very aggressive acquisition spree of buying facilities, that are not particularly difficult to operate, and they are experts in it. Not a large cap name, so will be volatile going forward.


Price:
$2.170
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-03-30 TOP PICK Veronika Hirsch

0.47% yield.  It is a consolidator.  It is self storage.  It is a fractured industry so there are lots and lots of deals they can do.  Management have delivered on their promises and that is why the stock has gone up.  They will start growing the dividend when their growth is done, 3 to10 years from now.  (Analysts’ target: $2.25).


Price:
$1.240
Subject:
CANADIAN & ALTERNATIVE INVESTING
Bias:
OPTIMISTIC
Owned:
Yes
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