Cascades Inc (CAS.TO) Buy, Sell or Hold

Cascades Inc (CAS.TO)

10.40

-0.18 (1.70%)

as of Jun 10, 2026, 8:00:01 pm Market Open.

151 watching

COMMENT

Selling well below book value. Have recently been hints that container board prices are going up. Also, container board inventories are relatively low. Has some interesting attributes.

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DON'T BUY

Tough one because it has a lot of debt. We are in a period were debt hurts, not helps. Most companies like to lever themselves up to take advantage of low borrowing costs, earning a higher return on equity and giving the difference to shareholders. Tree business in general and this company in particular, has not been able to do that. Good news is they are paying a 4% dividend but the bad news is they are not earning it.

COMMENT

Longer-term prospects are very good. Input costs have been getting higher and their ability to pass on the costs in the current market has been limited. However it is getting to a price level where he is watching it.

COMMENT

Last quarter results were very good, which is very favourable. Have a lot of debt, which is not easy to finance. He has to do more work studying this one before buying. Expects there is a lot of upside here.

DON'T BUY

(Market Call Minute.) Paper and forest products are tough business to be in.

DON'T BUY

Not on his Stock Watch list. This is an industry to watch as it has been badly beaten down. Right space but you have to choose well.

DON'T BUY

On a price to book ratio, it's terribly cheap. Book value is about $12. It should normally sell at a price to book at 1.5. However, if you take a look at what's happening in the production of liner board, capacity has increased in China and Europe and modestly in the US. China has slapped on 20% tariffs on imports. Far too overpriced.

PAST TOP PICK

(A Top Pick Apr 28/05. Down 11%.) Likes the longer term outlook for this stock. Their tissue business is beginning to pick up. The box board business is a little more economically sensitive. Selling well below book value.

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BUY

There has been a paperless economic recovery this time. Paper companies have not had that cyclical rebound. A great company. Now it's at price levels where he is going to take a hard look at them.

TOP PICK

Stock is not tremendously in favour at the moment. Quite often trades at significant premium to book value, but today it is trading at significant discount to Book Value at around the $13 range. Going forward, suspects the earnings could be somewhere around $0.60/0.70 this year and over $0.80/0.90 next year.

WEAK BUY

Cyclical. As long as shipping continues strong, they should do well. Be cautious.

TOP PICK

(A Top Pick in March/04.) Still likes. Thinks the market in tissue has bottomed out and expects stronger prices going forward. Margins in container board is improving. Book value is almost $13. Cyclical.

PAST TOP PICK

(Past top pick June 21/04. Up 1%.) Still likes. There has been a price increase on tissue. Still a strong market for their boxboard and packaging products. Good upside potential.

PAST TOP PICK

(Past top pick May 21/04. No change.) Had a break out on a descending channel which is why they own it.

BUY

A good point of entry. Have seen a big pickup in advertising. Great demand for paper. Well-run company.

Showing 61 to 75 of 111 entries

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Cascades Inc (CAS.TO)