Daily Stock Opinions and Ratings

Opinions

Michael Simpson, CFA Connors Bros. Income Fund CBF.UN-T BUY Oct 07, 2005

Have taken on more debt but have a more dramatic growth profile. There could be some small issues in Q3 with the high cost of tuna and some integration issues on recent acquisitions. Strong management. Likes the company going forward.

Michael Simpson, CFA

Owned

Unlock Rating

$13.200

Stock price when the opinion was issued

investment companies funds

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

DON'T BUY

Payout is in Cdn$ and most of its earnings are in US$’s. Also have been hurt by rising energy prices. Have improved profit margins by more efficient processes, but will be difficult going forward.

BUY

The distribution is fairly safe at this time. Has gone through some transitions over the last couple of years. Herring to Tuna. Management is consistent, and financials are consistent. Feels the price of the product will increase to cover the cost of transporting goods.

BUY

Had some difficulties, but has proven to be a well managed company. Attractively priced. Well financed, so distributions are not threatened. 11.9% yield.

SELL

Has been subject to a recall because of botulism, but this will only affect a small part of their business. However, this could be a growing problem.

SELL

Too early to go into this one yet. Management did a great job. Very proactive in recalling the tainted product (only a small portion of their business). Had to shut down a plant and not sure when that will reopen. Also have cost pressures in their core business of tuna and sardines.

COMMENT

His partner bought into this, but not attractive enough for him. If they get their house in order, there will be better distributions going forward. He couldn't see that the upside was attractive enough.

DON'T BUY

Distribution story has been a long-term issue. Have had to cut them several times. It took too much debt onto its balance sheet. Income trusts have to have very conservative balance sheets.

SELL

Will have to get their fiscal house in order before they can go back to the prior distribution level. There are facing increases in commodity prices. Will possibly take another year or so before they can realistically raise distributions.

DON'T BUY

There are quite a few things in play with this trust. Had a recall that forced them to shut down production and for a longer period than expected. There are some headwinds that food, tin manufacturers will be facing. Steel and tin prices are continuing to move higher. Also expecting protein prices to move higher. There are better places to go.

SELL

(Market Call Minute.) Have had difficulty with making acquisitions in the US outside of their sardine business.

Most Recent Experts

Mike Philbrick

ReSolve Asset Management

Stockchase Insights

5i Research

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Jim Cramer - Mad Money

CNBC

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Michael Simpson, CFA Connors Bros. Income Fund CBF.UN-T BUY Oct 07, 2005

You might be interested:

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Connors Bros. Income Fund(CBF.UN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Mike Philbrick

Stockchase Insights

The Panic-Proof Portfolio (Stockchase Research)

Jim Cramer - Mad Money

The Weekly Buzzing Stocks by Billy Kawasaki