Element Fleet Management (EFN.TO)

Has done extremely well over a number of years. The valuation is more attractive now than a couple of months ago. It consolidated. Be cautious of the name because some people made a lot of money and may take profits. You need the US economy to do well for them to do well. It is setting up for a nice entry point in perhaps a few months.

It offers very good growth but they are looking for ways to raise money in this market. People are taking money from it because they see everything is going down. There is nothing fundamentally wrong with it.

The reason you want to own this is a belief in Steve Hudson’s ability to grow the business significantly. He has definitely demonstrated a growth by acquisition story that is working. They are supposed to start a dividend in early 2016. He likes what their business is doing.

This is going to be based a lot on the economy overall. The chart is very positive as it had a positive break out from a long consolidation period. It has turned back down again. If it breaks down below its support line of around $15, that will be negative. Wait for a clear direction on the broad market.

The deal with General Electric (GE-N) just closed. Size matters in this business. From what she has seen, this company will continue to make acquisitions and will probably be one of the largest, if not the largest company in this space in North America. That means they will be more profitable and will be able to continue to grow. She really likes it. A great growth stock.

Certainly worth a lot more than what it is today. Trading at only about 12 or 13 times earnings, so not expensive. It doesn’t pay a yield, but he expects there will be one in the next 3-6 months. Acquired GE’s (GE-N) fleet management business and that is really the core of their business. They are going to sell off some of the non-core parts which are in Australia and maybe Mexico. He can see good organic growth and growth by acquisition.

He is interested. There is potential for amazing synergies as they become a dominant player in the leasing business. He likes the CEO, who has a strong ability to put deals together. Could be interesting if they can grow and maintain the multiple.

(A Top Pick Aug 13/14. Up 41.04%.) They acquired the GE fleet business, which was highly accretive for them and he thinks earnings are going to grow 30%-40% or better. Still likes.

(A Top Pick July 10/14. Up 37.13%.) Great company. Has done very well. Recently raised money to take over the GE leasing business. Still get above 70% of their business from the US. They seem to be funding things in a more conservative way. There is no reason this progress can’t continue.

Has been a fantastic Canadian story up to this point. The last deal they made, with General Electric (GE-T), is going to be great. Sold his holdings in the high $19 area. This is a business that does have some kind of risks, and he only wants to take so much financial risk in his portfolio. Depending on how long you have been in this, it might be worth trimming some shares.

Likes this company. This is going to benefit from the currency. They have announced the GE acquisition. If they keep that multiple, he sees $23-$24 a year out. Rumoured on a couple of more acquisitions. They pre-financed the last one. He would like them to slow down a little. The fall would be fine. This is growthy in the non-bank financials, which is pretty unique.

(A Top Pick Aug 11/14. Up 44.15%.) Has done 2 very good acquisitions and the balance sheet is being run pretty conservatively. Still thinks there is lots of running room here and will take them somewhere into the mid to low $20.

Due to a recent deal, they are the largest fleet leasing company in North America. Have assets in US, Mexico, Austrailia, and New Zealand. The next couple of quarters numbers are going to be fuzzy because of businesses they are taking over. Great story, good organic growth.

It has grown a lot in a short period of time. It has been a great ride, but not a value stock. Senior management had some issues many years ago and he got burned. Once burned, twice careful.

Struck the deal with GE’s fleet business. He does not own because he wanted to see what they were going to buy. It should be 20% accretive and should bode well for the stock going forward. He feels they will de-lever the balance sheet as the cash starts to come in.