Stockchase Opinions

Rebecca Teltscher Exchange Income EIF-T WATCH Jul 03, 2025

Really likes the name, good business. Making all-time highs, expensive here. Doing all the right things, growing its dividend. Often the only airline in a Northern Canada region, so it's a monopoly. Owner/CEO is the real driving force, and she wants more clarity on the continuity plan. Yield is 4.2%.

$64.540

Stock price when the opinion was issued

Transportation & Environmental Services
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Getting into intelligence and surveillance globally. Manufacturing is weak now due to macro environment, but sees it turning around. Likes it for yield and growth.

HOLD

Holding company, without much integration between assets. Not much value creation from acquiring and running assets. Wouldn't expect it to outperform the market by a lot. Fair value right now, a hold.

HOLD

Beat on aviation in Q3, raised 2025 guidance on the back of their latest acquisition of Spartan. Lumpy, not as steady a compounder as BIP.UN. Always kind of cheap, now 13x PE for 2026 and growing 17%. Nice dividend, which will probably be boosted; payout ratio is fine. 

Not for everyone. Small cap that gets forgotten, so that's a good reason to own.

WATCH

Would be less exposed to any tariffs imposed.

BUY

Their transportation business in the far north is largely a monopoly. They've bought some fine companies and pay a good dividend, but leaves little cash. So when they buy a company, they do an equity issue. Some of their businesses are highly protected with a moat, good. But their industrial business carries economic/tariff risk. Dividend, valuation and management are all good. An income, not a growth stock.

WAIT

Business is 80% aviation, 20% manufacturing. Recent acquisition looks accretive. Trades ~12x, growing ~16%. Money's flowing into safer areas like this one. Good balance sheet. Payout ratio is 68%, will probably boost dividend in the next year or two. Real growth engine is from being in the north and having really good pricing power.

Only thing is, if we're in for rocky markets, you'll probably get a chance to buy cheaper.

BUY

Extremely well managed. Trying to buy a company in Australia that does search & rescue there. Likes it, in his income fund. Profitable businesses that are protected, with opportunities to grow.

BUY

Chart looks very decent. At, or close to, an all-time high. Might see a bit of resistance, but looks to have some good upward motion. Trying to break out, and looks as though it can. Yield is 4.6%.

Could easily drop to $54. Not a lot of support below $50, so start reducing if it gets there.

RISKY

The chart is very volatile. A rollercoaster. Is now breaking out and could keep going or pull back. If this breakout lasts for a while, he would buy it.