Finning Int (FTT.TO)

She'd rather own CAT, which she's been looking at. Go to the company that makes the machinery, rather than to the distributor.

Well-run with operations in western Canada, Chile and UK. CAT is looking expensive, so you consider this. FTT is safe.

Very good time to buy company. Good exposure to commodity cycle. Stock valuation very cheap. Has been buying shares recently. Strong financials with good balance sheet, and management team. 

Fundamental analysis aligned with technical analysis. Very correlated to copper prices. Builds equipment for mining companies - commodity strength good for company. Excellent technical analysis. 

The structural backdrop includes a lot of spending on construction and on US manufacturing facilities. Much better supply/demand for energy and materials than we've had in a decade. These are all customers of FTT.

If you look at the performance of CAT, FTT and TIH over the last year, all look very attractive. TIH does more construction, whereas FTT does more materials and so he'd lean more toward that one.

A long-term hold. If rate cuts happen, the economy will improve. Capex spending has already improved and that is benefitting FTT. 

Industrials aren't too topical right now. Stock's been in a range for a couple of years, which is usually a positive sign. He'd be comfortable buying in the range, or if it spent more time above $36. Like tipping a Coke machine, sometimes it needs a couple of heaves to get it up through the price level.

50% of revenues are in western Canada, plus Chile and the UK. Higher commodity prices offer this some momentum and pushed FTT to new highs this year. But this is a cyclical name, so careful. Yesterday, CAT shares fell on shrinking demand, so that's a canary in the coalmine for FTT. Profits are decent and so is the PE. Take profits,

Still likes it. They executed very well. Still cheap and have pricing power. Trades at 11x vs. Caterpillar's 14%. Problem is growth is limited. Buy around $36.

Very strong business.
Recipient of high spending of Federal governments on infrastructure.
Raw material mining for EV transition will support business.
Excellent share price for long term investor.

A play on where the next bull market's going to be, and that's going to be cyclicals. A cheaper valuation amongst the group.

Beat last quarter guidance.
Great backlog of projects.
Current share price cheap.
Does not think industrial activity will slow too much.
Great name to get exposure to large section of the economy.
China re-opening a tailwind.