
TSE:FTT
This summary was created by AI, based on 4 opinions in the last 12 months.
Finning International, denoted by the symbol FTT-T, is recognized for its distribution of Caterpillar products and has shown a stable stock performance. However, there's considerable uncertainty regarding infrastructure and energy sectors in Canada, prompting some experts to prefer direct investment in CAT. The stock price has appreciated significantly, moving from $45 but has recently surpassed its fair market value, indicating the need for caution as a hold below $78 is crucial to avoid potential corrections. Overall, the equipment dealer market remains promising, capitalizing on inflation and poised for gains in mining and global growth over the coming years. Moreover, the current market cycle favors industrial stocks, suggesting a bullish outlook for Finning International within this favorable phase of economic expansion.
Our version of Caterpillar. If global growth continues to slow, the environment for Finning will be difficult. They have a 6-9-month window now. If Trump wins in 2020, he would take pot shots at China which will lead to a global recession that will really fit Finning. If this pops in the coming months, sell it.
(A Top Pick May 16/18, Down 26%) Disappointing, because of overblown fears of a recession that he doesn't expect. This is very cyclical demand for Caterpillar equipment. They reported earnings today and they were in line with subdued expectations. Sales were better than expected and they have partially solved a distribution problem in South America.