Opinions
Fabrice Taylor
Intertape Polymer Group Inc.
ITP-N
PAST TOP PICK
Oct 22, 2012
$2.270
Stock price when the opinion was issued
packaging
containers
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
75% of their manufacturing is in the US so the stronger Cdn$ wouldn’t affect them. Export about 50% to Canada. Takeover offer last year at $4.66 was turned down. Company had the first profit this last quarter since 2005, which is indicative of a turnaround. They are reducing debt.
packaging
containers
COMMENT
Wished he bought more when it went down last. They just had a bad quarter. It is on his buy list. When housing turns it should do well. CEO stepped down and son took over. Son seems to know what he is doing. Would like to see someone come out of the woodwork with a takeover bid.
packaging
containers
(A Top Pick Aug 7/12. Down 20%.) 2 weeks after the show, they reported very good earnings and paid back a bunch of debt and started paying a dividend. Suddenly it fell off a cliff and he didn’t know why. It turns out there was a big US seller. He is a little cautious right now and is waiting to see Q3 results. Thinks it should be okay.