Opinions
James Telfser
Intertape Polymer Group
ITP-T
COMMENT
Jan 12, 2017
Stock price when the opinion was issued
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(A Top Pick Sep 11/20, Up 100%) The advantage is they provide non-plastic tape and packaging materials. Amazon is a large customer. It is water-based tape. Has huge capacity and coming on-stream in time for internet sales. Will continue to benefit from online sales.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company pays good dividends of 2.4% and is cash flow positive. Balance sheet is expanding and it is profitable. Debt is of slight concern but it can cover interest expenses and is trading at cheap valuation. Management raised guidance. Unlock Premium - Try 5i Free
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A great business with a great dividend. They are a bit of a price taker with 3M, which is his only knock against the company. However, they are offsetting that with a lot of operational improvements and some of the new plants they are putting into operation. They’ve made a few acquisitions including a recent one in India.