Intertape Polymer Group (ITP.TO) Buy, Sell or…

Intertape Polymer Group (ITP.TO)

40.48

-0.00 (0.00%)

as of Jun 30, 2022, 8:00:00 pm Market Open.

177 watching

HOLD

Has tremendous upside potential and could easily go into the mid-double digits. Good management. Closed their Brantford plant so that is no longer a drain. Competition is being reduced.

HOLD

Great example of a very cyclical stock, very much tied into the economy. To get back up to a higher target, there will have to be a recovery in the housing market. A general recovery will bring the stock higher. Their margins have really improved.

COMMENT

Can see how this stock can get into the teens and even higher. Very much based on the housing economy and the aeronautics sector. The major negative is that they keep losing money on an annual basis. Sometimes have good quarters but don't seem to be able to sustain it.

HOLD

Insiders have been buying. He can see it going up to double digits.

WAIT

Year after year it has lost money. He wants to see it make money on an annual basis, not a quarterly basis.

HOLD

Finally made money this past quarter and things are looking better for them. CEO says competitive pressures have lessened. Major competitor is 3M (MMM-N) who are now looking for margins rather than market share.

BUY

On his buy list. Numbers have improved. Excellent chance they will get better. First time in years they have said competitive pressures have eased. They are now trying to make sure they have better margins. They lost a lawsuit and were supposed to loose $13 million but it was scaled back to $1 million. They have lost money for 5 years so he needs to see a few quarters of positive earnings. He would consider buying it if he didn’t own it.

BUY

Likes it. It’s around where he bought it. For the first time in years they are seeing the competitive pressures (3M) falling away. Is happy to buy it from this point. The one negative is that they have lost money for a number of years in a row.

HOLD

One could sell to trigger a tax loss and buy back after 30 days. Financials are much better now. Content to hold it – there is potential upside. There was significant insider trading recently.

PAST TOP PICK

(A Top Pick Oct 22/09. Down 16.5%.) Very highly tuned to the economy and housing market. They have to start showing regular profits quarter after quarter. Introducing some new products. Still likes.

BUY

Watched it crash. Should have bought more after it crashed. Have a new CEO who was managing their leveraged division. Refinanced their debt in fall of 2008. Happy to hold.

SELL

Doesn’t know what the earnings are doing. He has owned it before. From a technical point of view, it had a strong recovery then a nosedive. If they have earnings problems then sell.

BUY

Are expanding their product line; aeronautics division is in recovery mode. They don’t have to pay debt very soon. Thinks this one could go up an awfully long way from here.

BUY

Insider buying has been tremendous. Could see how it would go up another 5-6 times. They refinanced their debt. They are big in the automotive and housing sectors that were beaten up and are on the rebound.

TOP PICK

Refinancing of debt gives them some breathing room. Had a takeover offer and turned it down. If another offer came in he thinks they would jump at it.

Showing 121 to 135 of 149 entries

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Intertape Polymer Group (ITP.TO)