TSE:MCB

McCoy Corp. (MCB.TO)

2.20
-0.01 (0.45%)
as of Jun 30, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 1, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

McCoy Corp. (MCB-T) has recently faced some challenges, particularly with a dividend suspension that suggests potential longer-term financial concerns, particularly as two-thirds of its backlog is tied to the conflict in the Middle East. Despite these challenges, the company reported earnings per share of 24 cents, surpassing estimates, and revenue of $25.6 million, which also exceeded forecasts. While EBITDA came in well above expectations, the ongoing conflict has contributed to a cautious investment atmosphere, as trailing cash flow has turned negative. On a positive note, the company's balance sheet remains reasonably sound, and cost-saving measures are being implemented. Analysts express mixed views, indicating that, while the stock is trading at a low earnings multiple, the prevailing uncertainties may deter investors for the time being.

consensus icon
Consensus
HOLD
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Valuation
Undervalued
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BUY

Really quite a good company. Manufactures farm equipment and other industrial products. Likes how they think. Came out with some new products about a year ago and it hurt their short-term performance. They were of the view that the products were good and the revenues would kick in later. So the stock took a bit of it for a couple of quarters. Great products, sales are picking up, margins are improving and it’s up to a new high. Could be a takeout candidate. Not expensive.

HOLD

This is in the right sector and the basket in this sector has done well and thinks it will continue to do so. Chart shows an initial advance in 2010 and then a large consolidation during 2011 and 2012, which he calls bullish congestion. Nothing to stop it from going higher.

PARTIAL SELL

Hasn’t looked at this for a year or two. A decent business, but you have to remember this is an oil field services business. This sector has been absolutely battered in the last year. This is a very small company. Hitting a 52-week high is an aberration. If you own, he would consider taking some profits at this point.

DON'T BUY

(Market Call Minute.) There are way better oil/gas service companies to own than this one.

BUY

Has taken a bit of a breather here. Almost 6% dividend. Have some interesting opportunities offshore, which is obviously going to be a big part of the big North American scene if the US does decide to drill.

BUY
Drilling tools for oil. Have a good backlog. Good management. Not very liquid. $100 million market cap but the insiders own about 50%. Earnings where $0.18 last year, probably $0.38 this year and maybe $0.50 next year. Trades at 10X this year's earnings. Cheap.
PAST TOP PICK
(A Top Pick June 26/08.) Down 64.78%.) World's largest manufacturer of drilling tongs for oil rigs.
PAST TOP PICK
(A Top Pick March 28/08. Down 71.8%.) World's largest manufacturer of oil platforms’ hydraulic power tongs. Debt-free. Very cheap. Potentially a takeover target.
PAST TOP PICK
(A Top Pick March 28/08. Down 70.7%.) World's largest manufacturer of the tongs that go on drilling rigs. Very little debt. Low multiple of current earnings (will probably go down this year). 12% yield. Very cheap.
PAST TOP PICK
(A Top Pick March 28/08. Down 22%.) Got caught because of lower energy costs. Had very strong earnings. Buying shares back and pay a dividend. Clean balance sheet. World’s largest manufacturer of oil platforms' hydraulic power tongs and are making headway in trailers. Still a Buy.
TOP PICK
Edmonton-based provider of oil field service materials. World's largest manufacturer of the tongs that go on drilling rigs. They make pipe hauling rigs and service them. 3% dividend. No debt.
TOP PICK
Western Canada is doing well. Small cap company only followed by 1 or 2 analysts. World’s largest manufacturer of oil platforms' hydraulic power tongs. Oil is a growing 15% margin kind of business. Hope to move revenues from $160 to 300 million by the end of 2009. $5.50 is a good short-term target. In 3-4 years can be up to $6-7.
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