Stock price when the opinion was issued
Shares plunged in 2022 and part of this year, but have nearly recovered. Gerry Schwartz is no longer CEO. They've bought and sold many businesses. Onex's intrinsic value is $130-140, but shares trade at $90, so there's a big disconnect by the market. Onex keeps buying back shares and are ramping up acquisitions.
(Analysts’ price target is $112.33)
A good company and well-run, but it's now pausing after a series of lower highs. It's consolidating after a slight downturn. He'd consider it if it stays at $96. It's a possible buy. But he thinks he'll consolidate for a while.