Stock price when the opinion was issued
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
The retailer of pet supplies in Canada opened 11 new stores last quarter, increasing its network to 794, and is targeting a total of 40-50 new stores in 2024. Cash reserves are growing while debt is retired. It trades at 22x earnings and its dividend is backed by a payout ratio under 40% of cash flow. We recommend setting a stop-loss at $21, looking to achieve $37 -- upside potential of 38%. Yield 1.5%
(Analysts’ price target is $37.59)Stock price when the opinion was issued
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
We reiterate PET, Canada's largest pet food distributor with over 800 locations, as a TOP PICK. The company announced completion of its BC distribution centre, the second largest in Canada (following its own in Ontario) and plans to grow in Calgary. We like that cash reserves are growing, while debt is retired, while trading at 23x earnings. We recommend trailing up the stop (from $21) to $23, looking to achieve $33 -- upside potential of 28%. Yield 1.6%
(Analysts’ price target is $32.67)Stock price when the opinion was issued
Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.
Shares are basically flat over the past year do some quarterly misses, but its PE has fallen to 22.34x, below its 24.06x, making it an attractive entry point. It pays a moderate 1.72x dividend because the company is investing in expansion, which should bolster top and bottom lines in future quarters and reinforce the company's prominence in this healthy space.
Stock price when the opinion was issued
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
We reiterate this Canadian based Pet store operator. Recently reported earnings showed a 28% increase in net income. The company has opened its Vancouver regional distribution centre, positioning well ahead of the holiday season. We like that cash reserves are growing, while debt is retired. We recommend trailing up the stop (from $16) to $18, looking to achieve $32 -- upside of 25%. Yield 1.7%
(Analysts’ price target is $31.82)Stock price when the opinion was issued
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
It got very overvalued during the pandemic hype, but this has since normalized. However, systems sales are still growing as they open 40-45 new stores annually. The market remains underserved outside cities. A cap-lite model, generating 22% EBITDA margins, and over 20% ROIC. Strong free cash flow. A great time to buy at 16x PE. Is recession-proof. Likely a takeover candidate.
Stock price when the opinion was issued
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Our PAST TOP PICK with PET has achieved its target at $32. To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $26.
Stock price when the opinion was issued
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Liked that pet food is heavy (harder to purchase online and ship), so thought this would provide more protection. Challenging space, especially for a long-term investor like himself.