Canadian Pacific Ships (TEU.TO) Buy, Sell or…

Canadian Pacific Ships (TEU.TO)

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-0.00 (0.00%)

2 watching

HOLD

There are lots of take over rumours and the share price has moved up. Quite a good operating business. They had some accounting difficulties in depreciating their containers properly. Also now have an Asian exposure.

WEAK BUY

There's a large merger of shipping companies in Europe. This stock has moved up strongly on takeover news. Speculative. The risk to this sector is that a whole lot of new tonnage is being brought on. Shipping rates went up when there wasn't a lot of tonnage available, but this is starting to correct.

PAST TOP PICK

(A Top Pick May 25/05. Down 12.5%.) There has been a little bit of a lull in the shiping area. Not main China/Asia type traffic, but is Atlantic. They are making expansions on their Australian routes. Safe at this level. Gives a $2 dividend. Could be a takeover target.

DON'T BUY

Intuitively, it should be a good story because of the bottlenecks in getting goods moved. The trouble is they haven't executed well in the past.

WEAK BUY

A lot of ships are being built and rates will drop with competition.

WEAK BUY

Beacme pretty interesting when it was in the mid-teens. The knock against them is that they have smaller container ships and they are mostly Atlantic where the most lucrative routes are in the Pacific. Not as compelling at these levels. It's OK but wouldn't want it as a core holding.

BUY

Looking at the mean estimates, he has a model price of $28. It should hit its bottom around $20.

TOP PICK

Had some extraordinary misfortunes last year, a software glitch and it's trans-Atlantic business, it's great strength, and everybody was gung ho over China/Pacific traffic. One of the world's largest shippers and just recently there has been consolidation at the big end of the market and this is a possible candidate for someone. Management changes are being made.

WEAK BUY

Has had a bit of a bounce back from the disaster it had with their accounting problems, missed profits, etc. Not the most exciting company in the world. Capacity in shipping is growing, but most of their ships may be in the wrong ocean!

SELL

Ran up on rumours of a takeover. Still not convinced they have sorted out all their tax problems. Would consider selling at this price.

DON'T BUY

Had a nice little run based on rumours that someone was going to buy them out. The break up value of the ships alone is around $15. Getting fully priced now.

PAST TOP PICK

(A Top PIck Jan 26/05. Up 4%.) Economy sensitive. Thinks it's OK. Looking for some rotation in the market and for something, other than the consumer, to be the driver. Hopefully capital/corporate spending will keep the bull going.

DON'T BUY

Doesn't see much in the way of upside potential. There's still a bit of a cloud. Not so cheap that it's compelling.

BUY

Using a December/04 balance sheet, has a model price of $24.77 which is a 42% discount.

DON'T BUY

Accounting problems. In the penalty box. Dont buy.

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Canadian Pacific Ships (TEU.TO) Frequently Asked Questions

What is Canadian Pacific Ships stock symbol?

Canadian Pacific Ships is a OTC stock, trading under the symbol TEU.TO (previously TEU-T on Stockchase) on the (). It is usually referred to as or TEU.TO

Is Canadian Pacific Ships a buy or a sell?

In the last year, there was no coverage of Canadian Pacific Ships published on Stockchase.

Is Canadian Pacific Ships a good investment or a top pick?

Canadian Pacific Ships was recommended as a Top Pick by David Baskin on 2005-02-28. Read the latest stock experts ratings for Canadian Pacific Ships.

Why is Canadian Pacific Ships stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Pacific Ships worth watching?

In the last year, there was no coverage of Canadian Pacific Ships published on Stockchase.

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Canadian Pacific Ships (TEU.TO)