Canadian Pacific Ships (TEU.TO)

TOP PICK
Top Short Shipping activity has been picking up. Stock had a good run up, and it pulled back quite sharply.
PAST TOP PICK
(A top pick Oct 30/03. Up 4.5 %.) A well-run company. Positioned very well. Expects further consolidation.
BUY
Investors are cutting is because of strong Canadian dollar and higher fuel costs, but freight rates have been going up. A great play on a world's stronger economic growth.
DON'T BUY
Pretty expensive. They have done well. Ships are scarce and will take 2/3 years for the supply to be built up again.
BUY
Very good company. Looking at the stock now. A cyclical play to the North American economy. Reasonably valued.
BUY
Somewhat cyclical. Not much downside risk. Expect transportation and cyclicals to have a good year.
BUY
Looking at that $400 million acquisition. Looks like it could be a good one. Stock is cheap, trading at 10X earnings. Well-positioned.
TOP PICK
Well-managed. A good play on the economy. Expects rising freight rates. A capital-intensive business, so expects there will be some consolidation.
BUY ON WEAKNESS
Likes the business and management is strong. Has a strong balance sheet. Relatively new fleet so replacement costs should be low. Would be interested in the low $20's.
TOP PICK
Earnings numbers were disappointing, more because of energy costs and foreign exchange, than anything. Rates are increasing. Strong management team and strong balance sheet. Good price.
BUY
Likes their earnings. Reasonable P/E ratio. Has a margin of safety to it.
BUY
Very good company. Tremendous management. A good long-term hold. Could be a takeout candidate down the road.
DON'T BUY
Shipping is an extremely cyclical sector. Will be volatile. Well-run company.
DON'T BUY
Great company. Has capital to make acquisitions. Would prefer a lower price.
TOP PICK
In an economic recovery, he likes the transportation sector. A global play. Sees some powerful earnings upgrades coming. Not expensive.
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