TSE:WTE

Westshore Terminals Inc. (WTE.TO)

41.55
+0.33 (0.80%)
as of Sep 15, 2026, 8:00:00 pm Market Open.
134 watching
0
BUY ON WEAKNESS
Has been looking at this but would like to see it a little less expensive. One of the primary handlers of coal going overseas and that demand is fairly robust and should continue to be so over the long run.
PAST TOP PICK
(A Top Pick Sept 23/10. Up 19.27%.)
COMMENT
Has had a linear up trend from 09 but finally broke back down. Expects it will rally back. The UP is probably over but doesn't expect it will collapse.
BUY
Has taken a hit recently because the tax situation for the units has changed and they'll be paying more tax. On the longer-term basis, this has been a good stock. In the business that he can't see anything happening but more growth. Demand is still there.
BUY
There was a tax change where the income will not be as profitable for shareholders as it was. This is why the stock is jumping around.
DON'T BUY
Value it like a bond. What could a pension fund pay for it? There are more interesting things he could buy out there.
COMMENT
Well run. He tends to play coal by owning the producers. This is a perfectly good way to play the increased demand for coal.
PAST TOP PICK
(A Top Pick May 19/10. Up 72.47%.) Probably fairly valued at this level and moving sideways.
BUY
If you’ve had a gain, it could be prudent to take some off the table. Longer term fundamentals look solid and over time there will probably be dividend increases.
WEAK BUY
Variable dividend – more volatile than the typical dividend. The actual business is a good business. Pays a not bad yield, but it is a cyclical company.
BUY
Will have to expand at some time. Very nice dividend. Yesterday a new handling agreement with Teck Resources caused an upgrade by RBC to outperform.
COMMENT
Largest coal handling terminal in the west part of the western hemisphere. Asian demand for metallurgical coal is really growing, which has helped them. Really started to run up in late 2010. Converted from an income trust to a stapled (?) unit. No debt. Got too pricey for him so sold his position.
DON'T BUY
At these levels it does not interest him and because of that he doesn’t know the balance sheet.
BUY ON WEAKNESS
Had a great run but started to go sideways. Prohibitively expensive at 23X EBITDA. Very good yield at 7.7%. Outlook for coal is good but in the danger zone. (Chinese demand remains strong.) Any misstep and you could be in trouble. Would have to come down to at least $21.
HOLD
Equityclock.ca will look at seasonality. It broke support at $23 and you will find some support at $20. It may be a place to buy some more.
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