Rona Inc (RON-T) Stock Predictions - Stockchase
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Rona Inc (RON-T)

ON STOCKCHASE SINCE Dec 2002

Acquired by Lowes (May 2016)

specialty stores

Rona Inc

RON-T

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Rona Inc (RON-T) SAVE Dec, 31, 1969, 7:00 pm

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PAST TOP PICK
Rona Inc(RON-T) 

January 23, 2017

(A Top Pick April 5/16. Up 21.5%.) (Preferred Shares.) This was bought out by Lowes, which originally was not going to call the preferreds, but they came back later with a $24 offer.

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(A Top Pick April 5/16. Up 21.5%.) (Preferred Shares.) This was bought out by Lowes, which originally was not going to call the preferreds, but they came back later with a $24 offer.

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$23.990
Owned Owned
No

PAST TOP PICK
Rona Inc(RON-T) 

December 22, 2016

(Top Pick Oct 27/15, Up 72.19%) They were trading low because it was prior to the takeover.  He stayed with it until it closed.  Takeovers are a big part of his portfolio gains.  He bought them because Lowes had already taken a run at them and it was turned down.

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(Top Pick Oct 27/15, Up 72.19%) They were trading low because it was prior to the takeover.  He stayed with it until it closed.  Takeovers are a big part of his portfolio gains.  He bought them because Lowes had already taken a run at them and it was turned down.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$23.990
Owned Owned
No

PAST TOP PICK
Rona Inc(RON-T) 

September 22, 2016

(A Top Pick Sept 18/15. Up 73.8%.) (Reset preferreds (A) March 2016.) He bought the preferreds because he wanted a little bit less risk. He thinks there is still a possibility that Lowes (LOW-N) might buy out the preferreds at $25 at some point. He loves the dividend tax credit he is getting.

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(A Top Pick Sept 18/15. Up 73.8%.) (Reset preferreds (A) March 2016.) He bought the preferreds because he wanted a little bit less risk. He thinks there is still a possibility that Lowes (LOW-N) might buy out the preferreds at $25 at some point. He loves the dividend tax credit he is getting.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$23.990
Owned Owned
Yes

PAST TOP PICK
Rona Inc(RON-T) 

August 5, 2016

(A Top Pick Aug 4/15. Up 55.28%.) This was taken out by Lowes (LOW-N). He still holds some of their preferreds.

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(A Top Pick Aug 4/15. Up 55.28%.) This was taken out by Lowes (LOW-N). He still holds some of their preferreds.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$23.990
Owned Owned
Yes

TOP PICK
Rona Inc(RON-T) 

April 5, 2016

(Preferred Shares 3.324%, Series A, callable in 5 years.) Had never liked the preferred market, because there was never any institutional ownership. All of a sudden, in this one, you have institutional ownership, and companies can’t push around the small shareholder like they used to.

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(Preferred Shares 3.324%, Series A, callable in 5 years.) Had never liked the preferred market, because there was never any institutional ownership. All of a sudden, in this one, you have institutional ownership, and companies can’t push around the small shareholder like they used to.

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$23.760
Owned Owned
Yes

COMMENT
Rona Inc(RON-T) 

January 20, 2016

Owns the preferreds which comes due in March/16. Had felt they were safer when the company was having problems. Their CEO is great and is a turnaround artist. The common shares have gone up quite a bit, and preferreds have been badly hit. The common shares are too expensive for him, but thinks there is a lot of upside still.

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Owns the preferreds which comes due in March/16. Had felt they were safer when the company was having problems. Their CEO is great and is a turnaround artist. The common shares have gone up quite a bit, and preferreds have been badly hit. The common shares are too expensive for him, but thinks there is a lot of upside still.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$10.850
Owned Owned
Yes

TOP PICK
Rona Inc(RON-T) 

October 27, 2015

Preferred A. Not in the Contra portfolio as he doesn’t see it as a 100%+ gain. Likes the company and likes the guy at the head who is a good turnaround person. The recent quarterly results were excellent with same-store sales up 5.5%, income up, and the dividend shares up. Good financial statements. He is buying the preferreds because there is less risk involved. This will reset in March 2016, and he assumes he will get about 3.5%, i.e. Bank of Canada rate +2.6%. For people who buy in now, he thinks it is a potentially good rate of return. He likes it as a safer place to put money. These resets are so out of favour now that they appeal to his contrarian side.

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Preferred A. Not in the Contra portfolio as he doesn’t see it as a 100%+ gain. Likes the company and likes the guy at the head who is a good turnaround person. The recent quarterly results were excellent with same-store sales up 5.5%, income up, and the dividend shares up. Good financial statements. He is buying the preferreds because there is less risk involved. This will reset in March 2016, and he assumes he will get about 3.5%, i.e. Bank of Canada rate +2.6%. For people who buy in now, he thinks it is a potentially good rate of return. He likes it as a safer place to put money. These resets are so out of favour now that they appeal to his contrarian side.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$14.000
Owned Owned
Yes

TOP PICK
Rona Inc(RON-T) 

September 18, 2015

(Reset preferreds (A) March 2016). Same-store sales went up 5.4% in the last quarter. Just increased their dividend in the common shares. He likes what management is doing. This is a safer option than common shares. Dividend yield of about 8%.

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(Reset preferreds (A) March 2016). Same-store sales went up 5.4% in the last quarter. Just increased their dividend in the common shares. He likes what management is doing. This is a safer option than common shares. Dividend yield of about 8%.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$13.870
Owned Owned
Yes

TOP PICK
Rona Inc(RON-T) 

August 4, 2015

Reset preferreds March 2016. Came out at $25 and are now at $16+, so your payout ratio is pretty good. It won’t be as sweet when they reset in March. It will be Bank of Canada rate +2.65%. The company is doing a turnaround. He likes a CEO. They are looking to buy back their franchises, which will cost them some money. That will eventually help the bottom line more.

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Reset preferreds March 2016. Came out at $25 and are now at $16+, so your payout ratio is pretty good. It won’t be as sweet when they reset in March. It will be Bank of Canada rate +2.65%. The company is doing a turnaround. He likes a CEO. They are looking to buy back their franchises, which will cost them some money. That will eventually help the bottom line more.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$15.570
Owned Owned
Yes

TOP PICK
Rona Inc(RON-T) 

January 27, 2015

5.4% bond maturing Oct 20/16. (He is biased towards the short term because the market still feels fairly expensive. Corporate credit still offers pretty good value.) This is a little under 2 years and yielding over 3% while Canada bonds offer 5%, which is a huge yield pick up. However, it is not an investment great company. They have had some pretty good numbers as of late. He is pretty confident they will be able to refinance fairly easy come 2016.

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5.4% bond maturing Oct 20/16. (He is biased towards the short term because the market still feels fairly expensive. Corporate credit still offers pretty good value.) This is a little under 2 years and yielding over 3% while Canada bonds offer 5%, which is a huge yield pick up. However, it is not an investment great company. They have had some pretty good numbers as of late. He is pretty confident they will be able to refinance fairly easy come 2016.

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Joey Mack

Director, , ScotiaCapital...

Price Price
$12.590
Owned Owned
Yes

WATCH
Rona Inc(RON-T) 

December 23, 2014

Chart is showing a bullish sign where there are rising bottoms. Chart shows it has broken out, but has come back and is now consolidating sideways. Once it gets past its old high that is a very good sign for this company. We are in a seasonal period for it to do well.

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Chart is showing a bullish sign where there are rising bottoms. Chart shows it has broken out, but has come back and is now consolidating sideways. Once it gets past its old high that is a very good sign for this company. We are in a seasonal period for it to do well.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$13.810
Owned Owned
Unknown

TOP PICK
Rona Inc(RON-T) 

November 10, 2014

5.4% Bond maturing Oct 20, 2016. They are continuing to chug along and make money. It is a lot compared to the Government of Canada bonds.  

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5.4% Bond maturing Oct 20, 2016. They are continuing to chug along and make money. It is a lot compared to the Government of Canada bonds.  

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Joey Mack

Director, , ScotiaCapital...

Price Price
$13.660
Owned Owned
Yes

TOP PICK
Rona Inc(RON-T) 

February 18, 2014

Preferred A. Just reported results and a lot of people didn’t like it. He is getting about 7% on this.

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Preferred A. Just reported results and a lot of people didn’t like it. He is getting about 7% on this.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$11.580
Owned Owned
Yes

BUY on WEAKNESS
Rona Inc(RON-T) 

January 8, 2014

Had a takeover offer, which they turned down. The new head honcho has been closing some of the stores and he might be the right kind of guy to do a good turn around. Would like to see this cheaper, maybe under $10.

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Had a takeover offer, which they turned down. The new head honcho has been closing some of the stores and he might be the right kind of guy to do a good turn around. Would like to see this cheaper, maybe under $10.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$12.920
Owned Owned
No

COMMENT
Rona Inc(RON-T) 

July 26, 2013

Doesn’t know this story extremely well. Turned down an acquisition offer. Now have a big turnaround plan in place. Likes turnaround stories but he finds retail is a difficult business because it is so competitive. There are not a lot of barriers to entry. This one doesn’t have the scale of the big US companies or their buying power. Also not sure that they have the management skill.

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Doesn’t know this story extremely well. Turned down an acquisition offer. Now have a big turnaround plan in place. Likes turnaround stories but he finds retail is a difficult business because it is so competitive. There are not a lot of barriers to entry. This one doesn’t have the scale of the big US companies or their buying power. Also not sure that they have the management skill.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$11.510
Owned Owned
No

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