Rona Inc

RON-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about RON-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
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.

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.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$23.990
Owned
No
PAST TOP PICK
PAST TOP PICK
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$23.990
Owned
No
PAST TOP PICK
PAST TOP PICK
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$23.990
Owned
Yes
PAST TOP PICK
PAST TOP PICK
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$23.990
Owned
Yes
TOP PICK
TOP PICK
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.

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.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$23.760
Owned
Yes
COMMENT
COMMENT
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$10.850
Owned
Yes
TOP PICK
TOP PICK
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$14.000
Owned
Yes
TOP PICK
TOP PICK
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%.

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%.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$13.870
Owned
Yes
TOP PICK
TOP PICK
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$15.570
Owned
Yes
TOP PICK
TOP PICK
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.

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.

Joey Mack
Director, Fixed Income, ScotiaCapital
Price
$12.590
Owned
Yes
WATCH
WATCH
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.

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.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$13.810
Owned
Unknown
TOP PICK
TOP PICK
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.

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.

Joey Mack
Director, Fixed Income, ScotiaCapital
Price
$13.660
Owned
Yes
TOP PICK
TOP PICK
February 18, 2014

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

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$11.580
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$12.920
Owned
No
COMMENT
COMMENT
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.

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.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$11.510
Owned
No
Showing 1 to 15 of 154 entries