Rona Inc

RON-T

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This company is not ACTIVE.

Analysis and Opinions about RON-T

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Opinion
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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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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%.

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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%.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

WAIT
WAIT
May 17, 2013

Thinks the business is challenged by the big box stores. Would wait on the sidelines until they sort things out.

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Rona Inc (RON-T)
May 17, 2013

Thinks the business is challenged by the big box stores. Would wait on the sidelines until they sort things out.

COMMENT
COMMENT
April 22, 2013

Caller asked about possibility of a take-out. He is not an M&A guy. If the housing sector is slowing, it means a lot of people are renovating and that is a catalyst for the stock.

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Rona Inc (RON-T)
April 22, 2013

Caller asked about possibility of a take-out. He is not an M&A guy. If the housing sector is slowing, it means a lot of people are renovating and that is a catalyst for the stock.

DON'T BUY
DON'T BUY
March 13, 2013

Retail is a tough, tough business. He’d be very careful of this sector. Looking at the chart, he would think this one is going to be dead money.

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Rona Inc (RON-T)
March 13, 2013

Retail is a tough, tough business. He’d be very careful of this sector. Looking at the chart, he would think this one is going to be dead money.

PAST TOP PICK
PAST TOP PICK
March 1, 2013

(A Top Pick March 22/12. Up 53.44%.) Sold his holdings.

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Rona Inc (RON-T)
March 1, 2013

(A Top Pick March 22/12. Up 53.44%.) Sold his holdings.

DON'T BUY
DON'T BUY
January 25, 2013

Environment on the stock has changed. You have strong competition and it’s a tougher market. The takeover offer was basically shut down so he doesn’t think this is a possibility. Limited growth.

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Rona Inc (RON-T)
January 25, 2013

Environment on the stock has changed. You have strong competition and it’s a tougher market. The takeover offer was basically shut down so he doesn’t think this is a possibility. Limited growth.

PAST TOP PICK
PAST TOP PICK
December 18, 2012

(A Top Pick Dec 14/11. Up 15.15%.) Very disappointed in the management and in particular the Board of Directors. Feels they are not acting in the best interests of the shareholders. Lowes (LOW-N) made a proposal last summer and the board would not take that to the shareholders.

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Rona Inc (RON-T)
December 18, 2012

(A Top Pick Dec 14/11. Up 15.15%.) Very disappointed in the management and in particular the Board of Directors. Feels they are not acting in the best interests of the shareholders. Lowes (LOW-N) made a proposal last summer and the board would not take that to the shareholders.

COMMENT
COMMENT
November 16, 2012

Lowes could come back. Directors have not acted on the shareholders behalf. He needs more shareholder –friendly people as directors.

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Rona Inc (RON-T)
November 16, 2012

Lowes could come back. Directors have not acted on the shareholders behalf. He needs more shareholder –friendly people as directors.

COMMENT
COMMENT
November 2, 2012

Very poorly run company and the short-term Québec politics has allowed poor management to hide. Will be reporting next week and there won’t be anything special. Thinks that before the next annual meeting, there will probably be a proxy fight.

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Rona Inc (RON-T)
November 2, 2012

Very poorly run company and the short-term Québec politics has allowed poor management to hide. Will be reporting next week and there won’t be anything special. Thinks that before the next annual meeting, there will probably be a proxy fight.

DON'T BUY
DON'T BUY
September 25, 2012

If you own, you are going to have to be patient. It was disappointing somewhat that they rebuffed Lowes (LOW-N) advance. Haven’t executed well on a variety of strategies. Doesn’t see the sector having a lot of wind at its back going forward. The housing boom is moderating.

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Rona Inc (RON-T)
September 25, 2012

If you own, you are going to have to be patient. It was disappointing somewhat that they rebuffed Lowes (LOW-N) advance. Haven’t executed well on a variety of strategies. Doesn’t see the sector having a lot of wind at its back going forward. The housing boom is moderating.

HOLD
HOLD
September 10, 2012

Quebec election didn't settle much. He hopes the Lowe’s takeover will not be affected. The stock has not gone down. He is disappointed that the board has not worked more to get the most from the deal for shareholders and Canadian employees.

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Rona Inc (RON-T)
September 10, 2012

Quebec election didn't settle much. He hopes the Lowe’s takeover will not be affected. The stock has not gone down. He is disappointed that the board has not worked more to get the most from the deal for shareholders and Canadian employees.

PAST TOP PICK
PAST TOP PICK
August 27, 2012

(A Top Pick Aug 4/11. Up 4.2%.) 5.25% Series 6, Class A. Company was getting into trouble so he sold his holdings.

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Rona Inc (RON-T)
August 27, 2012

(A Top Pick Aug 4/11. Up 4.2%.) 5.25% Series 6, Class A. Company was getting into trouble so he sold his holdings.

COMMENT
COMMENT
August 22, 2012

Hopes that Lowes (LOW-N) is successful in its acquisition and he feels they will be. Rona from a fundamental perspective has never been a favourite. Have had deteriorating fundamentals.

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Rona Inc (RON-T)
August 22, 2012

Hopes that Lowes (LOW-N) is successful in its acquisition and he feels they will be. Rona from a fundamental perspective has never been a favourite. Have had deteriorating fundamentals.

HOLD
HOLD
August 7, 2012

Hang on to it but he would not buy it if you don’t own it. If your stock goes above the offer, then take profits. There is a long history of interference in Quebec.

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Rona Inc (RON-T)
August 7, 2012

Hang on to it but he would not buy it if you don’t own it. If your stock goes above the offer, then take profits. There is a long history of interference in Quebec.

SELL
SELL
August 1, 2012

Declined Lowes (LOW-N) offer of a takeover. Lowes already has a decent international expansion program, principally in Australia. If you own, he would Sell.

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Rona Inc (RON-T)
August 1, 2012

Declined Lowes (LOW-N) offer of a takeover. Lowes already has a decent international expansion program, principally in Australia. If you own, he would Sell.

BUY
BUY
July 31, 2012

His mind boggles at how this company can think they will grow their way out of this situation. We've had the best housing boom in Canada that we have seen in a generation and they have not grown their earnings. The bid for this company from Lowes (LOW-N) is at book value and buying here is probably not a bad idea.

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Rona Inc (RON-T)
July 31, 2012

His mind boggles at how this company can think they will grow their way out of this situation. We've had the best housing boom in Canada that we have seen in a generation and they have not grown their earnings. The bid for this company from Lowes (LOW-N) is at book value and buying here is probably not a bad idea.

PAST TOP PICK
PAST TOP PICK
June 26, 2012
(A Top Pick June 29/11. Down 11.31%.)
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Rona Inc (RON-T)
June 26, 2012
(A Top Pick June 29/11. Down 11.31%.)
PAST TOP PICK
PAST TOP PICK
May 23, 2012
(A Top Pick May 20/11. Down 16.99%.) Has destroyed shareholder value for the last 5 years down over 55%. Major shareholders, including himself, are saying that things have to change. Things the value of the stock is north of $15-$17.
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Rona Inc (RON-T)
May 23, 2012
(A Top Pick May 20/11. Down 16.99%.) Has destroyed shareholder value for the last 5 years down over 55%. Major shareholders, including himself, are saying that things have to change. Things the value of the stock is north of $15-$17.
DON'T BUY
DON'T BUY
May 10, 2012
Wouldn't be particularly bullish on the homebuilders sector. When they start downscaling some of their stores, which they are doing, it means the market is over built.
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Rona Inc (RON-T)
May 10, 2012
Wouldn't be particularly bullish on the homebuilders sector. When they start downscaling some of their stores, which they are doing, it means the market is over built.
BUY
BUY
April 3, 2012
Speculation that Lowes (LOW-N) could be interested in acquiring this company. 1 million homes were purchased in the US in the last quarter. If you own, you are good shape.
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Rona Inc (RON-T)
April 3, 2012
Speculation that Lowes (LOW-N) could be interested in acquiring this company. 1 million homes were purchased in the US in the last quarter. If you own, you are good shape.
TOP PICK
TOP PICK
March 22, 2012
Here is a company that does almost $5 Billion in sales and buys back stock. New CFO came in and he suspects they are back on track with the improving weather. This could be a take-over candidate but it is fundamentally cheap anyway. Dividend – 1.5%. He thinks company will do well on its own without a takeover.
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Rona Inc (RON-T)
March 22, 2012
Here is a company that does almost $5 Billion in sales and buys back stock. New CFO came in and he suspects they are back on track with the improving weather. This could be a take-over candidate but it is fundamentally cheap anyway. Dividend – 1.5%. He thinks company will do well on its own without a takeover.
HOLD
HOLD
March 20, 2012
It has been painful. Part is self-inflicted and part is weather related. Hopefully this year will be better so same store sales should be better. Home improvement business in general is weak in Canada. They’ve never been as good as their competitors in the big box stores. Is below book value here.
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Rona Inc (RON-T)
March 20, 2012
It has been painful. Part is self-inflicted and part is weather related. Hopefully this year will be better so same store sales should be better. Home improvement business in general is weak in Canada. They’ve never been as good as their competitors in the big box stores. Is below book value here.
HOLD
HOLD
March 19, 2012
Hold to sell. Lowes will give them a very hard run.
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