Saputo Inc.

SAP-T

TSE:SAP

41.36
1.32 (3.30%)
Saputo Inc. is a Montreal-based Canadian dairy company founded in 1954 by the Saputo family. Currently, Saputo produces, markets, and distributes a wide array of dairy products, including cheese, fluid ...
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Analysis and Opinions about SAP-T

Signal
Opinion
Expert
WAIT
WAIT
January 7, 2020
Trades in a tight band of consolidation around $40. It's a defensive stock. Wait till summertime seasonality when it may do well. Wait till $42 before considering it; it could breakout above that level.
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Saputo Inc. (SAP-T)
January 7, 2020
Trades in a tight band of consolidation around $40. It's a defensive stock. Wait till summertime seasonality when it may do well. Wait till $42 before considering it; it could breakout above that level.
DON'T BUY
DON'T BUY
August 8, 2019
Problem he sees is that its profitability, with all its acquisitions, has been falling. Stock's trading above its FMV, so not a lot of upside. Should have good support above $37.50, but if it falls below, get out.
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Saputo Inc. (SAP-T)
August 8, 2019
Problem he sees is that its profitability, with all its acquisitions, has been falling. Stock's trading above its FMV, so not a lot of upside. Should have good support above $37.50, but if it falls below, get out.
BUY WEAKNESS
BUY WEAKNESS
June 14, 2019
Their earnings disappointed, yes, but he would buy. His model price is $44.99. He would buy at $37--even better. Food stocks, though, are seeing slow growth as consumers shift towards healthier food.
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Saputo Inc. (SAP-T)
June 14, 2019
Their earnings disappointed, yes, but he would buy. His model price is $44.99. He would buy at $37--even better. Food stocks, though, are seeing slow growth as consumers shift towards healthier food.
DON'T BUY
DON'T BUY
May 17, 2019
He used to own this for 18 years till he sold it last year. It hadn't done much for the last 5 years and there's now a lot of competition in dairy. Their North American results are flat or negative. They're making big acquisitions abroad, but that comes with risk. Good manager, but flat earnings.
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Saputo Inc. (SAP-T)
May 17, 2019
He used to own this for 18 years till he sold it last year. It hadn't done much for the last 5 years and there's now a lot of competition in dairy. Their North American results are flat or negative. They're making big acquisitions abroad, but that comes with risk. Good manager, but flat earnings.
COMMENT
COMMENT
March 13, 2019
He watches it, watching defensive stocks. SAP has done well. They bought a UK company, Dairy Crest, and the market liked it. There'll be more acquisitions to come. The only problem is the commodity price of milk and cheeese, which is going down.
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Saputo Inc. (SAP-T)
March 13, 2019
He watches it, watching defensive stocks. SAP has done well. They bought a UK company, Dairy Crest, and the market liked it. There'll be more acquisitions to come. The only problem is the commodity price of milk and cheeese, which is going down.
DON'T BUY
DON'T BUY
January 22, 2019
He solid it last year. He lost faith in them become more than a commodity (dairy) supplier; it lacks pricing power. It's made acquisitions to try to grow, because there's little organic growth. A good, solid company, but can they get passed being a price-taker with no control over the prices of their products?
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Saputo Inc. (SAP-T)
January 22, 2019
He solid it last year. He lost faith in them become more than a commodity (dairy) supplier; it lacks pricing power. It's made acquisitions to try to grow, because there's little organic growth. A good, solid company, but can they get passed being a price-taker with no control over the prices of their products?
BUY
BUY
December 7, 2018
Their earnings report was weak with adjusted net earnings down 12%. They own assets in the US and Canada, so cross-border shipping is not a problem. Also have an Australian business which will serve Chinese demand for milk later. Dividend has grown 10% a year over past year and has slowed down a bit lately as they've made acquisitions. You can buy this for your TFSA and tuck it away.
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Saputo Inc. (SAP-T)
December 7, 2018
Their earnings report was weak with adjusted net earnings down 12%. They own assets in the US and Canada, so cross-border shipping is not a problem. Also have an Australian business which will serve Chinese demand for milk later. Dividend has grown 10% a year over past year and has slowed down a bit lately as they've made acquisitions. You can buy this for your TFSA and tuck it away.
COMMENT
COMMENT
November 23, 2018
Consumer staples are defensive, so it's outperformed the wider market. Seasonally, it shines Jan.16-June 14. Has had a mild, long-term trend of lower-lows and lower-highs, but momentum is now turning higher. Not a place for long-term capital appreciation. This is a first-half of the year story, really.
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Saputo Inc. (SAP-T)
November 23, 2018
Consumer staples are defensive, so it's outperformed the wider market. Seasonally, it shines Jan.16-June 14. Has had a mild, long-term trend of lower-lows and lower-highs, but momentum is now turning higher. Not a place for long-term capital appreciation. This is a first-half of the year story, really.
COMMENT
COMMENT
October 1, 2018

Regarding the resolution of NAFTA today, Saputo is a fine, international company and saw resolution on the supply management issue. Saputo actually has cheese factories in the U.S., so it's always been a cross-border play. The US dairy farmers gained a little more exposure to the Canadian market, but not that much, which means the USMCA isn't too damaging to Saputo. He stresses that Saputo has a lot of international exposure, to offset this negative effect.

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Saputo Inc. (SAP-T)
October 1, 2018

Regarding the resolution of NAFTA today, Saputo is a fine, international company and saw resolution on the supply management issue. Saputo actually has cheese factories in the U.S., so it's always been a cross-border play. The US dairy farmers gained a little more exposure to the Canadian market, but not that much, which means the USMCA isn't too damaging to Saputo. He stresses that Saputo has a lot of international exposure, to offset this negative effect.

DON'T BUY
DON'T BUY
September 11, 2018

They had a soft quarter, the price environment for their products is weak. In addition, the supply managing negotiations in NAFTA are creating uncertainties for their business. An interview with Saputo’s president indicated that changing supply management rules would cause challenges for Saputo over the near term. However, Saputo is really good at expanding through acquisitions, they have a strong balance sheet and operations in several countries. Support for this stock will come as they expand within the new environment. The changes might also reduce their costs. She would not buy yet. She wants to wait to get a better sense of what will come out of NAFTA.

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Saputo Inc. (SAP-T)
September 11, 2018

They had a soft quarter, the price environment for their products is weak. In addition, the supply managing negotiations in NAFTA are creating uncertainties for their business. An interview with Saputo’s president indicated that changing supply management rules would cause challenges for Saputo over the near term. However, Saputo is really good at expanding through acquisitions, they have a strong balance sheet and operations in several countries. Support for this stock will come as they expand within the new environment. The changes might also reduce their costs. She would not buy yet. She wants to wait to get a better sense of what will come out of NAFTA.

HOLD
HOLD
August 29, 2018

Has owned this for over 10 years. Subject to volatility due to the price of its raw material that they can't control. Dairy is a low-growth market. China's growth has been slower than hoped. He feels so-so about Saputo. Likes the management, but not the raw material. Food stocks never go out of fashion, so a good diversifyer in a portfolio, but it won't create fireworks for an investor.

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Saputo Inc. (SAP-T)
August 29, 2018

Has owned this for over 10 years. Subject to volatility due to the price of its raw material that they can't control. Dairy is a low-growth market. China's growth has been slower than hoped. He feels so-so about Saputo. Likes the management, but not the raw material. Food stocks never go out of fashion, so a good diversifyer in a portfolio, but it won't create fireworks for an investor.

DON'T BUY
DON'T BUY
August 8, 2018

They reported yesterday and had a weak quarter and they guided lower. There is a lot of competition in this market. They grow through acquisitions. She prefers company that grow organically. They are in a mature business. She thinks there are better opportunities elsewhere.

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Saputo Inc. (SAP-T)
August 8, 2018

They reported yesterday and had a weak quarter and they guided lower. There is a lot of competition in this market. They grow through acquisitions. She prefers company that grow organically. They are in a mature business. She thinks there are better opportunities elsewhere.

COMMENT
COMMENT
May 23, 2018

This is doing well for a consumer staples stock. The group has been performing badly, and Saputo is a nice house in a bad neighbourhood. Great company. But there are better sectors to buy.

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Saputo Inc. (SAP-T)
May 23, 2018

This is doing well for a consumer staples stock. The group has been performing badly, and Saputo is a nice house in a bad neighbourhood. Great company. But there are better sectors to buy.

COMMENT
COMMENT
January 19, 2018

A big international company now, and whether NAFTA comes or goes, doesn't make the slightest bit of difference anymore. For years and years, this has been bouncing right along one of his technical break points of about 4X BV, which is where it’s trading right now. It doesn't have a lot of upside potential, but the BV is growing not too badly. As long as it keeps on growing, you should be alright.

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Saputo Inc. (SAP-T)
January 19, 2018

A big international company now, and whether NAFTA comes or goes, doesn't make the slightest bit of difference anymore. For years and years, this has been bouncing right along one of his technical break points of about 4X BV, which is where it’s trading right now. It doesn't have a lot of upside potential, but the BV is growing not too badly. As long as it keeps on growing, you should be alright.

COMMENT
COMMENT
January 5, 2018

(Market Call Minute.) Has owned this in the past. There is a benefit and an offset to the kind of tax code and other stuff that has been going on. One of the Top 3 picks in tonight's show will be a better offering.

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Saputo Inc. (SAP-T)
January 5, 2018

(Market Call Minute.) Has owned this in the past. There is a benefit and an offset to the kind of tax code and other stuff that has been going on. One of the Top 3 picks in tonight's show will be a better offering.

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