SAP-T
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.
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.
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.
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.
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.
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.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
Saputo Inc. is a Canadian stock, trading under the symbol SAP-T on the Toronto Stock Exchange (SAP-CT). It is usually referred to as TSX:SAP or SAP-T
In the last year, 2 stock analysts published opinions about SAP-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Saputo Inc..
Saputo Inc. was recommended as a Top Pick by Ryan Bushell on 2020-09-25. Read the latest stock experts ratings for Saputo Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Saputo Inc. In the last year. It is a trending stock that is worth watching.
On 2020-09-29, Saputo Inc. (SAP-T) stock closed at a price of $33.72.
