Just Energy Group

JE-T

TSE:JE

2.72
0.12 (4.23%)
Just Energy Group Inc. is a Canadian-based natural gas and electricity retailer operating in Canadian and American markets across North America and in the United Kingdom, Ireland, and Germany.
More at Wikipedia

Analysis and Opinions about JE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 21, 2018
They sell energy contracts. They have under gone several management changes over the years. He is not a great fan of this business model.
Just Energy Group (JE-T)
November 21, 2018
They sell energy contracts. They have under gone several management changes over the years. He is not a great fan of this business model.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$5.320
Owned
No
COMMENT
COMMENT
September 13, 2018

Just energy vs. Crius Energy Trust: Similar companies, valuations and dividends. He prefers Crius because he knows it better and are shifting their client portfolio to more commercial and higher-margin companies. He likes this shift.

Just Energy Group (JE-T)
September 13, 2018

Just energy vs. Crius Energy Trust: Similar companies, valuations and dividends. He prefers Crius because he knows it better and are shifting their client portfolio to more commercial and higher-margin companies. He likes this shift.

Ryan Modesto
Managing Partner, 5i Research
Price
$3.890
Owned
Unknown
DON'T BUY
DON'T BUY
June 20, 2018

Just Energy vs. Crius: Just's chart hasn't performed well. It trades at a fair 5x EBITDA. Problem with these companies is that they're an energy marketers, but the market believes it better to own the client (producer), not the marketer. You're much better with Cruis: activist investors moved onto the board, better yield, less levereg.

Just Energy vs. Crius: Just's chart hasn't performed well. It trades at a fair 5x EBITDA. Problem with these companies is that they're an energy marketers, but the market believes it better to own the client (producer), not the marketer. You're much better with Cruis: activist investors moved onto the board, better yield, less levereg.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$4.810
Owned
No
DON'T BUY
DON'T BUY
May 30, 2018

He has other recommendations in this space. They have had several issues in the past, including weather reducing demand. They have a new CEO focused on new strategies. With a high dividend, most of the earnings are spoken for and the dividend could be at risk in the next year. Yield 10%.

He has other recommendations in this space. They have had several issues in the past, including weather reducing demand. They have a new CEO focused on new strategies. With a high dividend, most of the earnings are spoken for and the dividend could be at risk in the next year. Yield 10%.

Michael Sprung
President, Sprung Investment Management
Price
$4.790
Owned
No
WATCH
WATCH
April 11, 2018

Doesn't own it now. Two areas he's watching are their new solar initiatives, and them getting further into Europe. Neither are as strong as he expected. Dividend yield is nearly 9% which has attracted investors, which could be sustainable.

Doesn't own it now. Two areas he's watching are their new solar initiatives, and them getting further into Europe. Neither are as strong as he expected. Dividend yield is nearly 9% which has attracted investors, which could be sustainable.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$5.580
Owned
No
COMMENT
COMMENT
November 29, 2017

Double down? Hasn’t looked at this for a long time, so can’t give a good opinion. They are trying to diversify in Japan, but who knows if they have the expertise in that. However, he would not double down.

Just Energy Group (JE-T)
November 29, 2017

Double down? Hasn’t looked at this for a long time, so can’t give a good opinion. They are trying to diversify in Japan, but who knows if they have the expertise in that. However, he would not double down.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$5.390
Owned
No
PAST TOP PICK
PAST TOP PICK
July 26, 2017

(A Top Pick July 27/16. Down 9.57%.) Was hoping to see a continued turnaround in their business, but they had a softer quarter and he sold his holdings at a loss. Likes the business longer-term, but wants to make sure it is going in the right direction from a quarterly standpoint.

(A Top Pick July 27/16. Down 9.57%.) Was hoping to see a continued turnaround in their business, but they had a softer quarter and he sold his holdings at a loss. Likes the business longer-term, but wants to make sure it is going in the right direction from a quarterly standpoint.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$6.800
Owned
No
COMMENT
COMMENT
February 2, 2017

ENB-T vs. JE-T. Ask yourself why you should sell ENB-N. You should not sell it because they have raised the dividend every year. ENB-T is a safe, stable company that grows the dividend and never loses money. They can continue to grow the dividend. JE-T has been a great recovery story, but he would not sell ENB-T to buy JE-T. ENB-T moved their money into the US which everyone wanted to do.

Just Energy Group (JE-T)
February 2, 2017

ENB-T vs. JE-T. Ask yourself why you should sell ENB-N. You should not sell it because they have raised the dividend every year. ENB-T is a safe, stable company that grows the dividend and never loses money. They can continue to grow the dividend. JE-T has been a great recovery story, but he would not sell ENB-T to buy JE-T. ENB-T moved their money into the US which everyone wanted to do.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$7.660
Owned
No
COMMENT
COMMENT
January 23, 2017

An OK business. It’s a marketer on energy. One of the knocks has been leverage on the balance sheet, so they de-levered the balance sheet over time. However, it is a business that is on a treadmill for life, a lot of churn. Clients leave and you always have to acquire new ones. Prefers, Crius Energy Trust (KWH.UN-T) which trades at a significantly cheaper valuation and gives a 9% yield with a 58% payout ratio. Thinks the market is undervaluing the assets. Also, it has no debt on the balance sheet.

Just Energy Group (JE-T)
January 23, 2017

An OK business. It’s a marketer on energy. One of the knocks has been leverage on the balance sheet, so they de-levered the balance sheet over time. However, it is a business that is on a treadmill for life, a lot of churn. Clients leave and you always have to acquire new ones. Prefers, Crius Energy Trust (KWH.UN-T) which trades at a significantly cheaper valuation and gives a 9% yield with a 58% payout ratio. Thinks the market is undervaluing the assets. Also, it has no debt on the balance sheet.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$7.410
Owned
No
DON'T BUY
DON'T BUY
December 8, 2016

(Market Call Minute.) This is a risky business model, so he would stay away.

Just Energy Group (JE-T)
December 8, 2016

(Market Call Minute.) This is a risky business model, so he would stay away.

Jim Huang
President, T.I.P. Wealth Management
Price
$7.450
Owned
No
COMMENT
COMMENT
October 11, 2016

The stock in Price to Book is very, very expensive. Trading at about 20X Book. The stock, a little while ago, got up to its FMV, but recently on expectations of much improved earnings, the earnings forecasts have really shot up. Analysts have more than 100% upside for the stock. It also has a sweet yield. The dividend is well covered.

Just Energy Group (JE-T)
October 11, 2016

The stock in Price to Book is very, very expensive. Trading at about 20X Book. The stock, a little while ago, got up to its FMV, but recently on expectations of much improved earnings, the earnings forecasts have really shot up. Analysts have more than 100% upside for the stock. It also has a sweet yield. The dividend is well covered.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$6.440
Owned
Unknown
HOLD
HOLD
September 21, 2016

Their last quarter had disappointing numbers on the number of customers they were adding. This is still a pretty attractive business. They are looking at new markets in the solar area as well as expansion to Europe. If you own, wait for a quarter or 2 for the numbers to start to improve, when he expects the stock will start to respond accordingly.

Just Energy Group (JE-T)
September 21, 2016

Their last quarter had disappointing numbers on the number of customers they were adding. This is still a pretty attractive business. They are looking at new markets in the solar area as well as expansion to Europe. If you own, wait for a quarter or 2 for the numbers to start to improve, when he expects the stock will start to respond accordingly.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$6.970
Owned
Unknown
TOP PICK
TOP PICK
August 12, 2016

*SHORT* This is a long-term short for him. They essentially sell energy contracts door-to-door, and knock on literally millions of dollars a year. You have to ask yourself when is the last time you bought something from a door-to-door salesman, let alone engaged in a multiyear energy contract. Also the attrition rate is about 16% a year.

Just Energy Group (JE-T)
August 12, 2016

*SHORT* This is a long-term short for him. They essentially sell energy contracts door-to-door, and knock on literally millions of dollars a year. You have to ask yourself when is the last time you bought something from a door-to-door salesman, let alone engaged in a multiyear energy contract. Also the attrition rate is about 16% a year.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$7.310
Owned
Yes
COMMENT
COMMENT
August 2, 2016

Their value proposition to customers is not something he is particularly comfortable with. They provide you certainty on your cost of living, etc., but in exchange for a big certainty premium. He has not been able to figure out how that is a repeatable strategy over time. Also, it is a captive universe. Once you have knocked on every door, there is a lot of time before you can go back. Because of this, it is not a growth stock.

Their value proposition to customers is not something he is particularly comfortable with. They provide you certainty on your cost of living, etc., but in exchange for a big certainty premium. He has not been able to figure out how that is a repeatable strategy over time. Also, it is a captive universe. Once you have knocked on every door, there is a lot of time before you can go back. Because of this, it is not a growth stock.

Greg Dean
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$7.870
Owned
No
TOP PICK
TOP PICK
July 27, 2016

This does energy services and energy marketing, so they are a reseller of different products such as natural gas. Now they’ve just gotten into solar. Have done test marketing both in California and New York, which has gone well, so they are going to start to roll it out across the country. They are also starting to take their existing traditional services over into Europe. The company is on a bit of a growth path, and he thinks you could start to see the earnings accelerate. Trading at a fairly reasonable valuation. Dividend yield of 6.21%.

This does energy services and energy marketing, so they are a reseller of different products such as natural gas. Now they’ve just gotten into solar. Have done test marketing both in California and New York, which has gone well, so they are going to start to roll it out across the country. They are also starting to take their existing traditional services over into Europe. The company is on a bit of a growth path, and he thinks you could start to see the earnings accelerate. Trading at a fairly reasonable valuation. Dividend yield of 6.21%.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$8.050
Owned
Yes
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