TSE:SPB
12.80
0.00
(0.00%)
Analysis and Opinions about SPB-T
Signal
Opinion
Expert
BUY
BUY
January 21, 2020
As a trade, you can play it here, buy now. Rangebound, $14 is the upper range.
Show full opinionHide full opinion
As a trade, you can play it here, buy now. Rangebound, $14 is the upper range.
TOP PICK
TOP PICK
December 13, 2019
New highs. Valuations are high in the market, and it's hard to get good yield in a bond portfolio. It's not expensive with a good price-earning ratio with a dividend. It's a propane franchise, and it's probably undervalued. A good roll-up story going forward. (Analysts’ price target is $14.95)
Show full opinionHide full opinionNew highs. Valuations are high in the market, and it's hard to get good yield in a bond portfolio. It's not expensive with a good price-earning ratio with a dividend. It's a propane franchise, and it's probably undervalued. A good roll-up story going forward. (Analysts’ price target is $14.95)
PARTIAL SELL
PARTIAL SELL
November 19, 2019
Has support at $12 and resistance around $13. It will be tough to rise above $13. Sell part or all now.
Show full opinionHide full opinionHas support at $12 and resistance around $13. It will be tough to rise above $13. Sell part or all now.
DON'T BUY
DON'T BUY
September 10, 2019
He owns the bonds, but not the stock. A low-growth business, hauling around petrochemical products. Stable, though and a safe dividend. Little capital appreciation here.
Show full opinionHide full opinionHe owns the bonds, but not the stock. A low-growth business, hauling around petrochemical products. Stable, though and a safe dividend. Little capital appreciation here.
HOLD
HOLD
July 12, 2019
He owns the bonds and convertible debentures which pay an attractive 6%. Doesn't own the stocks. SPB will report a good Q2 after fixing its problems. It's returning to its 2015 levels and approaching full value. He has a $14 stock target.
Show full opinionHide full opinionHe owns the bonds and convertible debentures which pay an attractive 6%. Doesn't own the stocks. SPB will report a good Q2 after fixing its problems. It's returning to its 2015 levels and approaching full value. He has a $14 stock target.
DON'T BUY
DON'T BUY
April 29, 2019
Pays a 6.1% dividend. The payout is 40%. Sales were up 5% last quarter, but earnings were down 44%, an 11% negative surprise, and earnings estimates have been chopped 18% in the last 90 days. The coming quarter is expected to see a 30% rebound in earnings. Earnings are expected to jump 70% in the coming year. Their 11% ROE is reasonable. But this ranks low in his rankings.
Show full opinionHide full opinionPays a 6.1% dividend. The payout is 40%. Sales were up 5% last quarter, but earnings were down 44%, an 11% negative surprise, and earnings estimates have been chopped 18% in the last 90 days. The coming quarter is expected to see a 30% rebound in earnings. Earnings are expected to jump 70% in the coming year. Their 11% ROE is reasonable. But this ranks low in his rankings.
TOP PICK
TOP PICK
April 25, 2019
Good job in acquiring propane distribution companies in US, plus growing their retail distribution. Inexpensive multiple. Could comfortably move into the $13-14 range. Attractive level. Yield is 6.17%. (Analysts’ price target is $14.38)
Show full opinionHide full opinionGood job in acquiring propane distribution companies in US, plus growing their retail distribution. Inexpensive multiple. Could comfortably move into the $13-14 range. Attractive level. Yield is 6.17%. (Analysts’ price target is $14.38)
TOP PICK
TOP PICK
April 11, 2019
It is a play on their growth in the propane business in the northeast. The energy part of their business is about 80% and is the focus. They did a good job with a few acquisitions. The market took it too low. They pay out only half of their earnings. Retail distribution is much better the wholesale. It could move to $13-$14. (Analysts’ price target is $14.39)
Show full opinionHide full opinionIt is a play on their growth in the propane business in the northeast. The energy part of their business is about 80% and is the focus. They did a good job with a few acquisitions. The market took it too low. They pay out only half of their earnings. Retail distribution is much better the wholesale. It could move to $13-$14. (Analysts’ price target is $14.39)
BUY
BUY
August 21, 2018
A bond proxy. From 2016 to early-2017 it had an uptrend, then a pullback. This year, the uptrend has resumed. He likes the chart--it's currently on the upside. Also pays a decent dividend. Let's see if it tests upside resistance at $14.
A bond proxy. From 2016 to early-2017 it had an uptrend, then a pullback. This year, the uptrend has resumed. He likes the chart--it's currently on the upside. Also pays a decent dividend. Let's see if it tests upside resistance at $14.
COMMENT
COMMENT
May 10, 2018
There is good support. It looks good here. But it has to cross the $13.40 level to show him that is a buy. (Analysts’ price target is $14.56)
There is good support. It looks good here. But it has to cross the $13.40 level to show him that is a buy. (Analysts’ price target is $14.56)
BUY
BUY
May 3, 2018
This trades a 15.5 times earnings vs peers trading at 17 times. He likes it. Distributions are safe. A play on a slightly better economy. 66% energy, 33% specialty chemicals. The balance sheet is a little stretched. A name you can buy for risk-adjusted accounts. Not a blue chip.
This trades a 15.5 times earnings vs peers trading at 17 times. He likes it. Distributions are safe. A play on a slightly better economy. 66% energy, 33% specialty chemicals. The balance sheet is a little stretched. A name you can buy for risk-adjusted accounts. Not a blue chip.
HOLD
HOLD
April 12, 2018
This did meet his criteria. Continue to collect the dividends.
This did meet his criteria. Continue to collect the dividends.
COMMENT
COMMENT
October 3, 2017
This was a pure propane business, and then went into building products, pulp chemicals, and none of those worked out very well. The history of expanding its product line is not a great one. However, this has been a strong dividend payer for a long time. Doesn’t think it has tremendous growth potential and that their propane business is always going to be a kind of “on the margin” type of business. You own this for the dividend yield of 5.7%, not the growth.
This was a pure propane business, and then went into building products, pulp chemicals, and none of those worked out very well. The history of expanding its product line is not a great one. However, this has been a strong dividend payer for a long time. Doesn’t think it has tremendous growth potential and that their propane business is always going to be a kind of “on the margin” type of business. You own this for the dividend yield of 5.7%, not the growth.
COMMENT
COMMENT
September 28, 2017
This had a very big move today. They got approval to buy CanWest, which he sees as double digit accretive. The balance sheet is getting better. He models 15% EPS growth and 5% cash flow per share growth. A 61% payout ratio giving you a 6%+ dividend to wait. Another good name that is coming alive.
This had a very big move today. They got approval to buy CanWest, which he sees as double digit accretive. The balance sheet is getting better. He models 15% EPS growth and 5% cash flow per share growth. A 61% payout ratio giving you a 6%+ dividend to wait. Another good name that is coming alive.
BUY
BUY
September 7, 2017
The largest propane distributor in Canada. They sold their construction division. He likes this company and if it is a colder winter it will do even better. It is a well run company.
The largest propane distributor in Canada. They sold their construction division. He likes this company and if it is a colder winter it will do even better. It is a well run company.
