Transalta Corp

TA-T

TSE:TA

8.59
0.00 (0.00%)
TransAlta Corporation is an electricity power generator and wholesale marketing company headquartered in Calgary, Alberta. It is a privately owned corporation and its shares are traded publicly.
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Analysis and Opinions about TA-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 7, 2015

The company has had so many issues. They just have not had a focus point. There are so many other companies that have done so much better on execution. They still have coal burning plants. They are not best in class. Prefers CPX-T and BLX-T.

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Transalta Corp (TA-T)
October 7, 2015

The company has had so many issues. They just have not had a focus point. There are so many other companies that have done so much better on execution. They still have coal burning plants. They are not best in class. Prefers CPX-T and BLX-T.

DON'T BUY
DON'T BUY
September 25, 2015

Switched his holdings into Transalta Renewables (RNW-T), which has done a little bit, but Transalta has done significantly worse. What was not seen was the election of the NDP. The NDP said that they would like to speed up the removal of coal fired plants. That is really the overhang on the stock. That needs some clarification before you consider going into this.

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Transalta Corp (TA-T)
September 25, 2015

Switched his holdings into Transalta Renewables (RNW-T), which has done a little bit, but Transalta has done significantly worse. What was not seen was the election of the NDP. The NDP said that they would like to speed up the removal of coal fired plants. That is really the overhang on the stock. That needs some clarification before you consider going into this.

WATCH
WATCH
September 18, 2015

On his Watch List. They are looking at possible legal problems which could hurt them. Also, the resource sector is hurting them. He is happy to stay away from this right now.

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Transalta Corp (TA-T)
September 18, 2015

On his Watch List. They are looking at possible legal problems which could hurt them. Also, the resource sector is hurting them. He is happy to stay away from this right now.

DON'T BUY
DON'T BUY
September 9, 2015

There is no growth and they cut their dividend in half earlier this year. She won’t comment on whether the dividend is safe now. They are having difficulty in growing cash flow. Don’t buy it for the yield. She prefers pipelines, REITs or Canadian bank stocks for yield.

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Transalta Corp (TA-T)
September 9, 2015

There is no growth and they cut their dividend in half earlier this year. She won’t comment on whether the dividend is safe now. They are having difficulty in growing cash flow. Don’t buy it for the yield. She prefers pipelines, REITs or Canadian bank stocks for yield.

HOLD
HOLD
September 8, 2015

(Has a small Short.) Scores very poorly for him on just about every metric. Negative ROE and the balance sheet is stretched. If you own, he is not sure he would Sell down here. Doesn’t think it is a company that is going bankrupt. They have options on the table.

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Transalta Corp (TA-T)
September 8, 2015

(Has a small Short.) Scores very poorly for him on just about every metric. Negative ROE and the balance sheet is stretched. If you own, he is not sure he would Sell down here. Doesn’t think it is a company that is going bankrupt. They have options on the table.

BUY WEAKNESS
BUY WEAKNESS
September 8, 2015

Owns about 75% of Transalta Renewables, which is a drop down vehicle for them, meaning that if they have renewable assets they have developed, they will sell them to Transalta Renewables and use the cash flow to either repay debt or reinvest. Stock is not acting very well and has sold off quite substantially. Most of this has to do with political uncertainty, i.e. the NDP government in Alberta, that could potentially accelerate the phase out of their coal fired facilities. Also, recently got booted out of the S&P/TSX 60 Index, so there is 6.5 million shares that are going to be sold. This will overhang the share price in the next 2-3 weeks. It could be a great buying opportunity, because they own 75% of Transalta Renewables. If this gets down to $4.50 or lower, he thinks it is a really good buying opportunity. Thinks you will get your chance because of the index exclusion. Thinks the dividend is fine.

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Transalta Corp (TA-T)
September 8, 2015

Owns about 75% of Transalta Renewables, which is a drop down vehicle for them, meaning that if they have renewable assets they have developed, they will sell them to Transalta Renewables and use the cash flow to either repay debt or reinvest. Stock is not acting very well and has sold off quite substantially. Most of this has to do with political uncertainty, i.e. the NDP government in Alberta, that could potentially accelerate the phase out of their coal fired facilities. Also, recently got booted out of the S&P/TSX 60 Index, so there is 6.5 million shares that are going to be sold. This will overhang the share price in the next 2-3 weeks. It could be a great buying opportunity, because they own 75% of Transalta Renewables. If this gets down to $4.50 or lower, he thinks it is a really good buying opportunity. Thinks you will get your chance because of the index exclusion. Thinks the dividend is fine.

DON'T BUY
DON'T BUY
September 4, 2015

This just broke to a new low a couple of days ago. It has yet to show signs of bottoming. It is currently underperforming the TSE Composite and is also trading below its 20 day moving average. Short-term momentum indicators are also trending down. Wait until you have some technical signs that the stock is actually reaching a low.

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Transalta Corp (TA-T)
September 4, 2015

This just broke to a new low a couple of days ago. It has yet to show signs of bottoming. It is currently underperforming the TSE Composite and is also trading below its 20 day moving average. Short-term momentum indicators are also trending down. Wait until you have some technical signs that the stock is actually reaching a low.

DON'T BUY
DON'T BUY
September 4, 2015

Owns a little, but has exited most of his holdings. He is not selling the rest now because it looks incredibly cheap and the dividend is quite nice. Not sure they can maintain the dividend. They managed to get themselves into trouble with the regulators in Alberta, by cutting power back at a time when they could replace it with more expensive power. This is going to survive, but he wouldn’t add to his holdings. If it went back to $10, he would probably Sell.

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Transalta Corp (TA-T)
September 4, 2015

Owns a little, but has exited most of his holdings. He is not selling the rest now because it looks incredibly cheap and the dividend is quite nice. Not sure they can maintain the dividend. They managed to get themselves into trouble with the regulators in Alberta, by cutting power back at a time when they could replace it with more expensive power. This is going to survive, but he wouldn’t add to his holdings. If it went back to $10, he would probably Sell.

DON'T BUY
DON'T BUY
September 1, 2015

Wouldn’t be looking at this one today, with corporate taxes going up in Alberta. There are so many uncertainties there. This company has had its problems in the last few years, and he is not sure that they have been entirely mitigated.

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Transalta Corp (TA-T)
September 1, 2015

Wouldn’t be looking at this one today, with corporate taxes going up in Alberta. There are so many uncertainties there. This company has had its problems in the last few years, and he is not sure that they have been entirely mitigated.

DON'T BUY
DON'T BUY
August 31, 2015

They are price takers and electricity demand in Alberta has been in decline over the last year and a half. They have a project in Australia that relies on new mines coming on line and there are questions if this was a good use of capital.

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Transalta Corp (TA-T)
August 31, 2015

They are price takers and electricity demand in Alberta has been in decline over the last year and a half. They have a project in Australia that relies on new mines coming on line and there are questions if this was a good use of capital.

HOLD
HOLD
August 26, 2015

Incredible that this is so low. The news hasn’t been that bad. They are focusing on renewable energy and dropping that down into Transalta Renewables to get cash back up into the parent company. Transitioning from the old energy/coal fired world into natural gas and have had a lot of maintenance problems. Power prices in Alberta have hit them hard. At these prices he would probably hold on. Don’t try to bottom fish.

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Transalta Corp (TA-T)
August 26, 2015

Incredible that this is so low. The news hasn’t been that bad. They are focusing on renewable energy and dropping that down into Transalta Renewables to get cash back up into the parent company. Transitioning from the old energy/coal fired world into natural gas and have had a lot of maintenance problems. Power prices in Alberta have hit them hard. At these prices he would probably hold on. Don’t try to bottom fish.

DON'T BUY
DON'T BUY
August 20, 2015

The balance sheet has been fading for years and years and now their earnings outlook has collapsed. You better cross your fingers. It held up against its book value for years and years. The market is now saying ‘forget it’ and the stock has plunged. His fair market value is still 14% below current price, but there is always the chance something will happen.

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Transalta Corp (TA-T)
August 20, 2015

The balance sheet has been fading for years and years and now their earnings outlook has collapsed. You better cross your fingers. It held up against its book value for years and years. The market is now saying ‘forget it’ and the stock has plunged. His fair market value is still 14% below current price, but there is always the chance something will happen.

DON'T BUY
DON'T BUY
August 13, 2015

In investing for dividends you are investing for total return. It looks like a good dividend, but the company may not be in a position to grow it and might cut it. This company does not participate in improvement in the economy. They are not in a position to grow their dividend. Avoid this group as a whole. Be careful about averaging down.

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Transalta Corp (TA-T)
August 13, 2015

In investing for dividends you are investing for total return. It looks like a good dividend, but the company may not be in a position to grow it and might cut it. This company does not participate in improvement in the economy. They are not in a position to grow their dividend. Avoid this group as a whole. Be careful about averaging down.

DON'T BUY
DON'T BUY
August 4, 2015

(His VP has this in his portfolio.) He would question if the 9% dividend was safe. Recently had some problems with the regulators, because as he understands it, they were taking certain things off line when prices were high. They could end up having multimillion dollar penalties for that. Thinks there could be tax loss selling before the end of the year. Longer-term they should probably do well, but the recent news makes it iffier for the short term.

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Transalta Corp (TA-T)
August 4, 2015

(His VP has this in his portfolio.) He would question if the 9% dividend was safe. Recently had some problems with the regulators, because as he understands it, they were taking certain things off line when prices were high. They could end up having multimillion dollar penalties for that. Thinks there could be tax loss selling before the end of the year. Longer-term they should probably do well, but the recent news makes it iffier for the short term.

COMMENT
COMMENT
July 31, 2015

Had a bit of a slap on the wrist because of a ruling on their pricing. As a contrarian investor, that is the kind of thing that you want to perk your ears up at. It’s a one-time event, and the market panics on one-time events. However, the issue hitting them extends a little beyond pricing issues. They have Alberta and Alberta power prices are about as low as they have been in a long, long time. They cut their dividend, which was probably the right thing to do.

Show full opinionHide full opinion
Transalta Corp (TA-T)
July 31, 2015

Had a bit of a slap on the wrist because of a ruling on their pricing. As a contrarian investor, that is the kind of thing that you want to perk your ears up at. It’s a one-time event, and the market panics on one-time events. However, the issue hitting them extends a little beyond pricing issues. They have Alberta and Alberta power prices are about as low as they have been in a long, long time. They cut their dividend, which was probably the right thing to do.

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