Transcontinental Inc. (A) | StockChase
61
Transcontinental Inc. (A) (TCL.A-T)

Last Price Recorded: $24.8600 on 2018-02-22

ON STOCKCHASE SINCE Apr 2003

publishing/printing
61
Transcontinental Inc. (A) (TCL.A-T)

Last Price Recorded: $24.8600 on 2018-02-22

ON STOCKCHASE SINCE Apr 2003

publishing/printing

Transcontinental Inc. (A)


Signal Opinion Expert
COMMENT

Given the value this is trading at, he doesn't view it as risky. You are not overpaying, and you are pricing in some of that transition risk which is there. It’s trading at around 9X PE with a yield of about 3.25%. A very good valuation and you are getting paid a healthy dividend. Historically, this has been a printing focused business, which is dying, but the company has done an exceptional job of transitioning to the food labelling and labelling as a whole. He is still buying for new clients.

publishing/printing

Given the value this is trading at, he doesn't view it as risky. You are not overpaying, and you are pricing in some of that transition risk which is there. It’s trading at around 9X PE with a yield of about 3.25%. A very good valuation and you are getting paid a healthy dividend. Historically, this has been a printing focused business, which is dying, but the company has done an exceptional job of transitioning to the food labelling and labelling as a whole. He is still buying for new clients.

publishing/printing
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$24.600
Owned Owned
Yes

DON'T BUY

They are the last printer standing.  The industry has fallen on hard times.  You don’t get as much paper in phone books, fliers and news papers any more.  It is a no growth business.  Yet this company has managed to persist as their competitors have gone away.  It does not mean, however, that they have a great future going for them.

publishing/printing

They are the last printer standing.  The industry has fallen on hard times.  You don’t get as much paper in phone books, fliers and news papers any more.  It is a no growth business.  Yet this company has managed to persist as their competitors have gone away.  It does not mean, however, that they have a great future going for them.

publishing/printing
David Baskin

President, Baskin Wealth Manage...

PricePrice
$24.550
Owned Owned
No

COMMENT

This looks good. The only thing that worries him is that the volume is a little slow. If there is some kind of earnings coming out or something not working out, it could take it down. There is very little volume and it is at all-time highs.

publishing/printing

This looks good. The only thing that worries him is that the volume is a little slow. If there is some kind of earnings coming out or something not working out, it could take it down. There is very little volume and it is at all-time highs.

publishing/printing
Elliott Fishman

Director of U.S. and international equity trading, Trading Services Gro...

PricePrice
$24.780
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Oct 20/17. Down 8%.) He still likes this. It’s in the printing business, printing flyers for different retailers. They also print the Globe and Mail and the Toronto Star. Investing in this thesis is called "last man standing". Everybody is gone and they have the lion's share of the market. They are also into online packaging. Currently the stock is at the bottom of an up channel, and the stock has been quite healthy. If the stock goes below $22, he will probably Sell.

publishing/printing

(A Top Pick Oct 20/17. Down 8%.) He still likes this. It’s in the printing business, printing flyers for different retailers. They also print the Globe and Mail and the Toronto Star. Investing in this thesis is called "last man standing". Everybody is gone and they have the lion's share of the market. They are also into online packaging. Currently the stock is at the bottom of an up channel, and the stock has been quite healthy. If the stock goes below $22, he will probably Sell.

publishing/printing
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$24.840
Owned Owned
Yes

BUY on WEAKNESS

The company is transforming itself from traditional printing like the Global and Mail, getting into socialized packaging.  He thinks it is a decent strategy.  The analyst community in the US does not know how to value this company.  He would add on any pull back.

publishing/printing

The company is transforming itself from traditional printing like the Global and Mail, getting into socialized packaging.  He thinks it is a decent strategy.  The analyst community in the US does not know how to value this company.  He would add on any pull back.

publishing/printing
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$26.090
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick March 8/17. Up 25%.) In the printing business, its “last man standing”. They have pretty good customers.

publishing/printing

(A Top Pick March 8/17. Up 25%.) In the printing business, its “last man standing”. They have pretty good customers.

publishing/printing
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$27.910
Owned Owned
Yes

HOLD

For income and growth? An odd one in the sense that it gives you paper, printing, advertising, flyers and everything else. They’ve done an excellent job at doing some dispositions, and acquiring digitally to diversify. Statistically cheap with a good dividend. It has now come to a level, unless they do something further on the acquisition side, where it is fairly fully valued. It would be a decent hold and relatively safe in a pullback, as it is not highly valued nor a big grower. He wouldn’t be wild about this.

publishing/printing

For income and growth? An odd one in the sense that it gives you paper, printing, advertising, flyers and everything else. They’ve done an excellent job at doing some dispositions, and acquiring digitally to diversify. Statistically cheap with a good dividend. It has now come to a level, unless they do something further on the acquisition side, where it is fairly fully valued. It would be a decent hold and relatively safe in a pullback, as it is not highly valued nor a big grower. He wouldn’t be wild about this.

publishing/printing
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$26.490
Owned Owned
Unknown

TOP PICK

He likes both the fundamental and technical aspects. Chart shows staircase like blocks, so the company is definitely doing well. This is in printing which seems like a bad space, but this is one that he calls “the last man standing”. It is trading at a big discount to the market. It does printing for the Globe and Mail, Toronto Star, San Francisco Chronicle, and flyers for Sobey’s, Metro, Shoppers Drug Mart, etc. Another interesting part is that about 15%, and growing, is their revenue which comes from packaging. Strong balance sheet and good management. Dividend yield of 3%. (Analysts’ price target is $26.75.)

publishing/printing

He likes both the fundamental and technical aspects. Chart shows staircase like blocks, so the company is definitely doing well. This is in printing which seems like a bad space, but this is one that he calls “the last man standing”. It is trading at a big discount to the market. It does printing for the Globe and Mail, Toronto Star, San Francisco Chronicle, and flyers for Sobey’s, Metro, Shoppers Drug Mart, etc. Another interesting part is that about 15%, and growing, is their revenue which comes from packaging. Strong balance sheet and good management. Dividend yield of 3%. (Analysts’ price target is $26.75.)

publishing/printing
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$26.490
Owned Owned
Yes

HOLD

He has never owned it but has followed it.  They are transitioning out of a tough sector.  They have done a great job in a tough space.  The stock has performed tremendously well.  It remains to be seen if they can become a force in packaging.  He would certainly hold onto it if he owned it.  He owns two others.

publishing/printing

He has never owned it but has followed it.  They are transitioning out of a tough sector.  They have done a great job in a tough space.  The stock has performed tremendously well.  It remains to be seen if they can become a force in packaging.  He would certainly hold onto it if he owned it.  He owns two others.

publishing/printing
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$26.670
Owned Owned
No

PAST TOP PICK

(Top Pick Aug 17/16, Up 39.14%)  They are the leader and can manage costs even though print is dying.  The weaker players are exiting.  He sold too early.  They are getting into packaging and are committed to growing their dividend as well as investing in the business.  They dealt with the decline of their legacy business very well.

publishing/printing

(Top Pick Aug 17/16, Up 39.14%)  They are the leader and can manage costs even though print is dying.  The weaker players are exiting.  He sold too early.  They are getting into packaging and are committed to growing their dividend as well as investing in the business.  They dealt with the decline of their legacy business very well.

publishing/printing
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$25.960
Owned Owned
No

TOP PICK

This checks all the boxes. It is cheap on a P/E, has a great yield, gets the Canadian tax credit on the yield, and have done a great job in transitioning from being a media company, to focusing on print and packaging. In the last few years, it has really focused on acquiring key acquisitions in printing and packaging. Dividend yield of 3.2%. (Analysts’ price target is $25.)

publishing/printing

This checks all the boxes. It is cheap on a P/E, has a great yield, gets the Canadian tax credit on the yield, and have done a great job in transitioning from being a media company, to focusing on print and packaging. In the last few years, it has really focused on acquiring key acquisitions in printing and packaging. Dividend yield of 3.2%. (Analysts’ price target is $25.)

publishing/printing
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$24.920
Owned Owned
Yes

WAIT

Looking back 9 years, this is at a high. Using earnings estimates, he has a model price of $42.67, a 65% upside. The stock usually comes back to $16.70 before it has another run.

publishing/printing

Looking back 9 years, this is at a high. Using earnings estimates, he has a model price of $42.67, a 65% upside. The stock usually comes back to $16.70 before it has another run.

publishing/printing
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$25.860
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick May 4/16. Up 35%.) Printing is a declining business, but this is the largest in Canada. They do outsourcing, flyers and some large newspapers. It reached his target, so he sold his holdings. He expects them to make more acquisitions in the packaging space. Dividend yield of 3.4%.

publishing/printing

(A Top Pick May 4/16. Up 35%.) Printing is a declining business, but this is the largest in Canada. They do outsourcing, flyers and some large newspapers. It reached his target, so he sold his holdings. He expects them to make more acquisitions in the packaging space. Dividend yield of 3.4%.

publishing/printing
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$23.680
Owned Owned
No

PAST TOP PICK

(Top Pick Jun 21’16, Up 39.78%) Everyone threw in the towel in that they couldn’t recover from being just a printer.  They reduced costs and footprint.  They are selling off activities in Eastern Canada and this is to go to better margin business.  3.3% yield.

publishing/printing

(Top Pick Jun 21’16, Up 39.78%) Everyone threw in the towel in that they couldn’t recover from being just a printer.  They reduced costs and footprint.  They are selling off activities in Eastern Canada and this is to go to better margin business.  3.3% yield.

publishing/printing
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$24.070
Owned Owned
Yes

TOP PICK

The market assigns a very low valuation to this, because the general view is that print is in secular decline. According to management, this company’s major line of business is printing flyers for retailers, which is 65% of their business. The rest of it is newspapers and outsourcing printing, and they are the last man standing. They are also in packaging, a much higher margin business, and it is not appreciated by the market. Very strong cash flow. Dividend yield of 3.51%. (Analysts’ price target is $22.65.)

publishing/printing

The market assigns a very low valuation to this, because the general view is that print is in secular decline. According to management, this company’s major line of business is printing flyers for retailers, which is 65% of their business. The rest of it is newspapers and outsourcing printing, and they are the last man standing. They are also in packaging, a much higher margin business, and it is not appreciated by the market. Very strong cash flow. Dividend yield of 3.51%. (Analysts’ price target is $22.65.)

publishing/printing
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$22.850
Owned Owned
Yes

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1 Comment

hitch

June 10th 2016 at 10:22am

They failed today all the Top Picks Yada they be wrong


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