Transcontinental Inc. (A) | StockChase
67
Transcontinental Inc. (A) (TCL.A-T)

Last Price Recorded: $28.7400 on 2018-05-19

ON STOCKCHASE SINCE Apr 2003

publishing/printing
67
Transcontinental Inc. (A) (TCL.A-T)

Last Price Recorded: $28.7400 on 2018-05-19

ON STOCKCHASE SINCE Apr 2003

publishing/printing

Transcontinental Inc. (A)


Signal Opinion Expert
BUY

They have done a great job of transitioning away from paper into packaging, which has been insulated from a transition to a digital world.  They made some good acquisitions.  It is trading at 11 times only because it was cheaper a year ago.

publishing/printing

They have done a great job of transitioning away from paper into packaging, which has been insulated from a transition to a digital world.  They made some good acquisitions.  It is trading at 11 times only because it was cheaper a year ago.

publishing/printing
Kash Pashootan

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

PricePrice
$28.640
Owned Owned
Unknown

WATCH

He once owned it. Printing, a major segment of theirs, is in secular decline, but they've seen good growth in packaging after making an acquisition. Trades at a low multiple. It's a stock worth looking at. Could be value here.

publishing/printing

He once owned it. Printing, a major segment of theirs, is in secular decline, but they've seen good growth in packaging after making an acquisition. Trades at a low multiple. It's a stock worth looking at. Could be value here.

publishing/printing
Mario Mainelli, CFA

Portfolio Manager, Caldwell Investment ...

PricePrice
$28.860
Owned Owned
No

DON'T BUY

He has a model price of $45.65 – 70% above current levels.  This never trades where the fundamental value of the company is.  It is near the upper range of historical value.  He would look elsewhere. 

publishing/printing

He has a model price of $45.65 – 70% above current levels.  This never trades where the fundamental value of the company is.  It is near the upper range of historical value.  He would look elsewhere. 

publishing/printing
Brian Acker, CA

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

PricePrice
$27.280
Owned Owned
No

TOP PICK

It has become more topical recently.  They are in commercial print and are a consolidator.  They are good at generating cash flow from what has been a declining business.  8 times PE.  They are using the cash flow wisely to acquire.  About 48% of their business is packaging.  Their equity issue was not completely sold, but has since it was issued.  (Analysts’ target: $30.20).

publishing/printing

It has become more topical recently.  They are in commercial print and are a consolidator.  They are good at generating cash flow from what has been a declining business.  8 times PE.  They are using the cash flow wisely to acquire.  About 48% of their business is packaging.  Their equity issue was not completely sold, but has since it was issued.  (Analysts’ target: $30.20).

publishing/printing
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$26.310
Owned Owned
Yes

WATCH

Extremely well managed. They are great allocators of capital. They are migrating the company out of printing and into packaging. They have to make some acquisitions. The multiples in packaging are expensive. It’s not clear whether they can grow it well. He suggests waiting until it’s clear how well they are doing with the packaging business before buying the stock.

publishing/printing

Extremely well managed. They are great allocators of capital. They are migrating the company out of printing and into packaging. They have to make some acquisitions. The multiples in packaging are expensive. It’s not clear whether they can grow it well. He suggests waiting until it’s clear how well they are doing with the packaging business before buying the stock.

publishing/printing
Stephen Takacsy, B. Eng, MBA

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

PricePrice
$25.140
Owned Owned
No

BUY

One of the best-managed Canadian companies over 15-20 years. Have downsized well. They know their business, and doesn't see anything stopping them. The stock is close to a new high.

publishing/printing

One of the best-managed Canadian companies over 15-20 years. Have downsized well. They know their business, and doesn't see anything stopping them. The stock is close to a new high.

publishing/printing
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$27.300
Owned Owned
Unknown

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

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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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