Transcontinental Inc. (A) | StockChase
55
Transcontinental Inc. (A) (TCL.A-T)

Last Price Recorded: $27.7200 on 2017-11-20

ON STOCKCHASE SINCE Apr 2003

publishing/printing

Transcontinental Inc. (A)


Signal Opinion Expert

2017-10-20

HOLD
Transcontinental Inc. (A) (TCL.A-T)

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 InvMngmnt

Price: $26.490
Owned: Unknown

2017-10-20

TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

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 Management

Price: $26.490
Owned: Yes

2017-09-25

HOLD
Transcontinental Inc. (A) (TCL.A-T)

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 Management

Price: $26.670
Owned: No

2017-09-07

PAST TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

(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

Price: $25.960
Owned: No

2017-08-15

TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

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 Advisory, Raymond James

Price: $24.920
Owned: Yes

2017-07-11

WAIT
Transcontinental Inc. (A) (TCL.A-T)

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.

Price: $25.860
Owned: Unknown

2017-05-31

PAST TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

(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

Price: $23.680
Owned: No

2017-04-27

PAST TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

(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 Management

Price: $24.070
Owned: Yes

2017-03-08

TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

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 Management

Price: $22.850
Owned: Yes

2017-02-01

TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

As a printing business, they have been discounted because of their exposure to packaging. They have always had a historical low multiple, compared to their peers. While print is in decline, this company has done a very good job of stabilizing their income. Dividend yield of 3.34%. (Analysts’ price target is $21.19.)

publishing/printing
Brendan Caldwell

President, Caldwell Securities

Price: $21.870
Owned: Yes

2016-12-12

BUY
Transcontinental Inc. (A) (TCL.A-T)

The more immediate opportunity with this company is the shift, where they have gone from printing to packaging. With everybody doing everything online, printing is less important. However, packaging is still important. On a valuation basis, the stock still looks good, and you do get paid a good yield.

publishing/printing
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $21.850
Owned: Yes

2016-12-08

PAST TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

(A Top Pick Nov 10/15. Up 6.36%.) Recently had a good quarter. His reason for choosing this is that it is a cheap company, because the main printing business cycle has declined. They have gradually transitioned themselves to flexible packaging and continue to manage the base business very well. He continues to like this.

publishing/printing
Jim Huang

President, T.I.P. Wealth Management

Price: $21.420
Owned: Yes

2016-12-08

TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

This continues to trade at single digit multiples. Great cash flow and good dividend. The printing business continues to decline, but they manage to slow it down very well. Meanwhile, they take the cash flow and reinvest it in the higher growth, flexible packaging business, for pharmaceuticals, food, etc. They are making a lot of progress, but it has been uneven, but has started to show in the last couple of quarters. If they can continue to do that, it could be a double from here. Dividend yield of 3.45%. (Analysts’ price target is $21.19.)

publishing/printing
Jim Huang

President, T.I.P. Wealth Management

Price: $21.420
Owned: Yes

2016-11-03

PAST TOP PICK
Transcontinental Inc. (A) (TCL.A-T)

(Top Pick Nov 25/15, Down 14.24%) It is a good lesson in cutting losses.  Don’t stick around and let your losers turn into disasters.  Cut your losses and let winners run.  He still has a small position just because it is so cheap.

publishing/printing
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $17.440
Owned: Yes

2016-10-18

COMMENT
Transcontinental Inc. (A) (TCL.A-T)

Likes this quite a bit, because it generates quite a bit of free cash flow. He is sharpening his pencil and starting to look at it quite closely. They have a traditional print business of magazines, which continues to be difficult. However, they have been investing in packaging, which is a good part of the market for them to be in. Thinks it is going to do okay and that there is upside from here. Valuation is excessively cheap. Management is eventually going to switch from a print to more of a packaging. You are okay in this name.

publishing/printing
Steve DiGregorio

Portfolio Manager, Canoe Financial

Price: $18.210
Owned: No

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1 Comment

hitch

June 10th 2016 at 7:22am

They failed today all the Top Picks Yada they be wrong


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