Transcontinental Inc. (A)

TCL.A-T

TSE:TCL.A

21.20
0.33 (1.58%)
Transcontinental Inc. is a Canadian newspaper publishing and marketing company based in Montreal, Quebec. The company is a major publisher of community newspapers in Quebec, and previously owned newspapers in Atlantic Canada and Saskatchewan.
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Analysis and Opinions about TCL.A-T

Signal
Opinion
Expert
COMMENT
COMMENT
January 2, 2018

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.

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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.

PAST TOP PICK
PAST TOP PICK
December 29, 2017

(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.

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(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.

BUY WEAKNESS
BUY WEAKNESS
December 14, 2017

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.

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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.

PAST TOP PICK
PAST TOP PICK
November 23, 2017

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

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

HOLD
HOLD
October 20, 2017

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.

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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.

TOP PICK
TOP PICK
October 20, 2017

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.)

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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.)

HOLD
HOLD
September 25, 2017

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.

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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.

PAST TOP PICK
PAST TOP PICK
September 7, 2017

(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.

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(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.

TOP PICK
TOP PICK
August 15, 2017

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.)

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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.)

WAIT
WAIT
July 11, 2017

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.

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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.

PAST TOP PICK
PAST TOP PICK
May 31, 2017

(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%.

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(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%.

PAST TOP PICK
PAST TOP PICK
April 27, 2017

(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.

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(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.

TOP PICK
TOP PICK
March 8, 2017

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.)

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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.)

TOP PICK
TOP PICK
February 1, 2017

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.)

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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.)

BUY
BUY
December 12, 2016

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.

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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.

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