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.
More at Wikipedia

Analysis and Opinions about TCL.A-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 1, 2016

(A Top Pick May 14/15. Up 8.99%.) Basically prints newspapers and magazines, a dying business in many people’s minds. A declining business, but this is one of the best players that remains in the business because they have scale of operations and have better pricing. Have put some of their cash into a higher growth business of flexible packaging. Made a couple of acquisitions and thinks they will do more of that. Pays a very good dividend of 3.5%. Not an expensive stock.

Show full opinionHide full opinion

(A Top Pick May 14/15. Up 8.99%.) Basically prints newspapers and magazines, a dying business in many people’s minds. A declining business, but this is one of the best players that remains in the business because they have scale of operations and have better pricing. Have put some of their cash into a higher growth business of flexible packaging. Made a couple of acquisitions and thinks they will do more of that. Pays a very good dividend of 3.5%. Not an expensive stock.

TOP PICK
TOP PICK
November 25, 2015

Wants stocks that will benefit from a cyclical recovery, which he is expecting, but without breaking the bank while you wait. You can still make a lot of money in a poor industry, and this is an example of that. 4th largest printer in North America. They score absolutely Tops on valuation. Very strong ROE. Good price to free cash flow. Trades at about 5X EBITDA. Their strong balance sheet and cash flow generation has let them diversify into packaging. Dividend yield of 3.16%.

Show full opinionHide full opinion

Wants stocks that will benefit from a cyclical recovery, which he is expecting, but without breaking the bank while you wait. You can still make a lot of money in a poor industry, and this is an example of that. 4th largest printer in North America. They score absolutely Tops on valuation. Very strong ROE. Good price to free cash flow. Trades at about 5X EBITDA. Their strong balance sheet and cash flow generation has let them diversify into packaging. Dividend yield of 3.16%.

TOP PICK
TOP PICK
November 10, 2015

They are a declining business (print media). It has been trading at very low multiples. Management has done a really good job of controlling costs. They have taken their free cash flow and got into a bigger growth business – label printing, like CCL.B-T. The company is changing from something dying into a high growth business. He thinks they will continue to tuck in acquisitions.

Show full opinionHide full opinion

They are a declining business (print media). It has been trading at very low multiples. Management has done a really good job of controlling costs. They have taken their free cash flow and got into a bigger growth business – label printing, like CCL.B-T. The company is changing from something dying into a high growth business. He thinks they will continue to tuck in acquisitions.

BUY WEAKNESS
BUY WEAKNESS
September 11, 2015

Reported very good earnings yesterday. This has been a volatile stock. There are 2 camps that have formed in the stock. One is a Yellow Pages business that is very challenged going forward, and the other is more of a Davidson Henderson style, a business that has more growth in it. This is in the Print business, which has been declining, but has been a very, very high margin business. It will have the printing business that supports them going forward, but as they transition into a packaging business, about 10% of their business, that is what they will grow in. It is one to own, but wait for a bit of a pullback.

Show full opinionHide full opinion

Reported very good earnings yesterday. This has been a volatile stock. There are 2 camps that have formed in the stock. One is a Yellow Pages business that is very challenged going forward, and the other is more of a Davidson Henderson style, a business that has more growth in it. This is in the Print business, which has been declining, but has been a very, very high margin business. It will have the printing business that supports them going forward, but as they transition into a packaging business, about 10% of their business, that is what they will grow in. It is one to own, but wait for a bit of a pullback.

COMMENT
COMMENT
August 4, 2015

A printing company in what you would call a classic value stock. Valuation is very cheap, and the dividend is attractive. They generate a huge amount of cash flow, but no one really cares because it is a printing company in a digital world. However, they have done a pretty good job of adapting to the new world. Cash flow is continuing to come in and the dividend is pretty safe. Even though the stock has done quite well in the past several years, you may get into a value trap where you just get the dividend and no one really cares. As a value stock, it is solid. He would rather pay more for a growing company.

Show full opinionHide full opinion

A printing company in what you would call a classic value stock. Valuation is very cheap, and the dividend is attractive. They generate a huge amount of cash flow, but no one really cares because it is a printing company in a digital world. However, they have done a pretty good job of adapting to the new world. Cash flow is continuing to come in and the dividend is pretty safe. Even though the stock has done quite well in the past several years, you may get into a value trap where you just get the dividend and no one really cares. As a value stock, it is solid. He would rather pay more for a growing company.

TOP PICK
TOP PICK
July 28, 2015

In the traditional printing space, which is shrinking. Advertising is soft and they have been in the cost-cutting mode, which has been offsetting that to some extent. They have reinvested into label printing, which is a growth area for them. Dividend yield of 4.77%.

Show full opinionHide full opinion

In the traditional printing space, which is shrinking. Advertising is soft and they have been in the cost-cutting mode, which has been offsetting that to some extent. They have reinvested into label printing, which is a growth area for them. Dividend yield of 4.77%.

TOP PICK
TOP PICK
May 14, 2015

Trading at low, low single digit multiples. This is because they are in publishing as well as printing, which has been a declining business because the Internet has started taking away a lot of that distribution. Have done a good job of consolidating the sector and cutting costs, and are getting more and more efficient. Doing some acquisitions. Still too small to impact the whole company, but they have more than enough firepower to do more acquisitions and continue to grow. Yield of 3.7% is sustainable.

Show full opinionHide full opinion

Trading at low, low single digit multiples. This is because they are in publishing as well as printing, which has been a declining business because the Internet has started taking away a lot of that distribution. Have done a good job of consolidating the sector and cutting costs, and are getting more and more efficient. Doing some acquisitions. Still too small to impact the whole company, but they have more than enough firepower to do more acquisitions and continue to grow. Yield of 3.7% is sustainable.

PARTIAL BUY
PARTIAL BUY
April 16, 2015

Essentially in the printing space, and about 30% of their revenue comes in the media side. Print has been under pressure with the digital age. What they have done to save their stock price is to move towards the food packaging space. The bad news is that the acquisition is only 3% of revenues in the packaging space. The good news is that it is a 10 year contract. 3.75% dividend yield.

Show full opinionHide full opinion

Essentially in the printing space, and about 30% of their revenue comes in the media side. Print has been under pressure with the digital age. What they have done to save their stock price is to move towards the food packaging space. The bad news is that the acquisition is only 3% of revenues in the packaging space. The good news is that it is a 10 year contract. 3.75% dividend yield.

PAST TOP PICK
PAST TOP PICK
February 3, 2014

(A Top Pick Dec 21/12. Up 45.65%.) He is probably going to get out of this one very soon.

Show full opinionHide full opinion

(A Top Pick Dec 21/12. Up 45.65%.) He is probably going to get out of this one very soon.

WEAK BUY
WEAK BUY
January 21, 2013

Yield about 5%. Some good cost cutting measures. Their balance sheet is not too leveraged. They can handle it. He is not in love with the sector because of the headwinds, but the distribution is sustainable. Thinks it will go a little higher.

Show full opinionHide full opinion

Yield about 5%. Some good cost cutting measures. Their balance sheet is not too leveraged. They can handle it. He is not in love with the sector because of the headwinds, but the distribution is sustainable. Thinks it will go a little higher.

TOP PICK
TOP PICK
December 21, 2012

Fundamentals are great and you see a nice bottom formation. It’s a reversal. Predictable growth type of stock. No surprises either way. 5% yield.

Show full opinionHide full opinion

Fundamentals are great and you see a nice bottom formation. It’s a reversal. Predictable growth type of stock. No surprises either way. 5% yield.

HOLD
HOLD
May 24, 2012
This is a brutal business. Advertising in North America is basically going down. A well-managed company with a decent yield and he thinks that dividend is safe.
Show full opinionHide full opinion
This is a brutal business. Advertising in North America is basically going down. A well-managed company with a decent yield and he thinks that dividend is safe.
DON'T BUY
DON'T BUY
January 8, 2010
Low dividend and it hasn't grown substantially over the last couple of years. Business is a tough one.
Show full opinionHide full opinion
Low dividend and it hasn't grown substantially over the last couple of years. Business is a tough one.
DON'T BUY
DON'T BUY
June 18, 2009
Produce a lot of flyers/weekly shopper news. Depends on what you think of the ink on paper business and a lot of people don't like it very much. Craig’s List, etc. on the Internet are cannibalizing a lot of their business.
Show full opinionHide full opinion
Produce a lot of flyers/weekly shopper news. Depends on what you think of the ink on paper business and a lot of people don't like it very much. Craig’s List, etc. on the Internet are cannibalizing a lot of their business.
DON'T BUY
DON'T BUY
October 16, 2006
Over 50% of their business is in the US and is concentrated in a few customers. Still sees margin pressures in the business. There was too much capacity which pushed prices down. Not a growth area.
Show full opinionHide full opinion
Over 50% of their business is in the US and is concentrated in a few customers. Still sees margin pressures in the business. There was too much capacity which pushed prices down. Not a growth area.
Showing 61 to 75 of 89 entries