TFI International Inc

TFII-T

TSE:TFII

41.84
0.07 (0.17%)
TFI International Inc. is a Canadian transport and logistics company based in Montreal, Quebec. It operates across Canada through 4 business segments, and in the United States.
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Analysis and Opinions about TFII-T

Signal
Opinion
Expert
HOLD
HOLD
June 3, 2020
A great business for many years. He likes it and he kicks himself for not buying in late-March. He would want to see more detail before buying at these levels. A hold for him here.
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A great business for many years. He likes it and he kicks himself for not buying in late-March. He would want to see more detail before buying at these levels. A hold for him here.
BUY
BUY
May 4, 2020
It is a trucking, packaging courier and logistics company. Some lines of business are doing well. They recently did a financing and launched on the NYSE so should benefit from it. They know how to acquire distressed assets and turn them around. They will have bad Q2 results but he would be a buyer here for sure.
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It is a trucking, packaging courier and logistics company. Some lines of business are doing well. They recently did a financing and launched on the NYSE so should benefit from it. They know how to acquire distressed assets and turn them around. They will have bad Q2 results but he would be a buyer here for sure.
PAST TOP PICK
PAST TOP PICK
March 16, 2020
(A Top Pick Mar 18/19, Down 20%) It does quite well in his models. It is a candidate for purchase. we need to wait until the number of daily cases in the US for CoVid19 comes down.
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(A Top Pick Mar 18/19, Down 20%) It does quite well in his models. It is a candidate for purchase. we need to wait until the number of daily cases in the US for CoVid19 comes down.
TOP PICK
TOP PICK
February 3, 2020
They bought all the other publicly trading trucking companies. It is a low organic growth business but they did 80 acquisitions since 2008. It trades at a 40% discount to the large US trucking companies. (Analysts’ price target is $54.44)
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They bought all the other publicly trading trucking companies. It is a low organic growth business but they did 80 acquisitions since 2008. It trades at a 40% discount to the large US trucking companies. (Analysts’ price target is $54.44)
COMMENT
COMMENT
December 31, 2019
It needs to break firm resistance around $44-45 to reach $50, but it has fallen from $50 in the past. Hard to predict.
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It needs to break firm resistance around $44-45 to reach $50, but it has fallen from $50 in the past. Hard to predict.
DON'T BUY
DON'T BUY
December 16, 2019
Technology will increasingly disrupt them and is highly economically sensitive. Steer clear of it. Yes, it's a well-run company, but the valuation and this stage of the cycle turn him away. Bigger logistics commodity will give them an edge over TFII.
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Technology will increasingly disrupt them and is highly economically sensitive. Steer clear of it. Yes, it's a well-run company, but the valuation and this stage of the cycle turn him away. Bigger logistics commodity will give them an edge over TFII.
BUY WEAKNESS
BUY WEAKNESS
November 18, 2019
He is having a hard time with these companies. We are getting signs of stabilization in the economy. He would hope to buy it lower than it is today. Try to get it at $35. (Analysts’ price target is $53.00)
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He is having a hard time with these companies. We are getting signs of stabilization in the economy. He would hope to buy it lower than it is today. Try to get it at $35. (Analysts’ price target is $53.00)
BUY
BUY
November 14, 2019
Asset light, lots of free cash. Rerating in the future. What gave him pause a year ago was that volumes were as good as they'd ever been. Can still grow organically and through acquisition. Good long-term buy for free cash flow, dividend growth, and compelling valuation.
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Asset light, lots of free cash. Rerating in the future. What gave him pause a year ago was that volumes were as good as they'd ever been. Can still grow organically and through acquisition. Good long-term buy for free cash flow, dividend growth, and compelling valuation.
BUY
BUY
November 13, 2019
Boasts 20% ROE, far ahead of its peers. A very good company. A consolidator in a fragmented industry (trucking). Pays a growing 3.5% dividend yield. It's cyclical, but will do you well over the long term.
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Boasts 20% ROE, far ahead of its peers. A very good company. A consolidator in a fragmented industry (trucking). Pays a growing 3.5% dividend yield. It's cyclical, but will do you well over the long term.
BUY
BUY
November 7, 2019
Really well run. Operations in Canada and the US. They make astute acquisitions and increase the dividend consistently. He thinks there will be an uptick in the economy and they will acquire more business in the future
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Really well run. Operations in Canada and the US. They make astute acquisitions and increase the dividend consistently. He thinks there will be an uptick in the economy and they will acquire more business in the future
TOP PICK
TOP PICK
November 1, 2019
They just beat by 3%. A free cash flow story. Just raised dividends by 8% and buy backs. They completed 2 acquisitions recently. Cost cutting and buy back will be enough. It doesn't depend on a strong economy.
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They just beat by 3%. A free cash flow story. Just raised dividends by 8% and buy backs. They completed 2 acquisitions recently. Cost cutting and buy back will be enough. It doesn't depend on a strong economy.
BUY
BUY
October 8, 2019

There's disruption in trucking with a shortage of drivers and the Amazon Effect. Will there be self-driving trucks later? TFII is well-run and will be okay in the long-run, though. It has a good market share.

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There's disruption in trucking with a shortage of drivers and the Amazon Effect. Will there be self-driving trucks later? TFII is well-run and will be okay in the long-run, though. It has a good market share.

BUY
BUY
September 18, 2019
Since 2002, TFII-T has tended to trade between 2 and 3 times book. Right now it is back down to 2 times, so it is interesting. He would think it has good upside potential and it is trading at a 10 year low in terms of book value. He would go with it.
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Since 2002, TFII-T has tended to trade between 2 and 3 times book. Right now it is back down to 2 times, so it is interesting. He would think it has good upside potential and it is trading at a 10 year low in terms of book value. He would go with it.
DON'T BUY
DON'T BUY
September 17, 2019
A strong performer over the long term, but he's wary of it now. We're starting to see softness in the end markets; TFII is very economically sensitive and economic growth is slowing. Better to buy this when the economy is rebounding. As logistics grow more sophisticated, they have to invest more, and the bigger companies are better suited (can afford) for that investment.
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A strong performer over the long term, but he's wary of it now. We're starting to see softness in the end markets; TFII is very economically sensitive and economic growth is slowing. Better to buy this when the economy is rebounding. As logistics grow more sophisticated, they have to invest more, and the bigger companies are better suited (can afford) for that investment.
HOLD
HOLD
September 3, 2019
Has declined for 6 months. It's very good long-term, but has been under pressure the past year due to cost inflation in the trucking space (driver's wages). As long as the North American economy is decent, there are packages to ship by truck. Hold it for now or buy on pullbacks.
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Has declined for 6 months. It's very good long-term, but has been under pressure the past year due to cost inflation in the trucking space (driver's wages). As long as the North American economy is decent, there are packages to ship by truck. Hold it for now or buy on pullbacks.
DON'T BUY
DON'T BUY
August 13, 2019

He was watching this until mid-2018, when it started a downtrend to the present. A series of lower highs and lower lows since then. In contrast, CN's and CP's charts are a straight upward trend.

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He was watching this until mid-2018, when it started a downtrend to the present. A series of lower highs and lower lows since then. In contrast, CN's and CP's charts are a straight upward trend.

PAST TOP PICK
PAST TOP PICK
August 8, 2019

(A Top Pick Sep 13/18, Down 17%) The economic overhang is weighting on the company. It is similar to MG-T. Don’t worry about it long term. They buy back shares and make really good acquisitions. They just aren't getting any attention and will do fine in the future.

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(A Top Pick Sep 13/18, Down 17%) The economic overhang is weighting on the company. It is similar to MG-T. Don’t worry about it long term. They buy back shares and make really good acquisitions. They just aren't getting any attention and will do fine in the future.

PAST TOP PICK
PAST TOP PICK
July 30, 2019
(A Top Pick Aug 29/18, Down 11%) Posted good earnings recently. There hasn't been a slowdown in truck shipping (or in train shipping). Pricing power remains. TFII has consolidated parts of the industry, and so is a price-maker. Still likes it.
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(A Top Pick Aug 29/18, Down 11%) Posted good earnings recently. There hasn't been a slowdown in truck shipping (or in train shipping). Pricing power remains. TFII has consolidated parts of the industry, and so is a price-maker. Still likes it.
BUY
BUY
June 24, 2019
They keep beating expectations, so why hasn't this stock shot up? Because investors fear a recession and TFII will get hit when that happens. TFII makes smart acquisitions and he still believes in it.
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They keep beating expectations, so why hasn't this stock shot up? Because investors fear a recession and TFII will get hit when that happens. TFII makes smart acquisitions and he still believes in it.
HOLD
HOLD
June 19, 2019
It trades at low earnings multiple, which is typical for a cyclical trucking company. They consistently do share buybacks and dividend increases. It may go sideways for a short term, but he sees good US opportunities as long as the economy keeps chugging along.
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It trades at low earnings multiple, which is typical for a cyclical trucking company. They consistently do share buybacks and dividend increases. It may go sideways for a short term, but he sees good US opportunities as long as the economy keeps chugging along.
BUY
BUY
May 23, 2019
It has been a wonderful trucking company in Canada. Very well run company. The Canadian economy is under pressure. This company will see their way through a soft patch.
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It has been a wonderful trucking company in Canada. Very well run company. The Canadian economy is under pressure. This company will see their way through a soft patch.
PAST TOP PICK
PAST TOP PICK
May 17, 2019
(A Top Pick May 18/18, Down 19%) He still sees good opportunity going forward. He owns this personally as well. Yield 2.2%
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(A Top Pick May 18/18, Down 19%) He still sees good opportunity going forward. He owns this personally as well. Yield 2.2%
BUY
BUY
May 17, 2019
The economy in North America peaked last year and TFII is tied to it closely. They run a lean, mean operation with good cash flow. They've bought 70 companies over the years. Smart operators and acquirers. However, Amazon is a threat to the entire sector.
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The economy in North America peaked last year and TFII is tied to it closely. They run a lean, mean operation with good cash flow. They've bought 70 companies over the years. Smart operators and acquirers. However, Amazon is a threat to the entire sector.
BUY
BUY
April 1, 2019
With the strong 2018 economy, trucking had a record year. He expects a good bump in TFI this year. They're under great management. They're raising the dividend.
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With the strong 2018 economy, trucking had a record year. He expects a good bump in TFI this year. They're under great management. They're raising the dividend.
PAST TOP PICK
PAST TOP PICK
March 18, 2019
(A Top Pick May 18/18, Up 8%) It continues to rank well in his work. There is good opportunity in the shipping space in North America.
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(A Top Pick May 18/18, Up 8%) It continues to rank well in his work. There is good opportunity in the shipping space in North America.
TOP PICK
TOP PICK
March 18, 2019
Earnings up 38% YOY. They beat their Q4. The market dymanics are improving across North America. Restructuring helped their margins. Nice free cash flow and they can now make acquisitions. Sees 10% EPS growth. Trades at only 9.5x. (Analysts’ price target is $51.81)
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Earnings up 38% YOY. They beat their Q4. The market dymanics are improving across North America. Restructuring helped their margins. Nice free cash flow and they can now make acquisitions. Sees 10% EPS growth. Trades at only 9.5x. (Analysts’ price target is $51.81)
BUY
BUY
March 7, 2019

They have done a great job. The earnings have grown but the multiple has not skyrocketed. You are not paying a major premium to own it here. It had a meaningful correction and he thinks there is more upside to be had. There is no reason to hold back from buying or adding to the position. It does not fit his portfolio at this time.

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They have done a great job. The earnings have grown but the multiple has not skyrocketed. You are not paying a major premium to own it here. It had a meaningful correction and he thinks there is more upside to be had. There is no reason to hold back from buying or adding to the position. It does not fit his portfolio at this time.

BUY
BUY
February 20, 2019
One of the largest trucking companies in Canada. Is the Canadian economy going to continue to grow? It acquired a small company to add more clients. They are doing all the right things. With a truck driver shortage emerging, they are well positioned as they have their drivers already. He thinks it is buyable right now.
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One of the largest trucking companies in Canada. Is the Canadian economy going to continue to grow? It acquired a small company to add more clients. They are doing all the right things. With a truck driver shortage emerging, they are well positioned as they have their drivers already. He thinks it is buyable right now.
COMMENT
COMMENT
January 29, 2019
Be careful if it falls below $37. He'd like to see more volume which has been dropping.Upside is $42.
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Be careful if it falls below $37. He'd like to see more volume which has been dropping.Upside is $42.
HOLD
HOLD
January 24, 2019
Lots of swings on this one. Very typical now. Trying to return to the trend line. Very constructive. He gives it the benefit of the doubt.
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Lots of swings on this one. Very typical now. Trying to return to the trend line. Very constructive. He gives it the benefit of the doubt.
BUY
BUY
January 14, 2019
A logistics company. This is the time of year the transportation sector will do well. We saw it pull back with the rest of the market. We are still at the April level, support. This is positive as we are entering the seasonal period for this stock.
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A logistics company. This is the time of year the transportation sector will do well. We saw it pull back with the rest of the market. We are still at the April level, support. This is positive as we are entering the seasonal period for this stock.
BUY
BUY
January 7, 2019
It is a very well managed company with an aggressive management team that grows by acquisition of smaller trucking companies. It is economically sensitive so it sold off recently. We are moving more and more to packaged goods delivery. He thinks it is fine at these prices. (Analysts’ price target is $52.00)
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It is a very well managed company with an aggressive management team that grows by acquisition of smaller trucking companies. It is economically sensitive so it sold off recently. We are moving more and more to packaged goods delivery. He thinks it is fine at these prices. (Analysts’ price target is $52.00)
WEAK BUY
WEAK BUY
December 21, 2018
On the verge of breaking, but for a long-term investor, it has plenty of volatility. A toppy looking chart, but on a big long-term trend line. As long as it doesn't keep breaking down, it looks OK. (Analysts’ price target is $52.50)
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On the verge of breaking, but for a long-term investor, it has plenty of volatility. A toppy looking chart, but on a big long-term trend line. As long as it doesn't keep breaking down, it looks OK. (Analysts’ price target is $52.50)
PARTIAL BUY
PARTIAL BUY
December 13, 2018
He likes this name. You get a reasonable dividend. It had a great year. It makes him hit the pause button and be more patient before buying more. He would step in with a half position and be patient with the other half.
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He likes this name. You get a reasonable dividend. It had a great year. It makes him hit the pause button and be more patient before buying more. He would step in with a half position and be patient with the other half.
SHORT
SHORT
November 27, 2018
He liked it earlier this year, but now it's expensive. He's shorting it. Trucking is very cyclical and very sensitive to wage inflation. TFII's business is mostly in America. It's done better than its peers who suffer a truck driver shortage. A cyclical heading towards a recession is not good.
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He liked it earlier this year, but now it's expensive. He's shorting it. Trucking is very cyclical and very sensitive to wage inflation. TFII's business is mostly in America. It's done better than its peers who suffer a truck driver shortage. A cyclical heading towards a recession is not good.
BUY
BUY
November 27, 2018
Likes it very much. They're trucking at record highs now. Lowering gas prices help. An efficient, profitable company.
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Likes it very much. They're trucking at record highs now. Lowering gas prices help. An efficient, profitable company.
BUY
BUY
November 15, 2018
He likes what is going on. It is a low priced stock. He was not happy with the price they paid in an acquisition. They are sitting there with drivers and trucks when they are short of these in the industry. It is one to own if you think the economy is not going to completely roll over.
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He likes what is going on. It is a low priced stock. He was not happy with the price they paid in an acquisition. They are sitting there with drivers and trucks when they are short of these in the industry. It is one to own if you think the economy is not going to completely roll over.
WATCH
WATCH
November 5, 2018
It is looking pretty good right now but has run into a lot of problems. It is starting to turn over. He would be cautious with stocks like this with a slow turn over after a big increase. If market conditions get worse you will see profit taking. Don’t buy it until it gets above $49. Fundamentals look very strong, however.
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It is looking pretty good right now but has run into a lot of problems. It is starting to turn over. He would be cautious with stocks like this with a slow turn over after a big increase. If market conditions get worse you will see profit taking. Don’t buy it until it gets above $49. Fundamentals look very strong, however.
PAST TOP PICK
PAST TOP PICK
October 31, 2018
(A Top Pick Aug 29/17, Up 47%) They raised their dividend 14% and guidance. They're buying back stock. The North American economy is on fire and we'll have a monster Christmas season. TFII is an excellent compounder of capital. There's potential to list in the U.S. Maybe spin-off their trucking division. They will benefit from e-commerce. He loves it.
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(A Top Pick Aug 29/17, Up 47%) They raised their dividend 14% and guidance. They're buying back stock. The North American economy is on fire and we'll have a monster Christmas season. TFII is an excellent compounder of capital. There's potential to list in the U.S. Maybe spin-off their trucking division. They will benefit from e-commerce. He loves it.
PARTIAL SELL
PARTIAL SELL
October 16, 2018

Used to own it, but sold it because it had a good run. Took profits, but not out of any fundamental weakness. Hold or take partial profits.

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Used to own it, but sold it because it had a good run. Took profits, but not out of any fundamental weakness. Hold or take partial profits.