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.
More at Wikipedia

Analysis and Opinions about TFII-T

Signal
Opinion
Expert
BUY
BUY
August 2, 2016

A really smart operator in a really bad industry. Trucking is not a good business, but their ability to basically outsource the trucks and trailers from Saputo (SAP-T) about 20 years ago, turned it into the business that we see today. Management has done a phenomenal job by running a slightly better business than everybody else, in a terrible industry. Today it is about an 11% free cash flow yield on 2017, with M&A potential. Good management.

Show full opinionHide full opinion

A really smart operator in a really bad industry. Trucking is not a good business, but their ability to basically outsource the trucks and trailers from Saputo (SAP-T) about 20 years ago, turned it into the business that we see today. Management has done a phenomenal job by running a slightly better business than everybody else, in a terrible industry. Today it is about an 11% free cash flow yield on 2017, with M&A potential. Good management.

PAST TOP PICK
PAST TOP PICK
July 18, 2016

(A Top Pick Aug 14/15. Up 2.95%.) Sold this to move into CNR (CNR-T). He continues to like the company. They are doing a good job in their acquisition and consolidation strategy, and pay a decent yield. Still a Hold.

Show full opinionHide full opinion

(A Top Pick Aug 14/15. Up 2.95%.) Sold this to move into CNR (CNR-T). He continues to like the company. They are doing a good job in their acquisition and consolidation strategy, and pay a decent yield. Still a Hold.

PAST TOP PICK
PAST TOP PICK
July 7, 2016

(A Top Pick July 2/15. Down 5.23%.) A consolidator in a very fragmented industry. Trucking rates have been weak, which has held them back. He still thinks there are legs on this story. Dividend yield of 2.9%.

Show full opinionHide full opinion

(A Top Pick July 2/15. Down 5.23%.) A consolidator in a very fragmented industry. Trucking rates have been weak, which has held them back. He still thinks there are legs on this story. Dividend yield of 2.9%.

COMMENT
COMMENT
June 1, 2016

There have been multiple spikes in volume, and every time there is a spike, there is a drop. It is acting well and looks great, but is very, very toppy in the high $20s. Has good support at $22. Looks like it is going to be very range bound for quite some time, barring news of some sort.

Show full opinionHide full opinion

There have been multiple spikes in volume, and every time there is a spike, there is a drop. It is acting well and looks great, but is very, very toppy in the high $20s. Has good support at $22. Looks like it is going to be very range bound for quite some time, barring news of some sort.

DON'T BUY
DON'T BUY
May 9, 2016

LTL trucking. We are seeing a head and shoulders pattern with overhead supply. Investors buying over $24 are looking to sell.

Show full opinionHide full opinion

LTL trucking. We are seeing a head and shoulders pattern with overhead supply. Investors buying over $24 are looking to sell.

TOP PICK
TOP PICK
April 5, 2016

A free cash flow machine. The trucking Index in the US is at a 52 week high, and this company hasn’t followed, because they had put a Dutch auction to buy back $200 million of stock up to $22. It capped a little, and you are now seeing it drift over $22. Of the $200 million, only $60 million was tendered, which means a) the company’s $22 was a very opportunistic price and b) shareholders thought it was a very low price, so he feels it is probably worth more than $22. At the same time, they are investing quite a bit in "last mile", developing a relationship with Amazon (AMZN-Q), which is taking over the retail world. Has one of the best COs in Canada. Dividend yield of 3.08%.

Show full opinionHide full opinion

A free cash flow machine. The trucking Index in the US is at a 52 week high, and this company hasn’t followed, because they had put a Dutch auction to buy back $200 million of stock up to $22. It capped a little, and you are now seeing it drift over $22. Of the $200 million, only $60 million was tendered, which means a) the company’s $22 was a very opportunistic price and b) shareholders thought it was a very low price, so he feels it is probably worth more than $22. At the same time, they are investing quite a bit in "last mile", developing a relationship with Amazon (AMZN-Q), which is taking over the retail world. Has one of the best COs in Canada. Dividend yield of 3.08%.

COMMENT
COMMENT
March 28, 2016

Trucking, courier and hauling large equipment in the oil country, which has not been a good part of their business. Did an exciting deal by selling their waste management business. They now have a big cash collection where they are planning to do a Dutch Auction for some of the shares, which they will use to reduce debt. Trucking has been tough in Canada, but he is seeing data of improving truck tonnage in the US, where they have a lot of exposure. Also, has big exposure to Google (GOOG-Q) and Amazon (AMZN-Q), and is involved in same day shipping with a lot of online retailers. An interesting way to play on-line growth over time. Pays a nice dividend. Trading at around 10-11 times earnings, and it is undervalued.

Show full opinionHide full opinion

Trucking, courier and hauling large equipment in the oil country, which has not been a good part of their business. Did an exciting deal by selling their waste management business. They now have a big cash collection where they are planning to do a Dutch Auction for some of the shares, which they will use to reduce debt. Trucking has been tough in Canada, but he is seeing data of improving truck tonnage in the US, where they have a lot of exposure. Also, has big exposure to Google (GOOG-Q) and Amazon (AMZN-Q), and is involved in same day shipping with a lot of online retailers. An interesting way to play on-line growth over time. Pays a nice dividend. Trading at around 10-11 times earnings, and it is undervalued.

BUY
BUY
March 21, 2016

The selling of their garbage assets out East made perfect sense, so it is now just a pure play on trucking. Doesn’t think the market is punishing them because of the sale of their asset. Trucking stocks have all come down, because of the fear that the US and Canadian economies are rolling over into a recession, especially here in Canada. People believe that volumes are coming down and that there is excess capacity in the US. Since half of their revenues come from that, there are fears that rates will start to come down. There have been talks about pressures over the last while. This is probably a good bet right now at this lower valuation.

Show full opinionHide full opinion

The selling of their garbage assets out East made perfect sense, so it is now just a pure play on trucking. Doesn’t think the market is punishing them because of the sale of their asset. Trucking stocks have all come down, because of the fear that the US and Canadian economies are rolling over into a recession, especially here in Canada. People believe that volumes are coming down and that there is excess capacity in the US. Since half of their revenues come from that, there are fears that rates will start to come down. There have been talks about pressures over the last while. This is probably a good bet right now at this lower valuation.

COMMENT
COMMENT
February 2, 2016

Theoretically lower fuel prices are supposed to help these companies. The chart is showing a breakdown with lower highs and lower lows since early 2015. There is some hope as some of the lows seem to be holding. Pay a lot of attention to the last peak of around $25-$26, which might be a point of target if the market rallies the way he thinks it might over the next 2-3 weeks.

Show full opinionHide full opinion

Theoretically lower fuel prices are supposed to help these companies. The chart is showing a breakdown with lower highs and lower lows since early 2015. There is some hope as some of the lows seem to be holding. Pay a lot of attention to the last peak of around $25-$26, which might be a point of target if the market rallies the way he thinks it might over the next 2-3 weeks.

HOLD
HOLD
January 21, 2016

Very little organic growth on this, and not cheap relative to its peers. He still models pretty good dividend growth. Leverage is a little high right now, so they are probably not making acquisitions. Spun out their waste business, which brings their debt levels down to a more reasonable place. Not cheap relative to its peers.

Show full opinionHide full opinion

Very little organic growth on this, and not cheap relative to its peers. He still models pretty good dividend growth. Leverage is a little high right now, so they are probably not making acquisitions. Spun out their waste business, which brings their debt levels down to a more reasonable place. Not cheap relative to its peers.

PAST TOP PICK
PAST TOP PICK
January 5, 2016

(Top Pick Feb 4/2015, Down 17.59%) He still likes the story. They have firmed up margins. We need a little more growth in the economy.

Show full opinionHide full opinion

(Top Pick Feb 4/2015, Down 17.59%) He still likes the story. They have firmed up margins. We need a little more growth in the economy.

COMMENT
COMMENT
November 18, 2015

He is a believer in this company. They have done very well in consolidating the “less than truckload” cartridge industry in Canada. Stock took a bit of a hit in the 3rd quarter like everybody else, but is now coming back a little. Low fuel prices are to their advantage. Thinks there are more acquisitions out there for them.

Show full opinionHide full opinion

He is a believer in this company. They have done very well in consolidating the “less than truckload” cartridge industry in Canada. Stock took a bit of a hit in the 3rd quarter like everybody else, but is now coming back a little. Low fuel prices are to their advantage. Thinks there are more acquisitions out there for them.

BUY
BUY
October 29, 2015

They sold their waste management division so they could focus on their trucking business which is where they make the bulk of their money. The fact that they sold a distraction and freed up cash makes sense to him as a shareholder. He continues to buy for new clients. 35% revenue in the US and 65% in Canada. It has not done much this year, but he felt the valuation was reasonable. Right now he feels people are just taking profits.

Show full opinionHide full opinion

They sold their waste management division so they could focus on their trucking business which is where they make the bulk of their money. The fact that they sold a distraction and freed up cash makes sense to him as a shareholder. He continues to buy for new clients. 35% revenue in the US and 65% in Canada. It has not done much this year, but he felt the valuation was reasonable. Right now he feels people are just taking profits.

WAIT
WAIT
September 14, 2015

A very well run company and it generates lots of free cash flow. Last year they used half their cash flow to buy back stock. It looks attractive. In ’08 when the economy slowed down they got hit hard, so he worries what will happen in this slowdown. Wait until we know we are not in a recession.

Show full opinionHide full opinion

A very well run company and it generates lots of free cash flow. Last year they used half their cash flow to buy back stock. It looks attractive. In ’08 when the economy slowed down they got hit hard, so he worries what will happen in this slowdown. Wait until we know we are not in a recession.

BUY
BUY
September 8, 2015

Likes this company, primarily on valuation. ROE is at around 15%. PE of about 16. Beat their last quarter by about 27%. Yield of 2.9%.

Show full opinionHide full opinion

Likes this company, primarily on valuation. ROE is at around 15%. PE of about 16. Beat their last quarter by about 27%. Yield of 2.9%.

Showing 61 to 75 of 157 entries