Toromont Industries

TIH-T

Analysis and Opinions about TIH-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
November 1, 2019

A heavy equipment dealer. He is looking for a cyclical recovery next year. They are a distributor for Caterpillar and other heavy equipment. Really good operators. Yield 1.58% (Analysts’ price target is $69.50)

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A heavy equipment dealer. He is looking for a cyclical recovery next year. They are a distributor for Caterpillar and other heavy equipment. Really good operators. Yield 1.58% (Analysts’ price target is $69.50)

WAIT
WAIT
October 28, 2019
There was a disappointing outlook reported by CAT last week but the market pushed it higher at the end of the day. The negativity was already priced in. TIH-T is the Canadian subsidiary. You want to see it get better before putting more money to work here.
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There was a disappointing outlook reported by CAT last week but the market pushed it higher at the end of the day. The negativity was already priced in. TIH-T is the Canadian subsidiary. You want to see it get better before putting more money to work here.
BUY
BUY
April 9, 2019
vs. FTT-T FTT is trying to find a floor. Compare this to peer, Toromont, which is like day and night. Toromont has broken to new highs.
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vs. FTT-T FTT is trying to find a floor. Compare this to peer, Toromont, which is like day and night. Toromont has broken to new highs.
PAST TOP PICK
PAST TOP PICK
November 2, 2018

(A Top Pick Oct 04/17, Up 8%) They they do well during these times when the economy is strong and there's infrastructure building. They surprised last quarter with a dividend increase of 21%.

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(A Top Pick Oct 04/17, Up 8%) They they do well during these times when the economy is strong and there's infrastructure building. They surprised last quarter with a dividend increase of 21%.

BUY
BUY
September 25, 2018

This is one of the biggest Caterpillar distributors in the world. Its market is mainly in Ontario. It trades the same way as Caterpillar. It does well as long as there is good activity in construction and mining, and is doing well now. He has no problem with owning it now, but cautions that it is a cyclical stock. When the market turns, it will fare worse than defensive stocks. But it is a good stock to own now.

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Toromont Industries (TIH-T)
September 25, 2018

This is one of the biggest Caterpillar distributors in the world. Its market is mainly in Ontario. It trades the same way as Caterpillar. It does well as long as there is good activity in construction and mining, and is doing well now. He has no problem with owning it now, but cautions that it is a cyclical stock. When the market turns, it will fare worse than defensive stocks. But it is a good stock to own now.

BUY
BUY
September 17, 2018

It is a long for him and a larger holding for him. It has good price momentum and good valuation. They beat on the recent quarter. It has an okay yield with a lot of room to move it.

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Toromont Industries (TIH-T)
September 17, 2018

It is a long for him and a larger holding for him. It has good price momentum and good valuation. They beat on the recent quarter. It has an okay yield with a lot of room to move it.

DON'T BUY
DON'T BUY
August 30, 2018

Model price is $92.83, a 21% upside. If we ever get that correction, he would love to buy it at $56 and hold for 3 - 6 years.

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Model price is $92.83, a 21% upside. If we ever get that correction, he would love to buy it at $56 and hold for 3 - 6 years.

TOP PICK
TOP PICK
March 28, 2018

They make refrigeration for ice rinks and warehouses across North America. Acquired Atlantic and Quebec Caterpillar dealerships which boosts their pricing power. He will own this for a long time. (Analysts' price target $63.29)

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They make refrigeration for ice rinks and warehouses across North America. Acquired Atlantic and Quebec Caterpillar dealerships which boosts their pricing power. He will own this for a long time. (Analysts' price target $63.29)

TOP PICK
TOP PICK
October 4, 2017

This started as a refrigeration company, and now provide all the compression equipment in hockey rinks in North America. The Caterpillar dealership came along in Manitoba and Ontario with a little bit in Québec, and they just made a small acquisition in Atlantic Canada. This is what they really needed to get organic growth going, because if they can cut their costs, then they have higher margins moving forward. Recommends half positions for the Top Picks, which is what he does for new clients. Dividend yield of 1.3%. (Analysts’ price target is $58.25.)

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This started as a refrigeration company, and now provide all the compression equipment in hockey rinks in North America. The Caterpillar dealership came along in Manitoba and Ontario with a little bit in Québec, and they just made a small acquisition in Atlantic Canada. This is what they really needed to get organic growth going, because if they can cut their costs, then they have higher margins moving forward. Recommends half positions for the Top Picks, which is what he does for new clients. Dividend yield of 1.3%. (Analysts’ price target is $58.25.)

BUY
BUY
November 14, 2016

(Market Call Minute.) Has owned this for a long time. A big infrastructure play that is in much better shape than some of the other construction companies.

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Toromont Industries (TIH-T)
November 14, 2016

(Market Call Minute.) Has owned this for a long time. A big infrastructure play that is in much better shape than some of the other construction companies.

DON'T BUY
DON'T BUY
October 21, 2016

This has been on a tear. An equipment maker that has done really well because it is focused on Manitoba and Ontario, very good places to be. He sees 8% earnings growth over the next couple of years. They have virtually no debt. It benefits from a soft Cdn$. They do a really good job of managing their costs. Everything is right for the stock, except its valuation which is trading at around 20X versus its 15.5X five-year average.

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This has been on a tear. An equipment maker that has done really well because it is focused on Manitoba and Ontario, very good places to be. He sees 8% earnings growth over the next couple of years. They have virtually no debt. It benefits from a soft Cdn$. They do a really good job of managing their costs. Everything is right for the stock, except its valuation which is trading at around 20X versus its 15.5X five-year average.

COMMENT
COMMENT
October 20, 2016

Doesn’t know a lot about this one, but they are in a universe he follows. Their cash ROE is 28%. He is looking for companies that have in excess of 20%, and have been able to do it 3 years running, so this meets his criteria. Their cash over PE ratio is about 2.5, a little richer than what he likes. He likes this.

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Doesn’t know a lot about this one, but they are in a universe he follows. Their cash ROE is 28%. He is looking for companies that have in excess of 20%, and have been able to do it 3 years running, so this meets his criteria. Their cash over PE ratio is about 2.5, a little richer than what he likes. He likes this.

COMMENT
COMMENT
September 15, 2016

It is a well run company. They are the local CAT dealer. He is short CAT-N, but would not want to be short TIH-T. It is one of the strong points in the CAT sales network.

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Toromont Industries (TIH-T)
September 15, 2016

It is a well run company. They are the local CAT dealer. He is short CAT-N, but would not want to be short TIH-T. It is one of the strong points in the CAT sales network.

COMMENT
COMMENT
March 10, 2015

Heavy equipment. The stock has done quite well. He is a little bit cautious on heavy equipment in general. He is focusing more on consumer, healthcare and technology.

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Heavy equipment. The stock has done quite well. He is a little bit cautious on heavy equipment in general. He is focusing more on consumer, healthcare and technology.

TOP PICK
TOP PICK
December 9, 2014

*Short.* The only Caterpillar dealer in Ontario as well as having a small business in arenas. Have benefited for years from an increasing mining sector, and in Ontario it is primarily gold related, and gold miners are not doing that well. Also trading at a pretty hefty premium to the competition. A strengthening US$ means that new equipment coming into the market is going to get re-priced at an expensive US$, and then a lot of used equipment will start competing. Yield of 2.17%.

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*Short.* The only Caterpillar dealer in Ontario as well as having a small business in arenas. Have benefited for years from an increasing mining sector, and in Ontario it is primarily gold related, and gold miners are not doing that well. Also trading at a pretty hefty premium to the competition. A strengthening US$ means that new equipment coming into the market is going to get re-priced at an expensive US$, and then a lot of used equipment will start competing. Yield of 2.17%.

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