Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company looks pretty good today. The valuation is now down slightly although the fundamentals remain sound. A good buying opportunity. Cash balance has increased and it continues to grow its equity position.EPS is projected to grow quite nicely. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The latest earnings were solid with EPS beating estimates by 19% at 58 cents. Sales were $806M. They raised their dividend by 13% and sales also rose the same percentage point. The balance sheet is strong and growth forecasts remain strong. Not cheap at 27x earnings, but looks solid. Unlock Premium - Try 5i Free
TIH vs. CAT Instead of Caterpillar, he prefers Toromont, which has higher dividend growth and better price performance.
(A Top Pick Nov 01/19, Up 29%) A mystery since it has done well despite the pandemic. Distributor for Caterpillar equipment, constructions, power systems, etc. Home building is doing well and construction is doing well. Gold mining is also back in full swing. Their customers are having a good year. Scores well on all 3 metrics. A stable stock in the industrial sector.
He holds this one since 2015 and no intention to sell. They hold the rights to Caterpillar dealerships, now into Quebec and the Atlantic provinces. Most of their revenues come from mining, construction and farming. Fiscal stimulus could aid infrastructure, so construction could also do well. Mining should be okay for precious metals. The management team is focused on free cash flow and growing the dividend -- up 15% per year over the past 5 years. There is more downward price action in the market, so he would think about putting in buy orders about 15% below current levels.
Toromont Industries is a Canadian stock, trading under the symbol TIH-T on the Toronto Stock Exchange (TIH-CT). It is usually referred to as TSX:TIH or TIH-T
In the last year, 5 stock analysts published opinions about TIH-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toromont Industries.
Toromont Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Toromont Industries.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Toromont Industries In the last year. It is a trending stock that is worth watching.
On 2023-02-08, Toromont Industries (TIH-T) stock closed at a price of $105.73.