The question was on his preference between Toromont or TFI International. Although Toromnt is good he prefers TFI which has been a great stock and huge performer. It has great management which has deployed capital very well and made smart acquisitions. There is more upside.
Eastern Canada Caterpillar dealer.
Very strong company.
Used to own shares in company.
Valuation full at the moment.
Wait for shares to fall before buying.
There is not great growth in the industry of heavy equipment but it has good management making good acquisitions. It is less exposed to the commodity cycle than Finning. He likes it but doesn't own it.
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.
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, 4 stock analysts published opinions about TIH-T. 4 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.
4 stock analysts on Stockchase covered Toromont Industries In the last year. It is a trending stock that is worth watching.
On 2023-09-29, Toromont Industries (TIH-T) stock closed at a price of $110.62.