Westshore Terminals Inc.

WTE-T

TSE:WTE

18.98
0.20 (1.04%)
Westshore Terminals is Canada's premier, most technologically-advanced coal export terminal, located in the Metro Vancouver area. With an export capacity of 33 million tones per year, Westshore Terminals handles around 250 ships per year.
More at Wikipedia

Analysis and Opinions about WTE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 19, 2019
It broke massive support around $21 and has fallen. Since 2016, it has a definite pattern of huge swings up and down, but it didn't rise up in the last three months, which is not good. He's bearish.
It broke massive support around $21 and has fallen. Since 2016, it has a definite pattern of huge swings up and down, but it didn't rise up in the last three months, which is not good. He's bearish.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$18.350
Owned
Unknown
DON'T BUY
DON'T BUY
January 28, 2019
They have prime real estate for the terminal. It is a one-commodity play – metallurgical coal. It has been a good buy on dips, but he thinks there are better opportunities out there.
They have prime real estate for the terminal. It is a one-commodity play – metallurgical coal. It has been a good buy on dips, but he thinks there are better opportunities out there.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$21.870
Owned
No
BUY
BUY
November 28, 2018
Likes it. A unique asset. It's economically sensitive to grain and coal shipments. Good valuation. High ROE. 9x EBITDA and 2.6% dividend with a low payout ratio.
Likes it. A unique asset. It's economically sensitive to grain and coal shipments. Good valuation. High ROE. 9x EBITDA and 2.6% dividend with a low payout ratio.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$23.950
Owned
Yes
DON'T BUY
DON'T BUY
October 24, 2018

A stock price can pull back for many reasons: the market itself or your initial analysis was wrong. It happens to everyone. When to cut your losses? What are the prospects of this company going forward vs. other investments. Westshre had a good last quarter, but they are volatile. They are exposed on the west coat to coal shipping. Pays a modest 2.6% dividend. He has no plans to buy it. He doesn't know if it has downside risk, but its upside is limited.

A stock price can pull back for many reasons: the market itself or your initial analysis was wrong. It happens to everyone. When to cut your losses? What are the prospects of this company going forward vs. other investments. Westshre had a good last quarter, but they are volatile. They are exposed on the west coat to coal shipping. Pays a modest 2.6% dividend. He has no plans to buy it. He doesn't know if it has downside risk, but its upside is limited.

Michael Sprung
President, Sprung Investment Management
Price
$24.620
Owned
No
SELL
SELL
October 1, 2018

You buy this stock for coal exports heading to the west coast. This is a play on that demand. It has come off sharply, with trade tensions being an issue. If you're uncomfortable with this, sell it and take your losses. Pays a 2.3% yield. Coal is not fashionable and this is not a yield play.

You buy this stock for coal exports heading to the west coast. This is a play on that demand. It has come off sharply, with trade tensions being an issue. If you're uncomfortable with this, sell it and take your losses. Pays a 2.3% yield. Coal is not fashionable and this is not a yield play.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$26.950
Owned
Unknown
COMMENT
COMMENT
August 22, 2018

They've extended their coal contracts which has given the market some confidence in it. Pays a good dividend. Still negotiating with major customer Tech Resources, but he doesn't see Tech moving to another terminal. This is alright, trading at 2x book and 15x earnings. Doesn't know if they will increase the dividend.

They've extended their coal contracts which has given the market some confidence in it. Pays a good dividend. Still negotiating with major customer Tech Resources, but he doesn't see Tech moving to another terminal. This is alright, trading at 2x book and 15x earnings. Doesn't know if they will increase the dividend.

Michael Sprung
President, Sprung Investment Management
Price
$27.110
Owned
Unknown
TOP PICK
TOP PICK
July 25, 2018

The largest coal handling facility in the Western hemisphere. No debt with $58 million in cash. Most of the coal goes into steel manufacturing and they have blending capacity and will be doing another expansion, which will drop their payout ratio. A great infrastructure play that cannot be duplicated. Yield 2.6%. (Analysts’ price target is $26.50)

The largest coal handling facility in the Western hemisphere. No debt with $58 million in cash. Most of the coal goes into steel manufacturing and they have blending capacity and will be doing another expansion, which will drop their payout ratio. A great infrastructure play that cannot be duplicated. Yield 2.6%. (Analysts’ price target is $26.50)

Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$24.090
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 23, 2018

(A Top Pick Aug 29/17, Up 1%) It is a good underlying business but got caught up in the trade wars. He sold it. He continues to follow this business and might repurchase if the trade wars calm down.

(A Top Pick Aug 29/17, Up 1%) It is a good underlying business but got caught up in the trade wars. He sold it. He continues to follow this business and might repurchase if the trade wars calm down.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$24.250
Owned
No
TOP PICK
TOP PICK
December 8, 2017

A very straightforward simple business. They own a coal loading terminal off the coast of BC, one of the largest in North America. A very stable, simple business. They basically get coal sent in from rail yards across North America, and earn a fixed fee for every ton of coal they load onto a ship. The majority of their customers are locked into long-term contracts. For the last couple of years, they’ve been spending a lot of capital upgrading equipment. When they did that, they cut the dividend significantly. The Capital Spend is going to be done in 2018, and they’ll be in a great position to ratchet up the dividend. Trading at 9X EBITDA which is cheap. Dividend yield of 2.5%. (Analysts’ price target is $26.)

A very straightforward simple business. They own a coal loading terminal off the coast of BC, one of the largest in North America. A very stable, simple business. They basically get coal sent in from rail yards across North America, and earn a fixed fee for every ton of coal they load onto a ship. The majority of their customers are locked into long-term contracts. For the last couple of years, they’ve been spending a lot of capital upgrading equipment. When they did that, they cut the dividend significantly. The Capital Spend is going to be done in 2018, and they’ll be in a great position to ratchet up the dividend. Trading at 9X EBITDA which is cheap. Dividend yield of 2.5%. (Analysts’ price target is $26.)

Veeral Khatri
Partner and Portfolio Manager, JC Clark
Price
$25.830
Owned
Yes
SELL
SELL
December 1, 2017

Recently sold. It had a dip and struggling to get back up. The chart is a bit hard to interpret as it looks like it could be a choppy ride and could possibly range between about $30 -20. If you own the stock and happy with the dividend so long it doesn’t reach $20, you should be OK. Dividend 3.4%.

Recently sold. It had a dip and struggling to get back up. The chart is a bit hard to interpret as it looks like it could be a choppy ride and could possibly range between about $30 -20. If you own the stock and happy with the dividend so long it doesn’t reach $20, you should be OK. Dividend 3.4%.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$24.950
Owned
No
SELL
SELL
November 27, 2017

Hold or Sell? A great business. It has a moat as there is never going to be another terminal to hold coal in BC. They are making a lot of hay now because of the big demand for metallurgical coal. He doesn’t own this because it is a one company customer, being married to Teck Resources (TECK.B-T), which runs into trouble every few years. A brilliant asset, but you need more diversification. Would prefer something like Brookfield Infrastructure (BIP.UN-T) instead.

Hold or Sell? A great business. It has a moat as there is never going to be another terminal to hold coal in BC. They are making a lot of hay now because of the big demand for metallurgical coal. He doesn’t own this because it is a one company customer, being married to Teck Resources (TECK.B-T), which runs into trouble every few years. A brilliant asset, but you need more diversification. Would prefer something like Brookfield Infrastructure (BIP.UN-T) instead.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$24.770
Owned
Unknown
COMMENT
COMMENT
November 16, 2017

A really good asset. Terminals at ports are kind of scarce assets. Long-term, they are good investable assets. This one primarily serves the coal market. With the downturn in coal there was some panic and worries they would lose a lot of business. The stock really got battered, but has had a nice rebound back.

A really good asset. Terminals at ports are kind of scarce assets. Long-term, they are good investable assets. This one primarily serves the coal market. With the downturn in coal there was some panic and worries they would lose a lot of business. The stock really got battered, but has had a nice rebound back.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$24.730
Owned
Unknown
BUY
BUY
October 26, 2017

They have a great asset. They have coal storage and a shipping terminal that is irreplaceable. They take volume rather than pricing risk. The balance sheet is clean and it pays a decent dividend.

They have a great asset. They have coal storage and a shipping terminal that is irreplaceable. They take volume rather than pricing risk. The balance sheet is clean and it pays a decent dividend.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$24.500
Owned
Unknown
TOP PICK
TOP PICK
August 29, 2017

This has very high barriers to entry. They own a key coal loading and storage terminal on the West Coast of British Columbia. The stock sold off recently because of some concern and rumour that there is going to be a ban by the previous provincial government on thermal coal exports. When that happened, there was a lot of insider buying. Trading at 9X EBITDA. Dividend yield of 2.5%. (Analysts’ price target is $27.)

This has very high barriers to entry. They own a key coal loading and storage terminal on the West Coast of British Columbia. The stock sold off recently because of some concern and rumour that there is going to be a ban by the previous provincial government on thermal coal exports. When that happened, there was a lot of insider buying. Trading at 9X EBITDA. Dividend yield of 2.5%. (Analysts’ price target is $27.)

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$24.800
Owned
Yes
COMMENT
COMMENT
May 31, 2017

The largest coal handling facility in North America. This was recently in the news when the former BC Premier announced that she might not allow coal shipments from the US. A very quality, large infrastructure asset. If this keeps getting beaten up by the market, there might be an opportunity. Dividend yield of 2.9%.

The largest coal handling facility in North America. This was recently in the news when the former BC Premier announced that she might not allow coal shipments from the US. A very quality, large infrastructure asset. If this keeps getting beaten up by the market, there might be an opportunity. Dividend yield of 2.9%.

Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$21.750
Owned
No
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