Strongco Corp

SQP-T

Analysis and Opinions about SQP-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 4, 2010
Strongco (SQP-T) or Finning (FTT-T)? Finning has a better long-term track record. Both are good long-term holdings. Heavy equipment is very much driven by economic cycles but wouldn't be too excited at this time.
Strongco Corp (SQP-T)
October 4, 2010
Strongco (SQP-T) or Finning (FTT-T)? Finning has a better long-term track record. Both are good long-term holdings. Heavy equipment is very much driven by economic cycles but wouldn't be too excited at this time.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$3.350
Owned
No
DON'T BUY
DON'T BUY
October 19, 2007
Was hit with the income trust tax. Had a bad quarter, and is smaller then their competition.
Strongco Corp (SQP-T)
October 19, 2007
Was hit with the income trust tax. Had a bad quarter, and is smaller then their competition.
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$6.800
Owned
Unknown
DON'T BUY
DON'T BUY
September 17, 2007
Dealer of heavy equipment. Worst stock in sector. Won’t trade substantially above book value. Doesn’t expect down/up side.
Strongco Corp (SQP-T)
September 17, 2007
Dealer of heavy equipment. Worst stock in sector. Won’t trade substantially above book value. Doesn’t expect down/up side.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$7.700
Owned
No
DON'T BUY
DON'T BUY
September 17, 2007
Dealer of heavy equipment. Worst stock in sector. Won’t trade substantially above book value. Doesn’t expect down/up side.
Strongco Corp (SQP-T)
September 17, 2007
Dealer of heavy equipment. Worst stock in sector. Won’t trade substantially above book value. Doesn’t expect down/up side.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$7.700
Owned
No
PAST TOP PICK
PAST TOP PICK
August 7, 2007
(A Top Pick Aug 8/06. Down 63.3%.) Heavy equipment dealer and servicer. Will benefit from infrastructure build up. Sold all his shares after the 2nd bad quarter.
Strongco Corp (SQP-T)
August 7, 2007
(A Top Pick Aug 8/06. Down 63.3%.) Heavy equipment dealer and servicer. Will benefit from infrastructure build up. Sold all his shares after the 2nd bad quarter.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$7.520
Owned
No
PAST TOP PICK
PAST TOP PICK
July 16, 2007
(A Top Pick Aug 8/06. Down 63%.) A dealer and servicer in heavy equipment. Have not delivered anything close to what they should have. Sold his holdings.
Strongco Corp (SQP-T)
July 16, 2007
(A Top Pick Aug 8/06. Down 63%.) A dealer and servicer in heavy equipment. Have not delivered anything close to what they should have. Sold his holdings.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$8.240
Owned
No
DON'T BUY
DON'T BUY
June 8, 2007
Is a bit of a "gong show" right now. Have some debt issues right now. hold rating of $8.50
Is a bit of a "gong show" right now. Have some debt issues right now. hold rating of $8.50
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$8.030
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 22, 2007
Disappointed him greatly. Other companies in the same business are benefiting from the construction boom in Canada, but Strongco isn't.
Disappointed him greatly. Other companies in the same business are benefiting from the construction boom in Canada, but Strongco isn't.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$8.260
Owned
No
HOLD
HOLD
April 9, 2007
A group of businesses that sell and rent heavy equipment to the construction sector. Very economically sensitive. Not a big fan.
Strongco Corp (SQP-T)
April 9, 2007
A group of businesses that sell and rent heavy equipment to the construction sector. Very economically sensitive. Not a big fan.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$8.950
Owned
No
PAST TOP PICK
PAST TOP PICK
March 13, 2007
(A Top Pick Mar 16/06. Down 23.5%.) The government’s rule on trusts and the weakness in the oil/gas sector has hit this trust. 3rd quarter of 06 was weak. Looking for the 4th quarter results this week.
Strongco Corp (SQP-T)
March 13, 2007
(A Top Pick Mar 16/06. Down 23.5%.) The government’s rule on trusts and the weakness in the oil/gas sector has hit this trust. 3rd quarter of 06 was weak. Looking for the 4th quarter results this week.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$13.810
Owned
Yes
BUY
BUY
February 26, 2007
Wholesale dealer of heavy equipment. Because of the large expansion in Alberta, as well as strong mining in other provinces and infrastructure spending is going up, companies like Strongco (SQP.UN-T) and Wajax (WJX.UN-T) should do OK. Close to 100% payout.
Strongco Corp (SQP-T)
February 26, 2007
Wholesale dealer of heavy equipment. Because of the large expansion in Alberta, as well as strong mining in other provinces and infrastructure spending is going up, companies like Strongco (SQP.UN-T) and Wajax (WJX.UN-T) should do OK. Close to 100% payout.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$14.130
Owned
Unknown
DON'T BUY
DON'T BUY
February 23, 2007
Rents heavy equipment. Have a relationship with Volvo. A lot of exposure to the West. Exposure in the forestry sector is not as favourable. Earnings are quite cyclical.
Strongco Corp (SQP-T)
February 23, 2007
Rents heavy equipment. Have a relationship with Volvo. A lot of exposure to the West. Exposure in the forestry sector is not as favourable. Earnings are quite cyclical.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$14.700
Owned
No
BUY
BUY
February 9, 2007
Construction activity out west is pretty good.
Strongco Corp (SQP-T)
February 9, 2007
Construction activity out west is pretty good.
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$12.500
Owned
No
PAST TOP PICK
PAST TOP PICK
December 27, 2006
(A Past Top Pick Aug 8/06. Down 45.1%.) Hit with 3 bad items in a row. 1) Analyst gave a negative report. 2) Government announcement on trusts 3) Results were a little disappointing. Giving a 19% yield. Still likes.
Strongco Corp (SQP-T)
December 27, 2006
(A Past Top Pick Aug 8/06. Down 45.1%.) Hit with 3 bad items in a row. 1) Analyst gave a negative report. 2) Government announcement on trusts 3) Results were a little disappointing. Giving a 19% yield. Still likes.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$11.880
Owned
Yes
DON'T BUY
DON'T BUY
November 24, 2006
Rents/sells industrial equipment. Sold his holdings when he saw weakness in the Ontario economy about a year ago. Highly cyclical.
Strongco Corp (SQP-T)
November 24, 2006
Rents/sells industrial equipment. Sold his holdings when he saw weakness in the Ontario economy about a year ago. Highly cyclical.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$12.800
Owned
No
DON'T BUY
DON'T BUY
November 3, 2006
Rents equipment for the construction/industrial sectors. Last quarter was a bit weak. Revenue was down 9% in the forestry sector of their business. Very cyclical.
Strongco Corp (SQP-T)
November 3, 2006
Rents equipment for the construction/industrial sectors. Last quarter was a bit weak. Revenue was down 9% in the forestry sector of their business. Very cyclical.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$12.990
Owned
No
PAST TOP PICK
PAST TOP PICK
October 26, 2006
(A Top Pick June 5/06. Down 6.6%.) There was a lot of selling of small trusts, because of fear of recession. Feels this will go back to $25 next year.
Strongco Corp (SQP-T)
October 26, 2006
(A Top Pick June 5/06. Down 6.6%.) There was a lot of selling of small trusts, because of fear of recession. Feels this will go back to $25 next year.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$17.450
Owned
Yes
COMMENT
COMMENT
October 20, 2006
Recent report on their debt position was in error. Debt level is manageable at 1.2 X to cash flow.
Strongco Corp (SQP-T)
October 20, 2006
Recent report on their debt position was in error. Debt level is manageable at 1.2 X to cash flow.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$19.080
Owned
No
TOP PICK
TOP PICK
August 8, 2006
(A Top Pick June 5/06. Up 4.4%.) Heavy equipment provider. Earnings were up last quarter. Sales were up 50% in the western part of their business. Still paying taxes, but this will probably disappear next year.
Strongco Corp (SQP-T)
August 8, 2006
(A Top Pick June 5/06. Up 4.4%.) Heavy equipment provider. Earnings were up last quarter. Sales were up 50% in the western part of their business. Still paying taxes, but this will probably disappear next year.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$21.600
Owned
Yes
TOP PICK
TOP PICK
June 5, 2006
(A Top Pick Feb 15/06. Up 4.5%.) Thinks it will provide $2.50 of earnings this year. All of their earnings are free cash. Thinks distributions will continue to increase going forward.
(A Top Pick Feb 15/06. Up 4.5%.) Thinks it will provide $2.50 of earnings this year. All of their earnings are free cash. Thinks distributions will continue to increase going forward.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$20.440
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 19, 2006
(A Top Pick Feb 15/06. No change.) Distributors of heavy equipment machinery across Canada. Trailing earnings are roughly $1.87 and expect them to make $2.30/2.40 this year. Have added more at the $17/18 area.
Strongco Corp (SQP-T)
April 19, 2006
(A Top Pick Feb 15/06. No change.) Distributors of heavy equipment machinery across Canada. Trailing earnings are roughly $1.87 and expect them to make $2.30/2.40 this year. Have added more at the $17/18 area.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$19.690
Owned
Yes
BUY
BUY
April 19, 2006
Q: Compared with Wajax (WJX.UN-T). A: Has not moved up as much as Wajax, so is cheaper. Will probably trade at 7 X its earnings.
Strongco Corp (SQP-T)
April 19, 2006
Q: Compared with Wajax (WJX.UN-T). A: Has not moved up as much as Wajax, so is cheaper. Will probably trade at 7 X its earnings.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$19.690
Owned
Yes
TOP PICK
TOP PICK
March 16, 2006
Strongco Icome Fund provides heavy equipment for mining, construction and infrastructures in Canada. Company is doing well and is growing. Yield is 10%. It generates a lot of free cash flow. Predicts distribution will rise in 06. There are risks if the economy weakens and Canada goes into a recession. He bought this stock from $13-21.
Strongco Corp (SQP-T)
March 16, 2006
Strongco Icome Fund provides heavy equipment for mining, construction and infrastructures in Canada. Company is doing well and is growing. Yield is 10%. It generates a lot of free cash flow. Predicts distribution will rise in 06. There are risks if the economy weakens and Canada goes into a recession. He bought this stock from $13-21.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$18.100
Owned
Yes
TOP PICK
TOP PICK
February 15, 2006
Their earnings and margins are growing. The multiple is reasonably low. Expect they will make $2.25/2.50 a share next year. Looking for them to increase distributions to above $2.
Strongco Corp (SQP-T)
February 15, 2006
Their earnings and margins are growing. The multiple is reasonably low. Expect they will make $2.25/2.50 a share next year. Looking for them to increase distributions to above $2.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$20.050
Owned
Yes
SELL
SELL
February 10, 2006
Has an excellent exposure, sort of a third derivative play on oil in that they provide a lot of heavy equipment and services to that sector. Would prefer Wajax (WJX.UN-T) which has more upside.
Strongco Corp (SQP-T)
February 10, 2006
Has an excellent exposure, sort of a third derivative play on oil in that they provide a lot of heavy equipment and services to that sector. Would prefer Wajax (WJX.UN-T) which has more upside.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$19.500
Owned
No
BUY
BUY
October 26, 2005
In the business of distributing heavy machinery. The strength in mining and energy is very positive for them. Prefers Wajax (WJX.UN-T).
Strongco Corp (SQP-T)
October 26, 2005
In the business of distributing heavy machinery. The strength in mining and energy is very positive for them. Prefers Wajax (WJX.UN-T).
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$14.250
Owned
No
WEAK BUY
WEAK BUY
June 10, 2005
Relatively high yield versus business trusts, but in a very cyclical business. Doesn't have an unblemished past. Very aggressive payout ratio at 90%.
Strongco Corp (SQP-T)
June 10, 2005
Relatively high yield versus business trusts, but in a very cyclical business. Doesn't have an unblemished past. Very aggressive payout ratio at 90%.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$14.400
Owned
Unknown
WEAK BUY
WEAK BUY
December 18, 2003
Up 194% year-to-date. Average daily volume is only 7900 shares. A liquidity and small market cap issue indicate a high risk profile. Getting higher margins on their sales and rentals.
Strongco Corp (SQP-T)
December 18, 2003
Up 194% year-to-date. Average daily volume is only 7900 shares. A liquidity and small market cap issue indicate a high risk profile. Getting higher margins on their sales and rentals.
Lou Schizas
Business Editor, Market Call
Price
$3.500
Owned
Unknown
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