Strongco Corp

SQP-T

Analysis and Opinions about SQP-T

Signal
Opinion
Expert
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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