Canam Group Inc. | StockChase
28
Canam Group Inc. (CAM-T (Dead))

Last Price Recorded: $12.3000 on 2017-07-05

ON STOCKCHASE SINCE Sep 2004

Went private (July 2017)

metal fabricators
28
Canam Group Inc. (CAM-T (Dead))

Last Price Recorded: $12.3000 on 2017-07-05

ON STOCKCHASE SINCE Sep 2004

Went private (July 2017)

metal fabricators

Canam Group Inc.


Signal Opinion Expert
COMMENT

This is going private and went up 96% today.

metal fabricators

This is going private and went up 96% today.

metal fabricators
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$12.190
Owned Owned
Unknown

COMMENT

Structural steel. A very cyclical, and highly asset intensive in terms of what is needed in working capital. Make sure they have the balance sheet needed, because it is cyclical. A competitive business. They often have contracts that can either make them or break them.

metal fabricators

Structural steel. A very cyclical, and highly asset intensive in terms of what is needed in working capital. Make sure they have the balance sheet needed, because it is cyclical. A competitive business. They often have contracts that can either make them or break them.

metal fabricators
Stephen Groff

Principal & Portfolio Manager, Cambridge Global Ass...

PricePrice
$5.980
Owned Owned
No

COMMENT
Canam Group Inc.(CAM-T (Dead)) 

September 22, 2016

Believes they just reported a loss of about $28 million which is huge, but their backlog he believes, is at a record level. Their financial statements are pretty good. With their structural steel division, it is 12.8% of the enterprise. They are talking about wrapping that down, and possibly eliminating it. If they do that, there are going to be some write offs associated with it, which will negatively impact the stock price. He likes the company overall.

metal fabricators

Believes they just reported a loss of about $28 million which is huge, but their backlog he believes, is at a record level. Their financial statements are pretty good. With their structural steel division, it is 12.8% of the enterprise. They are talking about wrapping that down, and possibly eliminating it. If they do that, there are going to be some write offs associated with it, which will negatively impact the stock price. He likes the company overall.

metal fabricators
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$10.360
Owned Owned
No

BUY

Will really benefit from the lower dollar.  As long as the dollar stays where it is their prospects are not bad at all. 

metal fabricators

Will really benefit from the lower dollar.  As long as the dollar stays where it is their prospects are not bad at all. 

metal fabricators
David Baskin

President, Baskin Wealth Manage...

PricePrice
$9.250
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick March 25/15. Up 3.75%.) This was a play on market share in that a lot of their business was in the US. He still likes this.

metal fabricators

(A Top Pick March 25/15. Up 3.75%.) This was a play on market share in that a lot of their business was in the US. He still likes this.

metal fabricators
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$12.980
Owned Owned
Yes

PAST TOP PICK

(A Top Pick May 12/14. Up 7.67%.) Sold his holdings. Liked the story and followed it for a very, very long time. It was extremely cheap, trading in the $7 range. The number you want to watch for on this is the Architectures Billing Index. It was expanding and expanding, so it was getting a lot of non-residential buildings. Then they started getting big, big contracts such as stadiums and bridges. Their backlog was getting bigger than they had ever seen before. It is great to get a big backlog, but you have to be able to work through it profitably and on time, which becomes a challenge on big projects.

metal fabricators

(A Top Pick May 12/14. Up 7.67%.) Sold his holdings. Liked the story and followed it for a very, very long time. It was extremely cheap, trading in the $7 range. The number you want to watch for on this is the Architectures Billing Index. It was expanding and expanding, so it was getting a lot of non-residential buildings. Then they started getting big, big contracts such as stadiums and bridges. Their backlog was getting bigger than they had ever seen before. It is great to get a big backlog, but you have to be able to work through it profitably and on time, which becomes a challenge on big projects.

metal fabricators
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$14.000
Owned Owned
No

TOP PICK

Commercial construction the US.  They also offer architectural and design services.  More than a $ billion back log.

metal fabricators

Commercial construction the US.  They also offer architectural and design services.  More than a $ billion back log.

metal fabricators
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$12.560
Owned Owned
Yes

WATCH

Makes bridges and industrial buildings. This has had a bit of a wild ride. Had 2 quarters where they really disappointed. The 1st quarter this year was weather related, and this last quarter they missed expectations because their back log was too big. Margins got squeezed and they weren’t getting the amount of work done. They have to hire a lot of people to get through that back log. If you hold this name, watch next week when they report to see where this company goes. He thinks it was just 2 short term misses. He has a lot of faith in management.

metal fabricators

Makes bridges and industrial buildings. This has had a bit of a wild ride. Had 2 quarters where they really disappointed. The 1st quarter this year was weather related, and this last quarter they missed expectations because their back log was too big. Margins got squeezed and they weren’t getting the amount of work done. They have to hire a lot of people to get through that back log. If you hold this name, watch next week when they report to see where this company goes. He thinks it was just 2 short term misses. He has a lot of faith in management.

metal fabricators
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$11.320
Owned Owned
Yes

HOLD
Canam Group Inc.(CAM-T (Dead)) 

September 12, 2014

Steel fabricator making bridges, steel joists, a lot of industrial and commercial type work. Commercial building lags residential building. Residential building has really spiked up over the last few years and now commercial building is starting to spike up and a lot of data is pointing towards this. When you have a big backlog, you have to hire a lot of people to do a lot more over time and things that hurt your margin. Stock has had 2 misses. One was because of weather, and Q2 was because of backlog. Now the risk/reward is pretty attractive. It is very undervalued relative to its history and to their peers.

metal fabricators

Steel fabricator making bridges, steel joists, a lot of industrial and commercial type work. Commercial building lags residential building. Residential building has really spiked up over the last few years and now commercial building is starting to spike up and a lot of data is pointing towards this. When you have a big backlog, you have to hire a lot of people to do a lot more over time and things that hurt your margin. Stock has had 2 misses. One was because of weather, and Q2 was because of backlog. Now the risk/reward is pretty attractive. It is very undervalued relative to its history and to their peers.

metal fabricators
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$10.820
Owned Owned
Yes

TOP PICK

The industrial build out in the US is continuing.  The back log is record, up 30% this quarter.  The last quarter was affected by weather.  Management seems very confident in the future.  10 times earnings.

metal fabricators

The industrial build out in the US is continuing.  The back log is record, up 30% this quarter.  The last quarter was affected by weather.  Management seems very confident in the future.  10 times earnings.

metal fabricators
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$13.190
Owned Owned
Yes

TOP PICK
Canam Group Inc.(CAM-T (Dead)) 

February 19, 2014

This is a name that you don’t want to hold for a whole cycle over a few years. You want to hold when margins start to grow, when non-residential building starts to really build up and that is where we are getting to right now. The Architectures Building Index, which is a good forward indicator for the stock, came out positive. Getting a lot of contracts. Just reinstated their dividend.

metal fabricators

This is a name that you don’t want to hold for a whole cycle over a few years. You want to hold when margins start to grow, when non-residential building starts to really build up and that is where we are getting to right now. The Architectures Building Index, which is a good forward indicator for the stock, came out positive. Getting a lot of contracts. Just reinstated their dividend.

metal fabricators
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$13.740
Owned Owned
Yes

BUY on WEAKNESS

Well run.  Involved in steel fabrication.  They stumbled but they turned it around.  He sold and is now out.  Likes management.  He may buy it again if it ever comes down.  A lot of institutions want to see a dividend.

metal fabricators

Well run.  Involved in steel fabrication.  They stumbled but they turned it around.  He sold and is now out.  Likes management.  He may buy it again if it ever comes down.  A lot of institutions want to see a dividend.

metal fabricators
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$12.580
Owned Owned
No

TOP PICK

A margin growth story.  Gross Margin was 7% after the 2007/8 collapse.  It is a story about building out the US.  Margins are now up to 16% and if they can drive them to 19% it will drive the valuation up.  About half of the business is in the US.

metal fabricators

A margin growth story.  Gross Margin was 7% after the 2007/8 collapse.  It is a story about building out the US.  Margins are now up to 16% and if they can drive them to 19% it will drive the valuation up.  About half of the business is in the US.

metal fabricators
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$9.320
Owned Owned
Yes

TOP PICK

Doesn’t own but is going to try and accumulate under $5 over a period of time. If it can break above $5 on some good volume, then it has the potential to go up another couple of dollars.

metal fabricators

Doesn’t own but is going to try and accumulate under $5 over a period of time. If it can break above $5 on some good volume, then it has the potential to go up another couple of dollars.

metal fabricators
Jeff Parent B. Eng. FCSI

Vice President and Portfolio Manager, Matco Financial Inc...

PricePrice
$4.810
Owned Owned
No

HOLD
Canam Group Inc.(CAM-T (Dead)) 

September 9, 2011

Lost money in BC Place where they had a fixed price contract. Also, infrastructure spending has slowed down. Had a loss last quarter and they passed the dividend for the time being. Selling $50 million plus of assets, which are not germane to their business so there are no financial problems.
metal fabricators
Lost money in BC Place where they had a fixed price contract. Also, infrastructure spending has slowed down. Had a loss last quarter and they passed the dividend for the time being. Selling $50 million plus of assets, which are not germane to their business so there are no financial problems.
metal fabricators
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$4.330
Owned Owned
Yes

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