Canam Group Inc.

CAM-T

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Analysis and Opinions about CAM-T

Signal
Opinion
Expert
COMMENT
COMMENT
April 27, 2017

This is going private and went up 96% today.

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This is going private and went up 96% today.

COMMENT
COMMENT
March 15, 2017

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.

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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.

COMMENT
COMMENT
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.

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Canam Group Inc. (CAM-T)
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.

BUY
BUY
August 8, 2016

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

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

PAST TOP PICK
PAST TOP PICK
March 29, 2016

(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.

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(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.

PAST TOP PICK
PAST TOP PICK
June 17, 2015

(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.

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(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.

TOP PICK
TOP PICK
March 25, 2015

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

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

WATCH
WATCH
October 24, 2014

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.

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Canam Group Inc. (CAM-T)
October 24, 2014

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.

HOLD
HOLD
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.

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Canam Group Inc. (CAM-T)
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.

TOP PICK
TOP PICK
May 12, 2014

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.

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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.

TOP PICK
TOP PICK
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.

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Canam Group Inc. (CAM-T)
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.

BUY WEAKNESS
BUY WEAKNESS
December 3, 2013

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.

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Canam Group Inc. (CAM-T)
December 3, 2013

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.

TOP PICK
TOP PICK
June 25, 2013

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.

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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.

TOP PICK
TOP PICK
August 31, 2012

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.

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Canam Group Inc. (CAM-T)
August 31, 2012

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.

HOLD
HOLD
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.
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Canam Group Inc. (CAM-T)
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.
BUY
BUY
July 8, 2011
Construction and various services. Does a lot of work with major arenas. Believes in the company. Good balance sheet. More than 60%-70% of its business is done in the US. Dividend of about 2.25%. Anywhere under $7 is fundamentally cheap. Book value of around $7.90.
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Construction and various services. Does a lot of work with major arenas. Believes in the company. Good balance sheet. More than 60%-70% of its business is done in the US. Dividend of about 2.25%. Anywhere under $7 is fundamentally cheap. Book value of around $7.90.
HOLD
HOLD
April 27, 2011
Book Value a little over $9. Excellent disciplined management. Very levered to the US economy with bridge building and the joist market. Stepped on a rake when they underbid on BC Place so ended up with a $34 million loss, which is very uncharacteristic of them. Still likes what he sees and a good stock to hold over the next 6 to 12 months. About a 2% dividend.
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Book Value a little over $9. Excellent disciplined management. Very levered to the US economy with bridge building and the joist market. Stepped on a rake when they underbid on BC Place so ended up with a $34 million loss, which is very uncharacteristic of them. Still likes what he sees and a good stock to hold over the next 6 to 12 months. About a 2% dividend.
BUY
BUY
February 18, 2011
Excellent management. Stock recently popped after disappointing earnings but going forward margins will be picking up. If you believe in the US economy, they will do quite well.
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Canam Group Inc. (CAM-T)
February 18, 2011
Excellent management. Stock recently popped after disappointing earnings but going forward margins will be picking up. If you believe in the US economy, they will do quite well.
PAST TOP PICK
PAST TOP PICK
October 1, 2010
(A Top Pick May 21/10. Down 4.36%.) Still likes.
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Canam Group Inc. (CAM-T)
October 1, 2010
(A Top Pick May 21/10. Down 4.36%.) Still likes.
PAST TOP PICK
PAST TOP PICK
August 13, 2010
(A Top Pick May 21/10. Down 7.64%.) Still likes. Well managed. All set up for the next cycle.
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Canam Group Inc. (CAM-T)
August 13, 2010
(A Top Pick May 21/10. Down 7.64%.) Still likes. Well managed. All set up for the next cycle.
TOP PICK
TOP PICK
May 21, 2010
Quebec-based steel fabricator. BV of around $9. Pristine balance sheet, virtually debt-free. 2.1% dividend. Just made a major acquisition of a US structural steel fabricator, which will increase their EBITDA by as much as $50 million. 70% of their business is in the US. Own a US bridge refurbishing company.
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Quebec-based steel fabricator. BV of around $9. Pristine balance sheet, virtually debt-free. 2.1% dividend. Just made a major acquisition of a US structural steel fabricator, which will increase their EBITDA by as much as $50 million. 70% of their business is in the US. Own a US bridge refurbishing company.
BUY
BUY
March 21, 2007
Started to make a base in recent months followed by a little rise and it has managed to break above the 200-day moving average.
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Started to make a base in recent months followed by a little rise and it has managed to break above the 200-day moving average.
PAST TOP PICK
PAST TOP PICK
September 6, 2006
(A Top Pick Oct 26/05. Up 38%.) Sold all his stock last month when they disappointed.
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Canam Group Inc. (CAM-T)
September 6, 2006
(A Top Pick Oct 26/05. Up 38%.) Sold all his stock last month when they disappointed.
BUY
BUY
February 15, 2006
Doing extremely well. They are now more focused on the bottom line. Earnings and margins are expanding.
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Canam Group Inc. (CAM-T)
February 15, 2006
Doing extremely well. They are now more focused on the bottom line. Earnings and margins are expanding.
PAST TOP PICK
PAST TOP PICK
January 19, 2006
(A Top Pick Nov 8/05. Up 1.2%.) Hasn't taken off the way he wanted. This is a company that could take advantage of the commodities boom and infrastructure building. Stock is cheap and is still a buying opportunity.
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Canam Group Inc. (CAM-T)
January 19, 2006
(A Top Pick Nov 8/05. Up 1.2%.) Hasn't taken off the way he wanted. This is a company that could take advantage of the commodities boom and infrastructure building. Stock is cheap and is still a buying opportunity.
TOP PICK
TOP PICK
November 8, 2005
A Quebec based engineering firm. Had a terrific quarter. Has a very strong backlog. Trades at a verly low price to earnings multiple. Feel it's being overlooked by the market.
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Canam Group Inc. (CAM-T)
November 8, 2005
A Quebec based engineering firm. Had a terrific quarter. Has a very strong backlog. Trades at a verly low price to earnings multiple. Feel it's being overlooked by the market.
TOP PICK
TOP PICK
October 26, 2005
Very low forward P/E. Have a lot of depreciation and not much capX any more. There has been a change of focus with the bottom line being building cash. Earnings are up year after year and sales are up.
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Canam Group Inc. (CAM-T)
October 26, 2005
Very low forward P/E. Have a lot of depreciation and not much capX any more. There has been a change of focus with the bottom line being building cash. Earnings are up year after year and sales are up.
VAGUE
VAGUE
September 7, 2004
Feels the steel business has a couple more quarters of upside. Doesn't follow this company very much.
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Canam Group Inc. (CAM-T)
September 7, 2004
Feels the steel business has a couple more quarters of upside. Doesn't follow this company very much.
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