Canwel Building Materials Ltd.

CWX-T

TSE:CWX

6.81
0.12 (1.79%)
Founded in 1989, CanWel is headquartered in Vancouver, British Columbia and trades on the Toronto Stock Exchange under the symbol CWX, and is Canada’s only fully integrated national distributor in the building materials and related products sector.
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Analysis and Opinions about CWX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 22, 2014

Building products, lumber distributor across Canada. The building/renovation market in Canada has been quite good for some time. The yield of 9.2% is too high. They are over distributing. Thinks they have some room on a line and could pay out a debt if they wanted to, but clearly that is a temporary type fix. Any slowdown in building activity would be detrimental. This is not one that he would buy.

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Building products, lumber distributor across Canada. The building/renovation market in Canada has been quite good for some time. The yield of 9.2% is too high. They are over distributing. Thinks they have some room on a line and could pay out a debt if they wanted to, but clearly that is a temporary type fix. Any slowdown in building activity would be detrimental. This is not one that he would buy.

DON'T BUY
DON'T BUY
April 12, 2012
Building products distributor. Generally you get low margins in the distribution business. He expects the housing cycle in Canada will have to slow down at some point.
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Building products distributor. Generally you get low margins in the distribution business. He expects the housing cycle in Canada will have to slow down at some point.
SELL
SELL
June 27, 2011
Thinks he may have sold all of his holdings. Got a real bump out of the government’s home renovation stimulus program, which has now ended. With the floods in many parts of Canada this could be a soft summer for home renovations.
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Thinks he may have sold all of his holdings. Got a real bump out of the government’s home renovation stimulus program, which has now ended. With the floods in many parts of Canada this could be a soft summer for home renovations.
PAST TOP PICK
PAST TOP PICK
May 16, 2011
(A Top Pick April 22/10. Down 20.31%.) Distributor of building supplies. Very good business model. Hit by the end of the stimulus money. As new home buying comes off, there will be more renovation. Currently a Hold.
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(A Top Pick April 22/10. Down 20.31%.) Distributor of building supplies. Very good business model. Hit by the end of the stimulus money. As new home buying comes off, there will be more renovation. Currently a Hold.
PAST TOP PICK
PAST TOP PICK
April 13, 2011
(A Top Pick April 22/10. Down 5.21%.) A hold. Reasonable distribution.
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(A Top Pick April 22/10. Down 5.21%.) A hold. Reasonable distribution.
BUY
BUY
August 16, 2010
Just converted from a trust to a corporation. Have been digesting an acquisition. Account for about 8% of what goes through Rona, Home Depot and Lowe's as well as how much room they have for growth.
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Just converted from a trust to a corporation. Have been digesting an acquisition. Account for about 8% of what goes through Rona, Home Depot and Lowe's as well as how much room they have for growth.
TOP PICK
TOP PICK
April 22, 2010
With its recent acquisition, it will be doing about $1.4 billion of doing supplies. Well managed.
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With its recent acquisition, it will be doing about $1.4 billion of doing supplies. Well managed.
COMMENT
COMMENT
October 13, 2006
A distribution business in building products. Margins disappointed last year because of the mountain pine beetle creating a flood of lumber. Tied into the housing cycle. A well-managed company in a volatile business.
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A distribution business in building products. Margins disappointed last year because of the mountain pine beetle creating a flood of lumber. Tied into the housing cycle. A well-managed company in a volatile business.
DON'T BUY
DON'T BUY
August 11, 2006
A distribution business that is a low margin business. Cyclical. Expects there will be more downside.
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A distribution business that is a low margin business. Cyclical. Expects there will be more downside.
DON'T BUY
DON'T BUY
May 12, 2006
Distributor of building products. A major component of their throughput is lumber, particleboard and plywood. Got caught last year where mountain pine beetle caused massive destruction in BC. Created a much larger than normal cut which took pricing down. High volatility/high risk.
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Distributor of building products. A major component of their throughput is lumber, particleboard and plywood. Got caught last year where mountain pine beetle caused massive destruction in BC. Created a much larger than normal cut which took pricing down. High volatility/high risk.
DON'T BUY
DON'T BUY
April 7, 2006
A hardware/wood product distributor that converted to a trust. Very, very low margins at around 3%. Cut distributions 30%. There is no catalyst to make it go higher in the near term.
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A hardware/wood product distributor that converted to a trust. Very, very low margins at around 3%. Cut distributions 30%. There is no catalyst to make it go higher in the near term.
DON'T BUY
DON'T BUY
March 31, 2006
Recently cut their distribution. They get about 45% of revenue from lumber and panels which is a volatile area. Good management. Would prefer to see them cut to about an 80% payout ratio.
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Recently cut their distribution. They get about 45% of revenue from lumber and panels which is a volatile area. Good management. Would prefer to see them cut to about an 80% payout ratio.
WEAK BUY
WEAK BUY
February 10, 2006
Has had challenges. Not a bad entry point. You have to be risk tolerant.
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Has had challenges. Not a bad entry point. You have to be risk tolerant.
DON'T BUY
DON'T BUY
February 3, 2006
Distributing products to the Home Depots and Ronas of the world. Highly levered to forest products which can be quite volatile. Housing starts have been a lot lower. Too cyclical for his portfolio.
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Distributing products to the Home Depots and Ronas of the world. Highly levered to forest products which can be quite volatile. Housing starts have been a lot lower. Too cyclical for his portfolio.
DON'T BUY
DON'T BUY
December 9, 2005
Doesn’t feel the distribution is sustainable, so thinks there will be cut, if not multiple cuts. Feels the housing cycle will be stretched out rather than a spike. This one became a trust during a peak in housing. You might treat as a trade during tax loss selling.
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Doesn’t feel the distribution is sustainable, so thinks there will be cut, if not multiple cuts. Feels the housing cycle will be stretched out rather than a spike. This one became a trust during a peak in housing. You might treat as a trade during tax loss selling.
Showing 16 to 30 of 38 entries