Keystone North America Inc.

KNA-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about KNA-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 26, 2009
(A Top Pick Oct 31/08. Up 133.6%.) Being taken out by another funeral home group.
(A Top Pick Oct 31/08. Up 133.6%.) Being taken out by another funeral home group.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$33.780
Owned
Yes
COMMENT
COMMENT
March 25, 2009
Cemeteries in the US. Decent business long-term. Had some debt issues.
Cemeteries in the US. Decent business long-term. Had some debt issues.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$27.360
Owned
No
TOP PICK
TOP PICK
October 31, 2008
Yield of about 20%. Completely unknown. Converted from an income trust. Fifth largest funeral home, cemetery in North America. Great earnings.
Yield of about 20%. Completely unknown. Converted from an income trust. Fifth largest funeral home, cemetery in North America. Great earnings.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$27.790
Owned
Yes
BUY
BUY
August 20, 2008
13% yield. Funeral homes in the US. Converted from a stapled income trust, which the US could lap up on a tax effective basis. Part stock, part bond.
13% yield. Funeral homes in the US. Converted from a stapled income trust, which the US could lap up on a tax effective basis. Part stock, part bond.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$30.780
Owned
Yes
COMMENT
COMMENT
May 6, 2008
Wasn't actually structured as an income trust but as an Income Depository Security that consisted of a common share and some debt paper clipped together. They are proposing to replace debt with more equity. Rights were issued to unitholders. This allows debt to be replaced with common shares. He feels it makes sense to exercise the Rights.
Wasn't actually structured as an income trust but as an Income Depository Security that consisted of a common share and some debt paper clipped together. They are proposing to replace debt with more equity. Rights were issued to unitholders. This allows debt to be replaced with common shares. He feels it makes sense to exercise the Rights.
Kevin Hall BComm, CFA
Managing Director, Guardian Capital
Price
$6.580
Owned
Yes
HOLD
HOLD
April 28, 2008
Operates funeral homes. Last year was particularly slow. Generally should be a stable business. US$ income that has been converted into Cdn cash flow, which has been a problem. Recently cut their distributions and are doing a rights issue and lowering their debt, which is positive but a bit dilutive. Fairly valued.
Operates funeral homes. Last year was particularly slow. Generally should be a stable business. US$ income that has been converted into Cdn cash flow, which has been a problem. Recently cut their distributions and are doing a rights issue and lowering their debt, which is positive but a bit dilutive. Fairly valued.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$6.600
Owned
Unknown
BUY
BUY
February 6, 2008
(Market Call Minute.) A company that has fallen off the radar screen and funeral homes is a steady business.
(Market Call Minute.) A company that has fallen off the radar screen and funeral homes is a steady business.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$7.900
Owned
Unknown
VAGUE
VAGUE
October 19, 2007
Be patient, may take a year or two.
Be patient, may take a year or two.
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$7.900
Owned
Unknown
COMMENT
COMMENT
July 27, 2007
Very good management team. Won't be as impacted from the tax changes as it is mainly US operations. Because it is small cap, it seems to fly below everyone's radar. Would have liked to have seen a faster pace in consolidations and acquisitions.
Very good management team. Won't be as impacted from the tax changes as it is mainly US operations. Because it is small cap, it seems to fly below everyone's radar. Would have liked to have seen a faster pace in consolidations and acquisitions.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$8.920
Owned
Yes
TOP PICK
TOP PICK
July 13, 2007
Funeral home operator. This is an industry that consolidates from time to time. Substantial US exposure, so there is currency risk.
Funeral home operator. This is an industry that consolidates from time to time. Substantial US exposure, so there is currency risk.
Chris Rankin, MBA, CFA
Diversified Trust Analyst, Canaccord Capital
Price
$9.190
Owned
Yes
COMMENT
COMMENT
July 4, 2007
Cemeteries and cremation services. A US IPS, so it’s not an income trust and won't be impacted by legislation. Did well in Q1. Would like them to get debt levels down. Payout ratio of about 90%.
Cemeteries and cremation services. A US IPS, so it’s not an income trust and won't be impacted by legislation. Did well in Q1. Would like them to get debt levels down. Payout ratio of about 90%.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$9.260
Owned
No
BUY
BUY
February 22, 2007
Funeral services in the US. Technically not an income trust, but an Income Participation Security. Doesn't feel it is subject to the new income trust rules. Non-cyclical. A great long-term business. Good yield of about 12%.
Funeral services in the US. Technically not an income trust, but an Income Participation Security. Doesn't feel it is subject to the new income trust rules. Non-cyclical. A great long-term business. Good yield of about 12%.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$8.450
Owned
Unknown
COMMENT
COMMENT
November 3, 2006
Funeral home and cemetery business. This will not be affected by the proposed legislation. Debt levels are a bit too high. Payout ratio is also too high.
Funeral home and cemetery business. This will not be affected by the proposed legislation. Debt levels are a bit too high. Payout ratio is also too high.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$7.700
Owned
No
COMMENT
COMMENT
September 8, 2006
Funeral homes across the US. Stable business. Recession proof. Foreign exchange risk. Manageable debt. If you are a bull on the US$, it would be a good stock to own.
Funeral homes across the US. Stable business. Recession proof. Foreign exchange risk. Manageable debt. If you are a bull on the US$, it would be a good stock to own.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$8.150
Owned
Yes
BUY
BUY
September 7, 2006
Funeral home operator. Operate out of 27 US states as well as in Ontario. More deaths are fuelling their growth, but attitudes to cremation have changed and % of cremations are expected to rise, which will squeeze margins. 12% yield. There is still growth here.
Funeral home operator. Operate out of 27 US states as well as in Ontario. More deaths are fuelling their growth, but attitudes to cremation have changed and % of cremations are expected to rise, which will squeeze margins. 12% yield. There is still growth here.
Jason Zandberg
Income Trust Analyst, Acumen Capital Finance Partners Ltd.
Price
$8.120
Owned
Unknown
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