Canadian Tire Corporation Ltd. (A) | StockChase
229
Canadian Tire Corporation Ltd. (A) (CTC.A-T)

Last Price Recorded: $163.6900 on 2017-12-15

ON STOCKCHASE SINCE Apr 2005

specialty stores
229
Canadian Tire Corporation Ltd. (A) (CTC.A-T)

Last Price Recorded: $163.6900 on 2017-12-15

ON STOCKCHASE SINCE Apr 2005

specialty stores

Canadian Tire Corporation Ltd. (A)


Signal Opinion Expert
COMMENT

The chart looks interesting. It’s above the 200-day and the 50-day. It really has been sideways for the last little while. (Leadership in retail has been Dollarama (DOL-T).) This has a 14X earnings with about a 10% growth rate, so you are looking at 1.3X earnings. To him this is neutral. He’s a little concerned about minimum wages moving higher which might hit. He is neutral on the name.

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The chart looks interesting. It’s above the 200-day and the 50-day. It really has been sideways for the last little while. (Leadership in retail has been Dollarama (DOL-T).) This has a 14X earnings with about a 10% growth rate, so you are looking at 1.3X earnings. To him this is neutral. He’s a little concerned about minimum wages moving higher which might hit. He is neutral on the name.

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Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$163.510
Owned Owned
No

COMMENT

Recently came out with earnings which were excellent. Seem to be delivering across all their business lines. The dividend increase of 40% was quite strong. They are trying to get all their different retail properties to work as one.Recently came out with earnings which were excellent. Seem to be delivering across all their business lines. The dividend increase of 40% was quite strong. They are trying to get all their different retail properties to work as one.

specialty stores

Recently came out with earnings which were excellent. Seem to be delivering across all their business lines. The dividend increase of 40% was quite strong. They are trying to get all their different retail properties to work as one.Recently came out with earnings which were excellent. Seem to be delivering across all their business lines. The dividend increase of 40% was quite strong. They are trying to get all their different retail properties to work as one.

specialty stores
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$162.350
Owned Owned
Unknown

HOLD

The line in the sand for him is $142. If it goes below that, there is something wrong with the story. There is some deeper support at around $130. The chart shows a really nice trend and he would stick with this.

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The line in the sand for him is $142. If it goes below that, there is something wrong with the story. There is some deeper support at around $130. The chart shows a really nice trend and he would stick with this.

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Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$162.370
Owned Owned
Unknown

DON'T BUY

(Market Call Minute)  It is operating well but it is two multiple turns more expensive than usual so he would not chase it here.

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(Market Call Minute)  It is operating well but it is two multiple turns more expensive than usual so he would not chase it here.

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Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$163.030
Owned Owned
Unknown

COMMENT

Not a big fan of retailers in general, and this isn’t a good entry point. A better choice would be CT Real Estate Investment Trust (CRT.UN-T), a nominal bond proxy, but you get a decent yield. Canadian Tire is their tenant.

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Not a big fan of retailers in general, and this isn’t a good entry point. A better choice would be CT Real Estate Investment Trust (CRT.UN-T), a nominal bond proxy, but you get a decent yield. Canadian Tire is their tenant.

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Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$162.910
Owned Owned
Unknown

COMMENT

He is wary about retail in general because of Amazon. However, you would think people would buy their tires in person rather than online. A lot of the stuff that you buy in stores could be bought through Amazon. Online retail is less than 10% of the market, but has had a dramatic effect, primarily on margins. He doesn’t think he would be buying this company.

specialty stores

He is wary about retail in general because of Amazon. However, you would think people would buy their tires in person rather than online. A lot of the stuff that you buy in stores could be bought through Amazon. Online retail is less than 10% of the market, but has had a dramatic effect, primarily on margins. He doesn’t think he would be buying this company.

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David Baskin

President, Baskin Wealth Manage...

PricePrice
$155.780
Owned Owned
No

COMMENT

Retail sales in Canada are extremely strong, and were up about 7.3% year-over-year as of June. This company is a direct play on that. This is vulnerable to the Amazon (AMZN-Q) impact, but that is down the road.

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Retail sales in Canada are extremely strong, and were up about 7.3% year-over-year as of June. This company is a direct play on that. This is vulnerable to the Amazon (AMZN-Q) impact, but that is down the road.

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Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$148.500
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick May 13/16. Up 10.81%.) There is no real reason for the recent pullback. He still likes it and it is cheap. 1.7% dividend yield is fairly light for being an established business. Trading at around 15X. Still buying for new clients.

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(A Top Pick May 13/16. Up 10.81%.) There is no real reason for the recent pullback. He still likes it and it is cheap. 1.7% dividend yield is fairly light for being an established business. Trading at around 15X. Still buying for new clients.

specialty stores
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$153.170
Owned Owned
Yes

COMMENT

A very Canadian company and there is nothing like it in the US. The outlook is probably a little bit more GDP growth. This is going to be the destination shop for most men who are looking for shovels, etc. Their ownership structure with the stores, where they have local ownership, is a big plus. Dividend yield of 1.1%.

specialty stores

A very Canadian company and there is nothing like it in the US. The outlook is probably a little bit more GDP growth. This is going to be the destination shop for most men who are looking for shovels, etc. Their ownership structure with the stores, where they have local ownership, is a big plus. Dividend yield of 1.1%.

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Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$141.770
Owned Owned
Unknown

BUY

This is a monument that will go on, and the recent drop is probably a buying opportunity for the long-term. He doesn’t know why exactly they haven’t got their e-commerce going, but many serious companies have failed when they try to get e-commerce together.

specialty stores

This is a monument that will go on, and the recent drop is probably a buying opportunity for the long-term. He doesn’t know why exactly they haven’t got their e-commerce going, but many serious companies have failed when they try to get e-commerce together.

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Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$143.550
Owned Owned
Unknown

HOLD

This has done a pretty good job. Earnings are growing and have created shareholder value since about 2010-2011, and have done it in the face of increasing competition. They are now navigating through this more difficult retail environment pretty skilfully.

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This has done a pretty good job. Earnings are growing and have created shareholder value since about 2010-2011, and have done it in the face of increasing competition. They are now navigating through this more difficult retail environment pretty skilfully.

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Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$142.730
Owned Owned
No

WEAK BUY

If he liked any retailer, this would be it, but he doesn’t.  They will become a player in ecommerce. 

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If he liked any retailer, this would be it, but he doesn’t.  They will become a player in ecommerce. 

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Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Manag...

PricePrice
$144.700
Owned Owned
No

COMMENT

He has no retail exposure in Canada, other than Loblaws (L-T), which has been challenged. He isn’t worried about a Canadian recession; however, doesn’t think there is very good, long term, secular growth underpinning a lot of Canadian retailers, including this one. There are headwinds, including increases in e-commerce penetration, which they have done a pretty good job of staving off. If consumption, household formation and homeownership starts to turn, that could have more of a negative impact on companies like this.

specialty stores

He has no retail exposure in Canada, other than Loblaws (L-T), which has been challenged. He isn’t worried about a Canadian recession; however, doesn’t think there is very good, long term, secular growth underpinning a lot of Canadian retailers, including this one. There are headwinds, including increases in e-commerce penetration, which they have done a pretty good job of staving off. If consumption, household formation and homeownership starts to turn, that could have more of a negative impact on companies like this.

specialty stores
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$147.180
Owned Owned
No

TOP PICK

Old and boring, but he likes old and boring when it comes to investing. Its share price has really outperformed, and a lot of that really comes down to management and how the business has been run. Although there has been some change with the CEO, it has really been change to go back to who was the CEO before. 63% of their business is Canadian Tire which has about 500 stores, 20% is the SGL Sports and about 15% is the Marks brand. Their business now is what they are going to do with their e-commerce platform. Dividend yield of 1.6%. (Analysts’ price target is $175.50.)

specialty stores

Old and boring, but he likes old and boring when it comes to investing. Its share price has really outperformed, and a lot of that really comes down to management and how the business has been run. Although there has been some change with the CEO, it has really been change to go back to who was the CEO before. 63% of their business is Canadian Tire which has about 500 stores, 20% is the SGL Sports and about 15% is the Marks brand. Their business now is what they are going to do with their e-commerce platform. Dividend yield of 1.6%. (Analysts’ price target is $175.50.)

specialty stores
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$166.040
Owned Owned
Yes

HOLD

A great Canadian success story. They’ve made some good acquisitions domestically, and has shown real ability to grow through this economic recession that we have seen in Alberta. In the last few quarters, they’ve really surprised analysts to the upside.

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A great Canadian success story. They’ve made some good acquisitions domestically, and has shown real ability to grow through this economic recession that we have seen in Alberta. In the last few quarters, they’ve really surprised analysts to the upside.

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Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Manag...

PricePrice
$160.000
Owned Owned
No

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