Canadian Tire Corporation Ltd. (A)

CTC.A-T

TSE:CTC.A

129.52
0.30 (0.23%)
Canadian Tire Corporation, Limited is a Canadian retail company which sells a wide range of automotive, hardware, sports and leisure, and home products. Some stores also sell toys and food products.
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Analysis and Opinions about CTC.A-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 11, 2019
Voting share divergence? Split share structures can go wrong sometimes. The A shares, gives the founders a larger voting right. This could be an example of an activist voting issue. The CTC shares hardly trade -- only 200 shares a day approximately.
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Voting share divergence? Split share structures can go wrong sometimes. The A shares, gives the founders a larger voting right. This could be an example of an activist voting issue. The CTC shares hardly trade -- only 200 shares a day approximately.
DON'T BUY
DON'T BUY
December 10, 2019
It's been under pressure, partially from a US short-seller, alleging CTA's weak online selling platform. He doesn't know if this is true, but CTA has taken on more debt to make acquisitions. They have a lot of oars in the water. Its valuation is cheap, though. Retail is full of landmines, like CTC's financing/lending arm. Yes, CTC has holes in its online strategies and is unable to migrate to newer markets.
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It's been under pressure, partially from a US short-seller, alleging CTA's weak online selling platform. He doesn't know if this is true, but CTA has taken on more debt to make acquisitions. They have a lot of oars in the water. Its valuation is cheap, though. Retail is full of landmines, like CTC's financing/lending arm. Yes, CTC has holes in its online strategies and is unable to migrate to newer markets.
SELL STRENGTH
SELL STRENGTH
November 18, 2019
There is only so much they can do with their retail model. He has been waiting to lighten up for his clients that have this. You are looking at continuing tough competition.
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There is only so much they can do with their retail model. He has been waiting to lighten up for his clients that have this. You are looking at continuing tough competition.
BUY
BUY
November 6, 2019
Down 10% today Amazon has not a substantial impact on the bigger box stores yet -- Canadian Tire included. The stores remain busy. Consider them as trading opportunities. The fourth quarter is usually a good earnings time. If you can buy it today at a discount you should.
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Down 10% today Amazon has not a substantial impact on the bigger box stores yet -- Canadian Tire included. The stores remain busy. Consider them as trading opportunities. The fourth quarter is usually a good earnings time. If you can buy it today at a discount you should.
COMMENT
COMMENT
October 18, 2019

CTC.A vs CRT.UN? CRT.UN has had a nice upward breakout recently which is very positive -- you may have missed the upside move on this one. CTC.A-T has been in a choppy trading cycle since last December. It now seems to be showing some relative strength to the S&P Index. He would stick with CTC.A-T.

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CTC.A vs CRT.UN? CRT.UN has had a nice upward breakout recently which is very positive -- you may have missed the upside move on this one. CTC.A-T has been in a choppy trading cycle since last December. It now seems to be showing some relative strength to the S&P Index. He would stick with CTC.A-T.

COMMENT
COMMENT
September 24, 2019

After 30 years in the business he notices that CTC has been the most consistently retailer--but too expensive. He's a value player. CTC has survived the Amazon onslaught, but it has slumped this past year given the Amazon effect. CTC has a great balance sheet and fine inventory control. They have the heart of Canadians. They will continue to do well, but the retail sector is tough now.

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After 30 years in the business he notices that CTC has been the most consistently retailer--but too expensive. He's a value player. CTC has survived the Amazon onslaught, but it has slumped this past year given the Amazon effect. CTC has a great balance sheet and fine inventory control. They have the heart of Canadians. They will continue to do well, but the retail sector is tough now.

WAIT
WAIT
September 20, 2019
The store seems empty to him where he lives. The Party acquisition has been dilutive, which does not help things. He does not own any retail at this time as he thinks soft economic growth will continue. He thinks we are 24 months away for a strong economic boost to incent him back into this one.
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The store seems empty to him where he lives. The Party acquisition has been dilutive, which does not help things. He does not own any retail at this time as he thinks soft economic growth will continue. He thinks we are 24 months away for a strong economic boost to incent him back into this one.
COMMENT
COMMENT
September 5, 2019

Easy to short a stock that's already been beaten up. Nothing in the numbers says they're having trouble. Last quarter wasn't great. Retail is tough. Looks cheap, buying back stock, trying for 10% EPS growth this year. He doesn't like retail against Amazon, which he owns. Could be a trade.

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Easy to short a stock that's already been beaten up. Nothing in the numbers says they're having trouble. Last quarter wasn't great. Retail is tough. Looks cheap, buying back stock, trying for 10% EPS growth this year. He doesn't like retail against Amazon, which he owns. Could be a trade.

PARTIAL SELL
PARTIAL SELL
September 3, 2019
Worried about some investors shorting CTC. The credit card arm may worry some given high Canadan debt level. Also, CTC stock is expensive now. Canadian consumer confidence report today wasn't great. But shorting this is too aggressive.
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Worried about some investors shorting CTC. The credit card arm may worry some given high Canadan debt level. Also, CTC stock is expensive now. Canadian consumer confidence report today wasn't great. But shorting this is too aggressive.
COMMENT
COMMENT
August 23, 2019
There is a lot of short-term noise. Must look at the retail industry and evaluate risk. They have done a good job at protecting their customer base and they are starting to enter into the online space. The sell-off is probably over done.
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There is a lot of short-term noise. Must look at the retail industry and evaluate risk. They have done a good job at protecting their customer base and they are starting to enter into the online space. The sell-off is probably over done.
DON'T BUY
DON'T BUY
August 23, 2019

It's looking a bit expensive. However, they have fantastic urban locations. The real estate itself is worth a lot. They haven't done anything different recently and Amazon is a big competitor. In danger of some market erosion. Right now it's around 15x multiple. Maybe should be around 10 times, so it could go down 30% from where they are right now.

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It's looking a bit expensive. However, they have fantastic urban locations. The real estate itself is worth a lot. They haven't done anything different recently and Amazon is a big competitor. In danger of some market erosion. Right now it's around 15x multiple. Maybe should be around 10 times, so it could go down 30% from where they are right now.

DON'T BUY
DON'T BUY
July 25, 2019
Stay away. Retail is tough. At this stage of the cycle, a lot of things they sell are discretionary. If the cycle turns down, he wants to be in something more defensive. Longer term, you have to figure out how they can grow. Domestically constrained, and competition is increasing.
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Stay away. Retail is tough. At this stage of the cycle, a lot of things they sell are discretionary. If the cycle turns down, he wants to be in something more defensive. Longer term, you have to figure out how they can grow. Domestically constrained, and competition is increasing.
DON'T BUY
DON'T BUY
July 3, 2019
The problem he sees is that they are catering to people who are financially stressed. Their main target is homeowners who have repairs to make that are financially stretched. That group does not have the money to acquire things like the company needs them to. For now, it look vulnerable to him. He has not used their online system to make purchases, but is not convinced it is doing that great.
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The problem he sees is that they are catering to people who are financially stressed. Their main target is homeowners who have repairs to make that are financially stretched. That group does not have the money to acquire things like the company needs them to. For now, it look vulnerable to him. He has not used their online system to make purchases, but is not convinced it is doing that great.
DON'T BUY
DON'T BUY
June 14, 2019
$137.22 is his model price, bang-on the current level. It's had a nice pullback, but this will be roadkill during a recession. He's lukewarm. Look at this at $110.
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$137.22 is his model price, bang-on the current level. It's had a nice pullback, but this will be roadkill during a recession. He's lukewarm. Look at this at $110.
WAIT
WAIT
June 14, 2019

It's mid-valuation. Nothing that exciting about it. Big fear was Amazon. Seems as though CTC is very special and hasn't been displaced by Amazon. Special niche, great franchise.

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It's mid-valuation. Nothing that exciting about it. Big fear was Amazon. Seems as though CTC is very special and hasn't been displaced by Amazon. Special niche, great franchise.

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