Canadian Tire Corporation Ltd. (A)

CTC.A-T

TSE:CTC.A

119.34
1.70 (1.45%)
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
WAIT
WAIT
August 16, 2018

He has not been a fan of the Canadian consumer space. The consumer space is problematic. If saw more of a pull back in the economy, trade and jobs, Canadian Tire might be interesting.

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He has not been a fan of the Canadian consumer space. The consumer space is problematic. If saw more of a pull back in the economy, trade and jobs, Canadian Tire might be interesting.

HOLD
HOLD
August 15, 2018

He does not own any Canadian retailers. He thinks it is actually one of Canada’s better retailers. The multiple is not particularly cheap and he personally favours purchasing on Amazon instead. He would continue to hold if you own it.

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He does not own any Canadian retailers. He thinks it is actually one of Canada’s better retailers. The multiple is not particularly cheap and he personally favours purchasing on Amazon instead. He would continue to hold if you own it.

DON'T BUY
DON'T BUY
August 14, 2018

This has been a big beneficiary of the rise of do-it-yourself consumers, like the big hardware stores. But at some point, the consumer gets tapped out. As interest rates move up and it is harder for people to service their mortgage, they will be less able to improve their houses. Canadian Tire has also made acquisitions of new products over the past year and it is unclear how those will work out. It’s a great name and a great company but its valuation is too high and its market might shrink soon.

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This has been a big beneficiary of the rise of do-it-yourself consumers, like the big hardware stores. But at some point, the consumer gets tapped out. As interest rates move up and it is harder for people to service their mortgage, they will be less able to improve their houses. Canadian Tire has also made acquisitions of new products over the past year and it is unclear how those will work out. It’s a great name and a great company but its valuation is too high and its market might shrink soon.

COMMENT
COMMENT
August 10, 2018

Dollarama vs Canadian Tire. He used to own Dollarama (DOL-T) and believes the growth will flatten out. He owns Canadian Tire (CTC.A-T) and the recent earnings surprise is not too worrisome to him. He thinks the CTC.A-T model to roll out directly to in-home sales will take time and does not believe the stock will go down much lower from here. Overall, he thinks it is a better valuation than DOL-T.

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Dollarama vs Canadian Tire. He used to own Dollarama (DOL-T) and believes the growth will flatten out. He owns Canadian Tire (CTC.A-T) and the recent earnings surprise is not too worrisome to him. He thinks the CTC.A-T model to roll out directly to in-home sales will take time and does not believe the stock will go down much lower from here. Overall, he thinks it is a better valuation than DOL-T.

HOLD
HOLD
August 9, 2018

It is a household name. It has had a good run over the last 5 to 8 years. Is it AMZN-Q proof? Some areas but not all areas of the business are. It has held in well compared to other retail names. A slight miss on earnings due to weather. it is not an area where he wants to go in Canada. If it kept moving down it could become more attractive. You will never get too beat up on it. They are rolling out a new rewards program and updating some of their stores.

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It is a household name. It has had a good run over the last 5 to 8 years. Is it AMZN-Q proof? Some areas but not all areas of the business are. It has held in well compared to other retail names. A slight miss on earnings due to weather. it is not an area where he wants to go in Canada. If it kept moving down it could become more attractive. You will never get too beat up on it. They are rolling out a new rewards program and updating some of their stores.

DON'T BUY
DON'T BUY
August 8, 2018

This has been a decent performer. They are a domestic retailer. Mark’s Work Warehouse has worked well for them. Canadian retail is pretty competitive so she is not compelled to buy this one.

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This has been a decent performer. They are a domestic retailer. Mark’s Work Warehouse has worked well for them. Canadian retail is pretty competitive so she is not compelled to buy this one.

DON'T BUY
DON'T BUY
August 8, 2018

This has been a decent performer. They are a domestic retailer. Mark’s Work Warehouse has worked well for them. Canadian retail is pretty competitive so she is not compelled to buy this one.

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This has been a decent performer. They are a domestic retailer. Mark’s Work Warehouse has worked well for them. Canadian retail is pretty competitive so she is not compelled to buy this one.

PAST TOP PICK
PAST TOP PICK
July 26, 2018

(A Top Pick May 03'17, Up 9%) It does not get talked about as much as it should. Strong balance sheet. The acquisition caused a bit of a pull back and created a buying opportunity. He is continuing to buy it for new clients. There is lots of upside potential from here.

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(A Top Pick May 03'17, Up 9%) It does not get talked about as much as it should. Strong balance sheet. The acquisition caused a bit of a pull back and created a buying opportunity. He is continuing to buy it for new clients. There is lots of upside potential from here.

COMMENT
COMMENT
July 24, 2018

Comparing Canadian Tire (CTC/A-T) and Dollarama (DOL-T). He sees Dollarama as the one you throw in a box and look at it 3 years later. The stock is expensive, but it continues to show 11% sales growth and 12% earnings growth. They have more room to grow in Canada and their international division provides further significant growth opportunity. Over a long-term time frame, he expects Dollarama to do quite well.

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Comparing Canadian Tire (CTC/A-T) and Dollarama (DOL-T). He sees Dollarama as the one you throw in a box and look at it 3 years later. The stock is expensive, but it continues to show 11% sales growth and 12% earnings growth. They have more room to grow in Canada and their international division provides further significant growth opportunity. Over a long-term time frame, he expects Dollarama to do quite well.

DON'T BUY
DON'T BUY
July 23, 2018

CP-T vs. CTC.A-T. CP-T is not as cheap as it used to be. The rails in general are benefiting from a strong North American economy. They have pricing power. It is a great business. CTC.A-T is basically only exposed to a Canadian consumer. He would be cautious on this one.

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CP-T vs. CTC.A-T. CP-T is not as cheap as it used to be. The rails in general are benefiting from a strong North American economy. They have pricing power. It is a great business. CTC.A-T is basically only exposed to a Canadian consumer. He would be cautious on this one.

BUY
BUY
June 28, 2018

It used to be single digits returns but former management has made it better recently. It is trading below its 5 year PE multiple. He is pretty comfortable owning this one.

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It used to be single digits returns but former management has made it better recently. It is trading below its 5 year PE multiple. He is pretty comfortable owning this one.

BUY
BUY
June 22, 2018

A name that you don’t want to be negative on. Keeps on going. It is trading at 15.6 times earnings. Growth of 10%. A fine name. Going to do OK.

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A name that you don’t want to be negative on. Keeps on going. It is trading at 15.6 times earnings. Growth of 10%. A fine name. Going to do OK.

BUY
BUY
June 5, 2018

This has a unique position in Canadian industry. They are retail and financial services. This is a tough space but they seem to be weathering the storm. It’s well managed.

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This has a unique position in Canadian industry. They are retail and financial services. This is a tough space but they seem to be weathering the storm. It’s well managed.

TOP PICK
TOP PICK
May 17, 2018

They want to make an acquisition that perturbs the market. It is a big price tag. It is a 20 times purchase price. You have to give them credit for being able to execute. They have done a lot of good acquisitions since 2016. He feels this pull back is a great buying opportunity. (Analysts’ target: $186.64).

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They want to make an acquisition that perturbs the market. It is a big price tag. It is a 20 times purchase price. You have to give them credit for being able to execute. They have done a lot of good acquisitions since 2016. He feels this pull back is a great buying opportunity. (Analysts’ target: $186.64).

HOLD
HOLD
May 11, 2018

Had there been 4 top picks this would have been the fourth. He really likes it. They bought Conoco assets last year. The street didn’t like the deal and lost confidence in Management. They have new Management now with a new CEO that is on the path of right-sizing the company and its balance sheet. It is looking really well now, particularly if we go to a 80 – 90 dollars barrel of oil.

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Had there been 4 top picks this would have been the fourth. He really likes it. They bought Conoco assets last year. The street didn’t like the deal and lost confidence in Management. They have new Management now with a new CEO that is on the path of right-sizing the company and its balance sheet. It is looking really well now, particularly if we go to a 80 – 90 dollars barrel of oil.

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