Connors Bros. Income Fund (CBF.UN-T) Stock Predictions - Stockchase
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Connors Bros. Income Fund (CBF.UN-T)

ON STOCKCHASE SINCE Dec 2001

largest mnfctr/seller of sardines in North America

investment companies/funds

Connors Bros. Income Fund

CBF.UN-T

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Connors Bros. Income Fund (CBF.UN-T) SAVE Dec, 31, 1969, 7:00 pm

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What the experts are saying about CBF.UN-T



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SELL
(Market Call Minute.) Have had difficulty with making acquisitions in the US outside of their sardine business.
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(Market Call Minute.) Have had difficulty with making acquisitions in the US outside of their sardine business.
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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$7.540
Owned Owned
No

DON'T BUY
There are quite a few things in play with this trust. Had a recall that forced them to shut down production and for a longer period than expected. There are some headwinds that food, tin manufacturers will be facing. Steel and tin prices are continuing to move higher. Also expecting protein prices to move higher. There are better places to go.
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There are quite a few things in play with this trust. Had a recall that forced them to shut down production and for a longer period than expected. There are some headwinds that food, tin manufacturers will be facing. Steel and tin prices are continuing to move higher. Also expecting protein prices to move higher. There are better places to go.
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Ben Cheng

President , Aston Hill Financial...

Price Price
$7.390
Owned Owned
No

SELL
Will have to get their fiscal house in order before they can go back to the prior distribution level. There are facing increases in commodity prices. Will possibly take another year or so before they can realistically raise distributions.
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Will have to get their fiscal house in order before they can go back to the prior distribution level. There are facing increases in commodity prices. Will possibly take another year or so before they can realistically raise distributions.
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Bill Shaw

Partner & , Exponent Investment ...

Price Price
$7.000
Owned Owned
No

DON'T BUY
Distribution story has been a long-term issue. Have had to cut them several times. It took too much debt onto its balance sheet. Income trusts have to have very conservative balance sheets.
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Distribution story has been a long-term issue. Have had to cut them several times. It took too much debt onto its balance sheet. Income trusts have to have very conservative balance sheets.
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Andrew Guy, CFA

Portfolio , Sentry Select Capita...

Price Price
$7.400
Owned Owned
Unknown

COMMENT
His partner bought into this, but not attractive enough for him. If they get their house in order, there will be better distributions going forward. He couldn't see that the upside was attractive enough.
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His partner bought into this, but not attractive enough for him. If they get their house in order, there will be better distributions going forward. He couldn't see that the upside was attractive enough.
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Benj Gallander

President, Contra the Heard Inv...

Price Price
$7.520
Owned Owned
No

SELL
Too early to go into this one yet. Management did a great job. Very proactive in recalling the tainted product (only a small portion of their business). Had to shut down a plant and not sure when that will reopen. Also have cost pressures in their core business of tuna and sardines.
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Too early to go into this one yet. Management did a great job. Very proactive in recalling the tainted product (only a small portion of their business). Had to shut down a plant and not sure when that will reopen. Also have cost pressures in their core business of tuna and sardines.
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Andrew Guy, CFA

Portfolio , Sentry Select Capita...

Price Price
$10.000
Owned Owned
No

SELL
Has been subject to a recall because of botulism, but this will only affect a small part of their business. However, this could be a growing problem.
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Has been subject to a recall because of botulism, but this will only affect a small part of their business. However, this could be a growing problem.
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Leslie Lundquis

Lead Manag, Jones Heward Investm...

Price Price
$10.100
Owned Owned
No

BUY
Had some difficulties, but has proven to be a well managed company. Attractively priced. Well financed, so distributions are not threatened. 11.9% yield.
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Had some difficulties, but has proven to be a well managed company. Attractively priced. Well financed, so distributions are not threatened. 11.9% yield.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$11.300
Owned Owned
No

BUY
The distribution is fairly safe at this time. Has gone through some transitions over the last couple of years. Herring to Tuna. Management is consistent, and financials are consistent. Feels the price of the product will increase to cover the cost of transporting goods.
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The distribution is fairly safe at this time. Has gone through some transitions over the last couple of years. Herring to Tuna. Management is consistent, and financials are consistent. Feels the price of the product will increase to cover the cost of transporting goods.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$11.040
Owned Owned
Unknown

DON'T BUY
Payout is in Cdn$ and most of its earnings are in US$’s. Also have been hurt by rising energy prices. Have improved profit margins by more efficient processes, but will be difficult going forward.
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Payout is in Cdn$ and most of its earnings are in US$’s. Also have been hurt by rising energy prices. Have improved profit margins by more efficient processes, but will be difficult going forward.
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Ben Cheng

President , Aston Hill Financial...

Price Price
$11.200
Owned Owned
Unknown

HOLD
Have brought a lot of their problems under control. Brought their debt down. Consolidated to take the costs out of the system. Will be slow money over the next little while. Distribution is safe.
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Have brought a lot of their problems under control. Brought their debt down. Consolidated to take the costs out of the system. Will be slow money over the next little while. Distribution is safe.
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Andrew Guy, CFA

Portfolio , Sentry Select Capita...

Price Price
$11.370
Owned Owned
Unknown

COMMENT
Management really wants to grow the company. Very good stable cash flow business.
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Management really wants to grow the company. Very good stable cash flow business.
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Sandy McIntyre

Vice-Chair, Sentry Select Capita...

Price Price
$11.860
Owned Owned
Unknown

HOLD
Probably one of the better run income trusts. Wouldn't be concerned about their distribution.
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Probably one of the better run income trusts. Wouldn't be concerned about their distribution.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$11.650
Owned Owned
Unknown

WEAK BUY
Volumes were down, but made up for it with increases in price. Good earnings revenue. Making progress in reducing their payout ratio of about 93% as well as reducing debt. Debt levels are too high for him.
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Volumes were down, but made up for it with increases in price. Good earnings revenue. Making progress in reducing their payout ratio of about 93% as well as reducing debt. Debt levels are too high for him.
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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$11.640
Owned Owned
No

BUY
Extremely well run. Well diversified. Expect them to be a fairly steady performer over the long run.
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Extremely well run. Well diversified. Expect them to be a fairly steady performer over the long run.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$11.380
Owned Owned
Unknown

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