K-Bro Linen Inc | StockChase
44
K-Bro Linen Inc (KBL-T)

Last Price Recorded: $42.7200 on 2017-12-15

ON STOCKCHASE SINCE Jan 2006

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44
K-Bro Linen Inc (KBL-T)

Last Price Recorded: $42.7200 on 2017-12-15

ON STOCKCHASE SINCE Jan 2006

other services

K-Bro Linen Inc


Signal Opinion Expert
COMMENT
K-Bro Linen Inc(KBL-T) 

December 15, 2017

There is a lot of weird trading at year-end. You have portfolio managers changing, Short covering, sector reallocation and tax loss selling. He would bet this company’s problem is year-end positioning. A nice solid company. Wouldn't put it in the high growth category. If markets are going to go on a tear, this will underperform. If the market does go down, you are going to be glad you owned it. They sign 10-year facility contracts with their customers.

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There is a lot of weird trading at year-end. You have portfolio managers changing, Short covering, sector reallocation and tax loss selling. He would bet this company’s problem is year-end positioning. A nice solid company. Wouldn't put it in the high growth category. If markets are going to go on a tear, this will underperform. If the market does go down, you are going to be glad you owned it. They sign 10-year facility contracts with their customers.

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Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$42.720
Owned Owned
Unknown

COMMENT
K-Bro Linen Inc(KBL-T) 

December 13, 2017

This has been moving up significantly. Doesn't know if they have new contracts, but over the last few years, they’ve gained a lot of market share in the markets they are in. A smaller company, but extremely well-managed.

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This has been moving up significantly. Doesn't know if they have new contracts, but over the last few years, they’ve gained a lot of market share in the markets they are in. A smaller company, but extremely well-managed.

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Michael Sprung

President, Sprung Investment Ma...

PricePrice
$42.500
Owned Owned
No

COMMENT
K-Bro Linen Inc(KBL-T) 

December 4, 2017

Chart shows this has come back to the base of about $40, which was a break out in 2014. If it can get above the last trend line, that would be pretty positive.

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Chart shows this has come back to the base of about $40, which was a break out in 2014. If it can get above the last trend line, that would be pretty positive.

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Hap (Robert) Sneddon FCSI

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

PricePrice
$40.270
Owned Owned
Unknown

HOLD
K-Bro Linen Inc(KBL-T) 

October 19, 2017

This is a boring stock.  They wash linins for hospitals and industrial.  They have long term contracts and definitely are a safety company.  It will not get killed to badly with interest rates. 

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This is a boring stock.  They wash linins for hospitals and industrial.  They have long term contracts and definitely are a safety company.  It will not get killed to badly with interest rates. 

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Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$38.550
Owned Owned
Unknown

HOLD
K-Bro Linen Inc(KBL-T) 

October 4, 2017

A very steady business. Just built a new plant in Toronto. There is a potential for them to make an acquisition or to build a plant in Vancouver. His concern is that when they have built plants in the past, it’s taken time to fill the capacity of them. He is cautious. On top of that it has always been pricey as a stock. Hard to see where the upside is in terms of valuation. Dividend yield of 3.1%.

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A very steady business. Just built a new plant in Toronto. There is a potential for them to make an acquisition or to build a plant in Vancouver. His concern is that when they have built plants in the past, it’s taken time to fill the capacity of them. He is cautious. On top of that it has always been pricey as a stock. Hard to see where the upside is in terms of valuation. Dividend yield of 3.1%.

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Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$38.900
Owned Owned
No

BUY
K-Bro Linen Inc(KBL-T) 

September 25, 2017

It is not interest rate sensitive.  There are big moats around the business.  They are modernizing several of their plants and can increase their margins going forward.  It is in a consolidation phase as new plants come online.  You will have to wait a few quarters if you get in.

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It is not interest rate sensitive.  There are big moats around the business.  They are modernizing several of their plants and can increase their margins going forward.  It is in a consolidation phase as new plants come online.  You will have to wait a few quarters if you get in.

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$38.990
Owned Owned
Unknown

BUY
K-Bro Linen Inc(KBL-T) 

July 27, 2017

They have done a really great job of consolidating the industry in Canada.  It is expensive to add new capacity.  He would be adding to the position.  It is a defensive and conservative position.  They could increase their dividend.

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They have done a really great job of consolidating the industry in Canada.  It is expensive to add new capacity.  He would be adding to the position.  It is a defensive and conservative position.  They could increase their dividend.

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Andrey Omelchak

President & CIO, LionGuard Capital Ma...

PricePrice
$40.290
Owned Owned
Unknown

WATCH
K-Bro Linen Inc(KBL-T) 

July 24, 2017

He looks at peaks and troughs, and the chart looks like it may be basing. You want to see it break the lid of basing of around $44.

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He looks at peaks and troughs, and the chart looks like it may be basing. You want to see it break the lid of basing of around $44.

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Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$39.610
Owned Owned
Unknown

DON'T BUY
K-Bro Linen Inc(KBL-T) 

July 14, 2017

Earnings estimates were $1.59 for 2016, and dropped to $1.14 for 2017, and then goes to $1.39 for 2018. There is reasonable year-over-year growth from 2016 of 12%. It ranks 308 out of 720 stocks in his model. On a near term basis, year-over-year cash flow has declined by 16%, and year-over-year earnings growth is -12%. The upcoming quarter is even worse at -16%. Dividend yield of 3%. He would look elsewhere.

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Earnings estimates were $1.59 for 2016, and dropped to $1.14 for 2017, and then goes to $1.39 for 2018. There is reasonable year-over-year growth from 2016 of 12%. It ranks 308 out of 720 stocks in his model. On a near term basis, year-over-year cash flow has declined by 16%, and year-over-year earnings growth is -12%. The upcoming quarter is even worse at -16%. Dividend yield of 3%. He would look elsewhere.

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Robert McWhirter

President, Selective Asset Mana...

PricePrice
$39.950
Owned Owned
Unknown

COMMENT
K-Bro Linen Inc(KBL-T) 

June 30, 2017

Some indicators are starting to turn up, which is pretty positive. Short-term, it is going to have a little trouble getting through the $41 level, before there is more acceleration. It could then get a push up to around $45.

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Some indicators are starting to turn up, which is pretty positive. Short-term, it is going to have a little trouble getting through the $41 level, before there is more acceleration. It could then get a push up to around $45.

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Hap (Robert) Sneddon FCSI

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

PricePrice
$40.500
Owned Owned
Unknown

TOP PICK
K-Bro Linen Inc(KBL-T) 

June 26, 2017

Canadian leader in linen services to hotels and hospitals.  There are high barriers to entry into the industry and they have limited competition.  It is a duopoly in Canada.  They have high margins and good cash flow.  It has pulled back in the last year because they are in a large cap-x program.  It is better valued now considering the future benefit of the cap-x program.  Demographics are behind them.  They have long term contracts with very high renewal rates.  (Analysts’ target: $43.50).

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Canadian leader in linen services to hotels and hospitals.  There are high barriers to entry into the industry and they have limited competition.  It is a duopoly in Canada.  They have high margins and good cash flow.  It has pulled back in the last year because they are in a large cap-x program.  It is better valued now considering the future benefit of the cap-x program.  Demographics are behind them.  They have long term contracts with very high renewal rates.  (Analysts’ target: $43.50).

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$39.460
Owned Owned
Yes

PAST TOP PICK
K-Bro Linen Inc(KBL-T) 

May 31, 2017

(A Top Pick May 4/16. Down 3%.) They are doing everything that a good, long term business owner would do. Reinvesting in some of their plants and winning new contracts. Have had to build new facilities in Vancouver and Toronto. Extremely well-run. He is still buying on weakness.

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(A Top Pick May 4/16. Down 3%.) They are doing everything that a good, long term business owner would do. Reinvesting in some of their plants and winning new contracts. Have had to build new facilities in Vancouver and Toronto. Extremely well-run. He is still buying on weakness.

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Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$38.750
Owned Owned
Yes

HOLD
K-Bro Linen Inc(KBL-T) 

September 30, 2016

Laundry services for hospitals, hotels, institutions. There have been some pretty lacklustre quarters recently as competition is increasing. The company is adding plants throughout Ontario to add to their logistical efficiencies, giving lower costs. You will have to hold for another year to get a leg up, but in the meantime, the 3% dividend is nice.

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Laundry services for hospitals, hotels, institutions. There have been some pretty lacklustre quarters recently as competition is increasing. The company is adding plants throughout Ontario to add to their logistical efficiencies, giving lower costs. You will have to hold for another year to get a leg up, but in the meantime, the 3% dividend is nice.

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Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$41.060
Owned Owned
Unknown

WEAK BUY
K-Bro Linen Inc(KBL-T) 

September 22, 2016

Laundry company for hospitals.  He regrets not going after it.  The contracts are long term and get renewed automatically.  He may start looking at it again.  It is very chunky in terms of contracts.  Don’t expect huge organic growth.

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Laundry company for hospitals.  He regrets not going after it.  The contracts are long term and get renewed automatically.  He may start looking at it again.  It is very chunky in terms of contracts.  Don’t expect huge organic growth.

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$43.250
Owned Owned
Unknown

BUY

This company is planning for 10 years, not just one quarter. They are shifting operations to more efficient facilities. That causes disruptions and causes uncertain earnings while they make that shift. But when they make that shift, it is by far the right move to make, and their margins go up. There were 2 new contracts that they didn’t win this year, and the stock took a pretty big hit. The stock has gone way down and he thinks it is very attractive. They sign 10, 20 year contracts, and the new facilities will kick in and improve margins over time.

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This company is planning for 10 years, not just one quarter. They are shifting operations to more efficient facilities. That causes disruptions and causes uncertain earnings while they make that shift. But when they make that shift, it is by far the right move to make, and their margins go up. There were 2 new contracts that they didn’t win this year, and the stock took a pretty big hit. The stock has gone way down and he thinks it is very attractive. They sign 10, 20 year contracts, and the new facilities will kick in and improve margins over time.

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Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$42.430
Owned Owned
Unknown

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