ZCL Composites Inc. | StockChase
54
ZCL Composites Inc. (ZCL-T)

Last Price Recorded: $11.1600 on 2018-01-16

ON STOCKCHASE SINCE Nov 2006

Manufactures underground fiberglass tank systems

misc industrial products
54
ZCL Composites Inc. (ZCL-T)

Last Price Recorded: $11.1600 on 2018-01-16

ON STOCKCHASE SINCE Nov 2006

Manufactures underground fiberglass tank systems

misc industrial products

ZCL Composites Inc.


Signal Opinion Expert
SELL
ZCL Composites Inc.(ZCL-T) 

January 2, 2018

Fluid storage tanks for the oil sector. Fundamentally, the balance sheet looks pretty good. However, they recently had a quarter that wasn't good. They missed their targets. Their revenue outlook didn't have much positive going on. Also, the CEO is retiring. He doesn't see a whole lot to like in the short and medium term. He would move on from this stock and return when the outlook improves.

misc industrial products

Fluid storage tanks for the oil sector. Fundamentally, the balance sheet looks pretty good. However, they recently had a quarter that wasn't good. They missed their targets. Their revenue outlook didn't have much positive going on. Also, the CEO is retiring. He doesn't see a whole lot to like in the short and medium term. He would move on from this stock and return when the outlook improves.

misc industrial products
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$11.000
Owned Owned
Unknown

PAST TOP PICK
ZCL Composites Inc.(ZCL-T) 

December 15, 2017

(A Top Pick March 27/17. Down 17%.) They've had a problematic time hitting their earnings estimates, and investors have been really, really frustrated about the lack of growth. This year, they had a bad 1st half and said things would be better in the 2nd half. It started to get better, and then rolled over again. A nice little company, but they do need better execution, and he would like to see better growth going forward. Has a nice market share and a good product and good customers. They just need a bit better performance in terms of consistency.

misc industrial products

(A Top Pick March 27/17. Down 17%.) They've had a problematic time hitting their earnings estimates, and investors have been really, really frustrated about the lack of growth. This year, they had a bad 1st half and said things would be better in the 2nd half. It started to get better, and then rolled over again. A nice little company, but they do need better execution, and he would like to see better growth going forward. Has a nice market share and a good product and good customers. They just need a bit better performance in terms of consistency.

misc industrial products
Peter Hodson

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

PricePrice
$10.980
Owned Owned
No

PAST TOP PICK
ZCL Composites Inc.(ZCL-T) 

September 29, 2017

(A Top Pick Oct 19/16. Up 29%.) Underground gas tanks for gas stations, as well as water tanks. They have a nonpolluting, environmentally friendly substance, which can be monitored. Still a Buy.

misc industrial products

(A Top Pick Oct 19/16. Up 29%.) Underground gas tanks for gas stations, as well as water tanks. They have a nonpolluting, environmentally friendly substance, which can be monitored. Still a Buy.

misc industrial products
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$12.730
Owned Owned
Yes

WAIT

This reports earnings on  Aug 3rd, so suggests that you wait for the earnings report. Very shareholder friendly. They’ve been solid capital allocators. Have been buying back shares and giving substantial dividend increases. A lot of gasoline storage tanks are being replaced, and they are benefiting from this rising tide. A name that he likes and it is not that expensive.

misc industrial products

This reports earnings on  Aug 3rd, so suggests that you wait for the earnings report. Very shareholder friendly. They’ve been solid capital allocators. Have been buying back shares and giving substantial dividend increases. A lot of gasoline storage tanks are being replaced, and they are benefiting from this rising tide. A name that he likes and it is not that expensive.

misc industrial products
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$13.340
Owned Owned
Unknown

PAST TOP PICK

(Top Pick Apr 8/16, total return up 95.93%) Most people thought of it as being purely in the energy space because of plastic fuel tanks.  It is plastics and packaging.  He has other packaging companies now.  There are so few great Canadian stocks to own that this one got away with itself.  He feels it went too far too fast.

misc industrial products

(Top Pick Apr 8/16, total return up 95.93%) Most people thought of it as being purely in the energy space because of plastic fuel tanks.  It is plastics and packaging.  He has other packaging companies now.  There are so few great Canadian stocks to own that this one got away with itself.  He feels it went too far too fast.

misc industrial products
Brendan Caldwell

President, Caldwell Securities...

PricePrice
$13.480
Owned Owned
No

TOP PICK

A long strategy. Fiber gas tanks. He thinks they still beat their street target.  (Analysts’ target: $14.50).

misc industrial products

A long strategy. Fiber gas tanks. He thinks they still beat their street target.  (Analysts’ target: $14.50).

misc industrial products
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$13.500
Owned Owned
Yes

PAST TOP PICK

(A Top Pick July 5/16. Up 61.9%.) A manufacturer of fiberglass tanks that are largely used at retail gas stations around North America. The company generates a lot of free cash flow. Has a very good moat around the business because of their commanding market share of about 60%. They keep paying special dividends.

misc industrial products

(A Top Pick July 5/16. Up 61.9%.) A manufacturer of fiberglass tanks that are largely used at retail gas stations around North America. The company generates a lot of free cash flow. Has a very good moat around the business because of their commanding market share of about 60%. They keep paying special dividends.

misc industrial products
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$12.860
Owned Owned
Yes

COMMENT

Makes composite tanks for all sorts of industrial uses. Paid a special dividend this year and the stock ramped up until they reported their 1st earnings, which was not very exciting. They have no debt. He wouldn’t expect a whole lot of dividend hikes after their very big dividend increase. The outlook is better than their 1st quarter. The backlog is decent. He likes management. The stock is very viable. Dividend yield of 3.8%.

misc industrial products

Makes composite tanks for all sorts of industrial uses. Paid a special dividend this year and the stock ramped up until they reported their 1st earnings, which was not very exciting. They have no debt. He wouldn’t expect a whole lot of dividend hikes after their very big dividend increase. The outlook is better than their 1st quarter. The backlog is decent. He likes management. The stock is very viable. Dividend yield of 3.8%.

misc industrial products
Peter Hodson

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

PricePrice
$12.720
Owned Owned
Unknown

COMMENT

He likes the business model which makes a lot of sense. They make composite carbon fibre tanks that are replacements in gas stations for existing metal tanks. A nice growth business with a clear profile to it. It has had a great run. He will be meeting with management in the near term.

misc industrial products

He likes the business model which makes a lot of sense. They make composite carbon fibre tanks that are replacements in gas stations for existing metal tanks. A nice growth business with a clear profile to it. It has had a great run. He will be meeting with management in the near term.

misc industrial products
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$12.970
Owned Owned
No

COMMENT

The largest North American manufacturer of fiberglass underground fuel tanks for gas stations. A huge free cash flow generator. They just paid another special dividend after reporting Q4 numbers, as well as raising their common dividend again. They effectively generate more cash than they really know what to do with. A fantastic name to own for an income oriented investor.

misc industrial products

The largest North American manufacturer of fiberglass underground fuel tanks for gas stations. A huge free cash flow generator. They just paid another special dividend after reporting Q4 numbers, as well as raising their common dividend again. They effectively generate more cash than they really know what to do with. A fantastic name to own for an income oriented investor.

misc industrial products
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$14.640
Owned Owned
Yes

COMMENT

An interesting business. They basically make underground fiberglass tanks. A lot are used to replace the metal tanks at gas stations. They don’t have a lot of competition, and they generate nice cash flow. The stock is not cheap, but also not super expensive. If it was in the $13 range, he would certainly look at it.

misc industrial products

An interesting business. They basically make underground fiberglass tanks. A lot are used to replace the metal tanks at gas stations. They don’t have a lot of competition, and they generate nice cash flow. The stock is not cheap, but also not super expensive. If it was in the $13 range, he would certainly look at it.

misc industrial products
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$14.550
Owned Owned
Unknown

COMMENT

Underground tanks for storing liquids. Recently increased dividends by 50% and paid a special dividend on top of that. They are in a sweet spot right now where there is a turn over of a lot of underground tanks. Valuation is still pretty reasonable at about 14X next year’s earnings. He really likes this company.

misc industrial products

Underground tanks for storing liquids. Recently increased dividends by 50% and paid a special dividend on top of that. They are in a sweet spot right now where there is a turn over of a lot of underground tanks. Valuation is still pretty reasonable at about 14X next year’s earnings. He really likes this company.

misc industrial products
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$14.700
Owned Owned
No

TOP PICK

Fiber reinforced underground plastic fuel storage tanks.  They are moving into water tanks.  There will be growth in the water area.  (Analysts’ target: $14.00).

misc industrial products

Fiber reinforced underground plastic fuel storage tanks.  They are moving into water tanks.  There will be growth in the water area.  (Analysts’ target: $14.00).

misc industrial products
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$14.670
Owned Owned
No

TOP PICK

Water tanks and tanks for gas stations.  There is a big replacement cycle going on.  Their dividend went up 50% this quarter and they are paying a special dividend.  (Analysts’ target: $14.00).

misc industrial products

Water tanks and tanks for gas stations.  There is a big replacement cycle going on.  Their dividend went up 50% this quarter and they are paying a special dividend.  (Analysts’ target: $14.00).

misc industrial products
Peter Hodson

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

PricePrice
$13.540
Owned Owned
No

COMMENT

Underground tanks and storage solutions. He doesn’t follow it closely. These things come in big waves, and right now they are on a bit of a roll. Feels it is fully valued here.

misc industrial products

Underground tanks and storage solutions. He doesn’t follow it closely. These things come in big waves, and right now they are on a bit of a roll. Feels it is fully valued here.

misc industrial products
Stephen Takacsy, B. Eng, MBA

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

PricePrice
$13.160
Owned Owned
No

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1 Comment

millar

June 9th 2017 at 9:42am

I suspect ZCL's price drop happened just after high level executives dumped lots of their shares for some unknown reason. The company said it was just the executives "balancing" their investment portfolios. But if the outlook looks so good why would they sell their shares. It happened immediately following the special 65 cent dividend. Obviously something negative is down the road otherwise those in the know wouldn't have bailed ship and sold their stock.


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