Stella-Jones Inc.
SJ-T
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She used to own it and sold when they had some inventory issues with the treaded wood and the guidance was off. She is very keen on Management. She is not so worry on individual quarters. The parent sold a big chunk of the stock. Lower margins. No reason to own it until they show impressive numbers.
She used to own it and sold when they had some inventory issues with the treaded wood and the guidance was off. She is very keen on Management. She is not so worry on individual quarters. The parent sold a big chunk of the stock. Lower margins. No reason to own it until they show impressive numbers.
The founders had started selling shares last year. Institutions were not happy with that and sold all their shares. That is all gone now and some big institutions have moved in as well as the management. He initiated a position. The utility pole cycle will pick up because utility poles are getting old. We will see a reacceleration in the sector. There is still room to grow through acquisition.
The founders had started selling shares last year. Institutions were not happy with that and sold all their shares. That is all gone now and some big institutions have moved in as well as the management. He initiated a position. The utility pole cycle will pick up because utility poles are getting old. We will see a reacceleration in the sector. There is still room to grow through acquisition.
(Past Top Pick, August 22, 2017, Up 0.55%) It's had ups and downs the past year with problems in inventory and pricing. Their last forecast expected prices to improve a lot. He agrees that demand for railway ties is robust.
(Past Top Pick, August 22, 2017, Up 0.55%) It's had ups and downs the past year with problems in inventory and pricing. Their last forecast expected prices to improve a lot. He agrees that demand for railway ties is robust.
He would be selling. It has a very cyclical pattern on a value chart. It goes up to 4 times book value and then comes back down. It is at that point now.
He would be selling. It has a very cyclical pattern on a value chart. It goes up to 4 times book value and then comes back down. It is at that point now.
He once owned it. Dividend growth is likely. They make utility poles which need to be replaced, which is what SJ does. Management has positioned the company well in this area to take advantage. Likely will increase the dividend.
He once owned it. Dividend growth is likely. They make utility poles which need to be replaced, which is what SJ does. Management has positioned the company well in this area to take advantage. Likely will increase the dividend.
He needs to see it break through the highs of the past three years. Reward youself if you've hold on all this time, but doubt it can break higher.
He needs to see it break through the highs of the past three years. Reward youself if you've hold on all this time, but doubt it can break higher.
A major utility pole manufacturer. Yes, the recent/current tough winter weather is a factor, but a bigger factor is the finite life of these poles, and most of them in North America are nearing the end. So, SJ could enjoy a ramp-up with more infrastructure spending.
A major utility pole manufacturer. Yes, the recent/current tough winter weather is a factor, but a bigger factor is the finite life of these poles, and most of them in North America are nearing the end. So, SJ could enjoy a ramp-up with more infrastructure spending.
The parent owns the majority of the stock has been selling, which is good news. This is much more liquid and you can pick it up. They make rail ties and utility poles which are moving into a major phase of the cycle to replace them. This is more good news. They plan to acquire.
The parent owns the majority of the stock has been selling, which is good news. This is much more liquid and you can pick it up. They make rail ties and utility poles which are moving into a major phase of the cycle to replace them. This is more good news. They plan to acquire.
He feels it is a well-run company. Customers have to buy their products. The price can get expensive based on earnings multiples, so be careful at this level. (Analysts’ price target is $54.66 )
He feels it is a well-run company. Customers have to buy their products. The price can get expensive based on earnings multiples, so be careful at this level. (Analysts’ price target is $54.66 )
Stella Jones issued new stock, diluting the stock. On the chart, the stock looks as though it is breaking the uptrend. An uptrend usually shows higher highs and higher lows. Stella Jones has been showing flat highs, rather than rising ones. If the current decline goes a little bit lower, it will have broken through the recent lows and probably will continue to go lower. It is not an outright sell now, but I would not enter it with new money.
Stella Jones issued new stock, diluting the stock. On the chart, the stock looks as though it is breaking the uptrend. An uptrend usually shows higher highs and higher lows. Stella Jones has been showing flat highs, rather than rising ones. If the current decline goes a little bit lower, it will have broken through the recent lows and probably will continue to go lower. It is not an outright sell now, but I would not enter it with new money.
They own it and like it very much. Leader in railway ties and utility poles, not the most exciting businesses but very profitable. They are expanding in other verticals such as residential lumbers in the U.S. in particular. 6% free cash flow yields on 2018 numbers. Management has a great track record. Opportunities for growth across different segments. Directors are big shareholders and own 40% of the business still. They have cash flow to increase dividend, but thinks they should be spending their money to allocate capital to best return opportunities for shareholder over the long term.
They own it and like it very much. Leader in railway ties and utility poles, not the most exciting businesses but very profitable. They are expanding in other verticals such as residential lumbers in the U.S. in particular. 6% free cash flow yields on 2018 numbers. Management has a great track record. Opportunities for growth across different segments. Directors are big shareholders and own 40% of the business still. They have cash flow to increase dividend, but thinks they should be spending their money to allocate capital to best return opportunities for shareholder over the long term.
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