Canadian Tire Corporation Ltd

CTC-T

TSE:CTC

223.50
6.75 (3.11%)
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-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
May 23, 2018

(A Top Pick February 22/18 Down 6%) The Helly-Hansen acquisition has brought headwinds to this stock. They have made acquisitions in the past, but this seemed strange and very expensive. The seasonal peak for this stock is January 11 to April 12, so he would not hold this now.

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(A Top Pick February 22/18 Down 6%) The Helly-Hansen acquisition has brought headwinds to this stock. They have made acquisitions in the past, but this seemed strange and very expensive. The seasonal peak for this stock is January 11 to April 12, so he would not hold this now.

HOLD
HOLD
February 22, 2018

[What is P/B, like Canadian Tire's?] P/B is the price of the stock against its accounting book value, the money that's gone into creating the existing company. Some say it's an historic measure which get distorted over time, like a factory they own that's greatly appreciated in value. He uses it to measure how management uses shareholders' money, but you must also look at P/E and ROE. Canadian Tire is selling at a higher historic P/B because it's done so well, especially in the face of Home Depot and Walmart. They may have challenges online battling Amazon. Would like to see Canadian Tire at a lower P/B perhaps between 1.5x and 2.5.

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[What is P/B, like Canadian Tire's?] P/B is the price of the stock against its accounting book value, the money that's gone into creating the existing company. Some say it's an historic measure which get distorted over time, like a factory they own that's greatly appreciated in value. He uses it to measure how management uses shareholders' money, but you must also look at P/E and ROE. Canadian Tire is selling at a higher historic P/B because it's done so well, especially in the face of Home Depot and Walmart. They may have challenges online battling Amazon. Would like to see Canadian Tire at a lower P/B perhaps between 1.5x and 2.5.

DON'T BUY
DON'T BUY
February 6, 2018

It’s one of the few names in the retail space that has done quite well despite the current challenges to bricks and mortar. Their share price has outperformed the TSX since 2010-2011. They have diversified, with Canadian Tire stores generating 65% of sales, FGL Sports generating about 20% and Marks generating 15%. They have lots of cash,they have slowly loosened up the purse strings by raising the dividend and they have a very healthy balance sheet.

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It’s one of the few names in the retail space that has done quite well despite the current challenges to bricks and mortar. Their share price has outperformed the TSX since 2010-2011. They have diversified, with Canadian Tire stores generating 65% of sales, FGL Sports generating about 20% and Marks generating 15%. They have lots of cash,they have slowly loosened up the purse strings by raising the dividend and they have a very healthy balance sheet.

BUY
BUY
February 23, 2017

The season period is January to Mid-April. It was in an ascending bullish triangle and then it popped when they came out with great earnings. This is very positive. It has still has room to move higher.

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The season period is January to Mid-April. It was in an ascending bullish triangle and then it popped when they came out with great earnings. This is very positive. It has still has room to move higher.

WAIT
WAIT
October 31, 2016

He tends not to ‘step into traffic’ and initiate new positions before important news releases. Wait for the earnings. We have seen two or three months of very weak Canadian retail sales growth and so the stock has come down.

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He tends not to ‘step into traffic’ and initiate new positions before important news releases. Wait for the earnings. We have seen two or three months of very weak Canadian retail sales growth and so the stock has come down.

COMMENT
COMMENT
July 14, 2016

It had a very good run and had a bit of a dip here. The worst for Canada has been seen from an energy price perspective. The retail area is economically sensitive and hot hit.

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It had a very good run and had a bit of a dip here. The worst for Canada has been seen from an energy price perspective. The retail area is economically sensitive and hot hit.

WATCH
WATCH
February 29, 2016

1.7% yield. It is coming along. They have been increasing their dividend. The retail business is tough. There is lots of competition. There does not seem to be a long term sustainable advantage that gets them to the 5% yield that he likes to see. Also, there has been financial engineering like spinning out their real estate. He is passing and would not be considering it except at a bottom.

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1.7% yield. It is coming along. They have been increasing their dividend. The retail business is tough. There is lots of competition. There does not seem to be a long term sustainable advantage that gets them to the 5% yield that he likes to see. Also, there has been financial engineering like spinning out their real estate. He is passing and would not be considering it except at a bottom.

BUY
BUY
January 11, 2016

He has been looking closely at it for about 8 months. He will be buying it in the near future. You could call it consumer discretionary, but it is not overly cyclical. They have done a great job with the products they have put in the store. The balance sheet looks good.

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He has been looking closely at it for about 8 months. He will be buying it in the near future. You could call it consumer discretionary, but it is not overly cyclical. They have done a great job with the products they have put in the store. The balance sheet looks good.

BUY
BUY
September 10, 2015

This is one of the companies in his safety and value portfolio. Valuations are okay, 15 times and he does not expect huge increases in earnings. They are in great shape on a balance sheet. He has had no sell signals. They are showing good quarterly earnings momentum.

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This is one of the companies in his safety and value portfolio. Valuations are okay, 15 times and he does not expect huge increases in earnings. They are in great shape on a balance sheet. He has had no sell signals. They are showing good quarterly earnings momentum.

BUY
BUY
July 20, 2015

It got revalued. It benefits from Target walking away from Canada. They executed well and are good long term thinkers. He thinks it will continue.

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It got revalued. It benefits from Target walking away from Canada. They executed well and are good long term thinkers. He thinks it will continue.

HOLD
HOLD
March 20, 2015

Has had a phenomenal run. It was not affected by Target coming into Canada. The vast majority of what they sell is imported from the US so the fall in the Canadian dollar will squeeze margins are cause price increases. Be cautious on this one.

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Has had a phenomenal run. It was not affected by Target coming into Canada. The vast majority of what they sell is imported from the US so the fall in the Canadian dollar will squeeze margins are cause price increases. Be cautious on this one.

DON'T BUY
DON'T BUY
December 29, 2014

(These are the voting shares and have very little volume.) The company has done a great job in developing its market profile. Its performance, until just recently, has had a pretty good run. The continuing decline in the Canadian$ makes purchases of foreign goods more expensive for any importer in the retail business. He would look elsewhere for retail exposure. If he were going to own it, he would own the A shares, because if something goes wrong, the B shares would be difficult to get out of.

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(These are the voting shares and have very little volume.) The company has done a great job in developing its market profile. Its performance, until just recently, has had a pretty good run. The continuing decline in the Canadian$ makes purchases of foreign goods more expensive for any importer in the retail business. He would look elsewhere for retail exposure. If he were going to own it, he would own the A shares, because if something goes wrong, the B shares would be difficult to get out of.

BUY WEAKNESS
BUY WEAKNESS
March 28, 2014

One of the few retailers she owns. They had benefited from the bad weather and she expects Q1 to look pretty good. Have announced that they are looking at monetizing their financial service subsidiary and are also looking at a real estate REIT transaction at some point. There are events happening and she would definitely hang onto this. She is personally buying it on dips.

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One of the few retailers she owns. They had benefited from the bad weather and she expects Q1 to look pretty good. Have announced that they are looking at monetizing their financial service subsidiary and are also looking at a real estate REIT transaction at some point. There are events happening and she would definitely hang onto this. She is personally buying it on dips.

DON'T BUY
DON'T BUY
May 15, 2013

When they announced they were going to spin off a REIT, while retaining 80 to 90% of the REIT, why did the stock go up so much since the value is already there? The psychological aspects of the stock market are not always rational. Investors are hoping for increased dividend. He doesn't own Canadian Tire, but the REIT might be interesting to him.

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When they announced they were going to spin off a REIT, while retaining 80 to 90% of the REIT, why did the stock go up so much since the value is already there? The psychological aspects of the stock market are not always rational. Investors are hoping for increased dividend. He doesn't own Canadian Tire, but the REIT might be interesting to him.

DON'T BUY
DON'T BUY
May 13, 2013

Just as a pure retail play very expensive right now.

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Just as a pure retail play very expensive right now.

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