Alaris Royalty
AD-T
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Opinion
Expert
DON'T BUY
DON'T BUY
September 10, 2019
Financial Services
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
$19.400
No
BUY
BUY
September 9, 2019
He is a fan of this company. He continues to recommend it. It is coming into its stride now. Longer term this is a company that is uniquely positioned. Lately they have demonstrated that they can deploy capital efficiency. Dividends may begin to increase again over the next couple of years.
He is a fan of this company. He continues to recommend it. It is coming into its stride now. Longer term this is a company that is uniquely positioned. Lately they have demonstrated that they can deploy capital efficiency. Dividends may begin to increase again over the next couple of years.
Financial Services
BUY
BUY
August 8, 2019
They had a few investments they made that went into bankrupsy. They are now getting more cash flow from investments and added some new ones. They have had a turnaround and the payout ratio has come down. There are a lot of things to like about this. It is important to understand, though, that the risks are higher and the dividend is not that safe. 8.4% yield.
They had a few investments they made that went into bankrupsy. They are now getting more cash flow from investments and added some new ones. They have had a turnaround and the payout ratio has come down. There are a lot of things to like about this. It is important to understand, though, that the risks are higher and the dividend is not that safe. 8.4% yield.
Financial Services
TOP PICK
TOP PICK
July 24, 2019
They will be reporting earnings today. Thinks they are on their way back after having some difficulty. They invest in a diversified range of private companies with a strategy to grow dividends. Could see dividends increase over the next 2 years. They have deployed capital into a new and existing business that should yield good cash flow in the next few years. Great yield 8.14% which he believes is really sustainable. (Analysts’ price target is $21.22)
They will be reporting earnings today. Thinks they are on their way back after having some difficulty. They invest in a diversified range of private companies with a strategy to grow dividends. Could see dividends increase over the next 2 years. They have deployed capital into a new and existing business that should yield good cash flow in the next few years. Great yield 8.14% which he believes is really sustainable. (Analysts’ price target is $21.22)
Financial Services
BUY
BUY
July 15, 2019
AD just did some big equity investments and AD pays a big dividend. He used to own and recommend this. Smart and lean management. They suffered some problem investments. They've cleaned them up and he hopes they learned their lesson. You're in good hands. He doesn't know about their recent deployments.
AD just did some big equity investments and AD pays a big dividend. He used to own and recommend this. Smart and lean management. They suffered some problem investments. They've cleaned them up and he hopes they learned their lesson. You're in good hands. He doesn't know about their recent deployments.
Financial Services
DON'T BUY
DON'T BUY
July 4, 2019
It's like a holding company that makes investments in a number of companies. Over the year they have improved somewhat the disclosure on some of their holdings. 15 to 17 different investments in a wide range of companies. He does not know how it will do in the future. He is not keen on the name right now because he is not keen on conglomerates. (Analysts’ price target is $21.00)
It's like a holding company that makes investments in a number of companies. Over the year they have improved somewhat the disclosure on some of their holdings. 15 to 17 different investments in a wide range of companies. He does not know how it will do in the future. He is not keen on the name right now because he is not keen on conglomerates. (Analysts’ price target is $21.00)
Financial Services
PAST TOP PICK
PAST TOP PICK
June 28, 2019
(A Top Pick Jul 27/18, Up 16%) Good dividend. Moved his exit point up to $18. Still likes it. Yield is 8.8%.
(A Top Pick Jul 27/18, Up 16%) Good dividend. Moved his exit point up to $18. Still likes it. Yield is 8.8%.
Financial Services
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$18.810
Yes
COMMENT
COMMENT
June 24, 2019
They are investing in Alpine Credit, who are doing well and who they are getting involved in for their own succession planning purposes. He would not consider AD-T low risk or defensive. They are medium to higher risk. Their valuation is not very related to where interest rates go.
They are investing in Alpine Credit, who are doing well and who they are getting involved in for their own succession planning purposes. He would not consider AD-T low risk or defensive. They are medium to higher risk. Their valuation is not very related to where interest rates go.
Financial Services
BUY
BUY
June 17, 2019
He would be a buyer at this time. They just recently shored up their capital. The dividend is safe for the time-being. They can make some significant investments over the next while. Under $20 it is a good buy.
He would be a buyer at this time. They just recently shored up their capital. The dividend is safe for the time-being. They can make some significant investments over the next while. Under $20 it is a good buy.
Financial Services
SHORT
SHORT
May 31, 2019
He has a small short position on this one. It is expensive and the management compensation plan is too generous. With such low interest rates, why would anyone need to borrow from them?
He has a small short position on this one. It is expensive and the management compensation plan is too generous. With such low interest rates, why would anyone need to borrow from them?
Financial Services
DON'T BUY
DON'T BUY
May 7, 2019
For RRSP? A few years ago, these royalty stream companies were popular, but haven't done much lately. They've fixed several fixes and are back to square one. He's never loved these kinds of companies. There are better income stocks out there.
For RRSP? A few years ago, these royalty stream companies were popular, but haven't done much lately. They've fixed several fixes and are back to square one. He's never loved these kinds of companies. There are better income stocks out there.
Financial Services
BUY
BUY
May 1, 2019
He has been a fan for some time -- during ups and downs. It was recently penalized when an analyst spoke of some issues. He thought it was overdone and will be remedied soon. . They have over 15-20 investee companies, providing great diversification. The biggest problem is they are growing so large, it takes bigger projects to move the needle. It has a compelling value at this level.
He has been a fan for some time -- during ups and downs. It was recently penalized when an analyst spoke of some issues. He thought it was overdone and will be remedied soon. . They have over 15-20 investee companies, providing great diversification. The biggest problem is they are growing so large, it takes bigger projects to move the needle. It has a compelling value at this level.
Financial Services
DON'T BUY
DON'T BUY
April 29, 2019
Not the type of company he would own--the management fee straucture is aggressive and they have some Alberta exposure. He doesn't have much of an opinion on this. He has shorted this in the past. He'd stay away from it, but he'd need to do more research on their holdings. Providence Distribution has been giving them trouble, but accounts for only 5% of Alaris' overall revenues.
Not the type of company he would own--the management fee straucture is aggressive and they have some Alberta exposure. He doesn't have much of an opinion on this. He has shorted this in the past. He'd stay away from it, but he'd need to do more research on their holdings. Providence Distribution has been giving them trouble, but accounts for only 5% of Alaris' overall revenues.
Financial Services
BUY
BUY
March 29, 2019
He likes this name. They have done a good job of right sizing the ship. Their current portfolios of companies has improved. Things are moving in the right direction. May take a few quarters to make sure they are on track. They have about a 90% payout ratio. He thinks between yield and current pricing, investors will be rewarded, but is higher risk.
He likes this name. They have done a good job of right sizing the ship. Their current portfolios of companies has improved. Things are moving in the right direction. May take a few quarters to make sure they are on track. They have about a 90% payout ratio. He thinks between yield and current pricing, investors will be rewarded, but is higher risk.
Financial Services
BUY
BUY
March 20, 2019
He likes it and has recommended it before. They've stumbled the last few years with investments that stopped paying distributions, but they've worked out five of them recently. AD is back onto a trend. Can they continued to deploy capital at 13-15% rate of return and expand dividends? Yes, he believe they can do both cases, and do it well. He expects this to trade at higher stock prices in years to come. A well-run company. The CRA issue, he thinks, will work out in their favour. They need to find bigger companies to invest in, and those choices may be fewer. Meanwhile, they've increased their pipeline in people who sources prospective deals for them. (They are well-connected in the accounting community.)
He likes it and has recommended it before. They've stumbled the last few years with investments that stopped paying distributions, but they've worked out five of them recently. AD is back onto a trend. Can they continued to deploy capital at 13-15% rate of return and expand dividends? Yes, he believe they can do both cases, and do it well. He expects this to trade at higher stock prices in years to come. A well-run company. The CRA issue, he thinks, will work out in their favour. They need to find bigger companies to invest in, and those choices may be fewer. Meanwhile, they've increased their pipeline in people who sources prospective deals for them. (They are well-connected in the accounting community.)
Financial Services
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Similar to DIV-T. He looked at this long and hard and decided not to buy any trusts stocks; there are too many companies within them and hard to value. AD stumbled and got punished. Don't buy for the dividend or stock appreciation. Managers need to regain investors' trust.