TSE:RME

7.40
0.00 (0.00%) 1d
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This week’s new 52-week lows… (Dec 05-11)This week’s new 52-week lows… (Nov 28-Dec 04)
PAST TOP PICK
(A Top Pick Mar 01/18, Down 22%) This was disappointing. They were trying to grow at the expense of the bottomline. Their growth plans did not come to fruition. The CFO left. He does not see a lot of reason to be involved in this name at this point.
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PAST TOP PICK
(A Top Pick Nov 16/17, Down 27%) When he picked it the PE was 12 and a yield of 4%. The PE has dropped to 9 and the yield has risen to over 5%, but he is no longer excited about their strategy. He may buy back, but it is out of the portfolio.
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PAST TOP PICK

(A Past Top Pick on January 12, 2017, Up 29%) Last year was a great harvest and they've had good last few quarters, but the recent winter is a headwind--could be a slow start this year. It's still a cheap stock. Managment may acquire in the States; they have the cash. This could happen in the next 6-12 months and may be a catalyst for the stock to go up. Dividend yield of 3.7%.

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TOP PICK

He likes the insider buy in. 22% owned by insiders. 13% dividend growth over the last 5 years. Earnings momentum has been pretty good. They did not increase the dividend so they could look at opportunities. (Analysts’ target: $15.60).

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BUY

He thinks there is still good opportunity for the company. Sales are up 7%, earnings are up 23%, earnings estimates have gone up. The stock trades at a good multiple of EBITDA to Earnings Growth of 0.65. He sees this as similar to PEG, and considers anything less than 1 as good.

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PAST TOP PICK

(A Top Pick Jan 12/17, Up 44%) Case farm equipment. They picked up sales and the price moved up. If they continue to execute the way they have he will continue to hold it. They announced an acquisition in the US.

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TOP PICK

They had trouble a few years ago and sorted them out. They have a dividend as well. The industry is solid and stable and the company has turned around, solving their problems. He thinks there is upside to come. (Analysts’ target: $14.00).

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TOP PICK

Basically sells and leases agricultural and industrial equipment, particularly in Western Canada. Their next report will be March 2018, and earnings are expected to grow by 69%. 3.7% yield and 35% payout. Dividend yield of 3.7%. (Analysts’ price target is $14.)

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COMMENT

Had a Pairs trade with Service, and was Short it in the fall, largely because the company’s Q2 numbers were off the charts compared to the industry. It worked out well for him. As a Long position he thinks it is a good company, but if he had a choice, he would probably take Cervus (CERV-T).

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TOP PICK

This has really come off nicely from the lows of a few years ago. This coincides with the cyclicality of the oil price, and it is based in Alberta, but it is an agriculture company, so a lot of their sales decline and inventory problems that they’ve had over the last few years have come from a huge cycle of buying and inventory buildup that happened in the 2012-2014 period. We are starting to see signs of that rolling off. Last year was a very long harvest, so equipment might need to be replaced. Trading at about 8.5X earnings, 5X EBITDA. They do very accretive acquisitions, and the balance sheet is in reasonable shape. Dividend yield of 4.57%. (Analysts’ price target is $10.82.)

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COMMENT

Acquiring equipment dealerships, mostly in Western Canada so this is exposure to the “resource” market. Bought a couple of dealerships in Manitoba to get exposure to the agricultural sector. Has done quite well and pays a good dividend. The one caution is that this market can slow down very quickly. Well-run firm.

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BUY
Earnings are lumpy but return on capital has been quite strong. Should do well. Has not captured the excitement of the market. Would not be surprised if he owned it in a month.
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Rocky Mountain Dealerships(RME-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Rocky Mountain Dealerships is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Rocky Mountain Dealerships(RME-T) Frequently Asked Questions

What is Rocky Mountain Dealerships stock symbol?

Rocky Mountain Dealerships is a Canadian stock, trading under the symbol RME-T on the Toronto Stock Exchange (RME-CT). It is usually referred to as TSX:RME or RME-T

Is Rocky Mountain Dealerships a buy or a sell?

In the last year, there was no coverage of Rocky Mountain Dealerships published on Stockchase.

Is Rocky Mountain Dealerships a good investment or a top pick?

Rocky Mountain Dealerships was recommended as a Top Pick by on . Read the latest stock experts ratings for Rocky Mountain Dealerships.

Why is Rocky Mountain Dealerships stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Rocky Mountain Dealerships worth watching?

0 stock analysts on Stockchase covered Rocky Mountain Dealerships In the last year. It is a trending stock that is worth watching.

What is Rocky Mountain Dealerships stock price?

On 2020-12-24, Rocky Mountain Dealerships (RME-T) stock closed at a price of $7.4.