Cooper Tire & Rubber | StockChase
11
Cooper Tire & Rubber (CTB-N)

Last Price Recorded: $32.7000 on 2018-02-22

ON STOCKCHASE SINCE Jan 2013

Consumer Products
11
Cooper Tire & Rubber (CTB-N)

Last Price Recorded: $32.7000 on 2018-02-22

ON STOCKCHASE SINCE Jan 2013

Consumer Products

Cooper Tire & Rubber


Signal Opinion Expert
COMMENT
Cooper Tire & Rubber(CTB-N) 

February 13, 2018

Hold CIBC (CM-T) or Cooper Tire & Rubber (CTB-N) in TFSA? CIBC for constant dividend growth and those dividends will compound without getting taxed.

Consumer Products

Hold CIBC (CM-T) or Cooper Tire & Rubber (CTB-N) in TFSA? CIBC for constant dividend growth and those dividends will compound without getting taxed.

Consumer Products
David Baskin

President, Baskin Wealth Manage...

PricePrice
$35.650
Owned Owned
Unknown

COMMENT
Cooper Tire & Rubber(CTB-N) 

September 12, 2017

This has an interesting trajectory right now. It’s been a very volatile stock. Their recent earnings were a beat. He has some pretty cautious perspectives on OEMs, but the parts have held in OK. The chart shows a lot of volatility, and that doesn’t check his box. It’s in a subsector that he is comfortable with, but the volatility is too much. There are safer places to be.

Consumer Products

This has an interesting trajectory right now. It’s been a very volatile stock. Their recent earnings were a beat. He has some pretty cautious perspectives on OEMs, but the parts have held in OK. The chart shows a lot of volatility, and that doesn’t check his box. It’s in a subsector that he is comfortable with, but the volatility is too much. There are safer places to be.

Consumer Products
Cameron Hurst

Chief Investment Officer, Equium Capital Manag...

PricePrice
$35.300
Owned Owned
Unknown

TOP PICK

(His theme today is economically sensitive stocks, and ones that have disappointed lately.) This has done well over the years. They are in the replacement tire business. Tire volumes are expected to grow 4% annually for the foreseeable future. Recent earnings were disappointing, but it was well understood that rubber prices had risen. When that happens, costs of goods rise and margins shrink. One shouldn’t take a quarterly view of that. This is trading at 9X earnings. Dividend yield of 1.1%. (Analysts’ price target is $48.)

Consumer Products

(His theme today is economically sensitive stocks, and ones that have disappointed lately.) This has done well over the years. They are in the replacement tire business. Tire volumes are expected to grow 4% annually for the foreseeable future. Recent earnings were disappointing, but it was well understood that rubber prices had risen. When that happens, costs of goods rise and margins shrink. One shouldn’t take a quarterly view of that. This is trading at 9X earnings. Dividend yield of 1.1%. (Analysts’ price target is $48.)

Consumer Products
Gordon Reid

President, GoodReid Investment ...

PricePrice
$37.500
Owned Owned
Yes

SELL

Seasonally it does well mid-March until this time of each year.  There will be other opportunities.  Mid Oct until end of year is the next period.

Consumer Products

Seasonally it does well mid-March until this time of each year.  There will be other opportunities.  Mid Oct until end of year is the next period.

Consumer Products
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$27.480
Owned Owned
Unknown

DON'T BUY

In the replacement tire business so are not selling tires to car manufacturers, but to garages, etc. They were involved for a while in a takeover bid that didn’t pan out. Not a great business really. Earnings should be fairly stable for the next couple of years, but there is not enough upside for him.

Consumer Products

In the replacement tire business so are not selling tires to car manufacturers, but to garages, etc. They were involved for a while in a takeover bid that didn’t pan out. Not a great business really. Earnings should be fairly stable for the next couple of years, but there is not enough upside for him.

Consumer Products
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$25.430
Owned Owned
No

PAST TOP PICK
Cooper Tire & Rubber(CTB-N) 

January 29, 2014

(A Top Pick Jan 10/13. Down 13.8%.) Had attempted to buy/merge with Apollo and that fell apart. This was an all cash deal, no regulatory issues. Still thinks this is a good company.

Consumer Products

(A Top Pick Jan 10/13. Down 13.8%.) Had attempted to buy/merge with Apollo and that fell apart. This was an all cash deal, no regulatory issues. Still thinks this is a good company.

Consumer Products
Gordon Reid

President, GoodReid Investment ...

PricePrice
$22.400
Owned Owned
Yes

BUY on WEAKNESS
Cooper Tire & Rubber(CTB-N) 

January 14, 2014

Close at $24.69 and he has a model price of $30.28, a 23% upside. He would wait for it to reach the $23 level. 1.7% yield. Likes the automotive space.

Consumer Products

Close at $24.69 and he has a model price of $30.28, a 23% upside. He would wait for it to reach the $23 level. 1.7% yield. Likes the automotive space.

Consumer Products
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$24.910
Owned Owned
Unknown

DON'T BUY
Cooper Tire & Rubber(CTB-N) 

January 6, 2014

Manufactures tires for the aftermarket business. An incredibly cyclical company. Not a brilliant company. A competitive company in a brutal business. You need to buy it when it is not doing well and wildly out of favour.

Consumer Products

Manufactures tires for the aftermarket business. An incredibly cyclical company. Not a brilliant company. A competitive company in a brutal business. You need to buy it when it is not doing well and wildly out of favour.

Consumer Products
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$25.180
Owned Owned
No

HOLD
Cooper Tire & Rubber(CTB-N) 

October 21, 2013

A $35 offer came in from Apollo tire.  All cash. Both board approved it and there were no competition issues.  Some of the union negotiations that needed to be completed did not complete and they are in court.  If the deal comes to pass he will tender his stock otherwise he is happy to own it.  Thinks it is miss-priced here.  Their competition is up 30% and they aren’t. 

Consumer Products

A $35 offer came in from Apollo tire.  All cash. Both board approved it and there were no competition issues.  Some of the union negotiations that needed to be completed did not complete and they are in court.  If the deal comes to pass he will tender his stock otherwise he is happy to own it.  Thinks it is miss-priced here.  Their competition is up 30% and they aren’t. 

Consumer Products
Gordon Reid

President, GoodReid Investment ...

PricePrice
$24.710
Owned Owned
Yes

BUY

Primarily in the replacement tire business, as opposed to an original equipment manufacturer. They don’t have the debt levels or unfunded pension liabilities that Goodyear Tire (GT-Q) has. Good multiple at around 8-9 times. Expect they will earn about $3 a share this year. The worry would be that they are subject to raw material costs but currently rubber costs have come down. Good place to be.

Consumer Products

Primarily in the replacement tire business, as opposed to an original equipment manufacturer. They don’t have the debt levels or unfunded pension liabilities that Goodyear Tire (GT-Q) has. Good multiple at around 8-9 times. Expect they will earn about $3 a share this year. The worry would be that they are subject to raw material costs but currently rubber costs have come down. Good place to be.

Consumer Products
Gordon Reid

President, GoodReid Investment ...

PricePrice
$26.940
Owned Owned
Yes

TOP PICK
Cooper Tire & Rubber(CTB-N) 

January 10, 2013

Mostly in the replacement tire business. As the American car gets older and older, that sort of plays into this company. Average US car is 11 years old. Input costs (rubber) have been falling over the last several months. Yield of 1.59%.

Consumer Products

Mostly in the replacement tire business. As the American car gets older and older, that sort of plays into this company. Average US car is 11 years old. Input costs (rubber) have been falling over the last several months. Yield of 1.59%.

Consumer Products
Gordon Reid

President, GoodReid Investment ...

PricePrice
$26.400
Owned Owned
Yes

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