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Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)This summary was created by AI, based on 1 opinions in the last 12 months.
Based on the reviews from different experts, Logistec Corp (LGT.B-T) has been praised as a top pick with a significant increase in stock value. The company has been acquired by private equity and is particularly appreciated for its focus on the environmental space. The proceeds from the acquisition have been channeled into Canada's first Global Biodiversity Fund, which is comprised of about 40 stocks. This demonstrates the company's commitment to sustainability and green investments, making it an attractive option for investors interested in the environmental sector.
It is in the marine cargo handling business with over 60 ports in North America. It recently made a very big acquisition which gives it a very strong position in the Great Lakes area. Has had record results of $4 per share and trades at10X P/E. They have owned it for many years and it hasn't been this cheap in a long time. The other side of the business is in environmental services including soil/water remediation and water pipe repairs - they have a record backlog.
Has owned if for 15 years and made 8x his money. Would buy it now. They unload cargo from ships, and business is booming in North American ports. Their environmental division is growing fast, owning proprietary tech to repair water pipes. Company has been reporting record results. The PE has never been lower at 10x.
(Top Pick Sep 22/16, Up 6%) Their volume of containers has expanded significantly. Their environmental business has record backlogs. It is a great entry point and he has been buying more. Very high barriers to entry. It is an infrastructure pay on two fronts.
(A Top Pick March 22/16. Down 9%.) This has been one of his biggest winners over the last 10 years, going from $8 to $70. However, it has been treading water for the last 2 years or so. Last year was rough with marine cargo volumes being down. They’ve expanded some operations, so costs went up. Also, had a terrible fire in Georgia, which basically had them shut down for almost a year. Just came out with a very, very strong 4th quarter and announced some acquisitions and new contracts. In 2017 you are going to see this get back on the path of growing their top and bottom lines. This is still a Buy.
Pure infrastructure in ports and environmental services. They repair water pipes. Sales are growing at double digit rates. It has gone up 8 fold in the last 10 years. It came down last year. It is a great time to accumulate it. A very well managed company.
His longest held position. It pulled back a little recently as they doubled the size of their Montreal container handling facility.
A great opportunity to buy it now that it has come down. Their Aqua Liner business is gaining huge traction. They just doubled their container facilities in Montreal and one of their biggest customers is a marine cargo customer.
Logistec Corp is a Canadian stock, trading under the symbol LGT.B-T on the Toronto Stock Exchange (LGT.B-CT). It is usually referred to as TSX:LGT.B or LGT.B-T
In the last year, 1 stock analyst published opinions about LGT.B-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Logistec Corp.
Logistec Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Logistec Corp.
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.
1 stock analyst on Stockchase covered Logistec Corp In the last year. It is a trending stock that is worth watching.
On 2024-01-08, Logistec Corp (LGT.B-T) stock closed at a price of $66.95.
Acquired by private equity. Likes the environmental space so much they parlayed proceeds into Canada's first Global Biodiversity Fund, comprised of about 40 stocks.