Finning Int

FTT-T

TSE:FTT

24.86
0.00 (0.00%)
Finning International Inc., headquartered in Vancouver, British Columbia, Canada, is the world's largest distributor of Caterpillar products and support services.
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Analysis and Opinions about FTT-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 10, 2020
A contrarian pick. If there's a recovery in manufacturing, you buy industrials like this. It's growing earnings 14% annually in the next few years mostly from cost-cutting. Trades at 12x earnings. Pays a safe 3.2% dividend, and they will buyback stock. This will grow despite a weak macro, even better in a strong macro. (Analysts’ price target is $27.75)
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Finning Int (FTT-T)
January 10, 2020
A contrarian pick. If there's a recovery in manufacturing, you buy industrials like this. It's growing earnings 14% annually in the next few years mostly from cost-cutting. Trades at 12x earnings. Pays a safe 3.2% dividend, and they will buyback stock. This will grow despite a weak macro, even better in a strong macro. (Analysts’ price target is $27.75)
TOP PICK
TOP PICK
December 24, 2019
Industrials and base metals should have a good 2020, and FTT covers both. It makes mining equipment. If copper does well, copper companies will buy from FTT. The US-China trade deal will definitely benefit China. FTT will have good upside into 2020 and 2021. (Analysts’ price target is $27.80)
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Finning Int (FTT-T)
December 24, 2019
Industrials and base metals should have a good 2020, and FTT covers both. It makes mining equipment. If copper does well, copper companies will buy from FTT. The US-China trade deal will definitely benefit China. FTT will have good upside into 2020 and 2021. (Analysts’ price target is $27.80)
DON'T BUY
DON'T BUY
December 10, 2019
Be cautious. Recently we've had a bounce in value cyclicals that we've endured a temporary slowdown and now we'll see growth ahead. He disagrees. These value stocks won't do better--we're near the end of the cycle and capital projects will slow down. Look at Caterpillar, down a third from its peak 18 months ago. The writing's on the wall for this sector--slowing down. You can hold onto a portion of this.
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Finning Int (FTT-T)
December 10, 2019
Be cautious. Recently we've had a bounce in value cyclicals that we've endured a temporary slowdown and now we'll see growth ahead. He disagrees. These value stocks won't do better--we're near the end of the cycle and capital projects will slow down. Look at Caterpillar, down a third from its peak 18 months ago. The writing's on the wall for this sector--slowing down. You can hold onto a portion of this.
DON'T BUY
DON'T BUY
November 15, 2019
A big distributor of Caterpillar tractors so it’s a heavy equipment distribution company around the world. The backlog has dropped off. The market is anticipating something worse. If the economic outlook is positive, one of the stocks that will benefit. Especially from the conclusion of the tariff wars. He sees a tough period coming due to doubtful future sales.
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Finning Int (FTT-T)
November 15, 2019
A big distributor of Caterpillar tractors so it’s a heavy equipment distribution company around the world. The backlog has dropped off. The market is anticipating something worse. If the economic outlook is positive, one of the stocks that will benefit. Especially from the conclusion of the tariff wars. He sees a tough period coming due to doubtful future sales.
DON'T BUY
DON'T BUY
November 8, 2019
A poor buy and hold stock. In an almost 10 year range, it’s been quite range-bound. It could go up to $28 quite quickly in the near term. It’s not a high end growth stock but a cyclical stock.
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Finning Int (FTT-T)
November 8, 2019
A poor buy and hold stock. In an almost 10 year range, it’s been quite range-bound. It could go up to $28 quite quickly in the near term. It’s not a high end growth stock but a cyclical stock.
COMMENT
COMMENT
October 30, 2019
The interest cut today has thrown a bit of a lifeline to cyclicals like this (and delayed a recession for a little longer). Stocks like this can improve a bit, but only for a short time and until a downturn hits. It comes down to your risk tolerance and your outlook. Also, manufacturing is in a correction.
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Finning Int (FTT-T)
October 30, 2019
The interest cut today has thrown a bit of a lifeline to cyclicals like this (and delayed a recession for a little longer). Stocks like this can improve a bit, but only for a short time and until a downturn hits. It comes down to your risk tolerance and your outlook. Also, manufacturing is in a correction.
SELL STRENGTH
SELL STRENGTH
October 29, 2019

Our version of Caterpillar. If global growth continues to slow, the environment for Finning will be difficult. They have a 6-9-month window now. If Trump wins in 2020, he would take pot shots at China which will lead to a global recession that will really fit Finning. If this pops in the coming months, sell it.

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Finning Int (FTT-T)
October 29, 2019

Our version of Caterpillar. If global growth continues to slow, the environment for Finning will be difficult. They have a 6-9-month window now. If Trump wins in 2020, he would take pot shots at China which will lead to a global recession that will really fit Finning. If this pops in the coming months, sell it.

PAST TOP PICK
PAST TOP PICK
September 20, 2019
(A Top Pick Sep 28/18, Down 24%) At the time everything looked positive. Now, the macro deteriorated with the China trade war, and Federal Reserve interest rate changes. They just beat last quarter. They’re currently growing at 16 times, and trading at 12 times, so it’s a good proposition.
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Finning Int (FTT-T)
September 20, 2019
(A Top Pick Sep 28/18, Down 24%) At the time everything looked positive. Now, the macro deteriorated with the China trade war, and Federal Reserve interest rate changes. They just beat last quarter. They’re currently growing at 16 times, and trading at 12 times, so it’s a good proposition.
COMMENT
COMMENT
September 9, 2019
They had some recent improvements in equipment sales. They need a catalyst for people to be interested in this stock. Overall he thinks it is well run and they should do all right. They need the resource market to be doing well.
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Finning Int (FTT-T)
September 9, 2019
They had some recent improvements in equipment sales. They need a catalyst for people to be interested in this stock. Overall he thinks it is well run and they should do all right. They need the resource market to be doing well.
PAST TOP PICK
PAST TOP PICK
August 14, 2019
(A Top Pick Sep 28/18, Down 27%) Still likes it. They just beat their quarter by 29%. They can grow with their margins, improving by cost-cutting. Models 16% EPS growth at 12.2x earnings. Very cheap. A solid balance sheet. Will be good over the long term.
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Finning Int (FTT-T)
August 14, 2019
(A Top Pick Sep 28/18, Down 27%) Still likes it. They just beat their quarter by 29%. They can grow with their margins, improving by cost-cutting. Models 16% EPS growth at 12.2x earnings. Very cheap. A solid balance sheet. Will be good over the long term.
PAST TOP PICK
PAST TOP PICK
July 18, 2019
(A Top Pick Jul 26/18, Down 29%) Good stocks will move like this on sentiment. The macro's gotten worse. One-time headwinds. Levered to gold miners, and better days are ahead for gold. Really cheap. Being paid to wait. You still want to have it in your portfolio.
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Finning Int (FTT-T)
July 18, 2019
(A Top Pick Jul 26/18, Down 29%) Good stocks will move like this on sentiment. The macro's gotten worse. One-time headwinds. Levered to gold miners, and better days are ahead for gold. Really cheap. Being paid to wait. You still want to have it in your portfolio.
DON'T BUY
DON'T BUY
June 17, 2019
You are dependent on a lot of mining and infrastructure for oil and gas. He does not see any compelling reason to jump into it at these levels.
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Finning Int (FTT-T)
June 17, 2019
You are dependent on a lot of mining and infrastructure for oil and gas. He does not see any compelling reason to jump into it at these levels.
WEAK BUY
WEAK BUY
June 13, 2019
This is a difficult one because the numbers have not been great over the last couple of quarters. It's close to the bottom but not a table pounding buy. They had a problem with their ERP system.
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Finning Int (FTT-T)
June 13, 2019
This is a difficult one because the numbers have not been great over the last couple of quarters. It's close to the bottom but not a table pounding buy. They had a problem with their ERP system.
WATCH
WATCH
May 10, 2019
Lower lows, lower highs. Support at $22.50. What's concerning is the descending triangle pressuring the support below. Wouldn't look to play it yet. If it breaks, we'll see lower lows ahead. Just exited period of seasonal strength, and it couldn't produce gains, so that tells you something.
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Finning Int (FTT-T)
May 10, 2019
Lower lows, lower highs. Support at $22.50. What's concerning is the descending triangle pressuring the support below. Wouldn't look to play it yet. If it breaks, we'll see lower lows ahead. Just exited period of seasonal strength, and it couldn't produce gains, so that tells you something.
PAST TOP PICK
PAST TOP PICK
May 8, 2019

(A Top Pick May 16/18, Down 26%) Disappointing, because of overblown fears of a recession that he doesn't expect. This is very cyclical demand for Caterpillar equipment. They reported earnings today and they were in line with subdued expectations. Sales were better than expected and they have partially solved a distribution problem in South America.

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(A Top Pick May 16/18, Down 26%) Disappointing, because of overblown fears of a recession that he doesn't expect. This is very cyclical demand for Caterpillar equipment. They reported earnings today and they were in line with subdued expectations. Sales were better than expected and they have partially solved a distribution problem in South America.

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