Finning Int
FTT-T
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About Finning Int (FTT-T)
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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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.
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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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.
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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Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$24.860
No
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.
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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Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
$22.320
Unknown
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.
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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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.
(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.
wholesale distributors
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.
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.
wholesale distributors
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.
(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.
wholesale distributors
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.
(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.
wholesale distributors
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.
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.
wholesale distributors
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.
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.
wholesale distributors
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.
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.
wholesale distributors
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.
(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.
wholesale distributors
TOP PICK
TOP PICK
May 8, 2019
Also a past top pick today. Management has succeeded in shifting its revenue mix from 32% new product and service revenues to more than 50% today to reduce cyclicality. The stock has been a victim of overblown recession fears, and problems in their South American unit, though today they reported that as fixed. They boast 13% ROE and 6% dividend growth rate. (Analysts’ price target is $28.43)
Also a past top pick today. Management has succeeded in shifting its revenue mix from 32% new product and service revenues to more than 50% today to reduce cyclicality. The stock has been a victim of overblown recession fears, and problems in their South American unit, though today they reported that as fixed. They boast 13% ROE and 6% dividend growth rate. (Analysts’ price target is $28.43)
wholesale distributors
DON'T BUY
DON'T BUY
April 9, 2019
A laggard. He bought it over the winter, pulled back, so he sold it. FTT is trying to find a floor. Compare this to peer, Toromont, which is like day and night. Toromont has broken to new highs.
A laggard. He bought it over the winter, pulled back, so he sold it. FTT is trying to find a floor. Compare this to peer, Toromont, which is like day and night. Toromont has broken to new highs.
wholesale distributors
BUY WEAKNESS
BUY WEAKNESS
February 25, 2019
Hold it for two years? It's a deeply cyclical stock that hasn't been doing well. He wouldn't hold it for two years, but rather buy it now as a trading opportunity.
Hold it for two years? It's a deeply cyclical stock that hasn't been doing well. He wouldn't hold it for two years, but rather buy it now as a trading opportunity.
wholesale distributors
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
$24.930
Unknown
Comments
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