Finning Int | StockChase
201
Finning Int (FTT-T)

Last Price Recorded: $30.9500 on 2017-11-21

ON STOCKCHASE SINCE Mar 2001

Caterpillar franchises

wholesale distributors

Finning Int


Signal Opinion Expert

2017-09-06

COMMENT
Finning Int (FTT-T)

Has a lot of respect for how management has turned the business around over the past number of years. Now there is more good news being priced into the business, and it is clear that it is past the worst. Now that this business bounces off the bottom, there are certain things that happen. Incremental margins are better, but free cash flow conversions actually are worse, because they now have to invest in net working capital to grow the business. He likes the company, and over the years they can do just fine, but it is not the risk/return that it was.

wholesale distributors
Stephen Groff

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $27.940
Owned: Yes

2017-08-30

TOP PICK
Finning Int (FTT-T)

The world’s largest Caterpillar dealer. Their largest customers are public works. Mining is their 2nd largest. Mining industry capital spend has been in a nuclear winter since 2012, and is just coming out of that. Dividend yield of 2.8% per year and they’ve grown their dividend 8% per year (Analysts’ price target is $32.)

wholesale distributors
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $28.750
Owned: Yes

2016-11-14

WATCH
Finning Int (FTT-T)

It was down trending, formed a really nice base and now is braking out.  It is a cup and handle formation.  It is struggling to break out.

wholesale distributors
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $25.630
Owned: Unknown

2016-10-18

BUY
Finning Int (FTT-T)

(Market Call Minute.) Earnings have troughed here, and the market is telling you those earnings have troughed.

wholesale distributors
Steve DiGregorio

Portfolio Manager, Canoe Financial

Price: $25.580
Owned: Unknown

2016-09-07

COMMENT
Finning Int (FTT-T)

A very well-run business, and new management has done a very good job of restructuring. The Canadian business has been optimized/right sized, the South American business has been fixed, and they are in the process of fixing the UK business. That is going to take a little time, but he believes the company is well positioned for an ultimate rebound in their end market, which is Cat equipment, tied to things like oil sands, copper ore, etc. They generate a material amount of free cash flow. Expectations off the low are a little different and has been re-rated to a degree, but in tough times are cyclical cash flow benefits. In good times there are nice incremental margins and high operating leverage, that should drive nice earnings growth should things get better. He would be comfortable with this.

wholesale distributors
Stephen Groff

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $23.520
Owned: Unknown

2016-06-10

WATCH
Finning Int (FTT-T)

This is in the industrials, a sector that he likes. The peak was reached in 2007, and then it failed to make a new high in 2011, which put a cap on the stock for a while. It has now digested that move. Now has a well-defined Low at the beginning of this year and thinks it is now going to correct. As the corrective period goes on, the volume increases, and as it moves higher, the volume spikes up again. Watch the volume.

wholesale distributors
Bill Carrigan

Technical Analyst, Getting Technical Info Service

Price: $21.560
Owned: Unknown

2016-06-06

DON'T BUY
Finning Int (FTT-T)

They used to be a serial dividend increaser.  There is not a big demand for what they sell right now.

wholesale distributors
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $22.530
Owned: No

2016-04-20

COMMENT
Finning Int (FTT-T)

He owns this, because it is a much higher quality way to play a lot of mining and energy in general. Think of this as being in 2 important segments, oil sands in Western Canada, and Chilean copper. Both are clearly having a very difficult time. The business generates a lot of counter cyclical cash flows, so right now when things are more difficult, they are generating more cash as they liquidate inventory. There is an underlying service component which is very attractive. Companies that take stuff out of the ground, effectively can run a machine for a long time. Eventually the machine breaks. We are at the point now where a lot of companies have been parking machines, and then they start fixing and replacing things. Eventually the market for new machines will improve. Valuation is okay.

wholesale distributors
Stephen Groff

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $21.820
Owned: Yes

2016-02-29

WATCH
Finning Int (FTT-T)

We have seen some slowing in Western Canada for demand in the products they provide.  This is probably a permanent long term squeeze on their business.  The yield is relatively low.  He is currently doing homework on this company.

wholesale distributors
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $18.730
Owned: No

2016-02-24

DON'T BUY
Finning Int (FTT-T)

(Market Call Minute.) Would probably avoid this right now. If we saw the US$ start to decline, that would be good for a company like this. In the mean time they are probably going to have a lot of wind in their face, and earnings numbers are probably not going to be very strong.

wholesale distributors
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $17.990
Owned: No

2015-11-05

COMMENT
Finning Int (FTT-T)

This is like a “Dog of the TSX” type strategy. You can sell Puts on this and get a little bit of it, and then maybe a year from now get a little bit more. You are going to get paid your dividend. A quality name trading below its five-year average with very good metrics. Strong balance sheet and strong Return on Capital. They have buybacks. In his view, this part of the market goes lower. He doesn’t think it is going higher in the next 12 months.

wholesale distributors
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $20.910
Owned: Unknown

2015-10-08

BUY
Finning Int (FTT-T)

A good company, well managed, good balance sheet.  But it does not make the cut for him because he has CNR-T and it is a faster dividend grower.  FFT-T will do fine with a two year horizon.

wholesale distributors
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $21.890
Owned: No

2015-10-02

HOLD
Finning Int (FTT-T)

Probably going to be dead money for a while.  The dividend is safe and has a low payout ratio.  It is cheap and is a quality name.

wholesale distributors
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $19.230
Owned: No

2015-09-25

HOLD
Finning Int (FTT-T)

This is the Caterpillar dealer. The stock is quite weak as a result of the commodity business, their key segment. If you own, continue to Hold, but he wouldn’t add to your holdings.

wholesale distributors
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Management

Price: $19.900
Owned: No

2015-07-21

COMMENT
Finning Int (FTT-T)

Had it, but sold it all in Oct. The chart is showing a fishbowl with a rounded top. Thinks it will go back to the $20.00 range. It is in a space that might be a little problematic.


wholesale distributors
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $22.050
Owned: Unknown

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