Finning Int

FTT-T

TSE:FTT

19.86
0.22 (1.12%)
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
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.

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)
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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)
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.
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Finning Int (FTT-T)
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.
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.
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Finning Int (FTT-T)
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.
BUY
BUY
February 21, 2019
A cyclical name. Exposed to Western Canada. They reported today and it was sloppy in Latin America. Good backlog in Canada and great balance sheet. It trades at a reasonable multiple considering its growth rate. If we don't get Line 3 in Canada it wont be a great year for 2019. But he sees this as a when more than an if. Good long term holding
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Finning Int (FTT-T)
February 21, 2019
A cyclical name. Exposed to Western Canada. They reported today and it was sloppy in Latin America. Good backlog in Canada and great balance sheet. It trades at a reasonable multiple considering its growth rate. If we don't get Line 3 in Canada it wont be a great year for 2019. But he sees this as a when more than an if. Good long term holding
COMMENT
COMMENT
January 30, 2019
Exposed to western Canadian oil and South American copper. He's more optimistic about the oil sector than copper; he expects the oil price will recover. But getting Canadian oil into US markets will remain a long-term issue without an instant fix. FTT is good name to own with good managers. Don't see a lot of upside short-term though.
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Finning Int (FTT-T)
January 30, 2019
Exposed to western Canadian oil and South American copper. He's more optimistic about the oil sector than copper; he expects the oil price will recover. But getting Canadian oil into US markets will remain a long-term issue without an instant fix. FTT is good name to own with good managers. Don't see a lot of upside short-term though.
Jim Huang

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Price
$24.320
Owned
Unknown
HOLD
HOLD
January 23, 2019
The multiples are near 11 times earnings -- quite cheap. Management has gotten into good higher margin business in the energy space. On all metrics it looks very enticing. They had added to their position around $25.50. He met with management team recently and believes they will be able to continue to expand margins into the future.
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Finning Int (FTT-T)
January 23, 2019
The multiples are near 11 times earnings -- quite cheap. Management has gotten into good higher margin business in the energy space. On all metrics it looks very enticing. They had added to their position around $25.50. He met with management team recently and believes they will be able to continue to expand margins into the future.
WATCH
WATCH
January 17, 2019
They have a Caterpillar franchise out west and are in Latin America. They have a facility where they remanufacture Caterpillar parts. If you think there are legs left in the mining cycle you could add to it.
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Finning Int (FTT-T)
January 17, 2019
They have a Caterpillar franchise out west and are in Latin America. They have a facility where they remanufacture Caterpillar parts. If you think there are legs left in the mining cycle you could add to it.
TOP PICK
TOP PICK
September 28, 2018

End markets are in early stages of recovery, robust backlog. Really nice growth. Really good balance sheet. ROC is 17% for 2019. Good Q2 performance. Pretty cheap. Tailwinds from the macro story and efficiency gains. Decent dividend. Bluer chip name. Will do well over the next 1-2 years. Yield is 2.5%. (Analysts’ price target is $39.17.)

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Finning Int (FTT-T)
September 28, 2018

End markets are in early stages of recovery, robust backlog. Really nice growth. Really good balance sheet. ROC is 17% for 2019. Good Q2 performance. Pretty cheap. Tailwinds from the macro story and efficiency gains. Decent dividend. Bluer chip name. Will do well over the next 1-2 years. Yield is 2.5%. (Analysts’ price target is $39.17.)

TOP PICK
TOP PICK
July 26, 2018

Q2 they checked all boxes. A story of improved macro tailwinds combined with increased margin efficiencies and cost cutting. They model earnings growth of 28%. Trading at 153 times 2019. (Analysts’ price target is $38.83)

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Finning Int (FTT-T)
July 26, 2018

Q2 they checked all boxes. A story of improved macro tailwinds combined with increased margin efficiencies and cost cutting. They model earnings growth of 28%. Trading at 153 times 2019. (Analysts’ price target is $38.83)

BUY
BUY
July 12, 2018

Chile and Western Canada are huge markets. They are starting to consume cash for working capital but they are a good business.

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Finning Int (FTT-T)
July 12, 2018

Chile and Western Canada are huge markets. They are starting to consume cash for working capital but they are a good business.

PAST TOP PICK
PAST TOP PICK
June 28, 2018

(A Top Pick Aug 30/17, Up 14%) He saw the stirrings in capital expenditures in mining. Their product is made with steel and is in the news regarding trade wars. These are indispensible machines in the mining industry, however.

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Finning Int (FTT-T)
June 28, 2018

(A Top Pick Aug 30/17, Up 14%) He saw the stirrings in capital expenditures in mining. Their product is made with steel and is in the news regarding trade wars. These are indispensible machines in the mining industry, however.

TOP PICK
TOP PICK
May 16, 2018

It's the world's largest Caterpillar equipment dealer and they also do after-market service and support, which reduces the cyclicality of this business. It boasts 15% ROE and trades at 17x earnings. (Analysts' price target $38.83)

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Finning Int (FTT-T)
May 16, 2018

It's the world's largest Caterpillar equipment dealer and they also do after-market service and support, which reduces the cyclicality of this business. It boasts 15% ROE and trades at 17x earnings. (Analysts' price target $38.83)

HOLD
HOLD
February 14, 2018

He fills the time to buy this company has passed. He had owned three years ago and sentiment is towards holding. Management has engineered a good turnaround. Pricing is improving for new equipment and he likes the model. He still owns a small holding. Infrastructure spending in the US will have to be seen.

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Finning Int (FTT-T)
February 14, 2018

He fills the time to buy this company has passed. He had owned three years ago and sentiment is towards holding. Management has engineered a good turnaround. Pricing is improving for new equipment and he likes the model. He still owns a small holding. Infrastructure spending in the US will have to be seen.

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