Finning Int

FTT-T

TSE:FTT

21.37
0.05 (0.23%)
Finning International Inc., headquartered in Vancouver, British Columbia, Canada, is the world's largest distributor of Caterpillar products and support services.
More at Wikipedia

Analysis and Opinions about FTT-T

Signal
Opinion
Expert
BUY
BUY
June 23, 2015

The dividend is well covered. It is a stellar dividend growth story. There is a headwind from Western Canada, but there is also the service revenue from the equipment in the oil patch.

Show full opinionHide full opinion
Finning Int (FTT-T)
June 23, 2015

The dividend is well covered. It is a stellar dividend growth story. There is a headwind from Western Canada, but there is also the service revenue from the equipment in the oil patch.

PARTIAL BUY
PARTIAL BUY
April 23, 2015

There is weakness in new equipment sales, but they are having modest strength in sales of used equipment, rentals and product support. Also, the lower Cdn$ is mitigating to a certain extent. He doesn’t see a lot of growth. Expects they will be increasing their dividend 12% over the next couple of years. Their payout ratio is really low. You could probably pick away at this if you are patient. 3% dividend yield.

Show full opinionHide full opinion
Finning Int (FTT-T)
April 23, 2015

There is weakness in new equipment sales, but they are having modest strength in sales of used equipment, rentals and product support. Also, the lower Cdn$ is mitigating to a certain extent. He doesn’t see a lot of growth. Expects they will be increasing their dividend 12% over the next couple of years. Their payout ratio is really low. You could probably pick away at this if you are patient. 3% dividend yield.

PARTIAL BUY
PARTIAL BUY
January 30, 2015

Caterpillar (CAT-N) came out with a weak outlook recently, which hit this company. His numbers are even more negative and assumes new equipment sales fall 20% in Canada, 10% in South America. Even with that, given their strength in product support, he sees their overall earnings actually rising by 5% in 2015. If his assumption is right, it means they earn a $2.29 free cash flow, which gives them about 11% free cash flow yield. If you are looking long-term, the dividend is safe with a 34% payout ratio and the balance sheet is strong. This could be accumulated down at these prices.

Show full opinionHide full opinion
Finning Int (FTT-T)
January 30, 2015

Caterpillar (CAT-N) came out with a weak outlook recently, which hit this company. His numbers are even more negative and assumes new equipment sales fall 20% in Canada, 10% in South America. Even with that, given their strength in product support, he sees their overall earnings actually rising by 5% in 2015. If his assumption is right, it means they earn a $2.29 free cash flow, which gives them about 11% free cash flow yield. If you are looking long-term, the dividend is safe with a 34% payout ratio and the balance sheet is strong. This could be accumulated down at these prices.

COMMENT
COMMENT
November 21, 2014

Very, very dependent on the resource industries, particularly mining, energy as well as construction. Insofar as you can see the economic landscape picking up, this one longer-term is a good industrial holding from here. For him to get interested in it, he would want to see it below $25.

Show full opinionHide full opinion
Finning Int (FTT-T)
November 21, 2014

Very, very dependent on the resource industries, particularly mining, energy as well as construction. Insofar as you can see the economic landscape picking up, this one longer-term is a good industrial holding from here. For him to get interested in it, he would want to see it below $25.

BUY WEAKNESS
BUY WEAKNESS
September 19, 2014

Equipment makers aren’t the best place to be right now. However he still sees nice EBITDA growth of about 7% and he gets this from a little bit of revenue growth of about 5.5%, but really from improving operations and better margins. Sees their balance sheet strengthening quite a bit and sees their dividend growing nicely over the next couple of years, maybe about 13%. A good quality name. Buy on a pullback.

Show full opinionHide full opinion
Finning Int (FTT-T)
September 19, 2014

Equipment makers aren’t the best place to be right now. However he still sees nice EBITDA growth of about 7% and he gets this from a little bit of revenue growth of about 5.5%, but really from improving operations and better margins. Sees their balance sheet strengthening quite a bit and sees their dividend growing nicely over the next couple of years, maybe about 13%. A good quality name. Buy on a pullback.

DON'T BUY
DON'T BUY
August 11, 2014

(Market Call Minute.) Has a new CFO. Thinks they are turning the business around. The mining business is going to be a little bit challenged. He would go to Cummins (CMI-N) instead.

Show full opinionHide full opinion
Finning Int (FTT-T)
August 11, 2014

(Market Call Minute.) Has a new CFO. Thinks they are turning the business around. The mining business is going to be a little bit challenged. He would go to Cummins (CMI-N) instead.

DON'T BUY
DON'T BUY
March 14, 2014

Fairly expensive from a historical perspective. Doesn’t know what you do with this stock. It has some upside potential, but on the whole, he would rather be in Poughkeepsie. Trading at 3X BV, which is about its long-term average high.

Show full opinionHide full opinion
Finning Int (FTT-T)
March 14, 2014

Fairly expensive from a historical perspective. Doesn’t know what you do with this stock. It has some upside potential, but on the whole, he would rather be in Poughkeepsie. Trading at 3X BV, which is about its long-term average high.

COMMENT
COMMENT
March 10, 2014

Largest Caterpillar (CAT-N) reseller globally. Has sort of waxed and waned with the global mining industry. When base metals are hot, this company is hot. Has done better this year, but looking at a few years, when mining cooled off this cooled off and is now just getting back where it was 3 or 4 years ago. Very well managed. Terrific franchise.

Show full opinionHide full opinion
Finning Int (FTT-T)
March 10, 2014

Largest Caterpillar (CAT-N) reseller globally. Has sort of waxed and waned with the global mining industry. When base metals are hot, this company is hot. Has done better this year, but looking at a few years, when mining cooled off this cooled off and is now just getting back where it was 3 or 4 years ago. Very well managed. Terrific franchise.

BUY
BUY
February 13, 2014

(Market Call Minute.) Caterpillar distributor. Likes this. Cheap compared to its major competitor. It’s in all the growth areas.

Show full opinionHide full opinion
Finning Int (FTT-T)
February 13, 2014

(Market Call Minute.) Caterpillar distributor. Likes this. Cheap compared to its major competitor. It’s in all the growth areas.

BUY
BUY
February 11, 2014

Interesting name. New management came in. It was a way for him to have exposure to the mining business without all the volatility. Over the next couple of years it will stabilize and margins will come back.

Show full opinionHide full opinion
Finning Int (FTT-T)
February 11, 2014

Interesting name. New management came in. It was a way for him to have exposure to the mining business without all the volatility. Over the next couple of years it will stabilize and margins will come back.

DON'T BUY
DON'T BUY
January 21, 2014

Has gone through a recent change. Feels management is skilled. It has been long known to be a very well run company. Thinks the mining business is going to continue to be challenged for the foreseeable future. Have exposure in Latin America as well. Wouldn’t pursue at these rates. Would prefer owning Caterpillar (CAT-N) because he likes the US$ over the Cdn$.

Show full opinionHide full opinion
Finning Int (FTT-T)
January 21, 2014

Has gone through a recent change. Feels management is skilled. It has been long known to be a very well run company. Thinks the mining business is going to continue to be challenged for the foreseeable future. Have exposure in Latin America as well. Wouldn’t pursue at these rates. Would prefer owning Caterpillar (CAT-N) because he likes the US$ over the Cdn$.

COMMENT
COMMENT
January 14, 2014

(Market Call Minute.) Closed at $26.22. His model price is $37.43, a 42% upside. He would love to see it back at $22.57. He would buy it at $28 if it had a positive transit.

Show full opinionHide full opinion
Finning Int (FTT-T)
January 14, 2014

(Market Call Minute.) Closed at $26.22. His model price is $37.43, a 42% upside. He would love to see it back at $22.57. He would buy it at $28 if it had a positive transit.

BUY
BUY
December 18, 2013

(Market Call Minute.) Coming out with some better earnings and there seems to be a bit of light at the end of the tunnel.

Show full opinionHide full opinion
Finning Int (FTT-T)
December 18, 2013

(Market Call Minute.) Coming out with some better earnings and there seems to be a bit of light at the end of the tunnel.

PAST TOP PICK
PAST TOP PICK
November 15, 2013

(A Top Pick Nov 6/12. Up 10.54%.) Thinks this is a very challenged space right now however, he thinks the market has concluded that they are excellent operators. Had their Q3 yesterday and the market reacted positively. Trimmed his position last winter, when the China story was not playing in a straight line. Doesn’t think it’s your easiest name for making money going forward. Great company.

Show full opinionHide full opinion
Finning Int (FTT-T)
November 15, 2013

(A Top Pick Nov 6/12. Up 10.54%.) Thinks this is a very challenged space right now however, he thinks the market has concluded that they are excellent operators. Had their Q3 yesterday and the market reacted positively. Trimmed his position last winter, when the China story was not playing in a straight line. Doesn’t think it’s your easiest name for making money going forward. Great company.

BUY
BUY
September 16, 2013

Under some pressure recently. Anticipated that the revenues will grow in the area of $1 billion in the next 5 years in the service sector of their business with some of it being in the mining area. They are less and less dependent on selling equipment to miners in South America or to the oil sands. Very good value in the low $20 area. 2.73% dividend yield.

Show full opinionHide full opinion
Finning Int (FTT-T)
September 16, 2013

Under some pressure recently. Anticipated that the revenues will grow in the area of $1 billion in the next 5 years in the service sector of their business with some of it being in the mining area. They are less and less dependent on selling equipment to miners in South America or to the oil sands. Very good value in the low $20 area. 2.73% dividend yield.

Showing 46 to 60 of 230 entries