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.
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Analysis and Opinions about FTT-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 8, 2013

Has been cautious on anything related to resources. It is underperforming. Revenue growth is struggling.

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Finning Int (FTT-T)
August 8, 2013

Has been cautious on anything related to resources. It is underperforming. Revenue growth is struggling.

TOP PICK
TOP PICK
July 10, 2013

Company has announced their Operational Excellence program to improve margins to a targeted 10% level, which may take a couple of years to achieve. Sees good growth in service revenues; a much greater proportion of the total so that it is much less cyclical then selling new Caterpillar (CAT-N) equipment, which has been the bulk of their business. This will give more consistency to earnings as well as better margins. Yield of 2.7% with further dividend increases forecasted over the next 3 years.

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Finning Int (FTT-T)
July 10, 2013

Company has announced their Operational Excellence program to improve margins to a targeted 10% level, which may take a couple of years to achieve. Sees good growth in service revenues; a much greater proportion of the total so that it is much less cyclical then selling new Caterpillar (CAT-N) equipment, which has been the bulk of their business. This will give more consistency to earnings as well as better margins. Yield of 2.7% with further dividend increases forecasted over the next 3 years.

BUY
BUY
April 23, 2013

Thinks there will be an expansion in margins this year so even if the top line growth may not grow significantly, you should get decent cash flow growth. There could also be a dividend increase.

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Finning Int (FTT-T)
April 23, 2013

Thinks there will be an expansion in margins this year so even if the top line growth may not grow significantly, you should get decent cash flow growth. There could also be a dividend increase.

BUY WEAKNESS
BUY WEAKNESS
January 21, 2013

Not us as cheap as it was a few months ago but still trading below its five-year average. Revenue growth is slowing but will still do about 5% revenue growth in 2013, 7% for 2014. When you combine that with expanding margins for the next 3 years, you get a really big number, a boost in their EPS by about 65%. If you believe in the global growth and China story, it’s a good one to be buying. Buy on a pull back.

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Finning Int (FTT-T)
January 21, 2013

Not us as cheap as it was a few months ago but still trading below its five-year average. Revenue growth is slowing but will still do about 5% revenue growth in 2013, 7% for 2014. When you combine that with expanding margins for the next 3 years, you get a really big number, a boost in their EPS by about 65%. If you believe in the global growth and China story, it’s a good one to be buying. Buy on a pull back.

PAST TOP PICK
PAST TOP PICK
January 2, 2013

(A Top Pick Jan 4/12. Up 14.23%.) Hit his target price so he sold out in April. Stock dropped back and he re-bought in the $22 range. This is a very good stock if you are disciplined as it trades low $20s up to the high $20s and sometimes into the $30’s.

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Finning Int (FTT-T)
January 2, 2013

(A Top Pick Jan 4/12. Up 14.23%.) Hit his target price so he sold out in April. Stock dropped back and he re-bought in the $22 range. This is a very good stock if you are disciplined as it trades low $20s up to the high $20s and sometimes into the $30’s.

TOP PICK
TOP PICK
November 6, 2012

This is a bet on an improving economy even with reduced revenue growth. Still have very strong margins expanding between 9%-10% between now and 2013. Trading at around 6.2X EV to EBITDA compared to their peers at around 8X. This stock has pretty much moved lockstep with copper so if you think China is going to come back a little bit and that US is getting more constructive and that copper is going to do a little bit better, this will probably follow as well.

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Finning Int (FTT-T)
November 6, 2012

This is a bet on an improving economy even with reduced revenue growth. Still have very strong margins expanding between 9%-10% between now and 2013. Trading at around 6.2X EV to EBITDA compared to their peers at around 8X. This stock has pretty much moved lockstep with copper so if you think China is going to come back a little bit and that US is getting more constructive and that copper is going to do a little bit better, this will probably follow as well.

PAST TOP PICK
PAST TOP PICK
August 31, 2012

(A Top Pick Aug 22/11. Up 7.14%.) Holding steady in the low $20’s. So as long as it holds there he would probably continue holding. 2.5% yield.

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Finning Int (FTT-T)
August 31, 2012

(A Top Pick Aug 22/11. Up 7.14%.) Holding steady in the low $20’s. So as long as it holds there he would probably continue holding. 2.5% yield.

BUY
BUY
August 28, 2012

Good business and all of the markets they operate in are performing well and have growth opportunities. Bug Finning has had a number of challenges and it has nothing to do with CAT equipment, but more to do with their operations. Revenues are growing and backlog is up 6% so it is doing well but investors are focusing on the cost line. If they can get them under control then investors will reward them with north of $30 for the stock price. Prefers to Caterpillar.

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Finning Int (FTT-T)
August 28, 2012

Good business and all of the markets they operate in are performing well and have growth opportunities. Bug Finning has had a number of challenges and it has nothing to do with CAT equipment, but more to do with their operations. Revenues are growing and backlog is up 6% so it is doing well but investors are focusing on the cost line. If they can get them under control then investors will reward them with north of $30 for the stock price. Prefers to Caterpillar.

HOLD
HOLD
August 27, 2012

(Market Call Minute.) Has been looking at this one. Expect things in the mining industry will be picking up again over the next few years.

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Finning Int (FTT-T)
August 27, 2012

(Market Call Minute.) Has been looking at this one. Expect things in the mining industry will be picking up again over the next few years.

BUY
BUY
August 23, 2012

Good dividend growth story. One of the largest CAT dealers around the world. Had trouble with inventory management software, but that is moving in the right direction and is now behind them.

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Finning Int (FTT-T)
August 23, 2012

Good dividend growth story. One of the largest CAT dealers around the world. Had trouble with inventory management software, but that is moving in the right direction and is now behind them.

PAST TOP PICK
PAST TOP PICK
May 30, 2012
(Top Pick May 16, 2011, Down 8.71%) He sold in March and made a modest return.
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Finning Int (FTT-T)
May 30, 2012
(Top Pick May 16, 2011, Down 8.71%) He sold in March and made a modest return.
BUY
BUY
April 26, 2012
All equipment dealers are a really good place to be in the Canadian market. They are tied to the performance of the oil/gas sector. This stock is trading below its normal historical range at around 7.2 EBITDA. Have had some cost issues, which is likely now done. Good chance they could boost their dividends.
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Finning Int (FTT-T)
April 26, 2012
All equipment dealers are a really good place to be in the Canadian market. They are tied to the performance of the oil/gas sector. This stock is trading below its normal historical range at around 7.2 EBITDA. Have had some cost issues, which is likely now done. Good chance they could boost their dividends.
PAST TOP PICK
PAST TOP PICK
April 20, 2012
(A Top Pick Aug 22/11. Up 28.51%.) He is getting close to selling is as it has started coming back. Wants to see it going back up to $30 again in the next month or so, otherwise he will exit.
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Finning Int (FTT-T)
April 20, 2012
(A Top Pick Aug 22/11. Up 28.51%.) He is getting close to selling is as it has started coming back. Wants to see it going back up to $30 again in the next month or so, otherwise he will exit.
TOP PICK
TOP PICK
March 13, 2012
A bit miss-priced, trading below its historical range. Announced 5% growth, which he thinks is a bit cautious. Had some cost pressures in their Canadian operations, which will abate. Can raise the dividend toward the second half. Capital has gone towards their competitors, leaving them miss-priced.
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Finning Int (FTT-T)
March 13, 2012
A bit miss-priced, trading below its historical range. Announced 5% growth, which he thinks is a bit cautious. Had some cost pressures in their Canadian operations, which will abate. Can raise the dividend toward the second half. Capital has gone towards their competitors, leaving them miss-priced.
DON'T BUY
DON'T BUY
February 21, 2012
(Market Call Minute.) Street is expecting a lot from this company in 2012 and you are paying up for that expectation. He wouldn't pay that multiple.
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Finning Int (FTT-T)
February 21, 2012
(Market Call Minute.) Street is expecting a lot from this company in 2012 and you are paying up for that expectation. He wouldn't pay that multiple.
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