Recipe Unlimited Corporation

RECP-T

TSE:RECP

19.10
0.47 (2.40%)
Recipe Unlimited Corporation is a Canadian company that operates several restaurant chains including Harvey's, Swiss Chalet, Fionn MacCool's, Kelsey's, Milestones, East Side Mario's, Montana's and St-Hubert.
More at Wikipedia

Analysis and Opinions about RECP-T

Signal
Opinion
Expert
COMMENT
COMMENT
September 26, 2017

Has been suffering because of the increase in minimum wage in Ontario. Thinks the increase is a great idea. If you take people who are earning less than $12 an hour, and all of a sudden up their wages by $3 an hour, they are going to spend the money for the most part because they need to. That in itself will create jobs.

Has been suffering because of the increase in minimum wage in Ontario. Thinks the increase is a great idea. If you take people who are earning less than $12 an hour, and all of a sudden up their wages by $3 an hour, they are going to spend the money for the most part because they need to. That in itself will create jobs.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$24.000
Owned
Unknown
COMMENT
COMMENT
August 29, 2017

Looked at this a year ago, but couldn’t get excited about the name. He’d rather put his money in a name like Starbucks (SBUX-Q). The valuation is not cheap enough to get him excited.

Looked at this a year ago, but couldn’t get excited about the name. He’d rather put his money in a name like Starbucks (SBUX-Q). The valuation is not cheap enough to get him excited.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$22.580
Owned
No
PAST TOP PICK
PAST TOP PICK
August 18, 2017

(Top Pick Sept. 9/16, Down 22.60%) He is disappointed. They have a big exposure to Alberta and the impact from oil is going down. Same store sales are starting to stabilize. It is too cheap to see it here, but it has probably seen its bottom.

(Top Pick Sept. 9/16, Down 22.60%) He is disappointed. They have a big exposure to Alberta and the impact from oil is going down. Same store sales are starting to stabilize. It is too cheap to see it here, but it has probably seen its bottom.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$22.900
Owned
Yes
HOLD
HOLD
July 25, 2017

It has not been a good investment in the short term. Their Western Canada acquisition exacerbated their exposure to their Alberta and Saskatchewan markets. They are going to expand their St. Hubert and Swiss Chalet products in supermarkets.

It has not been a good investment in the short term. Their Western Canada acquisition exacerbated their exposure to their Alberta and Saskatchewan markets. They are going to expand their St. Hubert and Swiss Chalet products in supermarkets.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$24.600
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 1, 2017

(Top Pick May 2/16, Down 19%) It was a disappointment because their same store sales were pretty anemic. It had to do with the oil patch. Long term they are investing in their restaurants and turning them around. St. Hubert in Quebec was a good investment.

(Top Pick May 2/16, Down 19%) It was a disappointment because their same store sales were pretty anemic. It had to do with the oil patch. Long term they are investing in their restaurants and turning them around. St. Hubert in Quebec was a good investment.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$25.260
Owned
Yes
BUY
BUY
March 15, 2017

This has been a very interesting turnaround. They’ve done a great transition on costs, and have become better on marketing. There are some short-term challenges in terms of the economic environment, primarily in the West. It is very much a franchise model they are shifting towards that with many other banners. Generates solid cash flow. Not the cheapest stock, but you have to give management credit with what they have done. Reasonable value for what you are getting. Dividend yield of 1.5%.

This has been a very interesting turnaround. They’ve done a great transition on costs, and have become better on marketing. There are some short-term challenges in terms of the economic environment, primarily in the West. It is very much a franchise model they are shifting towards that with many other banners. Generates solid cash flow. Not the cheapest stock, but you have to give management credit with what they have done. Reasonable value for what you are getting. Dividend yield of 1.5%.

Stephen Groff
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$26.450
Owned
Yes
TOP PICK
TOP PICK
February 10, 2017

This has been a disappointing stock since he bought it. The largest restaurant company in Canada. It grows by acquisition and franchising’s operations. Alberta has been hurting the stock. Just made an acquisition of a large Québec operation. Trades at a discount to US counterparts. Dividend yield of 1.57%. (Analysts’ price target is $30.86.)

This has been a disappointing stock since he bought it. The largest restaurant company in Canada. It grows by acquisition and franchising’s operations. Alberta has been hurting the stock. Just made an acquisition of a large Québec operation. Trades at a discount to US counterparts. Dividend yield of 1.57%. (Analysts’ price target is $30.86.)

Norman Levine
Managing Director, Portfolio Management Corp
Price
$26.030
Owned
Yes
COMMENT
COMMENT
January 5, 2017

This seems to be in the mode of buying more. You will probably get a dividend increase over time, but they are on the acquisition trail, so they are on the growth mode.

This seems to be in the mode of buying more. You will probably get a dividend increase over time, but they are on the acquisition trail, so they are on the growth mode.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$24.570
Owned
Unknown
BUY
BUY
December 28, 2016

This has not been performing in this market, and he bought some just recently. Thinks the outlook is quite good. Believes it is the biggest restaurant operator in Canada. Have significant operations in Alberta which has been hurt by the fall in energy prices, as well as Fort McMurray. They made a significant acquisition this year of the St Hubert operations in Québec, which will pay off in spades in the long run.

This has not been performing in this market, and he bought some just recently. Thinks the outlook is quite good. Believes it is the biggest restaurant operator in Canada. Have significant operations in Alberta which has been hurt by the fall in energy prices, as well as Fort McMurray. They made a significant acquisition this year of the St Hubert operations in Québec, which will pay off in spades in the long run.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$24.570
Owned
Yes
TOP PICK
TOP PICK
December 9, 2016

2016 was definitely a step-back year. They had negative same store sales growth. There was weakness in Alberta. However, it is trading at a substantial discount now of 17X, versus its highly-franchised peers of around 25 X. He is modelling 17% EPS compounded annually over the next couple of years, from a combination of new store openings, innovations and digital marketing, as well as integrating their St Hubert acquisition. Dividend yield of 1.61%. (Analysts’ price target is $31.63.)

2016 was definitely a step-back year. They had negative same store sales growth. There was weakness in Alberta. However, it is trading at a substantial discount now of 17X, versus its highly-franchised peers of around 25 X. He is modelling 17% EPS compounded annually over the next couple of years, from a combination of new store openings, innovations and digital marketing, as well as integrating their St Hubert acquisition. Dividend yield of 1.61%. (Analysts’ price target is $31.63.)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$25.580
Owned
Yes
DON'T BUY
DON'T BUY
November 3, 2016

Looked at this when it fell back close to its IPO level, but he would never bet against Fairfax which owns a significant stake in the company. They are doing all the right things. They are trying to increase their network. Canada is just not in a growth mode right now, and they have too many stores out West. They have wonderful brands. The valuation is not cheap enough for him to get excited.

Looked at this when it fell back close to its IPO level, but he would never bet against Fairfax which owns a significant stake in the company. They are doing all the right things. They are trying to increase their network. Canada is just not in a growth mode right now, and they have too many stores out West. They have wonderful brands. The valuation is not cheap enough for him to get excited.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$26.160
Owned
No
TOP PICK
TOP PICK
September 9, 2016

He likes the restaurant space. This is kind of unique in that it, along with MTY Food Group (MTY-T), is an acquirer of other brands. MTY is in the food court space mostly while this one is mostly in quick serve and self-serve dining. Very good management. He expects the dividend to start increasing. Good valuation and good growth opportunities. Dividend yield of 1.35%.

He likes the restaurant space. This is kind of unique in that it, along with MTY Food Group (MTY-T), is an acquirer of other brands. MTY is in the food court space mostly while this one is mostly in quick serve and self-serve dining. Very good management. He expects the dividend to start increasing. Good valuation and good growth opportunities. Dividend yield of 1.35%.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$30.020
Owned
Yes
TOP PICK
TOP PICK
May 2, 2016

Brand new for him. He likes it because he wanted to increase his presence in Canada, but not in resources. It is the Canadian consolidator in the restaurant business. The dual class share structure is their only drawback.

Brand new for him. He likes it because he wanted to increase his presence in Canada, but not in resources. It is the Canadian consolidator in the restaurant business. The dual class share structure is their only drawback.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$31.680
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 28, 2016

(Top Pick May 11/15, Up 8.27%) Just acquired St. Hubert. It is the Swiss Chalet type of eating in Quebec. Management is brilliant. He thinks it will steadily rise from here. It is not winning big, however.

(Top Pick May 11/15, Up 8.27%) Just acquired St. Hubert. It is the Swiss Chalet type of eating in Quebec. Management is brilliant. He thinks it will steadily rise from here. It is not winning big, however.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$32.350
Owned
Yes
COMMENT
COMMENT
April 18, 2016

Chart shows a big rounding base from last November. The first thing that will be seen is some resistance coming in at $35. Some of the indicators on a short term basis are extremely high. There is a $55 technical target.

Chart shows a big rounding base from last November. The first thing that will be seen is some resistance coming in at $35. Some of the indicators on a short term basis are extremely high. There is a $55 technical target.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$32.720
Owned
Unknown
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