TSE:TCL.B

18.01
0.76 (4.41%) 1d
0
BUY
The short-term outlook is troubled: foreign exchange, their packaging business has diversified into flexible packaging. The packaging business' revenues are concentrated in the US, so there's pressure from the exchange rate. Also, input costs of resin (from oil and natural gas which are rising sharply). So, they're under-earning now. Also, Ottawa's emergency wage fund during Covid is now over. TCL should recover in 2022. It trades below 8x earnings, so the stock is now cheap. This is a value stock, so needs a catalyst. They just changed the CPO, which he sees as a positive catalyst.
0
DON'T BUY
This stock is down 50% the last year. It is going from cheap to cheaper. It is hard to understand why the stock is down so much. The stock has fallen off a cliff. The disconnect is that the news out there does not correlate with the share price.
0
DON'T BUY
It's lower than the beginning of the year. Seasonally it is not there. There are no signs of it stopping dropping.
0
DON'T BUY
Spilt milk around $30. $20 level is important. So $13-15 really brings some interest in. Don't be in a rush to pick this up. Not a huge fan of averaging down. Stock could languish for a while. Going to have a hard time getting through $20. Better places to deploy capital. Don't let hope be your driving force instead of common sense. We all become long-term investors when we make mistakes.
0
TOP PICK

Stock had been range bound for quite a while, and then broke out with a nice measured move up to $24, but could actually go higher than that. Good value and a very nice balance sheet. Dividend yield of 3.6%.

0
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Transcontinental Inc(TCL.B-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Transcontinental Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Transcontinental Inc(TCL.B-T) Frequently Asked Questions

What is Transcontinental Inc stock symbol?

Transcontinental Inc is a Canadian stock, trading under the symbol TCL.B-T on the Toronto Stock Exchange (TCL.B-CT). It is usually referred to as TSX:TCL.B or TCL.B-T

Is Transcontinental Inc a buy or a sell?

In the last year, there was no coverage of Transcontinental Inc published on Stockchase.

Is Transcontinental Inc a good investment or a top pick?

Transcontinental Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Transcontinental Inc.

Why is Transcontinental Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Transcontinental Inc worth watching?

0 stock analysts on Stockchase covered Transcontinental Inc In the last year. It is a trending stock that is worth watching.

What is Transcontinental Inc stock price?

On 2024-12-12, Transcontinental Inc (TCL.B-T) stock closed at a price of $18.01.