StorageVault Canada | StockChase
24
StorageVault Canada (SVI-X)

Last Price Recorded: $2.7000 on 2017-12-15

ON STOCKCHASE SINCE Oct 2016

0
24
StorageVault Canada (SVI-X)

Last Price Recorded: $2.7000 on 2017-12-15

ON STOCKCHASE SINCE Oct 2016


StorageVault Canada


Signal Opinion Expert
COMMENT
StorageVault Canada(SVI-X) 

November 17, 2017

A great little company, and the only listed one in Canada. There are giants in the US that do have interests and individuals who have latched onto it in Canada. Their earnings report indicated that they lost $15.4 million on a revenue of $18.5 million in its 3rd quarter. He sold his holdings.

A great little company, and the only listed one in Canada. There are giants in the US that do have interests and individuals who have latched onto it in Canada. Their earnings report indicated that they lost $15.4 million on a revenue of $18.5 million in its 3rd quarter. He sold his holdings.

0
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$2.520
Owned Owned
No

TOP PICK
StorageVault Canada(SVI-X) 

November 8, 2017

The only public company in this space in Canada, so they've been consolidating a fairly fragmented business. Have been growing organically and by acquisition. Did a big deal in May, and then financed this summer, and the stock has been sort of treading water since. You are probably going to see earnings ramping up, as they have integrated that acquisition and increased some of their revenue. It’s becoming more difficult to put these big storage units into places and, as a result they can charge higher and higher rates. Dividend yield of 0.5%. (Analysts' price target is $3.08.)

The only public company in this space in Canada, so they've been consolidating a fairly fragmented business. Have been growing organically and by acquisition. Did a big deal in May, and then financed this summer, and the stock has been sort of treading water since. You are probably going to see earnings ramping up, as they have integrated that acquisition and increased some of their revenue. It’s becoming more difficult to put these big storage units into places and, as a result they can charge higher and higher rates. Dividend yield of 0.5%. (Analysts' price target is $3.08.)

0
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$2.240
Owned Owned
Yes

COMMENT
StorageVault Canada(SVI-X) 

November 7, 2017

She likes this a lot. One of the stocks that really fits well with having organic growth and acquisition growth. These types can give you double digit growth, which is very hard to get from companies that don't make acquisitions.

She likes this a lot. One of the stocks that really fits well with having organic growth and acquisition growth. These types can give you double digit growth, which is very hard to get from companies that don't make acquisitions.

0
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$2.260
Owned Owned
Unknown

WEAK BUY
StorageVault Canada(SVI-X) 

October 26, 2017

Has owned it in the past and it was a great performer.  It had run up a lot.  It had a pull back and he is having another look at it.  They were consolidating a fragmented industry.  This has been a great asset class.  They are the leader in this business in Canada.  They have early mover advantage and can consolidate.  It is looking more interesting.

Has owned it in the past and it was a great performer.  It had run up a lot.  It had a pull back and he is having another look at it.  They were consolidating a fragmented industry.  This has been a great asset class.  They are the leader in this business in Canada.  They have early mover advantage and can consolidate.  It is looking more interesting.

0
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$2.210
Owned Owned
Unknown

BUY
StorageVault Canada(SVI-X) 

October 12, 2017

There is always criticism of growth by acquisition, but it is fairly normal as part of a lot of larger companies’ strategy.  They can increase rents higher than inflation for organic growth.  Since the new management has taken over they have had both growth strategies.  This is really the only Canadian example of the storage business, which is high growth in the US.  As numbers come out you will see both sources of growth and the market will see it.

There is always criticism of growth by acquisition, but it is fairly normal as part of a lot of larger companies’ strategy.  They can increase rents higher than inflation for organic growth.  Since the new management has taken over they have had both growth strategies.  This is really the only Canadian example of the storage business, which is high growth in the US.  As numbers come out you will see both sources of growth and the market will see it.

0
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$2.180
Owned Owned
Unknown

WAIT
StorageVault Canada(SVI-X) 

September 28, 2017

He likes the story.  It has come off.  He is looking at adding to it.  It is not cheap but it is the only way to play storage in Canada.  He thinks it will consolidate here.

He likes the story.  It has come off.  He is looking at adding to it.  It is not cheap but it is the only way to play storage in Canada.  He thinks it will consolidate here.

0
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc...

PricePrice
$2.150
Owned Owned
Yes

COMMENT
StorageVault Canada(SVI-X) 

September 14, 2017

From when management changed, about a year or 2 ago, the stock has been going straight up. They recently did an equity offering which put a cap on the stock, and the stock price has consolidated. Technically, it looks like it has built a fairly good base. Longer-term, he thinks the stock goes a lot higher. The business is a fantastic growth business. Thinks they will continue growing organically. A very fragmented business and there is no other big public competition in Canada.

From when management changed, about a year or 2 ago, the stock has been going straight up. They recently did an equity offering which put a cap on the stock, and the stock price has consolidated. Technically, it looks like it has built a fairly good base. Longer-term, he thinks the stock goes a lot higher. The business is a fantastic growth business. Thinks they will continue growing organically. A very fragmented business and there is no other big public competition in Canada.

0
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$2.230
Owned Owned
Unknown

HOLD
StorageVault Canada(SVI-X) 

August 29, 2017

A really excellent business. They basically own and run storage lockers. Has also been a consolidator by acquiring and buying other self storage places in Canada. Results have improved and they’ve made some acquisitions, but it is no longer cheap.

A really excellent business. They basically own and run storage lockers. Has also been a consolidator by acquiring and buying other self storage places in Canada. Results have improved and they’ve made some acquisitions, but it is no longer cheap.

0
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$2.300
Owned Owned
Unknown

WATCH
StorageVault Canada(SVI-X) 

August 22, 2017

He is watching it.  It is an acquisition story.  Their debt has come up a little.  Now it is an execution story.  He would rather pay more when they are making money than buy it now.

He is watching it.  It is an acquisition story.  Their debt has come up a little.  Now it is an execution story.  He would rather pay more when they are making money than buy it now.

0
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$2.340
Owned Owned
Unknown

HOLD
StorageVault Canada(SVI-X) 

August 15, 2017

This was formed by a very clever young man who really likes units of storage. Has been growing it by adding on, and he really knows the trade.

This was formed by a very clever young man who really likes units of storage. Has been growing it by adding on, and he really knows the trade.

0
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$2.210
Owned Owned
Unknown

DON'T BUY

He likes storage space in general. They put up 4 tin walls with minimal electricity, where people throw stuff in and then walk away. There is low maintenance. They all have pretty high valuations, but this one is particularly high. They’ve done a really big purchase recently and debt is getting pretty high, so risks are really elevated. He would probably pass on this for now. The risks are pretty high.

He likes storage space in general. They put up 4 tin walls with minimal electricity, where people throw stuff in and then walk away. There is low maintenance. They all have pretty high valuations, but this one is particularly high. They’ve done a really big purchase recently and debt is getting pretty high, so risks are really elevated. He would probably pass on this for now. The risks are pretty high.

0
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$2.300
Owned Owned
No

COMMENT

Just made a fairly large acquisition and issued new stock, which was probably not the best time. That put a top on the stock, but long-term she really likes it. It probably has another 5-6 years of acquisitions ahead of it. They don’t have any competition right now. Management is great and have made a good job of integrating acquisitions. They are logical in how they plan their geographical locations. There is more to go before the run out of steam.

Just made a fairly large acquisition and issued new stock, which was probably not the best time. That put a top on the stock, but long-term she really likes it. It probably has another 5-6 years of acquisitions ahead of it. They don’t have any competition right now. Management is great and have made a good job of integrating acquisitions. They are logical in how they plan their geographical locations. There is more to go before the run out of steam.

0
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$2.570
Owned Owned
Unknown

COMMENT

Public storage. Fairly valued at this time. Management still has a lot of runway in terms of acquisitions.

Public storage. Fairly valued at this time. Management still has a lot of runway in terms of acquisitions.

0
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$2.710
Owned Owned
Unknown

BUY on WEAKNESS

They are really rolling up the self storage market.  He sold it earlier and wishes he had held it.  He would not be surprised at an equity issue at some point.  They have high margins and have the room to grow it organically.  A new issue could cause it to pull back.

They are really rolling up the self storage market.  He sold it earlier and wishes he had held it.  He would not be surprised at an equity issue at some point.  They have high margins and have the room to grow it organically.  A new issue could cause it to pull back.

0
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$2.710
Owned Owned
No

COMMENT

He really likes this company. No longer a value stock as it has gone up a lot. A fantastic business. They own storage lockers and have the ability to increase prices regularly. There is a huge disincentive because of economics, for users to move things to a different location. As more and more people live in condos in smaller spaces, they need places to store goods, and this company is very well positioned to benefit from that. They are effectively making acquisitions.

He really likes this company. No longer a value stock as it has gone up a lot. A fantastic business. They own storage lockers and have the ability to increase prices regularly. There is a huge disincentive because of economics, for users to move things to a different location. As more and more people live in condos in smaller spaces, they need places to store goods, and this company is very well positioned to benefit from that. They are effectively making acquisitions.

0
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$2.450
Owned Owned
Yes

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