Intertape Polymer Group
ITP-T
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About Intertape Polymer Group (ITP-T)
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(A Top Pick Oct 03/17, Down 7%) They had 2 problems in their last quarter: input costs and shipping costs. It's a little economically sensitive, but now it's an attractive price.
(A Top Pick Oct 03/17, Down 7%) They had 2 problems in their last quarter: input costs and shipping costs. It's a little economically sensitive, but now it's an attractive price.
CCL or ITP? CCL has great management and will benefit from global growth. They do labels and packaging for the big-branded companies. They're diversified and are generating a lot of free cash flow. ITP is a turnaround story. Amazon is their biggest customer. if you believe e-commerce will continue to grow then play ITP. ITP pays a higher dividend than CCL. Worries of higher input costs and a slowing economy are overblown. Sees good long-term returns from both.
CCL or ITP? CCL has great management and will benefit from global growth. They do labels and packaging for the big-branded companies. They're diversified and are generating a lot of free cash flow. ITP is a turnaround story. Amazon is their biggest customer. if you believe e-commerce will continue to grow then play ITP. ITP pays a higher dividend than CCL. Worries of higher input costs and a slowing economy are overblown. Sees good long-term returns from both.
The last two months of the year it normally does quite well. It has consolidated and is not moving up much here. It is in the right sector.
The last two months of the year it normally does quite well. It has consolidated and is not moving up much here. It is in the right sector.
The current price is coming down to a base. It should hold and the indicators should turn up. Seasonality is November through June.
The current price is coming down to a base. It should hold and the indicators should turn up. Seasonality is November through June.
He thinks the dividend is sustainable. This is a Amazon play--all these packages need tape. The company received a big insurance settlement a year and a half ago and rebuilt a plant, then they got good business from Amazon and the result was booming growth. In recent quarters, there has been some disappointment. Longer term, he sees the company as well run, as one of the two largest players in the industry and he expects it will be fine. He is buying today against a $28 target price. He sees a substantial capital gain potential if a few things go right.
He thinks the dividend is sustainable. This is a Amazon play--all these packages need tape. The company received a big insurance settlement a year and a half ago and rebuilt a plant, then they got good business from Amazon and the result was booming growth. In recent quarters, there has been some disappointment. Longer term, he sees the company as well run, as one of the two largest players in the industry and he expects it will be fine. He is buying today against a $28 target price. He sees a substantial capital gain potential if a few things go right.
It has been under loved over the last year to a year and half. Their last earnings were a little light due to margin compression. Overall it is a good company. He expects more acquisitions this year. He thinks their earnings will start to move forward. It is a good value opportunity. (Analysts’ target: $23.00).
It has been under loved over the last year to a year and half. Their last earnings were a little light due to margin compression. Overall it is a good company. He expects more acquisitions this year. He thinks their earnings will start to move forward. It is a good value opportunity. (Analysts’ target: $23.00).
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