Intertape Polymer Group

ITP-T

TSE:ITP

15.93
0.10 (0.62%)
Intertape Polymer Group Inc. is a packaging products and systems company which supplies retailers and manufacturers, based in Montreal and Sarasota, Florida, with 17 locations, 12 manufacturing locations ...
More at Wikipedia

Analysis and Opinions about ITP-T

Signal
Opinion
Expert
HOLD
HOLD
November 19, 2019
They have not delivered on organic revenue growth. It's on his hold list for now. Management has said they will get back to organic revenue growth. The thesis has yet to work.
They have not delivered on organic revenue growth. It's on his hold list for now. Management has said they will get back to organic revenue growth. The thesis has yet to work.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$16.720
Owned
Unknown
BUY
BUY
October 15, 2019
CCL vs. Intertape Polymer $54.97 is his model price for CCL; the stock is trading near this price. He hasn't looked at Intertape in years; $19.17 is his model price. He likes both. Don't sell one to buy the other. Doesn't prefer either.
CCL vs. Intertape Polymer $54.97 is his model price for CCL; the stock is trading near this price. He hasn't looked at Intertape in years; $19.17 is his model price. He likes both. Don't sell one to buy the other. Doesn't prefer either.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$16.700
Owned
No
BUY
BUY
October 15, 2019
Frustrated. They've done the right things: adding new lines to their plants and investing well. It's not getting the love it deserves. Resin prices are pressuring this. E-commerce growth keeps going so this should improve their cash flow. ITP (tape) doesn't compete with CCL (labels).
Frustrated. They've done the right things: adding new lines to their plants and investing well. It's not getting the love it deserves. Resin prices are pressuring this. E-commerce growth keeps going so this should improve their cash flow. ITP (tape) doesn't compete with CCL (labels).
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$16.700
Owned
Unknown
BUY
BUY
May 17, 2019
Their guidance says profits will increase by 50% in 3-5 years through acquisition and improving operations. They have bought a lot of companies in recent years, so the balance sheet needs work. E-commerce is a strong tailwind which is why he likes it. They are building a global powerhouse and trade at a good valuation. They've stopped raising the dividend so they can make acquisitions.
Their guidance says profits will increase by 50% in 3-5 years through acquisition and improving operations. They have bought a lot of companies in recent years, so the balance sheet needs work. E-commerce is a strong tailwind which is why he likes it. They are building a global powerhouse and trade at a good valuation. They've stopped raising the dividend so they can make acquisitions.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$18.150
Owned
Unknown
TOP PICK
TOP PICK
April 1, 2019
It's a play on a big tailwind to e-commerce. ITP's customers are all the e-commerce giants. ITP has met its guidance for 4 years and is guiding to have enormous growth by 2022. But the market is ignoring this company. It pays a fabulous dividend. Free cash flow will expand. People won't spend less online. (Analysts’ price target is $22.93)
It's a play on a big tailwind to e-commerce. ITP's customers are all the e-commerce giants. ITP has met its guidance for 4 years and is guiding to have enormous growth by 2022. But the market is ignoring this company. It pays a fabulous dividend. Free cash flow will expand. People won't spend less online. (Analysts’ price target is $22.93)
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$18.360
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 25, 2019
(A Top Pick Aug 09/18, Up 2%) It's a sma/mid-cap name so a little volatile. He will hold this to $22-26. It pays a 4% dividend. They missed their growth targets in the last few quarters, but have recovered, so the price has moved up accordingly. In a good market, this outperforms, but in a weak one it underperforms, because it's levered a little more.
(A Top Pick Aug 09/18, Up 2%) It's a sma/mid-cap name so a little volatile. He will hold this to $22-26. It pays a 4% dividend. They missed their growth targets in the last few quarters, but have recovered, so the price has moved up accordingly. In a good market, this outperforms, but in a weak one it underperforms, because it's levered a little more.
Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$17.500
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
February 27, 2019
A pretty stable business and the packaging business looks good. He is watching it, but has not yet pulled the trigger. He is looking to buy it on a pullback.
A pretty stable business and the packaging business looks good. He is watching it, but has not yet pulled the trigger. He is looking to buy it on a pullback.
Ryan Bushell
President, Newhaven Asset Management
Price
$18.590
Owned
No
DON'T BUY
DON'T BUY
February 26, 2019
He prefers CCL, which has 5 times the size than ITP with better margins. ITP is a small player in a space domianted by giant, 3M. ITP has a lot of commodity exposure and cost pressure that is difficult to pass to end clients who are big multinationals. That said it has impressively improved margins over the past decade. But their commodity expoure and heavy leverage are concerns if we see an economic downturn. You could see a bounce after earnings next week though, but long-term look elsewhere in this sector.
He prefers CCL, which has 5 times the size than ITP with better margins. ITP is a small player in a space domianted by giant, 3M. ITP has a lot of commodity exposure and cost pressure that is difficult to pass to end clients who are big multinationals. That said it has impressively improved margins over the past decade. But their commodity expoure and heavy leverage are concerns if we see an economic downturn. You could see a bounce after earnings next week though, but long-term look elsewhere in this sector.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$18.600
Owned
No
COMMENT
COMMENT
December 18, 2018
They're in the midst of a capex program. Payout ratio is in the 80s. Coverage of the dividend will improve in coming years. It's too small for him to buy.
They're in the midst of a capex program. Payout ratio is in the 80s. Coverage of the dividend will improve in coming years. It's too small for him to buy.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$15.650
Owned
No
HOLD
HOLD
December 3, 2018
The dividend is safe. The question is getting in at the right price. This one is more commodity than CCL.B-T or WPK-T. Management has been doing a really good job of diversifying into other sectors of packaging. They are benefiting from the whole home delivery momentum. The question is what the company is worth going down the road. He thinks there is good upside if they keep executing. (Analysts’ price target is $23.00)
The dividend is safe. The question is getting in at the right price. This one is more commodity than CCL.B-T or WPK-T. Management has been doing a really good job of diversifying into other sectors of packaging. They are benefiting from the whole home delivery momentum. The question is what the company is worth going down the road. He thinks there is good upside if they keep executing. (Analysts’ price target is $23.00)
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$17.030
Owned
No
PAST TOP PICK
PAST TOP PICK
November 27, 2018

(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.

David Baskin
President, Baskin Wealth Management
Price
$16.880
Owned
Yes
BUY
BUY
October 31, 2018

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.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$17.390
Owned
Yes
WAIT
WAIT
October 25, 2018

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.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$17.450
Owned
Unknown
WATCH
WATCH
October 15, 2018

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$17.400
Owned
Unknown
BUY
BUY
September 18, 2018

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.

Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$18.930
Owned
Yes
TOP PICK
TOP PICK
August 9, 2018

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).

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$17.790
Owned
Yes
WATCH
WATCH
July 23, 2018

It is in the packaging space. They just acquired a packaging company. The stock has weakened recently because of input cost pressures and a facility in South Carolina that gave them some issues. They trade at a fairly low multiple compared to peers. He is doing some homework on this one because it could be a potential buying opportunity.

It is in the packaging space. They just acquired a packaging company. The stock has weakened recently because of input cost pressures and a facility in South Carolina that gave them some issues. They trade at a fairly low multiple compared to peers. He is doing some homework on this one because it could be a potential buying opportunity.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$16.850
Owned
No
PAST TOP PICK
PAST TOP PICK
July 12, 2018

(A Top Pick July 6/17 - Down 30%.) Has not done as he expected to do. The story is that they built new facilities and expand in new areas. But they ran into some problems. The execution hasn’t been as good as he hoped for. Eventually he thinks it will work out, but it is taking longer than expected. He thinks the yield is safe.

(A Top Pick July 6/17 - Down 30%.) Has not done as he expected to do. The story is that they built new facilities and expand in new areas. But they ran into some problems. The execution hasn’t been as good as he hoped for. Eventually he thinks it will work out, but it is taking longer than expected. He thinks the yield is safe.

Jim Huang
President, T.I.P. Wealth Management
Price
$17.340
Owned
Yes
BUY
BUY
July 10, 2018

They aim to be a global leader in packaging. They should benefit from e-commerce which needs boxes. They are busy building plants to meet expected demand, but it's eating their cash flow. A concern is that they buy a lot of chemicals that are made from oil (and oil prices are rising). It trades at a big discount vs. its peers. He's been buying this and expects it to return to the $20's.

They aim to be a global leader in packaging. They should benefit from e-commerce which needs boxes. They are busy building plants to meet expected demand, but it's eating their cash flow. A concern is that they buy a lot of chemicals that are made from oil (and oil prices are rising). It trades at a big discount vs. its peers. He's been buying this and expects it to return to the $20's.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$17.500
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
July 3, 2018

This stock benefited from a run out of commodities a few years ago. There was an uptake in the success of Amazon and Google with the rise in consumer shipping. It has become too expensive now and he thinks it is not going anywhere – up or down. He would not be a buyer at these levels. He would want to see the yield back above 3.5% before re-entering.

This stock benefited from a run out of commodities a few years ago. There was an uptake in the success of Amazon and Google with the rise in consumer shipping. It has become too expensive now and he thinks it is not going anywhere – up or down. He would not be a buyer at these levels. He would want to see the yield back above 3.5% before re-entering.

Ryan Bushell
President, Newhaven Asset Management
Price
$17.710
Owned
No
COMMENT
COMMENT
June 25, 2018

It's been in a range spanning $3 that it needs to hold longer. He wants to see it break higher. It's trying to consolidate, which is good.

It's been in a range spanning $3 that it needs to hold longer. He wants to see it break higher. It's trying to consolidate, which is good.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$17.860
Owned
Unknown
WATCH
WATCH
May 7, 2018

He's watching this. Packagaing companeis are doing well. It's come off recently, but ITP needs to see it sink further before he buys it. 13x forward earnings.

He's watching this. Packagaing companeis are doing well. It's come off recently, but ITP needs to see it sink further before he buys it. 13x forward earnings.

Ryan Bushell
President, Newhaven Asset Management
Price
$19.150
Owned
No
PAST TOP PICK
PAST TOP PICK
April 23, 2018

(A Past Top Pick on April 17, 2017, Down 14%) Had a rough year, though Q# and Q4 earnings were good. They gave guidance for 10% revenue growth and 15% earnings growth in 2018. They have a 5-7-year plan to double earnings and are doing acqusitions to achieve this. Lots of free cash flow with a decent yield. They make tapes that bind packages for the thriving e-commerce space.

(A Past Top Pick on April 17, 2017, Down 14%) Had a rough year, though Q# and Q4 earnings were good. They gave guidance for 10% revenue growth and 15% earnings growth in 2018. They have a 5-7-year plan to double earnings and are doing acqusitions to achieve this. Lots of free cash flow with a decent yield. They make tapes that bind packages for the thriving e-commerce space.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$19.650
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 26, 2018

(A Top Pick March 20/17, Down 3%) Some plants were flooded. They were also hit by industry-wide input costs. They continue to make accretive acquisitions. He sees upside and still has faith in it. Safe dividend of 3.5% and will even grow.

(A Top Pick March 20/17, Down 3%) Some plants were flooded. They were also hit by industry-wide input costs. They continue to make accretive acquisitions. He sees upside and still has faith in it. Safe dividend of 3.5% and will even grow.

Jim Huang
President, T.I.P. Wealth Management
Price
$20.520
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 6, 2018

(A Top Pick April 17/17 - Down 12.5%.) He thought it was a no-brainer idea. The company benefits from e-commerce. They make the water activated tape and things that boxes use. Biggest customer is Amazon. They made a number of acquisitions recently and some are not working as they should. Maybe the market is punishing them for that. He thinks longer term is going to do OK. Valuation is reasonable.

(A Top Pick April 17/17 - Down 12.5%.) He thought it was a no-brainer idea. The company benefits from e-commerce. They make the water activated tape and things that boxes use. Biggest customer is Amazon. They made a number of acquisitions recently and some are not working as they should. Maybe the market is punishing them for that. He thinks longer term is going to do OK. Valuation is reasonable.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$20.630
Owned
Yes
COMMENT
COMMENT
January 15, 2018

A great little company that basically operates in an oligopoly with 3M's Scotch tape. With the move of Amazon and all the shipping, the amount of tape being sold is increasing. Instead of shipping in containers, stores are now shipping in small packages. A fine little growth company and has good management.

A great little company that basically operates in an oligopoly with 3M's Scotch tape. With the move of Amazon and all the shipping, the amount of tape being sold is increasing. Instead of shipping in containers, stores are now shipping in small packages. A fine little growth company and has good management.

Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$22.530
Owned
Yes
BUY
BUY
December 11, 2017

He has been looking at it carefully and almost pulling the trigger. Management has been making some good moves. They are launching new facilities and profits have to kick in. It is probably not a bad price right now. The last results were pretty good. They are a well managed company and the dividend is safe.

He has been looking at it carefully and almost pulling the trigger. Management has been making some good moves. They are launching new facilities and profits have to kick in. It is probably not a bad price right now. The last results were pretty good. They are a well managed company and the dividend is safe.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$21.110
Owned
No
COMMENT
COMMENT
November 29, 2017

He really likes management. The dividend is safe. This business grows at about GDP. If they are able to create low cost capacity, they may be able to increase their market share slightly, but the free cash flow yield on this is relatively high. To him, the right price is below $20.

He really likes management. The dividend is safe. This business grows at about GDP. If they are able to create low cost capacity, they may be able to increase their market share slightly, but the free cash flow yield on this is relatively high. To him, the right price is below $20.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$21.570
Owned
No
WATCH
WATCH
November 16, 2017

It is a well run company. They had a hiccup with one of their plants. At some point the dividend will go up. He likes the management team.

It is a well run company. They had a hiccup with one of their plants. At some point the dividend will go up. He likes the management team.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$20.600
Owned
No
COMMENT
COMMENT
November 3, 2017

A very established company. It’s been around forever. Bought it years ago at about $3-$4, and ran it up to about $20. He likes management. Has zero interest in it now. Almost everything he buys is under $10.

A very established company. It’s been around forever. Bought it years ago at about $3-$4, and ran it up to about $20. He likes management. Has zero interest in it now. Almost everything he buys is under $10.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$18.550
Owned
No
BUY
BUY
October 25, 2017

In packaging goods, and they have competition. It came down in the 2nd quarter over the summer, when there really wasn’t much volume, so earnings were not great. He’s been buying shares over the last couple of months. It’s a growing company that is going through some growing pains, to get to the next level.

In packaging goods, and they have competition. It came down in the 2nd quarter over the summer, when there really wasn’t much volume, so earnings were not great. He’s been buying shares over the last couple of months. It’s a growing company that is going through some growing pains, to get to the next level.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$20.200
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 25, 2017

(A Top Pick Oct 26/16. Down 9.85%.) Hadn’t had great earnings and it was a light volume market, so the sellers piled on. It seems to have solidified at $18 and grinding its way higher. This is something you can buy and hold and there should be some pretty decent growth.

(A Top Pick Oct 26/16. Down 9.85%.) Hadn’t had great earnings and it was a light volume market, so the sellers piled on. It seems to have solidified at $18 and grinding its way higher. This is something you can buy and hold and there should be some pretty decent growth.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$20.200
Owned
Yes
DON'T BUY
DON'T BUY
October 17, 2017

He wouldn’t be a buyer. The closing price was $18.89, and he has a model price of $22.78, only a 20% upside. It is trading at EBV 5, a very expensive valuation. There was a negative transit back in August, and it is really struggling under that. He senses that there is a little bad news happening in the future.

He wouldn’t be a buyer. The closing price was $18.89, and he has a model price of $22.78, only a 20% upside. It is trading at EBV 5, a very expensive valuation. There was a negative transit back in August, and it is really struggling under that. He senses that there is a little bad news happening in the future.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$18.920
Owned
No
BUY
BUY
October 16, 2017

Trading at $25 a few months ago and dropped down to the $19 range. He is hoping it can go back up to $25 and much higher. They warned last quarter that this was going to be a tougher year. Juggling a lot of projects and a lot of them are not delivering cash flows. They buy a lot of plastic and chemicals, and with the hurricanes in Texas and Florida, it has pushed up some input prices. They won’t be able to pass that off to customers in the short term. Expects an ugly Q3, but hopefully there will be some good communication and messaging that things are improving. For long-term investors, this is a good opportunity.

Trading at $25 a few months ago and dropped down to the $19 range. He is hoping it can go back up to $25 and much higher. They warned last quarter that this was going to be a tougher year. Juggling a lot of projects and a lot of them are not delivering cash flows. They buy a lot of plastic and chemicals, and with the hurricanes in Texas and Florida, it has pushed up some input prices. They won’t be able to pass that off to customers in the short term. Expects an ugly Q3, but hopefully there will be some good communication and messaging that things are improving. For long-term investors, this is a good opportunity.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$18.980
Owned
Yes
TOP PICK
TOP PICK
October 3, 2017

Makes tapes and fabrics, and was hit by rising prices for polypropylene. The stock took an enormous dip, and this is a tremendous entry point. It is a temporary problem.

Makes tapes and fabrics, and was hit by rising prices for polypropylene. The stock took an enormous dip, and this is a tremendous entry point. It is a temporary problem.

David Baskin
President, Baskin Wealth Management
Price
$18.900
Owned
Yes
COMMENT
COMMENT
September 22, 2017

Technically, this is not showing too much hope. Chart shows it has completed a double top pattern, and has broken down and is in a downward trend. Also, its momentum is negative. Using technical analysis, your downside risk is probably fairly minimal at these levels. At the same time, technicals do not favour an upside move in the short term.

Technically, this is not showing too much hope. Chart shows it has completed a double top pattern, and has broken down and is in a downward trend. Also, its momentum is negative. Using technical analysis, your downside risk is probably fairly minimal at these levels. At the same time, technicals do not favour an upside move in the short term.

Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$18.510
Owned
Unknown
COMMENT
COMMENT
September 6, 2017

Chart shows an old wall of resistance at around $20, which became support. It now looks to be breaking that support level, which is a bit of a bearish position. They will probably get back into the $15 range, especially if the markets get a bit soft. If he owned it, he might be tempted to Sell.

Chart shows an old wall of resistance at around $20, which became support. It now looks to be breaking that support level, which is a bit of a bearish position. They will probably get back into the $15 range, especially if the markets get a bit soft. If he owned it, he might be tempted to Sell.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$19.010
Owned
Unknown
COMMENT
COMMENT
August 29, 2017

This has been the turnaround story. They had a kind of poorish quarter recently resulting in a pretty good pullback in the price, which is not justified, as they are still guiding for good earnings growth in 2017, and more in 2018. No one likes to see companies give guidance and then pull it back. It’s in the penalty box, but you are getting a great yield. Smart management.

This has been the turnaround story. They had a kind of poorish quarter recently resulting in a pretty good pullback in the price, which is not justified, as they are still guiding for good earnings growth in 2017, and more in 2018. No one likes to see companies give guidance and then pull it back. It’s in the penalty box, but you are getting a great yield. Smart management.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$19.210
Owned
Yes
WAIT
WAIT
August 25, 2017

It is an industrial with seasonal strength from mid-October until the end of the year. It is now below its trading range and is trending down. It is not as clear this year if seasonality is going to work. It will take time to repair the technical damage that has been done. Re-examine it at the end of October. You will probably be okay if you own it now.

It is an industrial with seasonal strength from mid-October until the end of the year. It is now below its trading range and is trending down. It is not as clear this year if seasonality is going to work. It will take time to repair the technical damage that has been done. Re-examine it at the end of October. You will probably be okay if you own it now.

Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$19.290
Owned
Unknown
BUY
BUY
August 22, 2017

It had a lot of structural, cost and debt issues. They changed it all, paying and raising the dividend. Now it is an income stock that is tied to the North American economy. Their last couple of quarters were a little disappointing. He would not worry about it, though.

It had a lot of structural, cost and debt issues. They changed it all, paying and raising the dividend. Now it is an income stock that is tied to the North American economy. Their last couple of quarters were a little disappointing. He would not worry about it, though.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$19.430
Owned
Unknown
HOLD
HOLD
August 22, 2017

They came a little ‘unglued’ this quarter. If you have a bad quarter this market takes out and shoots you. He likes their industrial line. He thinks they will benefit from an increase in housing. You might even double down.

They came a little ‘unglued’ this quarter. If you have a bad quarter this market takes out and shoots you. He likes their industrial line. He thinks they will benefit from an increase in housing. You might even double down.

David Baskin
President, Baskin Wealth Management
Price
$19.430
Owned
Unknown
HOLD
HOLD
August 16, 2017

A tape manufacturer, so they are going to follow a lot of what is going on with industrial packaging. A pretty well-managed company. In an environment where industrial activity and economies are improving, this company should do well.

A tape manufacturer, so they are going to follow a lot of what is going on with industrial packaging. A pretty well-managed company. In an environment where industrial activity and economies are improving, this company should do well.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$20.150
Owned
No
TOP PICK
TOP PICK
July 6, 2017

This has tapes of all kinds. Industrial uses, home uses. But obviously they also make the tapes that bind boxes that go from Amazon (AMZN-Q), which is a growth area. They’ve done a good job of controlling costs in the last few years and consolidating their operations. Now doing some tuck in acquisitions in India, etc. for testing new markets. There is probably 20% upside over the next 12-18 months. Dividend yield of 3%. (Analysts’ price target is $29.)

This has tapes of all kinds. Industrial uses, home uses. But obviously they also make the tapes that bind boxes that go from Amazon (AMZN-Q), which is a growth area. They’ve done a good job of controlling costs in the last few years and consolidating their operations. Now doing some tuck in acquisitions in India, etc. for testing new markets. There is probably 20% upside over the next 12-18 months. Dividend yield of 3%. (Analysts’ price target is $29.)

Jim Huang
President, T.I.P. Wealth Management
Price
$24.640
Owned
Yes
COMMENT
COMMENT
June 28, 2017

There is no problem at this level. The balance sheet is in good shape. Currently it is a neutral for him, partly because Price momentum has been sideways. The value is also sideways. Expensive on a free cash flow basis and on a BV basis. If it had a few more good quarters and started showing more cash flow, it would probably end up on the Buy side for him. Dividend yield of about 3%.

There is no problem at this level. The balance sheet is in good shape. Currently it is a neutral for him, partly because Price momentum has been sideways. The value is also sideways. Expensive on a free cash flow basis and on a BV basis. If it had a few more good quarters and started showing more cash flow, it would probably end up on the Buy side for him. Dividend yield of about 3%.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$24.580
Owned
No
PAST TOP PICK
PAST TOP PICK
June 13, 2017

(A Top Pick June 6/16. Up 27.84%.) He still likes this. It is involved in packaging and labelling, more in industrial and commercial tapes. As more people shop online, all those boxes shipped have to be taped. Trading at a cheap valuation and generates gobs of cash. Has a very nice dividend yield, and has plans to double its revenue over the next 5 years.

(A Top Pick June 6/16. Up 27.84%.) He still likes this. It is involved in packaging and labelling, more in industrial and commercial tapes. As more people shop online, all those boxes shipped have to be taped. Trading at a cheap valuation and generates gobs of cash. Has a very nice dividend yield, and has plans to double its revenue over the next 5 years.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$24.420
Owned
Yes
DON'T BUY
DON'T BUY
May 18, 2017

In 2009, this was pretty near bankruptcy. They’ve done a nice job. Have improved their operations. Return on Capital has improved to almost 6%. Unfortunately though, he can’t support the valuation.

In 2009, this was pretty near bankruptcy. They&