Intertape Polymer Group

ITP-T

TSE:ITP

23.00
0.15 (0.66%)
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 ...
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Analysis and Opinions about ITP-T

Signal
Opinion
Expert
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)
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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)
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.
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(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.
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.
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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.
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.
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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.
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.
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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.
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)
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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)
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.

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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.

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.

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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.

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.

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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.

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.

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The current price is coming down to a base. It should hold and the indicators should turn up. Seasonality is November through June.

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.

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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.

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).

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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).

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.

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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.

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.

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(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.

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.

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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.

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