Intertape Polymer Group

ITP-T

TSE:ITP

15.60
0.25 (1.58%)
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
COMMENT
COMMENT
December 7, 2016

They have done a great job under the new management team that came in in 2011. He is intrigued by the turnaround in the business, but is concerned that they are a number 2 player in a market dominated by MMM-N. It is liable to be crushed. It is also very cyclical and although the environment in the US is good right now, their margins would suffer in a downturn. The risk/reward is just not there for him.

Show full opinionHide full opinion

They have done a great job under the new management team that came in in 2011. He is intrigued by the turnaround in the business, but is concerned that they are a number 2 player in a market dominated by MMM-N. It is liable to be crushed. It is also very cyclical and although the environment in the US is good right now, their margins would suffer in a downturn. The risk/reward is just not there for him.

COMMENT
COMMENT
November 3, 2016

(Market Call Minute.) One of the smartest management teams in Canada. Terrific capital allocators. Got hurt by problems they could not foresee, but this is an interesting opportunity here.

Show full opinionHide full opinion

(Market Call Minute.) One of the smartest management teams in Canada. Terrific capital allocators. Got hurt by problems they could not foresee, but this is an interesting opportunity here.

TOP PICK
TOP PICK
October 26, 2016

Manufactures tape, plastics and packaging materials. About 90% of sales are in the US and Canada, but they’ve done a recent acquisition to get themselves into India, and are starting to expand more into Asian markets. They are projecting growth to go from about $780 million to $1.5 billion in the next 7 years. Dividend yield of 3.19%.

Show full opinionHide full opinion

Manufactures tape, plastics and packaging materials. About 90% of sales are in the US and Canada, but they’ve done a recent acquisition to get themselves into India, and are starting to expand more into Asian markets. They are projecting growth to go from about $780 million to $1.5 billion in the next 7 years. Dividend yield of 3.19%.

BUY
BUY
September 28, 2016

Just made a new high which is really positive. It has support at around $22.50. A long-term chart shows an upward movement from 2014. You could probably buy this pretty safely right now.

Show full opinionHide full opinion

Just made a new high which is really positive. It has support at around $22.50. A long-term chart shows an upward movement from 2014. You could probably buy this pretty safely right now.

TOP PICK
TOP PICK
September 14, 2016

Manufactures tape, some for packing, some for student, some for industrial applications. What they have been doing in the last few years is trying to lower costs by building new plants and closing down old ones. The lower natural gas prices didn’t hurt them either. They have an under levered balance sheet which they are using to their advantage by either increasing payout or acquiring things. Recently acquired a small company in India. Dividend yield of 3.24%.

Show full opinionHide full opinion

Manufactures tape, some for packing, some for student, some for industrial applications. What they have been doing in the last few years is trying to lower costs by building new plants and closing down old ones. The lower natural gas prices didn’t hurt them either. They have an under levered balance sheet which they are using to their advantage by either increasing payout or acquiring things. Recently acquired a small company in India. Dividend yield of 3.24%.

BUY
BUY
September 2, 2016

(Market Call Minute.) One of his larger holdings. Great valuation. Good price momentum. Great ROE’s. Reasonable valuation overall.

Show full opinionHide full opinion

(Market Call Minute.) One of his larger holdings. Great valuation. Good price momentum. Great ROE’s. Reasonable valuation overall.

TOP PICK
TOP PICK
August 26, 2016

There has been a major turnaround in this story. It was a company that was not well-managed and had a huge debt load. They have turned things around, doing it by one division, one plant at a time. Thinks they are going to capitalize by being in the right place at the right time. The majority of what they do is tapes. As more and more people go online, things are being shipped out in boxes that are going to have to be taped. They’ve a 5-year plan of doubling revenue, based all on organic growth. Dividend yield of 3.29%.

Show full opinionHide full opinion

There has been a major turnaround in this story. It was a company that was not well-managed and had a huge debt load. They have turned things around, doing it by one division, one plant at a time. Thinks they are going to capitalize by being in the right place at the right time. The majority of what they do is tapes. As more and more people go online, things are being shipped out in boxes that are going to have to be taped. They’ve a 5-year plan of doubling revenue, based all on organic growth. Dividend yield of 3.29%.

BUY
BUY
August 23, 2016

(Market Call Minute.) A very, very interesting name. A great growth story. They do tape which is a very stable business. Have a lot of cash to be able to go out and do things. Clean balance sheet.

Show full opinionHide full opinion

(Market Call Minute.) A very, very interesting name. A great growth story. They do tape which is a very stable business. Have a lot of cash to be able to go out and do things. Clean balance sheet.

COMMENT
COMMENT
July 7, 2016

(Market Call Minute.) He likes this company. They are making all kinds of good products, and doing better than the economy would suggest.

Show full opinionHide full opinion

(Market Call Minute.) He likes this company. They are making all kinds of good products, and doing better than the economy would suggest.

COMMENT
COMMENT
June 29, 2016

Manufactures tape and are head-to-head against the Goliath 3M (MMM-N). Have had periods of success and other times have had a really rough ride. A good company and they do a good job. Very much a commoditized business, and they try to add value through specialty tapes. Wouldn’t be his favourite sector.

Show full opinionHide full opinion

Manufactures tape and are head-to-head against the Goliath 3M (MMM-N). Have had periods of success and other times have had a really rough ride. A good company and they do a good job. Very much a commoditized business, and they try to add value through specialty tapes. Wouldn’t be his favourite sector.

BUY
BUY
June 9, 2016

(Market Call Minute) It is being run much better now. You have a steady upward move. One of the top three industrial tapes.

Show full opinionHide full opinion

(Market Call Minute) It is being run much better now. You have a steady upward move. One of the top three industrial tapes.

TOP PICK
TOP PICK
June 6, 2016

It is a good multiyear theme. Packaging and tape. It is an interesting way to play online sales increases.

Show full opinionHide full opinion

It is a good multiyear theme. Packaging and tape. It is an interesting way to play online sales increases.

BUY
BUY
June 3, 2016

This is pretty much up to all-time highs again. A really solid ROE at 26%. PE is around 15X. Pristine balance sheet. 3.5% dividend yield.

Show full opinionHide full opinion

This is pretty much up to all-time highs again. A really solid ROE at 26%. PE is around 15X. Pristine balance sheet. 3.5% dividend yield.

COMMENT
COMMENT
May 13, 2016

In the last 10 years, this has been a very good stock to own. Had a little bit of an upset in the spring because of floods and the transition of their plants in the Carolinas. Long-term, this industrial tape area is doing a great job.

Show full opinionHide full opinion

In the last 10 years, this has been a very good stock to own. Had a little bit of an upset in the spring because of floods and the transition of their plants in the Carolinas. Long-term, this industrial tape area is doing a great job.

COMMENT
COMMENT
April 27, 2016

A 40-year-old company that makes duct tape. Used to own this. It had a lot of inefficient plants and poor acquisitions. A new CEO came in and cleaned house. They have some new plants coming on in the US. It probably goes higher from here. 3.4% dividend yield.

Show full opinionHide full opinion

A 40-year-old company that makes duct tape. Used to own this. It had a lot of inefficient plants and poor acquisitions. A new CEO came in and cleaned house. They have some new plants coming on in the US. It probably goes higher from here. 3.4% dividend yield.

COMMENT
COMMENT
January 28, 2016

Makes a number of industrial products. Should also benefit from what is going on in Amazon (AMZN-Q) and online sales with packaging. All the packaging companies got slammed a few days ago. Activist hedge funds sent letters to the company asking for a bigger share buyback and larger dividends, because of the valuation of this company versus some of its peers. The company has had execution problems. The last two quarters have not put the puck in the net. Thinks the market is waiting for better operations from the company before it affords it a higher valuation. He loves the dividend.

Show full opinionHide full opinion

Makes a number of industrial products. Should also benefit from what is going on in Amazon (AMZN-Q) and online sales with packaging. All the packaging companies got slammed a few days ago. Activist hedge funds sent letters to the company asking for a bigger share buyback and larger dividends, because of the valuation of this company versus some of its peers. The company has had execution problems. The last two quarters have not put the puck in the net. Thinks the market is waiting for better operations from the company before it affords it a higher valuation. He loves the dividend.

HOLD
HOLD
November 11, 2015

A great turnaround business. He has a view of 3-5 years. If you look past the last 3 to 5 years, they have significantly delivered the business, have grown margins, launched a new plant in South Carolina. A really interesting name to hold. 4.1% dividend yield.

Show full opinionHide full opinion

A great turnaround business. He has a view of 3-5 years. If you look past the last 3 to 5 years, they have significantly delivered the business, have grown margins, launched a new plant in South Carolina. A really interesting name to hold. 4.1% dividend yield.

PAST TOP PICK
PAST TOP PICK
November 3, 2015

(A Top Pick Oct 2/14. Down 0.76%.) This was doing really well until about the middle of the year, when they flubbed a quarter. They were trying to rationalize some of their capacity, and management missed their cost cutting guidelines and were deferred for a whole year, so the stock fell off to about $15. Relatively comfortable with the story and is confident that next year you should start to see an improvement in the share price as some of those benefits from the capacity rationalization kick in. Very healthy balance sheet.

Show full opinionHide full opinion

(A Top Pick Oct 2/14. Down 0.76%.) This was doing really well until about the middle of the year, when they flubbed a quarter. They were trying to rationalize some of their capacity, and management missed their cost cutting guidelines and were deferred for a whole year, so the stock fell off to about $15. Relatively comfortable with the story and is confident that next year you should start to see an improvement in the share price as some of those benefits from the capacity rationalization kick in. Very healthy balance sheet.

BUY
BUY
September 29, 2015

It has changed over the years. They made some poor acquisitions. They really pulled out and de-levered the balance sheet with the new CEO. Most recently they started getting into a south Carolina plant but they pushed out the date so you saw it in the price.

Show full opinionHide full opinion

It has changed over the years. They made some poor acquisitions. They really pulled out and de-levered the balance sheet with the new CEO. Most recently they started getting into a south Carolina plant but they pushed out the date so you saw it in the price.

COMMENT
COMMENT
July 29, 2015

A great turnaround company. On his list of names that he likes. They have a new plant that is opening up in the Carolinas, which will take on a large amount of their capacity, which he thinks is going to drive margins further ahead than what the analysts are estimating. He likes the stability in their business. Generates a lot of free cash flow. Nice 3% dividend yield that is growing. A high-quality name to own.

Show full opinionHide full opinion

A great turnaround company. On his list of names that he likes. They have a new plant that is opening up in the Carolinas, which will take on a large amount of their capacity, which he thinks is going to drive margins further ahead than what the analysts are estimating. He likes the stability in their business. Generates a lot of free cash flow. Nice 3% dividend yield that is growing. A high-quality name to own.

PAST TOP PICK
PAST TOP PICK
June 2, 2015

(A Top Pick July 23/14. Up 42.4%.) The easy money has been made, but thinks it still has 15 or 20 points to go.

Show full opinionHide full opinion

(A Top Pick July 23/14. Up 42.4%.) The easy money has been made, but thinks it still has 15 or 20 points to go.

BUY
BUY
May 28, 2015

They had some issues and it is not a bad time to buy now. He thinks US housing will go up.

Show full opinionHide full opinion

They had some issues and it is not a bad time to buy now. He thinks US housing will go up.

TOP PICK
TOP PICK
April 20, 2015

Manufactures tape. This is for the e-commerce revolution that is going on globally. They sell a lot of stuff to Amazon. First-quarter earnings are not going to be so hot because of people delaying orders looking to get tapes at cheaper prices. Their biggest input is oil (resin) where prices have plummeted. Increased its dividend by 50% giving it a yield of 3.56%. Balance sheet has improved and cash flow is gushing. He is buying all he can buy below $18.

Show full opinionHide full opinion

Manufactures tape. This is for the e-commerce revolution that is going on globally. They sell a lot of stuff to Amazon. First-quarter earnings are not going to be so hot because of people delaying orders looking to get tapes at cheaper prices. Their biggest input is oil (resin) where prices have plummeted. Increased its dividend by 50% giving it a yield of 3.56%. Balance sheet has improved and cash flow is gushing. He is buying all he can buy below $18.

WEAK BUY
WEAK BUY
March 12, 2015

It is a smaller cap name than she looks for. It had a disappointing quarter, but will benefit from lower input costs. They are in packaging and a pickup in over all shipments would benefit them. They are Canadian, but have facilities in the US.

Show full opinionHide full opinion

It is a smaller cap name than she looks for. It had a disappointing quarter, but will benefit from lower input costs. They are in packaging and a pickup in over all shipments would benefit them. They are Canadian, but have facilities in the US.

COMMENT
COMMENT
March 11, 2015

This is a bit of a mixed chart. The one year chart shows an upward trend followed by a consolidation pattern from December on. You don’t want to see this break down through the $17 level.

Show full opinionHide full opinion

This is a bit of a mixed chart. The one year chart shows an upward trend followed by a consolidation pattern from December on. You don’t want to see this break down through the $17 level.

COMMENT
COMMENT
January 28, 2015

Came out with some mildly disappointing earnings, but it looks like most of it is temporary. It probably has a couple of dollars more to go over the next year or so. Has a little bit of a dividend, which will probably be increased. The real money has been made already, but if you are holding it for a rising dividend, you are probably going to be okay.

Show full opinionHide full opinion

Came out with some mildly disappointing earnings, but it looks like most of it is temporary. It probably has a couple of dollars more to go over the next year or so. Has a little bit of a dividend, which will probably be increased. The real money has been made already, but if you are holding it for a rising dividend, you are probably going to be okay.

WAIT
WAIT
January 26, 2015

They issued a Q4 warning. They say next year should be intact. Give it a couple more weeks and then you should be okay on this one.

Show full opinionHide full opinion

They issued a Q4 warning. They say next year should be intact. Give it a couple more weeks and then you should be okay on this one.

WAIT
WAIT
January 19, 2015

End of January until May of each year is the period of seasonal strength. It did not work last year. The long term trend is upward and it is outperforming the market so the technicals are attractive.

Show full opinionHide full opinion

End of January until May of each year is the period of seasonal strength. It did not work last year. The long term trend is upward and it is outperforming the market so the technicals are attractive.

HOLD
HOLD
November 19, 2014

This is really a turnaround story that is firing on all cylinders. Just came out with their earnings in the last few weeks and they were blowout numbers. Their big competition in North America is 3M (MMM-N). They continue to execute and have done a very good job of restructuring and streamlining the company. Thinks their business continues to go higher.

Show full opinionHide full opinion

This is really a turnaround story that is firing on all cylinders. Just came out with their earnings in the last few weeks and they were blowout numbers. Their big competition in North America is 3M (MMM-N). They continue to execute and have done a very good job of restructuring and streamlining the company. Thinks their business continues to go higher.

BUY
BUY
October 15, 2014

Dividend is paid in US$’s which he likes. It is largely a US company, but Canadian listed. Although it can be volatile, to him it seems very cheap. Under followed. He has been Buying on dips in the last couple of months.

Show full opinionHide full opinion

Dividend is paid in US$’s which he likes. It is largely a US company, but Canadian listed. Although it can be volatile, to him it seems very cheap. Under followed. He has been Buying on dips in the last couple of months.

Showing 61 to 90 of 132 entries