Intertape Polymer Group

ITP-T

TSE:ITP

15.82
0.02 (0.13%)
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
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’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.

Matt Kacur
President, FSA Financial Science and Art
Price
$22.950
Owned
Unknown
TOP PICK
TOP PICK
April 17, 2017

Everything that is shipped has to be professionally taped. They have done a good job of taking their market share and expanding outside of Canada and the US. Great dividend that has grown many years in a row. (Analysts’ target: $27.75).

Everything that is shipped has to be professionally taped. They have done a good job of taking their market share and expanding outside of Canada and the US. Great dividend that has grown many years in a row. (Analysts’ target: $27.75).

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$23.610
Owned
Yes
COMMENT
COMMENT
April 12, 2017

Doesn’t follow this closely, because it is a smaller cap name. A packaging company. Generally speaking, it is a pretty well-run company. There is a cyclicality to it. Thinks they are ramping up a new plant. You could probably hold this long-term to get industrial exposure. Well-managed.

Doesn’t follow this closely, because it is a smaller cap name. A packaging company. Generally speaking, it is a pretty well-run company. There is a cyclicality to it. Thinks they are ramping up a new plant. You could probably hold this long-term to get industrial exposure. Well-managed.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$23.220
Owned
No
PAST TOP PICK
PAST TOP PICK
April 11, 2017

(A Top Pick Oct 26/16. Up 4%.) This was up in the $27 range, but came back down when they were a little light on earnings. They have a tax issue where they had to refile, but it didn’t cause any changes to the overall structure. He thinks this could go to the $28-$29 range.

(A Top Pick Oct 26/16. Up 4%.) This was up in the $27 range, but came back down when they were a little light on earnings. They have a tax issue where they had to refile, but it didn’t cause any changes to the overall structure. He thinks this could go to the $28-$29 range.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$23.460
Owned
Yes
HOLD
HOLD
March 22, 2017

Packaging, but in products that are a lot more commoditized than some of the others. Management has done a great job turning the company around. Up against some 800 pound gorillas such as 3M. They are looking for “value added” products to launch in small acquisitions. They are modernizing and expanding some of the plants. Not a cheap stock, but thinks management is going to succeed.

Packaging, but in products that are a lot more commoditized than some of the others. Management has done a great job turning the company around. Up against some 800 pound gorillas such as 3M. They are looking for “value added” products to launch in small acquisitions. They are modernizing and expanding some of the plants. Not a cheap stock, but thinks management is going to succeed.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$21.630
Owned
No
TOP PICK
TOP PICK
March 20, 2017

This basically makes tapes. Designs things like Scotch tape, as well as making a lot of tape for industrial use, and for e-commerce. They control costs partially by phasing out older plants and building bigger and more efficient ones. Stock has been a little flat in the last couple of months because of flooding in one of their new plants, but that is fading away now. Dividend yield of 3.3%. (Analysts’ price target is $27.75.)

This basically makes tapes. Designs things like Scotch tape, as well as making a lot of tape for industrial use, and for e-commerce. They control costs partially by phasing out older plants and building bigger and more efficient ones. Stock has been a little flat in the last couple of months because of flooding in one of their new plants, but that is fading away now. Dividend yield of 3.3%. (Analysts’ price target is $27.75.)

Jim Huang
President, T.I.P. Wealth Management
Price
$21.940
Owned
Yes
COMMENT
COMMENT
March 1, 2017

Just announced a misstatement in earnings in the last few years. The good news is, it doesn’t seem to be material. It didn’t affect their adjusted EBITDA or their cash flow, but made a mistake on their adjusted earnings number. The company is in the right space manufacturing tape and other film products, and benefiting so much from the e-commerce economy. A great dividend and generates a lot of free cash flow. Trades at a discount to some of its peers. They’ve started to expand outside North America. He is very positive on the long-term outlook.

Just announced a misstatement in earnings in the last few years. The good news is, it doesn’t seem to be material. It didn’t affect their adjusted EBITDA or their cash flow, but made a mistake on their adjusted earnings number. The company is in the right space manufacturing tape and other film products, and benefiting so much from the e-commerce economy. A great dividend and generates a lot of free cash flow. Trades at a discount to some of its peers. They’ve started to expand outside North America. He is very positive on the long-term outlook.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$22.280
Owned
Yes
COMMENT
COMMENT
January 26, 2017

Has owned this in the past, but got stopped out sometime last year. A Canadian name that has a bit of a lower volatility profile, so it’s one you would want to own for a long time. They have a lot of US business.

Has owned this in the past, but got stopped out sometime last year. A Canadian name that has a bit of a lower volatility profile, so it’s one you would want to own for a long time. They have a lot of US business.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$24.230
Owned
No
COMMENT
COMMENT
January 12, 2017

A great business with a great dividend. They are a bit of a price taker with 3M, which is his only knock against the company. However, they are offsetting that with a lot of operational improvements and some of the new plants they are putting into operation. They’ve made a few acquisitions including a recent one in India.

A great business with a great dividend. They are a bit of a price taker with 3M, which is his only knock against the company. However, they are offsetting that with a lot of operational improvements and some of the new plants they are putting into operation. They’ve made a few acquisitions including a recent one in India.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$23.810
Owned
Yes
TOP PICK
TOP PICK
December 8, 2016

Makes all kinds of different tapes for packaging, but also has leverage to e-commerce with the growth in shipping. Has a lot of business in the US, and have been building new plants to lower costs and improve efficiencies. Their transition has not been smooth, having been hit by a flood and just coming out of it. When they get the plant running well, they are going to have a cost advantage and a lot more capacity. Dividend yield of 3.06%. (Analysts’ price target is $27.25.)

Makes all kinds of different tapes for packaging, but also has leverage to e-commerce with the growth in shipping. Has a lot of business in the US, and have been building new plants to lower costs and improve efficiencies. Their transition has not been smooth, having been hit by a flood and just coming out of it. When they get the plant running well, they are going to have a cost advantage and a lot more capacity. Dividend yield of 3.06%. (Analysts’ price target is $27.25.)

Jim Huang
President, T.I.P. Wealth Management
Price
$24.190
Owned
Yes
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.

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.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$24.740
Owned
No
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.

(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.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$22.550
Owned
Unknown
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%.

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%.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$22.940
Owned
Yes
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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$23.390
Owned
No
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%.

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%.

Jim Huang
President, T.I.P. Wealth Management
Price
$22.800
Owned
Yes
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