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
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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.)

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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.)

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%.

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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%.

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.

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(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.

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.

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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.

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).

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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).

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.

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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.

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.

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(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.

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