Intertape Polymer Group

ITP-T

TSE:ITP

12.38
0.01 (0.08%)
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 2, 2014

Delevered their balance sheet. Volume growth is based on growth in the US. Because their balance sheet is clean, they can make an acquisition that would be accretive without leverage. You are set up for dividend growth.

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Delevered their balance sheet. Volume growth is based on growth in the US. Because their balance sheet is clean, they can make an acquisition that would be accretive without leverage. You are set up for dividend growth.

TOP PICK
TOP PICK
September 17, 2014

Manufactures industrial tape. One of its largest customers is Amazon. Very stable and doesn’t tend to move much. They have already doubled their dividend. When they have their new plant online in Q1, things will be settled and they will be increasing their dividend again.

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Manufactures industrial tape. One of its largest customers is Amazon. Very stable and doesn’t tend to move much. They have already doubled their dividend. When they have their new plant online in Q1, things will be settled and they will be increasing their dividend again.

HOLD
HOLD

Would continue to hold it.

TOP PICK
TOP PICK
July 23, 2014

Rode the turnaround from $1.30 to $16 and sold his holdings. Stock got weak and went down to $13 or lower. They took their cash flow and increased the dividend by 50%. A conservative board and they wouldn’t have done that unless they were super confident about the future. Also, announced a share buyback of 2 million shares. This goes from being a turnaround story to a dividend story. Thinks that the last legs of the turnaround will produce enough cash to increase the dividend another 50% or more over the next couple of years. Stable, safe and well run.

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Rode the turnaround from $1.30 to $16 and sold his holdings. Stock got weak and went down to $13 or lower. They took their cash flow and increased the dividend by 50%. A conservative board and they wouldn’t have done that unless they were super confident about the future. Also, announced a share buyback of 2 million shares. This goes from being a turnaround story to a dividend story. Thinks that the last legs of the turnaround will produce enough cash to increase the dividend another 50% or more over the next couple of years. Stable, safe and well run.

SELL
SELL
March 11, 2014

Did the uptrend break last year on ITP-T? Yes, the stock did break its uptrend last year. Made a new lower high after the uptrend. Chart does not look encouraging. If you own it, you should exit at some point.

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Did the uptrend break last year on ITP-T? Yes, the stock did break its uptrend last year. Made a new lower high after the uptrend. Chart does not look encouraging. If you own it, you should exit at some point.

COMMENT
COMMENT
February 18, 2014

Sold his holdings that he had bought at $2.66. Management has done a great job in refocusing the company in a lot of ways. It was a tremendous success story for him. It took a number of years.

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Sold his holdings that he had bought at $2.66. Management has done a great job in refocusing the company in a lot of ways. It was a tremendous success story for him. It took a number of years.

PAST TOP PICK
PAST TOP PICK
July 26, 2013

(A Top Pick Aug 7/12. Up 39.84%.) Still likes. Thinks it still has a little more oomph to it but most of the easy money has been made.

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(A Top Pick Aug 7/12. Up 39.84%.) Still likes. Thinks it still has a little more oomph to it but most of the easy money has been made.

PAST TOP PICK
PAST TOP PICK
May 29, 2013

(A Top Pick Aug 7/12. Up 48.32%.)

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(A Top Pick Aug 7/12. Up 48.32%.)

HOLD
HOLD
January 18, 2013

Has it as a Hold but thinks it can do a double from here. One negative is the old CEO, the father of the current CEO, has been doing some insider selling. Doesn’t really like to see that. This one is a great barometer of the economy because they are involved in the housing and aeronautics fields.

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Has it as a Hold but thinks it can do a double from here. One negative is the old CEO, the father of the current CEO, has been doing some insider selling. Doesn’t really like to see that. This one is a great barometer of the economy because they are involved in the housing and aeronautics fields.

BUY
BUY
October 2, 2012

Still has a target of $15+. Insiders have been heavy buyers in the $6-$7 range. He has it listed as a Hold but for momentum players who think it will recover and who think they missed the boat, it has a lot of upside potential.

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Still has a target of $15+. Insiders have been heavy buyers in the $6-$7 range. He has it listed as a Hold but for momentum players who think it will recover and who think they missed the boat, it has a lot of upside potential.

TOP PICK
TOP PICK
August 7, 2012

One of his biggest winners. Picked because he wanted to talk about buying stocks that are going up. Classic bust company that is fixing itself. They don’t need any growth in this economy. Margins are fattening.

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One of his biggest winners. Picked because he wanted to talk about buying stocks that are going up. Classic bust company that is fixing itself. They don’t need any growth in this economy. Margins are fattening.

HOLD
HOLD
June 29, 2012
Trend is obviously up, but may be parabolic right now. He would have to take a look at some of the momentum indicators to see if it has been overbought.
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Trend is obviously up, but may be parabolic right now. He would have to take a look at some of the momentum indicators to see if it has been overbought.
BUY
BUY
May 31, 2012
Thinks it can double from this level. In the past it has traded at more than that. It has moved to a momentum play.
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Thinks it can double from this level. In the past it has traded at more than that. It has moved to a momentum play.
HOLD
HOLD
April 17, 2012
Has tremendous upside potential and could easily go into the mid-double digits. Good management. Closed their Brantford plant so that is no longer a drain. Competition is being reduced.
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Has tremendous upside potential and could easily go into the mid-double digits. Good management. Closed their Brantford plant so that is no longer a drain. Competition is being reduced.
HOLD
HOLD
April 4, 2012
Great example of a very cyclical stock, very much tied into the economy. To get back up to a higher target, there will have to be a recovery in the housing market. A general recovery will bring the stock higher. Their margins have really improved.
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Great example of a very cyclical stock, very much tied into the economy. To get back up to a higher target, there will have to be a recovery in the housing market. A general recovery will bring the stock higher. Their margins have really improved.
COMMENT
COMMENT
February 16, 2012
Can see how this stock can get into the teens and even higher. Very much based on the housing economy and the aeronautics sector. The major negative is that they keep losing money on an annual basis. Sometimes have good quarters but don't seem to be able to sustain it.
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Can see how this stock can get into the teens and even higher. Very much based on the housing economy and the aeronautics sector. The major negative is that they keep losing money on an annual basis. Sometimes have good quarters but don't seem to be able to sustain it.
HOLD
HOLD
January 17, 2012
Insiders have been buying. He can see it going up to double digits.
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Insiders have been buying. He can see it going up to double digits.
WAIT
WAIT
December 6, 2011
Year after year it has lost money. He wants to see it make money on an annual basis, not a quarterly basis.
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Year after year it has lost money. He wants to see it make money on an annual basis, not a quarterly basis.
HOLD
HOLD
October 4, 2011
Finally made money this past quarter and things are looking better for them. CEO says competitive pressures have lessened. Major competitor is 3M (MMM-N) who are now looking for margins rather than market share.
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Finally made money this past quarter and things are looking better for them. CEO says competitive pressures have lessened. Major competitor is 3M (MMM-N) who are now looking for margins rather than market share.
BUY
BUY
August 25, 2011
On his buy list. Numbers have improved. Excellent chance they will get better. First time in years they have said competitive pressures have eased. They are now trying to make sure they have better margins. They lost a lawsuit and were supposed to loose $13 million but it was scaled back to $1 million. They have lost money for 5 years so he needs to see a few quarters of positive earnings. He would consider buying it if he didn’t own it.
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On his buy list. Numbers have improved. Excellent chance they will get better. First time in years they have said competitive pressures have eased. They are now trying to make sure they have better margins. They lost a lawsuit and were supposed to loose $13 million but it was scaled back to $1 million. They have lost money for 5 years so he needs to see a few quarters of positive earnings. He would consider buying it if he didn’t own it.
BUY
BUY
July 15, 2011
Likes it. It’s around where he bought it. For the first time in years they are seeing the competitive pressures (3M) falling away. Is happy to buy it from this point. The one negative is that they have lost money for a number of years in a row.
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Likes it. It’s around where he bought it. For the first time in years they are seeing the competitive pressures (3M) falling away. Is happy to buy it from this point. The one negative is that they have lost money for a number of years in a row.
HOLD
HOLD
May 31, 2011
One could sell to trigger a tax loss and buy back after 30 days. Financials are much better now. Content to hold it – there is potential upside. There was significant insider trading recently.
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One could sell to trigger a tax loss and buy back after 30 days. Financials are much better now. Content to hold it – there is potential upside. There was significant insider trading recently.
PAST TOP PICK
PAST TOP PICK
September 17, 2010
(A Top Pick Oct 22/09. Down 16.5%.) Very highly tuned to the economy and housing market. They have to start showing regular profits quarter after quarter. Introducing some new products. Still likes.
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(A Top Pick Oct 22/09. Down 16.5%.) Very highly tuned to the economy and housing market. They have to start showing regular profits quarter after quarter. Introducing some new products. Still likes.
BUY
BUY
July 13, 2010
Watched it crash. Should have bought more after it crashed. Have a new CEO who was managing their leveraged division. Refinanced their debt in fall of 2008. Happy to hold.
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Watched it crash. Should have bought more after it crashed. Have a new CEO who was managing their leveraged division. Refinanced their debt in fall of 2008. Happy to hold.
SELL
SELL
June 3, 2010
Doesn’t know what the earnings are doing. He has owned it before. From a technical point of view, it had a strong recovery then a nosedive. If they have earnings problems then sell.
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Doesn’t know what the earnings are doing. He has owned it before. From a technical point of view, it had a strong recovery then a nosedive. If they have earnings problems then sell.
BUY
BUY
April 5, 2010
Are expanding their product line; aeronautics division is in recovery mode. They don’t have to pay debt very soon. Thinks this one could go up an awfully long way from here.
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Are expanding their product line; aeronautics division is in recovery mode. They don’t have to pay debt very soon. Thinks this one could go up an awfully long way from here.
BUY
BUY
February 9, 2010
Insider buying has been tremendous. Could see how it would go up another 5-6 times. They refinanced their debt. They are big in the automotive and housing sectors that were beaten up and are on the rebound.
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Insider buying has been tremendous. Could see how it would go up another 5-6 times. They refinanced their debt. They are big in the automotive and housing sectors that were beaten up and are on the rebound.
TOP PICK
TOP PICK
October 22, 2009
Refinancing of debt gives them some breathing room. Had a takeover offer and turned it down. If another offer came in he thinks they would jump at it.
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Refinancing of debt gives them some breathing room. Had a takeover offer and turned it down. If another offer came in he thinks they would jump at it.
PAST TOP PICK
PAST TOP PICK
October 22, 2009
(Top Pick Sept 15/08) Really got beaten up badly. Went under a dollar. Reducing debt put them in a better space. Still have 250 Million in debt.
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(Top Pick Sept 15/08) Really got beaten up badly. Went under a dollar. Reducing debt put them in a better space. Still have 250 Million in debt.
PAST TOP PICK
PAST TOP PICK
August 7, 2009
(A Top Pick July 4/08. Down 64.94%.) Barometer of the economy. Sales went down 23% year-over-year. Insiders have been doing a lot of buying. Cutting expenses. As housing and aerospace picks up, the stock should recover. New products seem to be ramping up a little. Still believes in it and it is still on his Buy list.
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(A Top Pick July 4/08. Down 64.94%.) Barometer of the economy. Sales went down 23% year-over-year. Insiders have been doing a lot of buying. Cutting expenses. As housing and aerospace picks up, the stock should recover. New products seem to be ramping up a little. Still believes in it and it is still on his Buy list.
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