Consolidating over the last year. Rally off the bottom has not been terribly convincing. If cost of capital is rising, makes it tougher on these businesses. You'll do fine, but he'd rather own companies that are more leveraged to public, not private, markets. Try TROW, BAM, or CIX.
Brilliantly run for the last 30 years. They've made many successful investments, but the Westjet buy was untimely and slowed down Onex. But post-pandemic, airline travel will really pick up. So, it's now cheap in PE, though the dividend is only 0.5%. Onex hands so much stuff, so you don't know what business will work or bite them. Overall, this is fine.
An acquirer of private businesses and long-established. Strong managers. They began expanding into distresses credit, so there could be opportunities now. They bought Gluskin-Sheff, a private wealth manager for the rich which they rescued from floundering. Synergy here is good. ONEX is a fine company, though pays little in dividends. You can buy this.
(A Top Pick Apr 11/19, Down 3%) They had bought WestJet and the shares were cheap. They are a great long term private equity firm. He thinks there are other things to put his cash into now.
(A Top Pick Mar 20/19, Up 19%) It trades at a huge 15% discount to NAV. They just bought WestJet. It should be trading at $100.
Onex Corp is a Canadian stock, trading under the symbol ONEX-T on the Toronto Stock Exchange (ONEX-CT). It is usually referred to as TSX:ONEX or ONEX-T
In the last year, 2 stock analysts published opinions about ONEX-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Onex Corp.
Onex Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Onex Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Onex Corp In the last year. It is a trending stock that is worth watching.
On 2023-03-30, Onex Corp (ONEX-T) stock closed at a price of $62.76.
Very strong management team.
Hard stock to value. Private equity firm.
Trading at discount to net asset value.
High interest rates makes it hard for company to grow.
Better names to own.