Onex Corp

ONEX-T

TSE:ONEX

88.20
0.80 (0.90%)
Onex Corporation is a private equity investment firm and holding company based out of Toronto, Ontario. As of 2016, the firm has over $22 billion of assets under management.
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Analysis and Opinions about ONEX-T

Signal
Opinion
Expert
COMMENT
COMMENT
January 9, 2020

Onyx has done a good job on their portfolios. She has been playing this through KKR-N and Brookfield to get these secular drivers. They have strong alignment with shareholders.

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Onex Corp (ONEX-T)
January 9, 2020

Onyx has done a good job on their portfolios. She has been playing this through KKR-N and Brookfield to get these secular drivers. They have strong alignment with shareholders.

PAST TOP PICK
PAST TOP PICK
November 22, 2019
(A Top Pick Aug 29/19, Up 2%) He still owns this one. He likes the up trend that has been in place since early 2019. They have been finding some good details that is adding value. There does not appear to be a lot of risk at this stage and he thinks it could trade over $90 again soon. A good core position for the time being.
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Onex Corp (ONEX-T)
November 22, 2019
(A Top Pick Aug 29/19, Up 2%) He still owns this one. He likes the up trend that has been in place since early 2019. They have been finding some good details that is adding value. There does not appear to be a lot of risk at this stage and he thinks it could trade over $90 again soon. A good core position for the time being.
HOLD
HOLD
November 19, 2019

Sell and buy BAM? Don't panic, don't bail. This will remain news-driven. Hold onto it. You could sell some of this and buy BAM.

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Onex Corp (ONEX-T)
November 19, 2019

Sell and buy BAM? Don't panic, don't bail. This will remain news-driven. Hold onto it. You could sell some of this and buy BAM.

PARTIAL SELL
PARTIAL SELL
November 18, 2019
Sell this and buy BAM? It's definitely breaking a downtrend; it is testing the upper end of a channel. It's been rangebound this year. But you can switch over to BAM; tailwinds are behind them because management has the confidence of the market.
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Onex Corp (ONEX-T)
November 18, 2019
Sell this and buy BAM? It's definitely breaking a downtrend; it is testing the upper end of a channel. It's been rangebound this year. But you can switch over to BAM; tailwinds are behind them because management has the confidence of the market.
COMMENT
COMMENT
November 8, 2019
Westjet purchase? The purchase of on airline has always been a goal of Onex -- especially in the duopoly in Canada. Onex is largely a private equity company and sometimes accused of putting management ahead of shareholder needs. He worries a little about the valuation that private equity companies are carrying their investments at.
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Onex Corp (ONEX-T)
November 8, 2019
Westjet purchase? The purchase of on airline has always been a goal of Onex -- especially in the duopoly in Canada. Onex is largely a private equity company and sometimes accused of putting management ahead of shareholder needs. He worries a little about the valuation that private equity companies are carrying their investments at.
PAST TOP PICK
PAST TOP PICK
October 28, 2019
(A Top Pick Oct 19/18, Down 8%) He doubled up on it earlier in the year and he still likes it. It is a fantastically run business. They had their investor day a couple of weeks ago and they communicated how they are redesigning the business. They are a private equity company. It is selling at a 20% discount to net asset value. This could have been a forth Top Pick.
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Onex Corp (ONEX-T)
October 28, 2019
(A Top Pick Oct 19/18, Down 8%) He doubled up on it earlier in the year and he still likes it. It is a fantastically run business. They had their investor day a couple of weeks ago and they communicated how they are redesigning the business. They are a private equity company. It is selling at a 20% discount to net asset value. This could have been a forth Top Pick.
WATCH
WATCH
October 15, 2019

He's owned this on and off. Managers are sharp and own a lot of stock. Theyr'e going through a soft patch with their underlying businesses, but they will get through this. Wait to see what they do with WestJet and Gluskin Sheff. Boasts good return on equity historically. Won't buy it here, but watch it.

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Onex Corp (ONEX-T)
October 15, 2019

He's owned this on and off. Managers are sharp and own a lot of stock. Theyr'e going through a soft patch with their underlying businesses, but they will get through this. Wait to see what they do with WestJet and Gluskin Sheff. Boasts good return on equity historically. Won't buy it here, but watch it.

TOP PICK
TOP PICK
August 29, 2019

Consumate buyers. Just bought WestJet. Not a lot of risk. Eventually, market will move, and this will break out. Yield is 0.51%. (Analysts’ price target is $97.63)

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Onex Corp (ONEX-T)
August 29, 2019

Consumate buyers. Just bought WestJet. Not a lot of risk. Eventually, market will move, and this will break out. Yield is 0.51%. (Analysts’ price target is $97.63)

BUY
BUY
July 16, 2019
It's basing and might break out. He's bullish and expects it to rise above $90.
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Onex Corp (ONEX-T)
July 16, 2019
It's basing and might break out. He's bullish and expects it to rise above $90.
BUY
BUY
July 9, 2019
The chart is doing well. In 2016, it popped up, rose, and has now fallen back to $80. There's a good chance to rise close to $100 again.
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Onex Corp (ONEX-T)
July 9, 2019
The chart is doing well. In 2016, it popped up, rose, and has now fallen back to $80. There's a good chance to rise close to $100 again.
PAST TOP PICK
PAST TOP PICK
June 20, 2019
(A Top Pick Mar 19/19, Up 8%) It reached a peak and then touched bases. He thinks it will break through eventually it could go higher.
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Onex Corp (ONEX-T)
June 20, 2019
(A Top Pick Mar 19/19, Up 8%) It reached a peak and then touched bases. He thinks it will break through eventually it could go higher.
DON'T BUY
DON'T BUY
June 18, 2019
CEO Gerry Schwartz finally got his airline. Onex knows airlines very well; it made a lot of money in that business. Airlines are an oligopoly in Canada and getting more profitable all the time. But Onex pays a meager dividend, 0.5%. They can afford to pay more. It's a huge conglomerate with many holdings, so hard to analyze. Some says Onex is trading at a discount to its parts.
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Onex Corp (ONEX-T)
June 18, 2019
CEO Gerry Schwartz finally got his airline. Onex knows airlines very well; it made a lot of money in that business. Airlines are an oligopoly in Canada and getting more profitable all the time. But Onex pays a meager dividend, 0.5%. They can afford to pay more. It's a huge conglomerate with many holdings, so hard to analyze. Some says Onex is trading at a discount to its parts.
TOP PICK
TOP PICK
May 16, 2019

A discount to NAV. They suffered as they had a cash component. Incredible cheap. They just bought West Jet. They are going to do what they always do: create value for individual shareholders. (Analysts’ price target is $95.57)

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Onex Corp (ONEX-T)
May 16, 2019

A discount to NAV. They suffered as they had a cash component. Incredible cheap. They just bought West Jet. They are going to do what they always do: create value for individual shareholders. (Analysts’ price target is $95.57)

BUY
BUY
May 15, 2019

Likes their chart and it continues to improve, even with the Westjet buy this week. It's seeing an uptrend since December with higher highs and lows. He'd like to see stronger volume. The next resistance level is $90.

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Onex Corp (ONEX-T)
May 15, 2019

Likes their chart and it continues to improve, even with the Westjet buy this week. It's seeing an uptrend since December with higher highs and lows. He'd like to see stronger volume. The next resistance level is $90.

BUY
BUY
April 15, 2019
BAM.A vs. Onex They're very different companies. BAM has moved from infrastructure to being more private equity; it's larger than Onex. Onex just bought Gluskin and Sheff, branching into a new direction. You can do well owning both; buy 50/50 in them. He can't favour one over the other.
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Onex Corp (ONEX-T)
April 15, 2019
BAM.A vs. Onex They're very different companies. BAM has moved from infrastructure to being more private equity; it's larger than Onex. Onex just bought Gluskin and Sheff, branching into a new direction. You can do well owning both; buy 50/50 in them. He can't favour one over the other.
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