Onex Corp

ONEX-T

TSE:ONEX

86.18
0.10 (0.12%)
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
PAST TOP PICK
PAST TOP PICK
January 29, 2020

(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.

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Onex Corp (ONEX-T)
January 29, 2020

(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.

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.
TOP PICK
TOP PICK
April 11, 2019
A private equity company. They have a historically good track record. It dropped because of slowness in redeploying money. It is at about a 15% discount to NAV right now. You are buying it at a discount. It will be a great investment for several years out. (Analysts’ price target is $96.11)
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Onex Corp (ONEX-T)
April 11, 2019
A private equity company. They have a historically good track record. It dropped because of slowness in redeploying money. It is at about a 15% discount to NAV right now. You are buying it at a discount. It will be a great investment for several years out. (Analysts’ price target is $96.11)
COMMENT
COMMENT
April 11, 2019
It's come off a bit. Recently, they made an interesting acquisition of Gluskin-Sheff, a struggling high net-worth private investment management firm. There could be high revenue synergies rooted in loyal, long-term clients. He respects the team, but he prefers BAM in this space.
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Onex Corp (ONEX-T)
April 11, 2019
It's come off a bit. Recently, they made an interesting acquisition of Gluskin-Sheff, a struggling high net-worth private investment management firm. There could be high revenue synergies rooted in loyal, long-term clients. He respects the team, but he prefers BAM in this space.
BUY
BUY
March 29, 2019
They buy companies and improve the business and then sell the business. He likes it but it is a complicated company. You probably need a 5 year time frame for an equity such as this. It is a nice diversifier in a portfolio but probably not a core position. You have to understand Onex as well as the companies within its structure.
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Onex Corp (ONEX-T)
March 29, 2019
They buy companies and improve the business and then sell the business. He likes it but it is a complicated company. You probably need a 5 year time frame for an equity such as this. It is a nice diversifier in a portfolio but probably not a core position. You have to understand Onex as well as the companies within its structure.
TOP PICK
TOP PICK
March 20, 2019
Incredibly cheap because there is a cash drag with 25% in cash waiting to deploy. They own Celestica and Jack's Family Restaurant. They take tired assets and reposition them over 3-5 years, then sell it back out. They're good at this. Cheap at a 10% discount now. (Analysts’ price target is $95.91)
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Onex Corp (ONEX-T)
March 20, 2019
Incredibly cheap because there is a cash drag with 25% in cash waiting to deploy. They own Celestica and Jack's Family Restaurant. They take tired assets and reposition them over 3-5 years, then sell it back out. They're good at this. Cheap at a 10% discount now. (Analysts’ price target is $95.91)
TOP PICK
TOP PICK
March 19, 2019
It was a good stock until 2018, then declined in a big move down. Things change quickly in the money-management world. It's a long-term trade for him. True, it isn't basing yet, so he's entering this a little early because he sees value and not much downside. (Analysts’ price target is $95.91)
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Onex Corp (ONEX-T)
March 19, 2019
It was a good stock until 2018, then declined in a big move down. Things change quickly in the money-management world. It's a long-term trade for him. True, it isn't basing yet, so he's entering this a little early because he sees value and not much downside. (Analysts’ price target is $95.91)
DON'T BUY
DON'T BUY
February 1, 2019
Owns a disparate group of mostly US industrial companies. Long-term plan that's difficult to put a valuation on. It trades at a discount to the whole thing being broken up. But don't hold your breath. They have a good long-term track record. They buy and sell, the stock gets a bump, and then goes quiet. Tough to own long term, even though it has value.
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Onex Corp (ONEX-T)
February 1, 2019
Owns a disparate group of mostly US industrial companies. Long-term plan that's difficult to put a valuation on. It trades at a discount to the whole thing being broken up. But don't hold your breath. They have a good long-term track record. They buy and sell, the stock gets a bump, and then goes quiet. Tough to own long term, even though it has value.
TOP PICK
TOP PICK
October 19, 2018

This is a new position for him. It a well run private equity company. They calculate NAV at $85 and any time can purchase below NAV, turns out to be a good investment. The volatility on this stock is quite low. He is happy to own this. Yield = 0.42% (Analysts’ price target is $106.10)

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Onex Corp (ONEX-T)
October 19, 2018

This is a new position for him. It a well run private equity company. They calculate NAV at $85 and any time can purchase below NAV, turns out to be a good investment. The volatility on this stock is quite low. He is happy to own this. Yield = 0.42% (Analysts’ price target is $106.10)

BUY
BUY
September 6, 2018

He has done well over the last 5-6 years. It is well run. They have a lot of equity in their own products. They are well run and stay within their core competency. It should be a good bet.

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Onex Corp (ONEX-T)
September 6, 2018

He has done well over the last 5-6 years. It is well run. They have a lot of equity in their own products. They are well run and stay within their core competency. It should be a good bet.

Tim Regan

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Price
$89.990
Owned
Unknown
COMMENT
COMMENT
May 1, 2018

A good company and well-run, but it's now pausing after a series of lower highs. It's consolidating after a slight downturn. He'd consider it if it stays at $96. It's a possible buy. But he thinks he'll consolidate for a while.

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Onex Corp (ONEX-T)
May 1, 2018

A good company and well-run, but it's now pausing after a series of lower highs. It's consolidating after a slight downturn. He'd consider it if it stays at $96. It's a possible buy. But he thinks he'll consolidate for a while.

COMMENT
COMMENT
March 8, 2018

Very well managed company. Private equity company. She prefers Brookfield Asset Management Inc (BAM.A-T) in the same space. Larger and in more different areas.

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Onex Corp (ONEX-T)
March 8, 2018

Very well managed company. Private equity company. She prefers Brookfield Asset Management Inc (BAM.A-T) in the same space. Larger and in more different areas.

DON'T BUY
DON'T BUY
October 17, 2017

Right now, this is hanging on EBV+3. EBV offers support for the stock. He would choose not to play this as there are other opportunities out there. It is very nebulous to look at and there are no real earnings.

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Onex Corp (ONEX-T)
October 17, 2017

Right now, this is hanging on EBV+3. EBV offers support for the stock. He would choose not to play this as there are other opportunities out there. It is very nebulous to look at and there are no real earnings.

COMMENT
COMMENT
October 4, 2017

You have to be very patient with this, because whatever deals come along at the appropriate time, it is to their credit. They are not going to overpay just for the sake of overpaying, which is what we are seeing now among the pension funds. If this market ever quits, there could be a lot of problems in the private equity market.

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Onex Corp (ONEX-T)
October 4, 2017

You have to be very patient with this, because whatever deals come along at the appropriate time, it is to their credit. They are not going to overpay just for the sake of overpaying, which is what we are seeing now among the pension funds. If this market ever quits, there could be a lot of problems in the private equity market.

BUY
BUY
July 14, 2017

A very strong, blue-chip, acquirer of companies, which has grown from next to nothing. Thinks it will continue this route.

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Onex Corp (ONEX-T)
July 14, 2017

A very strong, blue-chip, acquirer of companies, which has grown from next to nothing. Thinks it will continue this route.

WATCH
WATCH
June 6, 2016

A wonderful company. Their ability to acquire companies, fix them up and sell them is great. He got out too soon and is not yet comfortable getting back in. A great company and a durable business. It will go up for many more years. However they don’t pay a good dividend and they are cyclical.

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Onex Corp (ONEX-T)
June 6, 2016

A wonderful company. Their ability to acquire companies, fix them up and sell them is great. He got out too soon and is not yet comfortable getting back in. A great company and a durable business. It will go up for many more years. However they don’t pay a good dividend and they are cyclical.

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