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
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.

HOLD
HOLD
May 25, 2016

(Market Call Minute.) Sold his holdings in the 80s and it has not come off enough for him to buy it back yet.

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Onex Corp (ONEX-T)
May 25, 2016

(Market Call Minute.) Sold his holdings in the 80s and it has not come off enough for him to buy it back yet.

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