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For a few months it was the biggest company in Canada, surpassing RY-T. He used to own SHOP-T. He moved on because of high expectations and valuations. The concerns remain and are greater now than three years ago. It's going to face difficult comparisons to last year as we return to normalcy during 2021. They do a lot of their business in the US. The chart is not broken but the uptrend looks wobbly. There is support around $1,400 and below that there is quite an air-pocket. If you own it, lighten up on it.
This is like SHOP-T. It is pricey and the market has high-expectations. There will be some structural spend but it may not be enough to justify the PE. There will be difficult comparisons to last year, a banner year.
It is subject to a take-over offer. He also owns the parent. He initially took none of the offers. He waited for them to sweeten the offer which they did. He thinks that will be the final offer. You should tender your shares for BAM.A-T so you participate in the recovery of their assets. The draw back is that you may not be able to crystallize losses, if that is a consideration.
(A Top Pick Apr 09/20, Up 26%) It is not as racy as a SHOP-T. It is a large outsourcing firm. They have a great client base and are a great consolidator. They are always undervalued, caused by the organic growth being mid-single digits. The total growth is good. He is comfortable buying it here.
It is a recent addition to his portfolios. It is Canada's largest commercial printing operation and unnoticed by the majority of investors. They are going to be a big player in the flexible packaging industry. It will be more like CCL industries. They are best known for their fliers. They have been shrinking that footprint. The shares are inexpensive. They have a long history of growing the dividend. The stock should turn up dramatically this year as it was depressed last year. (Analysts’ price target is $25.25)
