Today, Teal Linde and Jim Cramer - Mad Money commented about whether QS-N, ZM-Q, NVDA-Q, LNR-T, KNSL-N, BN-T, BYD-T, MTY-T, NA-T, TCW-T, WEF-T, INTC-Q, NVDA-Q, AMD-Q, ATZ-T, TRP-T, TD-T, ENB-T, D-T, ATD-T, AAPL-Q, SHOP-T, BCE-T, T-T, NEE-N are stocks to buy or sell.
Some insider buying. Trades at 0.16x sales, about half as much as CFP or IFP. Money-losing right now. Specialty wood products, typically higher margin and more profitable. But not anymore, related to housing market being slow. Cut dividend to protect balance sheet, so company's now pretty secure.
A great turnaround stock with upside once US interest rates come down and housing activity starts to come back. He's keeping a close eye on it.
In terms of risk, we should be glad it bought in Canada instead of US. Banks that have gone to the US to do acquisitions have been hit and miss. CWB is a durable bank, mainly commercial which is riskier. Interest rates pivoting could certainly help commercial and real estate holdings of CWB.
Cost of capital of the small CWB always high, but now maybe growth can be unleashed as part of a larger bank.
Compounding total returns for shareholders over the long term. Over the last decade, delivered 15% annualized return. Company expects NAV to grow 17% compound return for upcoming 5 years. Wider discount than normal right now due to commercial real estate. Yield 0.8%.
(Analysts’ price target is $66.37)15-year-old P&C insurance company. Non-standardized specialty insurance, focused on being a low-cost provider. Market share 1.8%. Stock got ahead of itself, most recent dip was a chance to buy. Revenue and earnings growing 18%, trades around 20x PE. Decent growth rate for that valuation. Yield is 0.2%.
(Analysts’ price target is $418.38)About half profits come from non-auto businesses such as Skyjack and agricultural equipment. Auto parts are still under-earning from historical norms.
Market gives a higher multiple to industrial manufacturers than auto parts. So as it becomes more diversified, potential for multiple expansion. He likes the diversification. If it continues to grow the fundamentals, the stock will eventually follow. Yield is 1.5%.
For comparison, MG trades at 7.4x 2024 expected earnings, despite missing expectations and giving weak guidance, and the stock came off. Whereas LNR beat expectations, raised guidance, yet trades at 6.5x.
WSJ came out this month with a very glowing article, particularly for working women in their 20s, highlighting an appreciation of quality. Volatility from being a pandemic beneficiary, and then inventory issues. Mostly getting through that.
Expanding square footage 20-25% this year, will drive increased sales and earnings.