Stuart Olson Inc CUUHF

Just Read A National Bank Of Canada

[crow27]

Financial Q1/19 results for SOX, May 9, 2019 Quote - Balance sheet under stress; downgrade. We are downgrading the name (SOX) to underperform from Sector Perform ($3.50 target vs. prior $4.50). And that is a price without a correction in the markets? Maybe a buyout is not even in the cards as this report also mention this. Quote - With no slate of directors being nominated to the SOX board on the back of an activist letter and lack of strategic interest in vertical infrastructure, we think there could be further pressure on SOX shares. I guess you can read into this how you like but it is not positive by any means.

[wheeloffortune]

CIBC's and Raymond James' latest price target is $5.

[crow27]

At $3.68 close today it looks like National Bank Of Canada is a bit more accurate. Could someone please explain why this stock is getting creamed when just about every other stock is going up? I like buying near the bottom but where the h eck is near the bottom? $20, $15, $10, $5, cut Divi, now $3.68?  The track record is pretty foul. All it will take is a couple bad days and this stock will

[wheeloffortune]

Something's in the works.  I'm betting there will be a takeover bid soon by Aecon, EllisDon or PCL before it hits $3, but if it does, I'll double my position.  Divy is twice that of Aecon trading at half book value, lots of new contracts and it's making money.  I'm holding out for $6 minimum, but we'll see.

[flavin87]

Why would any world class contractor buy this dog? You are buying the people when you buy into a construction company. Show me any talent in SOX that is worth acquiring. All they have done is taken a profitable, well-run company and ran it into the ground. The companies named already have a presence in each SOX market and the vertical integration game is a bust. Make no mistale about it, the board

[wheeloffortune]

What are you talking about?  It is profitable. Read it at TMX.  P/E=5.500, EPS=1.08, P/E=0.69 and they can easily afford the 6.6% divy.  Plus they got a whole bunch of new contacts.  Obviously, management would be fired when they are taken over and the corporate policies would change to reflect the company taking them over, so those are non-issues.

[wheeloffortune]

P/B=0.69, P/E=5.500 I mean.

[flavin87]

What happened to Seacliff when Churchill bought them a few years ago? Dominion all but disappeared, Canem fell to the floor and Broda was sold off. They bought a dog and it cost them with massive goodwill write-offs. Construction is about people. When you have poor ownership and policies, the good people flee. The vertical integration model is dead.

[wheeloffortune]

Same could be said about Corus.  $25 stock 5 years ago.  $3.63 last fall.   Today it's $6.30.  I regret not buying it at $3.63; I would have made a good profit.  Financials here are good just like Corus. 

[flavin87]

That makes no sense. Said same thing about Nortel. Stock price is about future value. Financials are being maniplulated through delaying payments to suppliers.

[crow27]

I believe that when SOX buys stock for their employees under the stock purchase plan they just enter the market (aprox once a month) and buy so many thousand shares at market prices. They are not setting firm prices at which to buy, they just say, buy these many shares today. Now that would not change the SP much on a company that has hundreds of million of shares out but SOX only has a small

[dakotaslt]

Thinking that 2nd quarter results will make or break SOX if nothing happens before then.

[wheeloffortune]

You make no sense.  Where's your proof that SOX is delaying payments to suppliers like NORTEL?  SOX is trading at half book value, not many times over like NORTEL.  They've got a bunch of new contracts, not a bunch of cancellations like NORTEL.  Apples to oranges comparison.