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Bullboard - Stock Discussion Forum Onex Corp T.ONEX

Alternate Symbol(s):  ONEXF

Onex Corporation, together with its subsidiaries, manages and invests capital in its private equity funds, private credit strategies and liquid strategies on behalf of shareholders, institutional investors, and high net worth clients. The Company operates in two segments: Investing and Asset management. Investing segment and Asset management. Investing segment engaged in the activity of... see more

TSX:ONEX - Post Discussion

Onex Corp > Mike Vinokur - BNN - TOP PICK
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Post by Possibleidiot01 on Nov 28, 2023 1:59pm

Mike Vinokur - BNN - TOP PICK

ONEX (ONEX TSX)

We have followed ONEX for a very long time. Under the leadership of Gerald Schwartz, ONEX became a private equity powerhouse in Canada. It owns many businesses, however one that viewers may recognize is WestJet. While Mr. Schwartz is no longer at the helm, he built a deep bench of talent. We have faith in the current management’s ability to execute and accrete value to shareholders. The current CEO, Mr. LeBlanc, has been with the organization for almost a quarter century and should continue to lead in the same manner as Mr. Schwartz had. Since the peak in January 2022, the stock price had a significant tumble, while the value of the business has increased. Management has taken notice and has increased its share buybacks at what we believe are huge discounts to intrinsic value. We purchased a position at $79.90 in late summer.



Comment by Possibleidiot01 on Nov 28, 2023 3:18pm
TOP PICK Onex Corp(ONEX-T) 28/11/2023   Shares plunged in 2022 and part of this year, but have nearly recovered. Gerry Schwartz is no longer CEO. They've bought and sold many businesses. Onex's intrinsic value is $130-140, but shares trade at $90, so there's a big disconnect by the market. Onex keeps buying back shares and are ramping up ...more