TSX:RON.PR.B - Post by User
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Sparkletoothon Dec 30, 2007 1:11pm
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Post# 14133712
Recent expert commentary, from stockchase
Recent expert commentary, from stockchaseSTOCKCHASE, What the experts are saying
This site compiles the comments on stocks that experts make while on public TV shows
https://www.stockchase.com/
Rona Inc
Symbol: RON-T
Active: Y
Sector: specialty stores
Last Price: 17.180
Last Price Date: 2007-12-29 15:12:13
Experts that have talked about Rona Inc
Comment 16.910 Brian Acker, CA (Market Call Minute.) Still a lot of value here. Trying to hold at around the $17 mark. His model price is $33.80, a 101% positive differential, but his model price is moving down because of earnings. 2007-12-20
PAST TOP PICK 16.700 Ron Meisels (A Past Top Pick Feb 14/07. Down 32%.) When he saw a major breakdown at around $20, he sold his holdings. Stock has been very oversold and could have a jump to $18 - $18.50 but you would have to be brave. 2007-11-23
SELL 17.300 Norman Levine Housing market continues to look very bad. They have the added problem of Lowes (LOW-N) moving into the Canadian market. 2007-11-09
DON'T BUY 19.600 Peter Brieger Stock is not moving because the housing mess and the fears of a drying up of home improvement activity. In the doghouse and will remain until the outlook for housing improves. 2007-11-06
BUY 20.780 Andrew Guy, CFA Consolidating its hardware business within Canada. Run their stores very well. Inexpensive. 2007-11-02
BUY 20.870 Brooke Thackray Has been bouncing around. In a very competitive field. If it drops below $20 because of increased volume it will be a bad situation. Stock increases around year-end. Would pick it up at this level, sell it in January. 2007-10-26
DON'T BUY 20.870 David Driscoll Great housing boom, getting difficulties because of currency risk. Doesn’t pay a dividend. A lot of completion from Lowes/ Home depot. Not generating free cash flow. 2007-10-25
DON'T BUY 22.000 Chyanne Fickes Stocks in this sector in the US have been really beaten up. Our housing industry has not sustained the same decline, but she feels we are reaching the top of a bubble here. If there is a downturn in the economy, there could be more downside on this stock. 2007-10-01
BUY 21.510 Michael Sprung 2nd quarter was very good. Price of the stock leaves him indifferent. US building problems could spill over into Canada. Shorter term there could be problems, but over the long term it is probably a good stock to own. 2007-08-31
TOP PICK 21.220 John O'Connell, CFA This one is for the long haul. With the slowing that is going on in the economy, it is going to allow them to consolidate the business at very attractive numbers. Trades at around 12X earnings. Earnings increased by about 7% in the last quarter. Growth t 2007-08-27
DON'T BUY 20.810 Jeff Parent It's a definite positive that the Canadian housing market has not failed and our tighter controls. Doesn't feel the upside is very high on the stock. 2007-08-15
DON'T BUY 21.270 Robert Floyd Last quarterly report was affected by
weather as well as tuck-in acquisitions they have made. He felt the numbers were reasonable. It is a decent franchise. Thinks it could be taken down with the overall theme of housing stocks. Not a bad entry point, but the upside is modest. 2007-08-10
BUY on WEAKNESS 21.270 Michael Sprung Feels the renovation market is okay. Has grown through a lot of acquisitions over the years and realized synergies through that. Starting to see some positive results with margin expansion. Would consider at $20. 2007-08-10
TOP PICK 22.470 John O'Connell, CFA Well run. Growth by both acquisition and organic. Largest home renovation and retailer in Canada. Very diverse product platform. Moving towards their own branded products, which will give them higher margins. 2007-07-31