RE:SP and ValuationThe targets are pretty dated but as can be seen, more recent comments from analysts is generally favourable. GLTA
ZCL-T 2017-01-23 BUY Steve DiGregorio
A business he likes because it is an environmental play. They sell fibre glass storage units for gas stations. The big play here is that old storage tanks were installed 20-30 years ago, and are made out of steel, and which are leaking into water tables. There is no debt on the balance sheet. Generates over 8% free cash flow yield. It made so much cash last year, that they had to pay a special distribution.
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Price:
$12.660
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
ZCL-T 2017-01-09 BUY Daniel Lloyd
He thinks there will be a special dividend in the first half of this year. They generate excess free cash flow. He likes the business. It is a long term hold for him.
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Price:
$12.850
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
ZCL-T 2016-11-25 COMMENT Ryan Modesto
Manufactures specialized tanks, especially for petroleum products. A bit of an infrastructure play. When they dig up and replace buildings, they need to replace the tanks that hold water and petroleum. They’ve restructured their business and are focusing on core strengths right now. Has a long-term trend of increasing dividends, and a long-term trend of buying back shares. This impacts on the momentum of the share price. Even after the recent move, it is cheap on most metrics. He likes this.
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Price:
$12.170
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
ZCL-T 2016-11-09 BUY Daniel Lloyd
One of his favourites. They stand to benefit from a steady refresh cycle of tanks in gas stations around North America. He believes they will pay a special dividend in Q1.
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Price:
$11.290
Subject:
CANADIAN
Bias:
BEARISH
Owned:
Yes
ZCL-T 2016-10-26 HOLD Bruce Campbell (2)
(Market Call Minute.) It has gone up a lot in the last little while, and he would want to see it check back before he bought it.
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Price:
$11.770
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
ZCL-T 2016-10-19 TOP PICK Gavin Graham
Manufactures reinforced plastic underground tanks, mostly for gasoline and mostly under service stations. A big play on retail. They have about 85% of the market in Canada, and 50% in the US. Has $180 million in sales. Water is also a nice growth area with their ability to store, restore and recycle. Most of the retail gas tanks are steel from the 1980s, with a 30-year warranty, which are now coming to an end. Insurers and financiers are not too keen about the new steel tanks, and they have dropped to about 15% of the market. Dividend yield of 2.86%.
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Price:
$11.260
Subject:
NORTH AMERICAN/GLOBAL - LARGE
Bias:
UNKNOWN
Owned:
Yes