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Parkland Corp T.PKI

Alternate Symbol(s):  PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include renewable fuel sourcing, manufacturing and blending, carbon and renewables trading, solar power, and ultra-fast electric vehicle charging. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, it has developed supply, distribution and trading capabilities. Its commercial business provides commercial, industrial and residential customers with the essential fuels, propane, lubricants and services they need. Its Burnaby Refinery plays a critical role in supplying its customers in British Columbia with conventional and low-carbon fuels.


TSX:PKI - Post by User

Comment by Joe455on May 04, 2022 6:55pm
192 Views
Post# 34656937

RE:RE:RE:RE:RE:More outrageous analyst targets have appeared

RE:RE:RE:RE:RE:More outrageous analyst targets have appeared
Ghost73patrol wrote:
SargeX wrote: Hey BS

Good stuff on ALA. You definitely got a better exit price than we did but we did get in earlier (Aug, 2010) at a lower buy price. As I've said over & over, ALA is the most disappointing stock we've ever owned.

As mentioned, we got into PKI in Oct, 2013, initially at $18.58 and held for 7 years and made a nice $56.9k profit. I initially bought it for the divys when I was still refining our investment strategy. Eventually, I decided to limit our stock to TSX listed dividend income/growth stocks in the aforementioend 5 sectors.

I've also decided that total return doesn't really matter. It's all about income to comfortably cover our expenses and never have to touch our capital. This means no straying away from our strategy, so thanks on the suggestions but they're outside our investing world.

Good work on your mining atocks. Definitely well done.

Take her easy
   Sarge

BSdetector2016 wrote: Hi Sarge,

I'm doing great and you? I flushed my final tranche of AltaLicker at slightly above break-even not that long ago. It won't be long before pressure from the BoD and Cornhill force them into another dumb acquisition. "Growing" the company seems to be higher on the priority list than keeping shareholders happy. Anyway, I won't ever be back into that one.

Parkland was purchased as part of my dividend strategy. I still haven't figured out whether M&M was a good bolt-on or just another typical dumb acquisition. My current strategy with this one is to play its strong seasonality, collect a few more dividends, then exit. Barring more Covid and regardless of gas prices, people will be taking more vacations this year, so revenues from fuel sales should be very strong over the summer months. Like ALA they don't seem to know what they want to be when they grow-up, which is a good indication to me to plan an exit. 

In addition to your sector favourites I would consider/add healthcare (not Canadian pot stocks) to the list. US healthcare is lucrative if you are a shareholder (not a patient) and there are different ways to play the sector. I will be adding more sleep at night stuff to my portfolio as I continue to shave profits off outsized mining stock positions. 

Cheers,
BSD


SargeX wrote: Hey BS

How she go? Are you all out of ALA yet?

$50 is quite the target alright. I know it has gotten close to that in the past but I sure think management seem a tad confused on what they want to do.

We held a full position in PKI from Oct 2013 but sold most of it in late 2019. At the time, it had been very good to us but it no longer fit our investment strtegy (ie: wasn't in our 5 sectors - banks, utils, midstream, telcos, REITs). It was very fortunate timing but really was sure luck.

It sure is nowhere near as appealing as it used to be.

Take her easy
  Sarge


BSdetector2016 wrote: The latest one is from TD for $50. The stock has been imploding since January 2021. What gives? 

 

 

 




Sarge really knows his stuff.
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