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Canadian Tire Ord Shs T.CTC

Alternate Symbol(s):  CDNAF | CDNTF | T.CTC.A

Canadian Tire Corporation, Limited is a Canada-based retail goods and services provider. It operates through three segments: Retail, Financial Services, and CT REIT. The Retail segment is conducted under a number of banners, including Canadian Tire, Canadian Tire Gas+ (Petroleum), Mark’s, PartSource, Helly Hansen, Party City in Canada, and various SportChek banners. The Financial Services segment issues Canadian Tire's Triangle brand credit cards, including Triangle Mastercard and Triangle World Elite Mastercard. Financial Services also offers Cash Advantage Mastercard and Gas Advantage Mastercard products, markets insurance products, and provides settlement services to the Company’s affiliates. The CT REIT segment is a closed-end real estate investment trust. CT REIT holds a geographically diversified portfolio of properties in Canada, mainly comprising Canadian Tire banner stores, Canadian Tire anchored retail developments, mixed-use commercial property, and industrial properties.


TSX:CTC - Post by User

Canadian Tire Ord Shs
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Post by Possibleidiot01on Apr 25, 2024 3:05pm
186 Views
Post# 36007771

Robert Gill -BNN - contrarian Buy

Robert Gill -BNN - contrarian Buy
TOP PICK

Canadian Tire Corporation Ltd. (A)(CTC.A-T)

25/04/2024
Canadian Tire Corporation Ltd. (A)
 

A contrarian idea, which is how you make outsized returns. Has assembled a nice portfolio of brands over time. Nice job steering customers away from online competition by focusing on bulkier items. Price down due to recession fears. A reversion-to-the-mean play, aiming for 60% return back to all-time high of $215, plus impressive dividend. Yield is 5.2%.

Consumer pullback in spending during a recession is not a risk unique to CTC.A. All retailers face this. Very good profitability, strong balance sheet, trades at 12x earnings.

(Analysts’ price target is $150.33)
specialty stores
 
$135.270
Owned

Canadian Tire (CTC.A TSX)

The company is a retailer of tools, automotive, seasonal items, appliances and clothing. It is a competitor to Home Depot; Home Hardware; dollar stores and Walmart. Shares are down from all-time highs of $215 to $134 now on the back of recessionary concerns and a shift out of higher-yielding equities and into fixed income. If shares simply rebound to $215, that is a 60 per cent return without the dividend. The valuation is attractive and the yield is impressive.



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