The wise investor | Montreal asset manager acquires Colabor

Every Sunday, we shine the spotlight on elements of financial and stock market news that may be useful to investors, but which might have gone under the radar

Montreal asset manager Claret recently increased its investment in the Colabor Group, a food distributor in Saint-Bruno-de-Montarville.

Claret has just informed stock exchange authorities that it purchased approximately $2 million worth of shares on March 19. The firm acquired a block of 1.7 million shares that day.

This transaction increased the stake to more than 10%. Claret specifies that it began April with an 11.2% stake in Colabor.

Despite presenting a mixed start to the year performance on Thursday, the Montreal transport company TFI gained new support. Analyst Cameron Doerksen of National Bank Financial now recommends buying the stock. He believes the bottom has been reached. He expects profit growth this year and next, driven by improved margins in U.S. less-than-truckload shipping and the integration of recently acquired Daseke. He also sees strong upside potential for the stock if TFI splits into two separate companies in late 2025 or early 2026.

ECB won the support of CIBC earlier this week. Analyst Stephanie Price now recommends buying the stock of the Montreal telecommunications company. “BCE has been trading at the lowest valuation multiple for five years amid intensifying competition, interest rate volatility and concerns about cash flow growth,” she points out. . Saying she is aware of these concerns, she judges that they are integrated into the price of the stock and says she does not expect a change in the dividend growth model this year. However, she would not be surprised to see an adjustment eventually, perhaps as early as next year.

She believes BCE could also consider selling certain assets or reducing its stake in entities in order to deleverage. She is thinking in particular of satellite TV activities and anticipates that BCE will sell a portion of its stake in MLSE (Maple Leaf Sports & Entertainment).

A founder of Couche-Tard has just sold a little more than $1.1 million worth of shares in the Laval convenience store chain. Réal Plourde sold a block of 15,000 shares on April 18 at a unit price of $75.54. The transaction was made in a foundation account that bears his name and that of his wife.

An American analyst now suggests divesting from the stock of MolsonCoors. Filippo Falorni, at Citi, fears that comparisons with last year will be difficult. The year 2023 was a record year having greatly benefited the Coors Light and Miller Lite brands in the United States following the controversy which led to the boycott of Bud Light a year ago, he underlines in a note published mid-week.

“Due to a reallocation of analyst resources,” National Bank Financial announced at the close of markets Friday that it was dropping its coverage of banking activities. Taiga after a 30% jump in the shares of the Montreal manufacturer of 100% electric recreational vehicles during the session. Taiga’s stock more than doubled in value during the week.

Lion currently has liquidity allowing it to cover five to seven quarters of activity according to the analysis published earlier this week by Kevin Chiang of CIBC. The recent layoffs announced by the Saint-Jérôme electric truck and bus manufacturer led this expert to look at the company’s financial situation.

The changes announced by Gildan at its board of directors earlier this week address investors’ biggest concerns and reduce the likelihood that dissident shareholder Browning West’s slate of candidates will be approved, according to CIBC’s Mark Petrie. The fact that Gildan mentions that it will not make further announcements on the sale process before the shareholders’ meeting scheduled for May 28 possibly reflects, according to him, a lack of dynamism in the sale process of the Montreal clothing manufacturer .

The leaders of Bomber will provide an update on the company’s priorities and strategic outlook on Wednesday during an investor day in Toronto.

The chief financial officer of Haivision has just sold $116,000 worth of shares in the Montreal-based streaming solutions provider. Daniel Rabinowitz sold 25,000 shares between April 18 and 22.

Quebec titles of Dollarama and ADF Group hit a 52-week high this week on the Toronto Stock Exchange.

On the other hand, those of Hardware store Richelieu, Waterfalls, Lion And D-Box slipped this week to a 52-week low.

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