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| HOLD | 22.400 | Gavin Graham | There are lots of take over rumours and the share price has moved up. Quite a good operating business. They had some accounting difficulties in depreciating their containers properly. Also now have an Asian exposure. | 2005-08-08 | |
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| WEAK BUY | 21.340 | Martin Hubbes, CFA | There's a large merger of shipping companies in Europe. This stock has moved up strongly on takeover news. Speculative. The risk to this sector is that a whole lot of new tonnage is being brought on. Shipping rates went up when there wasn't a lot of tonnage available, but this is starting to correct. | 2005-08-02 | |
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| PAST TOP PICK | 20.120 | Michael Smedley | (A Top Pick May 25/05. Down 12.5%.) There has been a little bit of a lull in the shiping area. Not main China/Asia type traffic, but is Atlantic. They are making expansions on their Australian routes. Safe at this level. Gives a $2 dividend. Could be a takeover target. | 2005-07-20 | |
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| DON'T BUY | 19.250 | Paul Harris, CFA | Intuitively, it should be a good story because of the bottlenecks in getting goods moved. The trouble is they haven't executed well in the past. | 2005-06-30 | |
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| WEAK BUY | 18.700 | David Baskin | A lot of ships are being built and rates will drop with competition. | 2005-06-23 | |
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| WEAK BUY | 19.950 | Bob Stodgell | Beacme pretty interesting when it was in the mid-teens. The knock against them is that they have smaller container ships and they are mostly Atlantic where the most lucrative routes are in the Pacific. Not as compelling at these levels. It's OK but wouldn't want it as a core holding. | 2005-06-15 | |
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| BUY | 19.760 | Brian Acker, CA | Looking at the mean estimates, he has a model price of $28. It should hit its bottom around $20. | 2005-06-09 | |
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| TOP PICK | 22.550 | Michael Smedley | Had some extraordinary misfortunes last year, a software glitch and it's trans-Atlantic business, it's great strength, and everybody was gung ho over China/Pacific traffic. One of the world's largest shippers and just recently there has been consolidation at the big end of the market and this is a possible candidate for someone. Management changes are being made. | 2005-05-25 | |
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| WEAK BUY | 22.160 | David Baskin | Has had a bit of a bounce back from the disaster it had with their accounting problems, missed profits, etc. Not the most exciting company in the world. Capacity in shipping is growing, but most of their ships may be in the wrong ocean! | 2005-05-24 | |
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| SELL | 20.530 | David Cockfield | Ran up on rumours of a takeover. Still not convinced they have sorted out all their tax problems. Would consider selling at this price. | 2005-05-12 | |
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| DON'T BUY | 18.240 | Gordon Higgins, CA, MBA, CFA | Had a nice little run based on rumours that someone was going to buy them out. The break up value of the ships alone is around $15. Getting fully priced now. | 2005-05-03 | |
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| PAST TOP PICK | 17.010 | Bill Carrigan | (A Top PIck Jan 26/05. Up 4%.) Economy sensitive. Thinks it's OK. Looking for some rotation in the market and for something, other than the consumer, to be the driver. Hopefully capital/corporate spending will keep the bull going. | 2005-04-27 | |
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| DON'T BUY | 17.060 | Ross Healy | Doesn't see much in the way of upside potential. There's still a bit of a cloud. Not so cheap that it's compelling. | 2005-04-07 | |
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| BUY | 17.620 | Brian Acker, CA | Using a December/04 balance sheet, has a model price of $24.77 which is a 42% discount. | 2005-03-22 | |
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| DON'T BUY | 16.950 | David Baskin | Accounting problems. In the penalty box. Dont buy. | 2005-02-28 | |
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| TOP PICK | 16.820 | Bill Carrigan | Dropped very quickly mid-2004. Building a base. | 2005-01-26 | |
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| SELL | 16.630 | Rob Callander | A little disallusioned with the outlook. Reports indicate that the ships are not large enough and no new ones on order. A lot of their ships trade between North America and Europe and not as heavily involved in the Asia trade where the growth is. Have also had some accounting problems. | 2005-01-25 | |
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| DON'T BUY | 16.000 | Andrew McCreath | Just got a $140 million, 10 year contract. This is small for a company this size. A little too early to look at this stock. Still some clouds in the non-operating environment, but some problems operationally as well. Too exposed to Europe as opposed to Asia. | 2005-01-17 | |
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| BUY | 17.200 | Brian Acker, CA | Model price is $26. A businessman's risk sort of stock. Buy half a position now, wait for the financials and wait for the financials before filling the other half. | 2004-12-24 | |
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| BUY | 17.040 | Robert Floyd | Seems to be now back on track. Business is relatively strong. The weak part of the business is the Atlantic run and they are trying to replace some of the bigger ships with some smaller ones at a better cost. Can see higher highs from here. | 2004-12-17 | |
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| DON'T BUY | 17.390 | Larry Berman CFA, CMT, CTA | Has been a tough stock. Not a lot of history. Had some major technical structural damage. Starting to turn the corner a little bit. | 2004-12-15 | |
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| BUY on WEAKNESS | 17.000 | David Burrows | Likes the transport stocks, but they had an accounting hiccup which zapped a lot of confidence in the company. Could be a candidate for tax loss selling, so might be an interesting buy. | 2004-12-10 | |
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| BUY | 14.620 | Michael Smedley | Has fallen by the wayside. Was focused on the Atlantic where most shipping was in the Pacific. Also had an accounting software problem. An insider trading accusation is their latest problem. Could be a worthy buy for someone who is patient. A very good company. | 2004-12-07 | |
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| DON'T BUY | 15.000 | Gordon Higgins, CA, MBA, CFA | Had some accounting problems which still have to be resolved. CEO just left which raises some question marks. | 2004-12-02 | |
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| BUY | 15.700 | Rob Callander | Has had a really tough time. Record shipment of commodities and it should have done better. Higher fuel and changes in the way shipping channels are working have been problems. Working on these issues. Should recover. | 2004-11-30 | |
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| WAIT | 15.480 | Laura Wallace | Earnings have been disappointing. Cheap on earnings. Trading around book value. Would wait to see if the 4th quarter will be OK. | 2004-11-18 | |
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| WAIT | 15.340 | Ian Nakamoto | In the penalty box, but thinks they will come back to skate again. Excellent management. Difficult to know what's going to happen in the short term. | 2004-11-02 | |
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| BUY | 15.320 | Michael Smedley | To buy would be a recovery approach. A very important company in the shipping world. | 2004-10-29 | |
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| WAIT | 15.350 | Peter Brieger | Under an accounting cloud. Re-examining their procedures and practices. Once they get sorted out, he could be a buyer. Likes the space. | 2004-10-28 | |
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| WEAK BUY | 15.750 | Brian Acker, CA | Should be booming right now. Concerns on their accounting. What are the new statements going to look like? | 2004-10-26 | |
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| WATCH | 15.110 | Michael Sprung | Taking a close look at it. Stock price is pretty close to book value. Trans Pacific shipping is doing well, but CP is trans Atlantic. If they make anywhere close to their numbers, it would be a good time to jump in. | 2004-10-21 | |
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| DON'T BUY | 14.820 | Laura Wallace | Has had a difficult year. An accounting controversy took a good chunk off the stock. Last quarter earnings were very weak. A very volatile part of the economy. | 2004-10-20 | |
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| HOLD | 14.750 | Robert Floyd | Had an accounting issue last quarter in terms of a writedown evaluation. They are looking for a stronger 2nd half. | 2004-10-19 | |
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| DON'T BUY | 15.350 | Gordon Higgins, CA, MBA, CFA | Accounting was suspect due to new software reporting problems. A lot of new container ships are coming on the market, so competition will be stronger. | 2004-09-30 | |
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| DON'T BUY | 15.550 | Norman Levine | There is a glut of tanker capacity both now and for the future. | 2004-09-28 | |
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| BUY | 16.000 | Bill Carrigan | A torpedo stock in that it was in a downtrend and then took a sudden drop. Feels it is at the bottom and technically it is a buy. | 2004-09-14 | |
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| BUY | 15.850 | Brian Acker, CA | Model price is $25 and is ranking in the top 10%. Worth a nibble. | 2004-09-10 | |
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| VAGUE | 15.590 | Peter Brieger | The company had some accounting problems. Stock is cheap. | 2004-09-02 | |
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| VAGUE | 15.430 | Blair Wilson | Recommend with target of 17.50 dollars. Neutral on this name | 2004-08-31 | |
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| DON'T BUY | 15.250 | Martin Hubbes, CFA | Too early to tell. Wait for another quarter. Trans-Atlantic routes is a tough area. | 2004-08-23 | |
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| VAGUE | 15.210 | David Baskin | Not only did they have to restate earnings, but their current quarter was very lousy. High fuel prices affected them. | 2004-08-17 | |
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| BUY | 15.210 | Michael Sprung | Could be a little bit oversold at this point. New accounting system has shown up problems in their old system, requiring them to restate their earnings quite materially. Shipping business is not a bad place to be right now. | 2004-08-17 | |
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| DON'T BUY | 17.070 | Laura Wallace | Down 17/20% today because of a restatement of earnings back to 2002. Management should have had a better handle on this. Good drop further. | 2004-08-09 | |
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| HOLD | 22.530 | Peter Brieger | Well-managed company. | 2004-08-04 | |
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| DON'T BUY | 22.650 | Gordon Higgins, CA, MBA, CFA | Most of their trade is transatlantic, not Asia. Supply of container ships is increasing in the next couple of years. | 2004-07-23 | |
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| DON'T BUY | 22.620 | Norman Levine | There is a lot of capacity coming on in the container business in the next couple of years. Not a good time to be in the stock. | 2004-07-19 | |
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| HOLD | 22.650 | Ray Steele | Preform well. Under pressure because of high gas prices. Shipping volumes are up. Hold | 2004-07-12 | |
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| VAGUE | 23.460 | Peter Brieger | Looking very seriously at buying this stock based on assumptions of worldwide growth. Definitely on the watchlist. | 2004-07-05 | |
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| BUY | 23.640 | Michael Sprung | Shipping should do relatively well over the next few years. As an Atlantic shipper, does not have the momentum that Pacific shippers would have. Expects shipping rates to go up. | 2004-06-21 | |
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| BUY | 24.200 | Jackee Pratt | Looking for a target of 12 X earnings. Just reported a good quarter which was the best since they became public. Volumes and freight rates are increasing. Economically dependent on North America. | 2004-06-15 | |
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| DON'T BUY | 23.320 | Laura Wallace | A good company but in a difficult industry. If you want to play an economic recovery and you want to play China, there are better ways to do it. | 2004-05-19 | |
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| HOLD | 23.480 | Glenn Paradis, BA, CFA | Starting to see better shipping rates. We'll be a beneficiary from global trades. Pretty close to being fully valued. Would start selling at $25/27.50. | 2004-04-22 | |
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| DON'T BUY | 23.170 | David Taylor, MBA, CFA | Only 10% of its revenues come from the Asian routes which is where the money is. Prefers Neptune Orient out of Singapore. | 2004-04-06 | |
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| WEAK BUY | 22.340 | Gavin Graham | Like it, and own it. Not a bad buy. | 2004-03-30 | |
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| BUY | 21.850 | Rob Callander | With the economy recovering and world trade increasing, this is probably one of the best plays on shipping available. Well-run. Good price. | 2004-03-29 | |
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| WAIT | 22.420 | Laura Wallace | Looking at the base fundamentals and the PE, the stock looks quite cheap. Trading at 9 X forecast earnings. Hard for them to increase capacity. | 2004-03-18 | |
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| DON'T BUY | 22.920 | Peter Brieger | Major growth is in the Pacific and CP Ships is not represented there. They are at capacity in the transatlantic routes and may have to make an acquisition to expand shipping. Long-term it's good. In the doldrums. | 2004-03-16 | |
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| DON'T BUY | 24.100 | Ted Macklin | Operationally, they are having trouble with freight rates because of the weakness of the US dollar exports from the US have been weaker. Feels the stock will stall here for a little bit. | 2004-02-26 | |
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| BUY | 24.060 | Laura Wallace | A good company and the shipping industry is looking very strong. Will be a cyclical play based on economic recovery. | 2004-02-25 | |
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| HOLD | 24.440 | Ross Healy | Fair market value is quite a bit higher than the current price. Even though global shipping rates have been moving strongly, their earnings have not reflected this. Would like to see more bullishness by the analysts. | 2004-02-23 | |
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| TOP SHORT | 23.630 | Rob Callander | Shipping activity has been picking up. Stock had a good run up, and it pulled back quite sharply. | 2004-02-03 | |
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| PAST TOP PICK | 25.200 | Ted Macklin | (A top pick Oct 30/03. Up 4.5 %.) A well-run company. Positioned very well. Expects further consolidation. | 2004-01-19 | |
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| BUY | 24.400 | Gavin Graham | Investors are cutting is because of strong Canadian dollar and higher fuel costs, but freight rates have been going up. A great play on a world's stronger economic growth. | 2004-01-14 | |
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| DON'T BUY | 24.580 | Pierre Bernard | Pretty expensive. They have done well. Ships are scarce and will take 2/3 years for the supply to be built up again. | 2004-01-13 | |
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| BUY | 26.700 | Laura Wallace | Very good company. Looking at the stock now. A cyclical play to the North American economy. Reasonably valued. | 2004-01-07 | |
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| BUY | 26.550 | John Sinkins, CFA | Somewhat cyclical. Not much downside risk. Expect transportation and cyclicals to have a good year. | 2003-12-29 | |
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| BUY | 25.230 | Laura Wallace | Looking at that $400 million acquisition. Looks like it could be a good one. Stock is cheap, trading at 10X earnings. Well-positioned. | 2003-12-01 | |
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| TOP PICK | 27.990 | Ted Macklin | Well-managed. A good play on the economy. Expects rising freight rates. A capital-intensive business, so expects there will be some consolidation. | 2003-11-06 | |
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| BUY on WEAKNESS | 26.500 | Mark Jackson, CFA | Likes the business and management is strong. Has a strong balance sheet. Relatively new fleet so replacement costs should be low. Would be interested in the low $20's. | 2003-11-04 | |
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| TOP PICK | 24.990 | Ted Macklin | Earnings numbers were disappointing, more because of energy costs and foreign exchange, than anything. Rates are increasing. Strong management team and strong balance sheet. Good price. | 2003-10-30 | |
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| BUY | 28.040 | Ben Stadelmann | Likes their earnings. Reasonable P/E ratio. Has a margin of safety to it. | 2003-10-23 | |
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| BUY | 29.750 | Ted Macklin | Very good company. Tremendous management. A good long-term hold. Could be a takeout candidate down the road. | 2003-09-23 | |
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| DON'T BUY | 29.750 | Laura Wallace | Shipping is an extremely cyclical sector. Will be volatile. Well-run company. | 2003-09-19 | |
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| DON'T BUY | 29.250 | Richard Stone | Great company. Has capital to make acquisitions. Would prefer a lower price. | 2003-09-10 | |
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| TOP PICK | 28.850 | Nereo Piticco | In an economic recovery, he likes the transportation sector. A global play. Sees some powerful earnings upgrades coming. Not expensive. | 2003-09-09 | |
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| DON'T BUY | 28.590 | David Baskin | Probably trading above fair market value. A stable business. | 2003-09-04 | |
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| BUY | 19.210 | Michael Smedley | Well run. Some softness indicated which could hurt. Has financial strength. | 2003-02-03 | |
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| DON'T BUY | 19.210 | Laura Wallace | Well run. Trading near book value. Competition is growing. Have to have global growth. | 2003-02-03 | |
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| BUY | 22.650 | David Baskin | Well managed. | 2003-01-14 | |
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| DON'T BUY | 22.460 | Gordon Higgins, CA, MBA, CFA | Probably fully valued now. Had a good run. | 2003-01-10 | |
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| PAST TOP PICK | 21.390 | Ted Macklin | (Was a top pick on Sept 4. Up 16%.) Still likes. Strong management. | 2002-12-23 | |
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| DON'T BUY | 21.030 | Ray Steele | May be a little high now, but long term its a good investment. | 2002-12-20 | |
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| HOLD | 19.240 | Ray Steele | Good traffic. May be a little high now. | 2002-12-04 | |
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| BUY | 18.750 | Pierre Bernard | Should benefit from any economic upturn. Will be a slow growth. | 2002-10-29 | |
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| TOP PICK | 17.950 | Kim Shannon | Overlooked, undervalued shipping company. Cheap. | 2002-09-30 | |
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| BUY | 17.700 | Michael Sprung | Expects growth and good earnings in the next two years. | 2002-09-10 | |
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| TOP PICK | 18.000 | Ted Macklin | Based on economic recovery. Strong company. | 2002-09-04 | |
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| DON'T BUY | 16.350 | Bruce Campbell | Hugely dependant on economic growth. Wait for another quarter or two. | 2002-08-15 | |
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| BUY | 14.450 | Brian Acker, CA | Good price. | 2002-07-25 | |
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| TOP PICK | 15.950 | Peter Brieger | 10 X next years earnings. World economy should pick up, especially in the asian sector. | 2002-07-10 | |
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| WEAK BUY | 16.200 | Larry Berman CFA, CMT, CTA | Too limited a history for technical analysis. Has had good performance. Dividend is small. | 2002-07-08 | |
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| BUY | 16.160 | Ian Nakamoto | Long term is good. Very cheap. | 2002-07-04 | |
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| DON'T BUY | 15.910 | David Baskin | Too much uncertainty with security on container shipments. | 2002-07-03 | |
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| WEAK BUY | 17.850 | John Embry | Indistry is slow right now. A lot of new containers coming into the market in the next few years creating an oversupply. | 2002-06-05 | |
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| BUY | 17.310 | Bill MacLachlan | One of the most profitable shipping companies in the world. | 2002-05-30 | |
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| HOLD | 17.310 | Richard Stone | Well run and solid management. Expanding. Buy on weakness. | 2002-05-30 | |
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| BUY | 17.990 | Brian Acker, CA | Good price. Trading below book. | 2002-05-28 | |
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| BUY on WEAKNESS | 17.990 | Bruce Campbell | Likes for the long term, but thinks its a little ahead of itself. Would buy at $16. | 2002-05-28 | |
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| DON'T BUY | 16.850 | David Baskin | Has done well. Costs of security check re: terrorists could go up. | 2002-05-21 | |
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| DON'T BUY | 17.390 | David Burrows | This sector seems to be losing momentum. | 2002-05-17 | |
Experts that have talked about Canadian Pacific Ships
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