Viewing Company Transalta Corp | StockChase
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Compiling comments that experts make about stocks while on public TV.

Transalta Corp Stock Symbol: TA-T

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Last Price Recorded: $6.5500 on 2016-06-24

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Date Signal Expert Opinion Price
2016-06-09 DON'T BUY Michael Smedley

It is a good area to be in.  It is not exciting.  He would not go here.  6.8% yield.


Price:
$6.980
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2016-06-03 COMMENT Jason Mann

(Market Call Minute.) One of his favourites. Thinks the worst is behind it. Good price momentum and reasonable valuation. He still thinks the kicker is someone who has been buying a lot of stock.


Price:
$6.620
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-05-25 SELL Michael Decter

(Market Call Minute.) This company has had trouble for a long time. The fact that they own a lot of coal assets, and a government committed to the latest environmental standards, that is not a good combo.


Price:
$6.420
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 COMMENT Paul Tepsich

2019 bonds for a small portion of a portfolio? This company has kind of fallen on hard times. They are holding about 7X leverage, which is high. Thinks the bonds trade at around 7% which is not overly cheap. If you do this, it will require more diligence.


Price:
$6.230
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Unknown
2016-04-06 TOP PICK Jason Mann

There has been concern that this may be a value trap. It is cheap enough. Price momentum has turned in the coal power generation business, but are transitioning to a renewable model. Thinks the recent dividend cut gives them the flexibility to do that. What is interesting is that you have optionality. Brookfield recently filed that they own just under 5%. They have asked the SEC to hold off on reporting for 6 months. You only do that if you are planning on buying more, or if you are in talks with the company. Dividend yield of 2.69%.


Price:
$5.870
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-02-22 HOLD Peter Brieger

Has never owned this. It has gone up very sharply recently, and apparently has to do with some of its renewable energy assets, which seems to be in the sights of Brookfield and another player. There is a suggestion that the renewable part will be taken out at great profit to the shareholders. If you own, you should probably Hold.


Price:
$5.930
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-02-03 DON'T BUY Norman Levine

In the doghouse because it deserves to be in the doghouse. This is a utility. Basically investors buy utility stocks because they are safe and dividends are safe. The dividends usually grow. This one has not been safe. The dividend has not only not been growing, it has been slashed. The company is not that well run.


Price:
$5.170
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-02-01 TOP PICK Hank Cunningham

6.4% bond maturing Nov 18/19 at $96. The yield to maturity is 7.63%, which is still an investment grade bond. It was rated as a BBB minus, but Moody’s downgraded it to one notch below investment grade late last year, and their bonds have fallen by about 15 points. They have 2 bonds maturing between now and 2019. Their forecasts are for about $1 billion in EBITDA in the next 2 years.


Price:
$4.910
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2016-01-25 HOLD John Stephenson

Wouldn’t be a buyer here as there is too much uncertainty. There is slowing demand from a weak economy in Alberta, and then you have uncertainty regarding climate policy and how that will impact the company. An alternative might be Transalta Renewables (RNW-T).


Price:
$4.140
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2016-01-22 DON'T BUY Michael Simpson, CFA

A big concern is their coal fired assets. They also have some Hydro and some wind, but coal is a significant amount of their assets, both in Canada and in Washington state. There isn’t clear detail on how the Alberta government will help the coal producers transition. Even though the stock has fallen a lot, he still has concerns about power prices in Alberta.


Price:
$4.400
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Unknown
2016-01-18 HOLD John Wilson

Has had a ton of downside pressure.  It trades at a significant discount to its net asset value.  The yield support is there.  It is a well run set of assets and he thinks you can keep it.


Price:
$3.800
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-01-05 DON'T BUY Paul Gardner, CFA

Has been a problem child for a long time.  They executed very poorly on their assets.  They are over levered.  Moody downgraded their debt.  It all stems from the government’s climate change policy.  The coal assets are about 40% and they had to take a write down.  The dividend is susceptible to cutting because they have to get their debt down.  You are in a headwind because coal assets will be forced to go offline.


Price:
$4.710
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2015-12-30 COMMENT Lyle Stein

This and its sister company Canadian Utilities (CU-T), have been hit for a variety of reasons, Alberta being the biggest. Everybody hates this one. A massive yield of 15%. He uses 5% as a sign as to when the flags go up. 6% means being very, very careful. Anything over 6% needs investigation. One of the issues they have are balance sheet questions. How can they continue to expand, how can they meet demands for working capital? The dividend is an easy thing to sacrifice in the near term. They have pushed much of their assets into Transalta Renewables (RNW-T). Analysts are saying that the value of Transalta Renewables is now equal to the price of Transalta, plus you get all the coal assets, plus you get some Hydro assets. If you can get around the dividend getting cut, the asset play looks quite interesting.


Price:
$4.860
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2015-12-30 SELL Norman Levine

Dividend is not sustainable. You buy utilities for the safety of the stock and the safety of the dividend. This company has none of that. Any stock that yields 15%, the market is telling you that the dividend is not stable. A very troubled company.


Price:
$4.860
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-12-18 SELL ON STRENGTH Keith Richards

Stock has a pretty defined downtrend. As a technical person he would say you don’t own a stock that looks like this. Expects there will be a rally into the first week or two of January, and would use that as a sell opportunity.


Price:
$4.850
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
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