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Compiling comments that experts make about stocks while on public TV.

Transalta Corp Stock Symbol: TA-T

Notes:.

Last Price Recorded: $4.8800 on 2016-02-13

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Date Signal Expert Opinion Price
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
2015-12-15 SELL Brooke Thackray

Wonders why you would want to get into this. If looking at a utility, you are looking for a safe, secure distribution over time. There are a lot of questions around this one because they haven’t executed very well along with the whole carbon capture scenario. About 65% of their power is generated from coal. Not something he would be stepping into.


Price:
$4.360
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-12-08 DON'T BUY Brian Acker, CA

This just continues to hit new lows, seemingly every month. It is a stone throw away from what he terms as “going into the blue”, and he recommends that people not play with companies like this. The 17% dividend is suspect. They are not even close to earning their dividend.


Price:
$4.350
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-12-04 DON'T BUY David Cockfield

There are 2 things that are really a problem for the company. It is using coal to generate a lot of its power, which is a real no-no. Also, the government has changed the rules and put a deadline on the closure of coal fired plants. Thinks the company will stay at this low price for a while. Also, this will be a target for people wanting to do tax loss selling. He is staying away from this.


Price:
$4.900
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
No
2015-11-26 COMMENT Hap (Robert) Sneddon FCSI

Chart shows a long downward trend and has just formed a double bottom. The interesting thing about power in Alberta is who is going to pick up the slack from the phase out of coal. This is not just a coal business, but has really been impacted by that. It will become clearer in the next few months. Watch the base and see if it breaks.


Price:
$5.820
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2015-11-25 COMMENT Jason Mann

The stock, rightly so, has been punished for its high debt, poor cash flow and a negative ROE. He wants stocks with good price momentum, good valuation, and this stock has neither. The fear has been a dividend cut and more dilutive equity financing. There is a sum of the parts story that can get you a higher valuation than the current cash flow metric would presume. Alberta put out their climate change report which basically pushed out the phase-out of coal to 2030, so that gives them lots of time to transition their business to renewables, which they have been doing. About a month ago, they press released that they were in talks to be acquired. This fell through. prefers to play their preferreds giving less dividend risk.


Price:
$5.630
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2015-11-04 COMMENT Lyle Stein

This has a yield that tells us it is going to get cut. Double digit yields are really not sustainable. The renewables is probably worth $5.50-$5.75, so you get the coal asset for free. That is intriguing. Dividend yield of 8%. He is watching this.


Price:
$6.360
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
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