08:24:31 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Finning International Inc
Symbol FTT
Shares Issued 170,545,540
Close 2015-10-08 C$ 21.89
Market Cap C$ 3,733,241,871
Recent Sedar Documents

Successful Inv says buy Finning International

2015-10-08 20:24 ET - In the News

The Successful Investor, in its October, 2015, issue, says buy Finning International Inc., recently $22. The Investor said buy 25 times from February, 1996, to April, 2015, at prices ranging from $12 to $35 (the stock split 2 for 1 on May 9, 1997, and again on May 28, 2007). Assuming an investment of $1,000 for each of the 25 buys, the $25,000 position would now be worth $41,470. Finning sells Caterpillar tractors, bulldozers and trucks; its customers are mainly in the mining, forest product and construction industries. The company also repairs and rents heavy equipment. Many of Finning's clients have cut spending on exploration in response to low prices for oil, copper and other commodities. As a result, Finning is cutting 10 per cent of its work force in Canada and South America and closing underused facilities. In the meantime, the company is taking advantage of low commodity prices to make more acquisitions. It recently paid $240-million for Kramer Ltd., which sells Caterpillar equipment in Saskatchewan. Finning expects to earn $1.62 a share in 2015, giving a moderate price-to-earnings ratio of 13.6. The company's 73-cent annual dividend is a 3.3-per-cent yield. Finning is a buy.

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