21:26:57 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Transcontinental Inc
Symbol TCL
Shares Issued 73,046,044
Close 2020-04-03 C$ 11.79
Market Cap C$ 861,212,859
Recent Sedar Documents

Successful Inv says buy Transcontinental

2020-04-03 20:58 ET - In the News

The Successful Investor, in the April, 2020, issue, says buy Transcontinental Inc., recently $15. The Investor said buy 27 times from January, 2004, to August, 2019, at prices ranging from $8.17 to $30. Assuming a $1,000 investment for each of the 27 buys, the $27,000 position is now worth $24,330. Transcontinental is Canada's leading commercial printer. It also has a plastic packaging division. In the quarter ended Jan. 26, 2020, Transcontinental earned 49 cents a share, down from 52 cents a share in the same period a year earlier. Sales fell to $705.8-million from $751.6-million. These decreases partly reflect the sale of some of Transcontinental's smaller operations. Even so, Transcontinental is confident in its business outlook, so much so that it is raising its quarterly dividend to 22.5 cents from 22 cents. The new yield is 6 per cent. The Investor says shareholders should benefit from Transcontinental's tightening focus on its core operations, and should not overly worry about its high long-term debt of $1.24-billion (95 per cent of market cap). The company has in place a cost-cutting plan to reduce debt, and also holds $424.6-million in cash. Buy.

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