Sector Outperform

  • 5:51 PM

    In recent investor meetings in Toronto and Montreal,  BCE Inc. (TSE:BCE) President and CEO George Cope. Company emphasized that it has established some permanent structural advantages in wireless business and that it will potentially take time and resources for its competitor(s) to catch up. BCE operating revenue was up 2.0% in Q2 to $5,326 million,

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  • 7:46 AM

    After market closed on Thursday, BRP Inc. (OTCMKTS: BRPIF) reported first quarter results with an adj. EPS of $0.31 far better than our expectations of $0.12 and consensus estimates of $0.15. The variance stems from better than anticipated revenues from Seasonal Product sales. The firm maintained its FY 2016 EPS outlook range of $1.50 to

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  • 5:09 AM

    After market closed on Thursday; Transat AT Inc (TSE:TRZ.B) delivered a stronger second quarter, beat our & street estimates. Company delivered EBITDA of $3.4 million, which beat both ours (- $25.5 million) & the street consensus (-$14 million). Adj. EPS loss of 17¢ also handily beat. Transat A.T. Inc., one of the largest integrated tourism

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  • 10:01 AM

    CAE Inc (NYSE:CAE) reported slight beat compare to street expectations in fourth quarter results, however our estimates and guidance remain almost consistent. There is no change to our $17.50 target price. Our Target Price for CAE is derived from an equally weighted average of our DCF analysis (WACC 9.6%; growth rate of 2%) which yields

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  • 5:54 PM

    During intraday hours on Tuesday; Charter Communications Inc (NASDAQ:CHTR) has declared plans to acquire Time Warner Cable (TWC) for $195 per share, a 14% premium to Friday’s close. Including debt, we forecast the transaction values Time Warner Cable at $78.7 billion, or 9.2 times next twelve months Enterprise value/EBITDA before synergies and 8.4 times after

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  • 6:33 PM

    Empresas Copec SA posted nearly in-line first quarter results on Tuesday during market hours. Q1 2015 EBITDA of $519 million remain higher than our original forecast (before Arauco results last week) of $498 million but lower than consensus estimates of $525 million. This compares with EBITDA of $439 million last quarter and $564 million in

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  • 6:29 PM

    We bring you highlights from our marketing visit in western Canada with (TSE:HLF)’s Keith Decker (President & CEO) and Paul Jewer (EVP & CFO). Company anticipates input costs to decrease during 2015. Our input cost index, which has already declined 3.5% since its peak in March 2015, is expected to further decrease due, in part,

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  • 5:41 PM

    Eldorado Gold Corp(TSE:ELD), after market closed on Tuesday, released the Certej feasibility study. It is envisioned as an open pit operation processing 8,000 tpd (pressure oxidation). Power is located (from the national grid) 14km away, water is available 10km away from the Mures River, and a limestone quarry is 13km away. The Study was led

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  • 5:11 PM

    Pengrowth Energy Corp (NYSE:PGH) released an update on its Lindbergh SAGD project before market opened on Tuesday. Lindbergh production exceeds design capacity. Company announced that production at its Lindbergh commercial SAGD project has outperformed the design capacity of 13,000 BOE per day. The Lindbergh SAGD project is a key component of Pengrowth’s growth strategy with

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