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Celestica Inc. (CLS $342.85)
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Alimentation Couche-Tard Inc. (ATD $73.21)
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AtkinsRéalis Group Inc. (ATRL $105.52)
Q: Could you name 2 or 3 Canadian company's that have constant high buy backs on their stock this year?
Any you would consider buying?
Thank you.
Any you would consider buying?
Thank you.
5i Research Answer:
ATRL has been buying shares. ATRL is up 24% this year and 84% over 52-weeks as it recovers from some issues of several years ago. It is not cheap at 29X earnings and the dividend is miniscule, but earnings have improved, the balance sheet is fine and cash flow is solid. The last quarter was solid, it has a giant backlog ($21B) and we think it looks fine today.
CLS has bought a lot of shares and it remains one of our favourites.
ATD is another and we would be comfortable buying.