The following five companies are the top five Canadian insider buys of last week in terms of transaction amounts. These companies come from various sectors of the market, but reported insider buys totaling over $100,000.
Dollarama (TSX:DOL)
Director John Thomas added 3,600 shares to his stake at an average price of $68.36 per share. This buy cost the director a total of $246,105. Since his buy, the price per share has increased approximately 4.53%. Thomas currently holds 6,200 shares of company stock.
Chief Merchandising Officer Neil Rossy made 29 different buys on June 17, adding a total of 75,000 shares to his holdings. The shares traded in the price range of $68.10 to $69.50. As of his most recent buy, the price per share is up 2.82%. Rossy holds on to at least 628,344 shares of company stock.
These insider buys came after the company announced that it had received approval from the TSX respecting the renewal of its normal course issuer bid to purchase for cancellation up to 3,364,523 of its common shares, or 5% of the public float of 67,290,467 common shares.
Dollarama owns and operates dollar stores in Canada that sell all of their merchandise for under $3 per item.
The GuruFocus analysis on Dollarama reports:
- The price is nearing a 5-year high of $74.42.
- The P/B ratio is close to a 5-year high of 5.62.
- The revenue has been in decline for the past 3 years.
- The P/S ratio is close to a 5-year high of 2.9.
Dollarama’s historical price, EPS and revenue:
Dollarama has a market cap of $5.17 billion; its shares were traded at around $71.46 with a P/E ratio of 23.81 and a P/S ratio of 2.79.
There are currently no gurus that hold a stake in Dollarama.
Kingsway Financial Services (TSX:KFS)
During the past week Director Joseph Stilwell made six buys, adding a total of 337,168 shares. These shares traded at an average price of $3.52 per share. Since his most recent buy, the price per share has gone up 2.94%.
Earlier this month, President and CEO Larry Swets Jr. made 16 buys, adding a total of 19,000 shares of company stock. These shares traded around $3.37 per share.
Most recently, on June 11, Kingsway reported that it received notice on June 7 from the New York Stock Exchange that it is not in compliance with certain NYSE standards for continued listing of its common shares. Even more specifically, Kingsway is below the NYSE’s continued listing criteria because its average total market cap over a recent 30 consecutive trading-day period was less than $50 million. Under the NYSE’s continued listing criteria, a NYSE listed company must maintain an average market cap of no less than $50 million over a 30 consecutive trading-day period.
Kingsway Financial is a holding company functioning as a merchant bank with a focus on long-term value creation. The company owns or controls stakes in several insurance industry assets and utilizes its subsidiaries, 1347 Advisors and 1347 Capital, to pursue opportunities acting as an adviser, an investor and a financier.
Kingsway Financial’s historical price, revenue and EPS:
Kingsway Financial Services has a market cap of $46.0214 million; its shares were traded at around $3.50 with a P/S ratio of 0.31.
There are currently no gurus that hold a stake in Kingsway.
CanWel Building Materials Group (TSX:CWX)
Director Amardeip Doman made three insider buys this past week, adding 468,000 shares to his stake. He purchased these shares in the price range of $2.41 to $2.50. Since his last buy, the price has increased approximately 3.6%. Doman currently holds over 16 million shares.
Director Marc Seguin bought 6,000 shares at an average price of $2.40 per share. This buy cost the director $14,400. Since his buy, the price per share has increased 7.92%. Seguin currently holds on to at least 12,100 shares.
On June 14, CanWell declared a quarterly cash dividend of $0.07 per share payable on July 12 to shareholders of the record on June 28, 2013.
CanWell is Canada’s largest distributor of building materials and home renovation products serving the new home construction, home renovation and industrial market. Its two operating segments are the CanWel Building Materials Division and Surewood Forest Products.
The analysis on CanWell reports:
· The revenue has been in decline for the past 5 years.
· The company has low interest coverage.
· The gross and operating margins have been in long-term decline with average rates of decline per year at -3.8% and -16.2% respectively.
CanWel’s historical price, revenue and EPS:
CanWel Building Materials Group has a market cap of $148.543 million; its shares were traded at around $2.59 with a P/E ratio of 16.39 and a P/S ratio of 0.21. The dividend yield of CanWel stocks is 10.81%.
There are currently no gurus that hold stake in CanWel Building Materials.
Baytex Energy (TSX:BTE)
Director John Brussa made 12 buys in the last week adding a total of 77,300 shares. He purchased these shares in the price range of $37.48 to $37.97. Since his buy the price is up 1.53%. Brussa currently owns approximately 290,000 shares of Baytex Energy.
VP of Marketing Geoffrey Darcy added 2,500 for approximately $38.25 per share. This transaction cost Darcy $95,625. He currently holds 9,188 shares of Baytex. Since his buy, the price per share has increased approximately 0.78%.
These insider buys came as the price per share of Baytex dropped to a 52-week low.
Baytex Energy is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Williston Basin in the U.S. Approximately 87% of Baytex's production is weighted toward crude oil. Baytex pays a monthly dividend on its common shares.
On June 17 Baytex confirmed its monthly dividend for June at $0.22 per share.
The analysis on Baytex reports:
· The gross margin has been in a long term decline with an average rate of decline per year of -2.7%.
· The company has issued CAD180.657 million of debt in the past 3 years.
· The dividend yield is at a 3-year high.
· The company’s revenue has been in decline for the past year.
· The P/B ratio is at a 3-year low.
Baytex Energy’s price, EPS and revenue:
Baytex Energy has a market cap of $4.73 billion; its shares were traded at around $38.55 with a P/E ratio of 20.96 and a P/S ratio of 4.12. The dividend yield for the company is at 6.85%.
There are currently no gurus that hold stake in Baytex Energy.
BCE Inc. (TSX:BCE)
Two insiders from BCE made significant buys this week.
Executive VP John Watson bought 1,900 shares at an average price of $45.45 per share. This transaction cost him a total of $86,355. Since his buy, the price per share is down -2.93%. Watson currently holds 4,900 shares of BCE.
Director Robert Simmonds bought 11,000 shares on June 14, at an average price of $44.23 per share. This buy cost the director a total of $486,530. Since his buy, the price per share has dropped -0.25%. Simmonds currently holds 104,000 shares of BCE stock.
BCE is Canada’s largest communications company. The company provides broadband communication services to residential and business customers in Canada.
The analysis on the company reports:
- The revenue has been in decline over the past year.
- The price is close to a 10-year high of $47.92.
- The company has issued CAD2.1 billion of debt over the past three years.
- The P/E ratio is close to a 2-year low of 12.36.
BCE’s historical price, revenue and EPS:
The Peter Lynch Valuation Chart shows that BCE currently appears to be undervalued:
BCE has a market cap of $34.48 billion; its shares were traded at around $44.12 with a P/E ratio of 12.85 and a P/S ratio of 1.71. The dividend yield of BCE stocks is 5.21%. BCE had an annual average earnings growth of 2.4% over the past 10 years.
There are currently five gurus that hold a stake in BCE. Click here to see their holding histories.
You can view all Canadian insider buys here. If you do not have the Canadian Premium Membership, we invite you to try a free 7-day trial here.
Dollarama (TSX:DOL)
Director John Thomas added 3,600 shares to his stake at an average price of $68.36 per share. This buy cost the director a total of $246,105. Since his buy, the price per share has increased approximately 4.53%. Thomas currently holds 6,200 shares of company stock.
Chief Merchandising Officer Neil Rossy made 29 different buys on June 17, adding a total of 75,000 shares to his holdings. The shares traded in the price range of $68.10 to $69.50. As of his most recent buy, the price per share is up 2.82%. Rossy holds on to at least 628,344 shares of company stock.
These insider buys came after the company announced that it had received approval from the TSX respecting the renewal of its normal course issuer bid to purchase for cancellation up to 3,364,523 of its common shares, or 5% of the public float of 67,290,467 common shares.
Dollarama owns and operates dollar stores in Canada that sell all of their merchandise for under $3 per item.
The GuruFocus analysis on Dollarama reports:
- The price is nearing a 5-year high of $74.42.
- The P/B ratio is close to a 5-year high of 5.62.
- The revenue has been in decline for the past 3 years.
- The P/S ratio is close to a 5-year high of 2.9.
Dollarama’s historical price, EPS and revenue:
Dollarama has a market cap of $5.17 billion; its shares were traded at around $71.46 with a P/E ratio of 23.81 and a P/S ratio of 2.79.
There are currently no gurus that hold a stake in Dollarama.
Kingsway Financial Services (TSX:KFS)
During the past week Director Joseph Stilwell made six buys, adding a total of 337,168 shares. These shares traded at an average price of $3.52 per share. Since his most recent buy, the price per share has gone up 2.94%.
Earlier this month, President and CEO Larry Swets Jr. made 16 buys, adding a total of 19,000 shares of company stock. These shares traded around $3.37 per share.
Most recently, on June 11, Kingsway reported that it received notice on June 7 from the New York Stock Exchange that it is not in compliance with certain NYSE standards for continued listing of its common shares. Even more specifically, Kingsway is below the NYSE’s continued listing criteria because its average total market cap over a recent 30 consecutive trading-day period was less than $50 million. Under the NYSE’s continued listing criteria, a NYSE listed company must maintain an average market cap of no less than $50 million over a 30 consecutive trading-day period.
Kingsway Financial is a holding company functioning as a merchant bank with a focus on long-term value creation. The company owns or controls stakes in several insurance industry assets and utilizes its subsidiaries, 1347 Advisors and 1347 Capital, to pursue opportunities acting as an adviser, an investor and a financier.
Kingsway Financial’s historical price, revenue and EPS:
Kingsway Financial Services has a market cap of $46.0214 million; its shares were traded at around $3.50 with a P/S ratio of 0.31.
There are currently no gurus that hold a stake in Kingsway.
CanWel Building Materials Group (TSX:CWX)
Director Amardeip Doman made three insider buys this past week, adding 468,000 shares to his stake. He purchased these shares in the price range of $2.41 to $2.50. Since his last buy, the price has increased approximately 3.6%. Doman currently holds over 16 million shares.
Director Marc Seguin bought 6,000 shares at an average price of $2.40 per share. This buy cost the director $14,400. Since his buy, the price per share has increased 7.92%. Seguin currently holds on to at least 12,100 shares.
On June 14, CanWell declared a quarterly cash dividend of $0.07 per share payable on July 12 to shareholders of the record on June 28, 2013.
CanWell is Canada’s largest distributor of building materials and home renovation products serving the new home construction, home renovation and industrial market. Its two operating segments are the CanWel Building Materials Division and Surewood Forest Products.
The analysis on CanWell reports:
· The revenue has been in decline for the past 5 years.
· The company has low interest coverage.
· The gross and operating margins have been in long-term decline with average rates of decline per year at -3.8% and -16.2% respectively.
CanWel’s historical price, revenue and EPS:
CanWel Building Materials Group has a market cap of $148.543 million; its shares were traded at around $2.59 with a P/E ratio of 16.39 and a P/S ratio of 0.21. The dividend yield of CanWel stocks is 10.81%.
There are currently no gurus that hold stake in CanWel Building Materials.
Baytex Energy (TSX:BTE)
Director John Brussa made 12 buys in the last week adding a total of 77,300 shares. He purchased these shares in the price range of $37.48 to $37.97. Since his buy the price is up 1.53%. Brussa currently owns approximately 290,000 shares of Baytex Energy.
VP of Marketing Geoffrey Darcy added 2,500 for approximately $38.25 per share. This transaction cost Darcy $95,625. He currently holds 9,188 shares of Baytex. Since his buy, the price per share has increased approximately 0.78%.
These insider buys came as the price per share of Baytex dropped to a 52-week low.
Baytex Energy is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Williston Basin in the U.S. Approximately 87% of Baytex's production is weighted toward crude oil. Baytex pays a monthly dividend on its common shares.
On June 17 Baytex confirmed its monthly dividend for June at $0.22 per share.
The analysis on Baytex reports:
· The gross margin has been in a long term decline with an average rate of decline per year of -2.7%.
· The company has issued CAD180.657 million of debt in the past 3 years.
· The dividend yield is at a 3-year high.
· The company’s revenue has been in decline for the past year.
· The P/B ratio is at a 3-year low.
Baytex Energy’s price, EPS and revenue:
Baytex Energy has a market cap of $4.73 billion; its shares were traded at around $38.55 with a P/E ratio of 20.96 and a P/S ratio of 4.12. The dividend yield for the company is at 6.85%.
There are currently no gurus that hold stake in Baytex Energy.
BCE Inc. (TSX:BCE)
Two insiders from BCE made significant buys this week.
Executive VP John Watson bought 1,900 shares at an average price of $45.45 per share. This transaction cost him a total of $86,355. Since his buy, the price per share is down -2.93%. Watson currently holds 4,900 shares of BCE.
Director Robert Simmonds bought 11,000 shares on June 14, at an average price of $44.23 per share. This buy cost the director a total of $486,530. Since his buy, the price per share has dropped -0.25%. Simmonds currently holds 104,000 shares of BCE stock.
BCE is Canada’s largest communications company. The company provides broadband communication services to residential and business customers in Canada.
The analysis on the company reports:
- The revenue has been in decline over the past year.
- The price is close to a 10-year high of $47.92.
- The company has issued CAD2.1 billion of debt over the past three years.
- The P/E ratio is close to a 2-year low of 12.36.
BCE’s historical price, revenue and EPS:
The Peter Lynch Valuation Chart shows that BCE currently appears to be undervalued:
BCE has a market cap of $34.48 billion; its shares were traded at around $44.12 with a P/E ratio of 12.85 and a P/S ratio of 1.71. The dividend yield of BCE stocks is 5.21%. BCE had an annual average earnings growth of 2.4% over the past 10 years.
There are currently five gurus that hold a stake in BCE. Click here to see their holding histories.
You can view all Canadian insider buys here. If you do not have the Canadian Premium Membership, we invite you to try a free 7-day trial here.
