Guys what is going on with PKI?

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Growth seems to be in line with pre pandemic. We could potentially see a dividend increase. Yet the stock has underperformed greatly over the past 18 months and especially over the past 12 when compared to other more pure plays on oil and gas. Of course this is a long-term hold however it has not moved in it over a year! Given more valuations are at and where the stock was pre-pandemic I’m surprised we haven’t seen 45 or $50. What are your thoughts?

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Asked on January 15, 2022 12:07 pm
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I have held this one for many years and watched it grow. Like you, I am frustrated at the lack of SP growth in 2021, but I think it shares a similar caution as ATB - what is the future for gas stations (and the attached convenience store)?

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Posted by Krispee
Answered on January 15, 2022 11:03 pm
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I’m a long time holder of this one and will be a long time holder moving forward. Even the most conservative growth estimates have this one fairly priced at the $50 a share range.

Keep in mind, this is not at typical oil and gas play. It does have refining exposure but for the most part this is more of a Couche-Tard style gas station retailer.

If it can hit its ebitda targets, which it is giving no reason to believe it can’t, this one is undervalued. The flat share price should make accumulators happy. I topped this one up recently with my New TFSA room.

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Posted by Dan Kent
Answered on January 15, 2022 7:09 pm
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