Cervus Equipment

Cervus Equipment

CERV

Last Updated On: October 12, 2018

Share Price On This Date: $13.09

Operates a chain of heavy farm equipment and truck dealerships.

Summary

Cervus operates a chain of farm equipment dealerships spread across western Canada. They also own a similar chain in Australia and New Zealand. Additionally, they operate a trucking division which sells Peterbilt trucks. A binge of farm equipment buying in the early 2010's led to a hangover that lasted several years and dragged down sales and profitability in the sector. Conditions seem to be returning to normal again, though and the company is back in growth mode. With a trailing p:e of 8.7 at the current share price of $13.09, this stock looks to me to offer good value in an otherwise expensive market.

For the full, in-depth review, please see Spotlight on Cervus Equipment.

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