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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (139587)1/16/2023 2:29:14 PM
From: Goose94Read Replies (1) of 202925
 
Open Text (OTEX-T) top pick from Darron Sisson on BNN.ca Market Call Monday January 16th @ 1200ET

A growth by acquisition software integrator currently yielding three per cent.

The market is overly pessimistic on the Micro Focus acquisition given the lack of detail provided around the integration. However, post the acquisition closing on Jan. 31, further detail will be provided.

Significant insider share buying by prominent members of the board.

Open Text is prone to periodic misses and subsequent selloffs. Buying on major declines has typically been a recipe for outsized performance.

It has grown revenue and net income over the 10-year period at an annual average rate of 14.2 per cent and 15.5 per cent, respectively. Similarly, the total return including the recent Micro Focus acquisition-induced sell-off averaged 13.4 per cent per year for ten years.
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