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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (40023)	1/25/2018 7:55:12 PM
From: Goose94	Read Replies (1) of 203567

Roots (ROOT-T) top pick from Don Lato on BNN.ca Market Call Thirst-day Jan 25th @ 1300ET There was immediate carnage after Roots Canada’s initial public offering (IPO) at $12.00 last October. The stock traded down immediately before bottoming in early November, a start not dissimilar to Sleep Country’s initial trading back in July 2015. I was originally skeptical of an investment in Roots, but after assessing a research report from Patricia Baker at Scotia Capital in early December, I was convinced of the merits of this company. Roots has a multi-pronged approach to growth, largely based on a significant turnover of senior management from the original founders, to a seasoned management team parachuted in to the company by the U.S. private equity firm, Searchlight Capital. Roots was founded by Don Green and Michael Budman in 1973 and a majority stake was sold to Searchlight in 2015. Baker’s report calls for earnings of 72 cents per share this year and 90 cents in 2019. With a price/earnings ratio of 15.4 times and earnings growth projected to be 25 per cent next year, the stock trades a very good PEG ratio (PE divide by growth rate) of 0.6.

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