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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	12/5/2022 2:57:39 PM
	Read Replies (1) of 202925

Tecsys (TCS-T) top pick from Stephen Takacsy on BNN.ca Market Call Monday December 5th @ 1200ET Tecsys is a Montreal-based company that develops and sells supply chain management software solutions. So, it’s really in a “sweet spot” right now. Its main clients are healthcare networks in the U.S., so hospitals and clinics are a segment it dominates, as well as complex distribution businesses like auto parts and omnichannel retailers. Its solutions are end-to-end from purchase order management and fulfillment, to inventory and warehousing, to accounting and analytics. We recommended Tecsys at $15 back in 2019 and it was one of the 30 best-performing stocks on the TSX over the next three years reaching over $60. However, its share price has pulled back as a result of the sell-off in the tech sector, even though Tecsys is generating record sales and has a record backlog and a robust pipeline. Tecsys is also profitable and pays a dividend. Its peer group is trading at significantly higher multiples, so the pull-back presents a great buying opportunity for a high-quality tech company. We think Tecsys could be a $100 stock within a few years and a likely takeover candidate down the road.

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