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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (140543)2/28/2023 6:40:59 PM
From: Goose94Read Replies (1) of 202121
 
Pason Systems (PSI-T) top pick from Gavin Graham on BNN.ca Market Call Tuesday February 28th @ 1200ET

Pason Systems is a leading global provider of data management systems for drilling rigs and latterly solar farms. With no debt and over $200 million in cash on its balance sheet it was able to survive the COVID-19-inspired collapse of activity in 2020-21 and has been reporting earnings that have tripled to $71.2 million on revenues up two-thirds to $240.6 million on the first nine months of 2022. It is reasonably valued at 14 times earnings and the dividend was recently raised 50 per cent to $0.12 per quarter, giving a yield of 3.5 per cent.

Last purchase: December 2022 $15.96
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