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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (147815)	3/27/2023 3:01:50 PM
From: Goose94	Read Replies (1) of 202930

Logistec (LGT.B-T) top pick from Stephen Takacsy on BNN.ca Market Call Monday March 27th @ 1200ET Logistec provides marine cargo handling services in 60 ports across North America including the largest container terminal in Montreal (load/unload cargo from ships). Business is booming in North American ports and they just announced its largest and most strategic acquisition yet giving them a strong presence in the Great Lakes. Logistec also has a fast-growing environmental business that provides soil and water remediation services and repairs water pipes and entered 2023 with a record backlog. The company just announced record profits of over $4 a share and is trading at a P/E of around 10X earnings and 6.5X EBITDA. The stock has rarely ever been this cheap. Multiples in the marine infrastructure and environmental businesses are significantly higher, and on a comparable basis, Logistec’s shares should be trading at around $80. The Paquin family owns a significant stake in the company and we would expect them to find ways of getting its share price to better reflect the company’s true value through aggressive buybacks and other means.

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