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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (163181)9/25/2023 4:43:35 PM
From: Goose94Read Replies (1) of 202716
 
Savaria (SIS-T) top pick from Stephen Takacsy on BNN.ca Market Call Monday September 25th @ 1200ET

Savaria is a global leader in home accessibility equipment and patient-handling products. It manufactures and sells home stair lifts and home elevators, as well as mattresses and ceiling lifts for long term care facilities. In 2021 it purchased Handicare of Sweden making Savaria the largest player of home accessibility in the world. Results in 2023 have shown strong organic sales growth in both home accessibility and patient handling, and increasing profit margins. The company also continues to have a near-record backlog. The stock has pulled back recently on two things. Firstly the second quarter saw a $5 million hit to EBITDA due to the implementation of a new ERP system in its European operations which is a one-time event. Secondly the company recently issued equity to pay down debt which caught the market by surprise. This has created a great buying opportunity as the stock is now trading at around nine times EBITDA, the low end of its historic range. This is a unique growing business that is benefiting from strong long-term tailwinds of aging demographics and the desire to live at home longer. It also pays a 3.7 per cent dividend. This is a long-term core position that we have been adding to.
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