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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (106409)	11/14/2021 8:36:18 AM
From: Goose94	Read Replies (3) \| Respond to of 202710

Enghouse Systems (ENGH-T) top pick from James Telfser on BNN.ca Market Call Friday Nov 12th @ 1200ET After a challenging summer for Enghouse, on the back of tough y/y comparisons, we see the light at the end of the tunnel and believe current levels offer an attractive entry point. With an impressive long term track record of both revenue growth and M&A, and a renewed focus on cloud-based recurring revenue, we believe that organic and inorganic growth will increase in 2022, along with their valuation. The pandemic has created challenges for cross-border M&A which has held back their due diligence process. Furthermore, we will be rounding the noisy y/y declines in Vidyo, their video collaboration segment. Revenue is expected to be north of $510M in 2022 ($477M in 2021) and if they close some acquisitions during the year, we believe the stock will once again trade in line with historical multiples of 17-19x EBTIDA which would equate to a $65+ stock price.