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Lorne Steinberg Compass Group plc CPG-LON TOP PICK Feb 01, 2024

Catering. Food courts, hospitals, schools, sports stadiums, offshore drilling. Revenues growing 8-10% per year. Huge free cashflow. Trend is that more and more companies want to outsource food supply. 60% of revenues are in US. Double-digit earnings growth, trades at 23x earnings. Compelling story. (Target price in pounds.) Yield is 2%.

(Analysts’ price target is $2336.82)

Lorne Steinberg

Owned

Unlock Rating

$21.780

Stock price when the opinion was issued

food services

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TOP PICK

(London Stock Exchange)Statistically both trusts and energy stocks are starting to come on. Good combination. For longer-term investors, he would suggest a stoploss of about 10%-15% below where it is.

TOP PICK

(A Top Pick Jul 12/07. Up to 7%.)(London Stock Exchange)The #1 food service company in the world. Achieving a lot of economies through the purchase of food.

PAST TOP PICK

(Top Pick July 12/07 Down 6%)(London Stock Exchange) Economies of scale on purchasing side keep their costs down. Defensive stock. Still more room for cost controls. Still continue to win contracts with institutions. Still a good food service

TOP PICK

Biggest food services firm in the world. They always have the ability to use their scale to drive down their cost. It gives you a base when things are in rough shape.

HOLD

There is tiredness to the oil sector and you can see it in the oil sands. You also have the overall dilemma of what is going to happen with our landlocked supplies and where are they going to go. This is one of the finest of these companies.

TOP PICK

They are the largest food caterer in the world. They got hurt with COVID. They are incredibly well positioned. They are the market leader. They are well capitalized and they will return to growth in the latter half of this year with the dividend reinstated next year. (Analysts’ price target is $1588.62)

PAST TOP PICK

(A Top Pick Jun 28/21, Up 14%) It got hammered when Covid hit, but has recovered. A growth by acquisition story. Still owns it.

PAST TOP PICK

(A Top Pick Feb 01/24, Up 24%)

Fragmented industry, fantastic job buying up and integrating smaller operations. Double-digit earnings growth over a long time and for foreseeable future. Best in the business by far. Lots of runway. Based in UK.

PAST TOP PICK

(A Top Pick Feb 01/24, Up 14%)

Keeps making niche acquisitions, cutting costs, and generating pretty solid profit growth.

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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Lorne Steinberg Compass Group plc CPG-LON TOP PICK Feb 01, 2024

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