CGI Group (A) (GIB.A.TO)

Well-positioned for digital trends in the space. Wouldn't buy today, as valuation is above his buy price. No problems owning.

3/10 on value, not too attractive. Super-volatile stock. Fundamentally, 9/10. Employees are in 400 offices across 40 countries. AI boom isn't going anywhere. Valuation stretched, upside potential of 6%. Wait to see how the tech play is going before entering. Good long-term hold.

More-or-less recession proof due to long-term contracts. Government contracts wax and wane over time, but CGI is a major player. Stock's not cheap. If it got cheaper, he'd happily look at it. Spectacular management for 25 years. Great company.

One of the largest IT companies in the world. Helps clients figure out business strategy and execution. IT services and consulting is about 55% of revenues, systems integration at 45%. US revenue represents 30% of the total, Canada only 15%, rest from Europe. Long-term, recurring revenue contracts. 

$1B investment in AI over next 3 years. Well run, well-regarded management team. Profitability considerably above that of market average. Strong balance sheet. Trades at 17x PE. No dividend.

Doesn't own any of the consultants, because they're trying to find their place in AI. Has been left behind. 

Does not own shares anymore. Better names available in market. However, is a strong business. If bought at correct price - can be great investment. Large client base with reliably revenues in government. Growth by M&A has been reliable, but not buying anything lately. Strong management team that has managed margins well. Not a risky stock, but not too much growth either. 

Pays no dividend, but they buy back shares regularly and is defensive, because their clients are governments. Safe.

Business split between IT services and consulting (55% revenue) and systems integration (45%). Public and private. International revenue -- 30% US, 15% Canada, rest from Europe. Recurring revenues from long-term contracts. Investing to expand AI offerings. 

Well run, good track record of operating and acquiring. Impressive allocation of capital. Profitability well above market, strong balance sheet. Small premium to the market, but better quality than market. No dividend, but the growth rate is there. Long-term hold.

The name companies turn to for offsetting cost pressures and digitizing a business. Wonderful demand drivers, lovely business economics. Generates lots of cash. Valuation around 17x earnings, very robust FCF yield of 6%. Global growth platform. No dividend.

Recent pressure likely due to Fed comments about interest rates. A lot of the higher-growth names pulled sharply back. That's what an investor waits for to enter a name.

No longer owns it. Are better options. See his top picks. The old CEO used to do big acquisitions, so growth isn't as dramatic. Still a great company, and don't sell it.

One of the largest IT services companies in the world. Public and private sectors, many industries. Revenues: US (30%), Canada (15%), Europe (the rest). 70% of revenues from long-term, recurring contracts or from government. Investing in AI offerings. No dividend.

Well run. Proven track record. Grows organically and inorganically. Good rate of return, ROE is twice that of your typical Canadian company. He's OK adding at all-time highs.

It is a fantastic business, well managed, with a very steady ROE and consistent performance. It is his second choice in large cap tech in Canada with Constellation Software being his first choice,

Global IT outsourcing and consulting. Pure service. Really well run. Helped by trends toward digitization, including reducing labour costs. Good at allocating capital. Durable business. 18x earnings. Flexibility to create value by acquisitions, buying back shares, and organic initiatives. GAARP. No dividend.

A fine company. Revenue is growing 11% and EPS 16%. The one issue is 65-70% of their business comes from two sectors--government and financials, and a third comes from the US. They've bought fine companies though. The AI boom will lead to companies needing consulting, which benefits CGI.

Growth rate of 8.6% is fine, trading around 17x 2024 earnings. Quality name. Solid pipeline of government contracts. Macro pressure caused Q3 miss. Near its highs. Likes it longer term, but he'd be selling in a registered account to buy some of the beaten-down names.