Kinaxis Inc (KXS.TO)

This has been a great story. They have done nothing, but under promise and over deliver. Fairly expensive, but they continue to deliver on the bottom line. They’ve gained a lot of new contracts in terms of the larger companies. At some point, this might get taken out because they are taking a lot of business from competition.

This keeps surprising him with new highs. Has a great business relationship with Accenture (ACN-N) which continues to do very well. Getting a bit top-heavy at around $72. He’ll continue owning as long as the trend continues to work, and they keep printing good numbers in their quarterly reports. He is trailing this with stop losses.

One of his favourite companies. They are on the cutting edge. He got involved in the IPO and did extremely well. The multiple is not cheap but the growth is very good. It came off and then he added to it. It is his second largest technology weight. They have a lot of recurring revenue.

(A Top Pick Nov 18/15. Up 41.7%.) Had to trim this a few times over the past year when it became a bigger position in his portfolio.

(A Top Pick Oct 21/15. Up 65.23%.) This was expensive when he bought it and it continues to be expensive. Feels they are starting to hit a real growth curve now. Have 2 partners that are selling their products on a third-party basis.

This is on his list of stocks that he follows. Feels it is overvalued, and is waiting for a pullback before buying.

A very interesting Canadian. They are involved in supply chain management logistics software. Seems that they have built a better mouse trap. They are signing big companies. Recently signed Samsung, which is one of the largest supply chains globally. With this contract, other large companies are going to start looking at them as a possible supplier. Valuation is pretty high, but this is one of those companies that in 5 years’ time is going to look very different than what they do today. A caveat is that just on valuation compression, it could go down 20% in a given year, but also it could be way, way higher than that over 3-5 years.

(A Top Pick Sept 23/15. Up 53.91%.) Still likes this. They continue to execute, and if anything, they might be at an inflection point. However, valuation is really expensive so you need to manage your position. They are growing at 30%+ a year.

(Market Call Minute.) This has been a Canadian Tech winner, and they continue to put up good quarters. Margins are expanding and it likely continues.

(Market Call Minute.) Just reported earnings tonight. They matched estimates, but raised their guidance, but margins went down, so he is not too sure of the market’s reaction tomorrow, but is a very, very solid company overall. Still worth buying.

Focused on supply chain management, and tends to deal with difficult cases that can’t be met by traditional ERP systems. It is growing at a fairly decent clip, and thinks they have recently upped their guidance for 2016. Trades at lofty multiples, but most of their SAS peers tend to as well. On his radar screen.

Tech company on his radar. Nice cash flow, but the ROE has not been high for the length of time he likes. From a technical standpoint they are very encouraging.

Has been a good performer, possible the best IPO in the last couple of years. He took some money off the table at $50 and then added back to it when it fell. It is not cheap, but he thinks they will grow into it. He thinks larger cap managers will start to look at it.

(Market Call Minute.) Great company, great management and lots of runway. Got ahead of itself. This is a good entry point.

Supply chain management. The stock went public at $13 not that long ago, and it is now $48-$49. Growth is in the 30% range. What he really likes is that they have $108 million in cash. Growth is improving and margins are very, very high. Their average deal size is increasing, meaning their customers are confident and are buying more and are buying bigger software packages.